Ormat Technologies — Third Quarter 2026 Earnings Summary

Ormat Technologies reported third-quarter 2026 revenues of $275.1 million, a 10.2% increase year-over-year, driven by a 145.2% surge in Energy Storage segment revenue to $49.9 million. Net income attributable to stockholders rose 32.2% to $31.9 million, while Adjusted EBITDA increased 11.1% to $153.8 million. The company raised its full-year 2026 revenue guidance to a midpoint of $1,185 million and Adjusted EBITDA guidance to $645 million. Additionally, Ormat expanded its Enhanced Geothermal Systems (EGS) land position to approximately 170,000 acres, estimating potential for 5 to 6 gigawatts of future development.