Earnings Releases·Nov 4, 2026, 4:47 PM ET

Ormat Technologies — Third Quarter 2026 Earnings Summary

**Financial Performance:** Q3 2026 revenue rose 10.2% YoY to $275.1 million, while net income and adjusted net income surged 32.2% and 39.8% respectively; Energy Storage revenue grew 145.2% YoY to $49.9 million with margins expanding to 62.1%, offsetting slight declines in Electricity and Product segments.
**Guidance Revision:** The Company raised full-year 2026 revenue guidance midpoint to $1,170–$1,200 million and Adjusted EBITDA midpoint to $640–$650 million, citing strong year-to-date performance and fourth-quarter outlook.
**Strategic Expansion:** Progress includes commercial operation of the 10 MW Dominica plant, selection for up to $35 million in DOE funding for EGS projects, and the decision to develop the 100 MW Denali energy storage facility in California.
**Capital Position & Returns:** Cash and cash equivalents increased to $347.968 million as of September 30, 2026, and the Board declared a $0.12 per share quarterly dividend payable in December 2026.