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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
Ormat
Ormat
Ormat Revenue by Segment
Revenue by Segment
Electricity Revenue
CapyFin.comProduct Revenue
CapyFin.comEnergy Storage Revenue
CapyFin.com 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