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Dec 31, 2025
Ormat Q4 2025 Earnings Report
Ormat reported strong fourth quarter 2025 revenue growth driven by Energy Storage and Product segments, while net income declined due to impairment charges.
Key Takeaways
In Q4 2025, Ormat generated 276036000 in total revenues, up 19.6% year-over-year, driven by significant growth in the Energy Storage and Product segments. Net income attributable to stockholders was 31353000, while Adjusted EBITDA increased 9.1% to 158687000.
Total revenues increased 19.6% year-over-year to 276036000.
Energy Storage revenues surged 140.5% to 26341000 with significant margin expansion.
Net income attributable to stockholders declined to 31353000 due to impairment charges.
Adjusted EBITDA rose 9.1% year-over-year to 158687000.
Revenue by Segment
Forward Guidance
For 2026, Ormat expects total revenues between 1110000000 and 1160000000 and Adjusted EBITDA between 615000000 and 645000000.
Positive Outlook
- Electricity segment revenues expected between 715000000 and 730000000.
- Product segment revenues expected between 300000000 and 320000000.
- Energy Storage revenues expected between 95000000 and 110000000.
- Adjusted EBITDA guidance range of 615000000 to 645000000.
- Continued long-term PPAs supporting revenue visibility.
Challenges Ahead
- Adjusted EBITDA attributable to minority interest of approximately 18900000.
- Guidance excludes reconciliation to net income due to variability.
- Potential variability from impairments and acquisition-related costs.
- Exposure to merchant pricing in Energy Storage segment.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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