ORMAT TECHNOLOGIES, INC. 8K

Ormat Technologies reported stronger Q2 2026 results, raised full-year revenue and Adjusted EBITDA guidance, advanced key geothermal and storage projects, and declared a $0.12 per share quarterly dividend.

On August 5, 2026, Ormat Technologies, Inc. reported its financial results for the second quarter ended June 30, 2026, highlighting a 10.6% year-over-year increase in total revenue to $258.8 million, 20.8% growth in gross profit, and a 6.9% increase in Adjusted EBITDA to $143.9 million, driven largely by nearly tripled Energy Storage revenues and continued expansion of its generation portfolio. The company raised its full-year 2026 guidance for total revenues to $1.15–$1.20 billion and Adjusted EBITDA to $630–$650 million, detailed progress on its Enhanced Geothermal Systems (EGS) strategy and pilot projects with SLB and Sage Geosystems, and announced key business developments including commercial operation of the 10 MW Dominica geothermal plant, a 5 MW upgrade at Cove Fort, the decision to advance the 100 MW / 400 MWh Denali storage project in California under a 20-year tolling agreement with Clean Power Alliance, and a $40 million exploration financing facility with PT Sarana Multi Infrastruktur for the Wapsalit project in Indonesia. The Board of Directors also declared a quarterly cash dividend of $0.12 per share payable on September 2, 2026, to shareholders of record on August 19, 2026, and indicated an expectation to pay a similar dividend in the next quarter.

Filing Facts

CIK

1296445

Ticker

-

Form

8K

Source Type

sec

Accession

0001437749-26-025961

Alert Tier

7