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Jun 30, 2022
Ormat Q2 2022 Earnings Report
Ormat's Q2 2022 financial performance demonstrated healthy top-line and Adjusted EBITDA growth, driven by strong performance from the Electricity segment and the Energy Storage Segment.
Key Takeaways
Ormat Technologies reported a 15.1% year-over-year increase in total revenues for Q2 2022, driven by the Electricity segment. Operating income increased by 34.9% year-over-year, and Adjusted EBITDA grew by 19.1% year-over-year. The company reiterates its 2022 annual guidance.
Total revenues for the second quarter increased by 15.1% year over year led by electricity segment
Operating income increased 34.9% year over year
Adjusted EBITDA grew 19.1% year over year
Ormat reiterates 2022 annual guidance
Revenue by Segment
Forward Guidance
Ormat provides guidance for the full year 2022.
Positive Outlook
- Total revenues of between $710 million and $735 million.
- Electricity segment revenues between $630 million and $640 million.
- Product segment revenues of between $50 million and $60 million.
- Energy Storage revenues of between $30 million and $35 million.
- Adjusted EBITDA to be between $430 million and $450 million, including $15.0 million for business interruption insurance proceeds, of which 5.2 million were recorded in the six months ended June 30, 2022.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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