secwatch.observer — SEC 8-K summary
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Issuer:     ORMAT TECHNOLOGIES, INC. (ORA)
CIK:        0001296445
Form:       8-K
Filed at:   2022-08-04T23:59:59+00:00
Accession:  0001437749-22-018841
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Ormat Q2 revenue up 15% to $169M, adj. EBITDA up 19% to $101M; net income down 14%
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- Electricity segment revenue $151.2M (+12.9% YoY); product revenue $10.4M (+40.2%); energy storage $7.5M (+33.1%).
- Operating income $38.6M (+34.9%); diluted EPS $0.20 (down 13% vs $0.23); adjusted EPS $0.22 (down 6.4%).
- Net income attributable to stockholders $11.3M, down 13.6% YoY, hurt by $2.9M after-tax FX loss and $0.8M debt extinguishment costs.
- Reaffirms 2022 guidance: total rev $710-735M, adj. EBITDA $430-450M; quarterly dividend $0.12/sh payable Aug 31.
- Signed PPAs for up to 285 MW geothermal (NV Energy 160 MW, CC Power 125 MW); added 73 MW of new projects since Q1.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1296445/000143774922018841/0001437749-22-018841-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1296445/000143774922018841/ora20220804_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-018841

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