Ormat Q3 revenues $175.9M (+10.7% YoY); diluted EPS $0.32; declares $0.12 dividend

ORMAT TECHNOLOGIES, INC.

2022-Q3 EPS reported $0.85 revenue$528,673,000

Total revenues $175.9M (+10.7% YoY); operating income $38.9M (+8.1%); net income $18.1M (+21.5%).
Adjusted EBITDA $102.2M (flat YoY due to prior year $15.8M insurance proceeds); guidance reaffirmed at $430-442M.
Electricity segment revenue $152.8M (+7.1%); CD4 (30MW) commenced operations; Bottleneck 80MW/320MWh PPA signed.
Product segment backlog grew 150% to $137.1M; secured $100M supply/EPC contracts in NZ and Indonesia.
Quarterly dividend $0.12/share, payable Nov 30, record Nov 16.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

ORMAT TECHNOLOGIES, INC. reported financial results for third quarter ended September 30, 2022.

Period: third quarter ended September 30, 2022
Result: reported results

Exact text from the filing

On November 2, 2022 Ormat Technologies, Inc. (the “Registrant”) reported its earnings for its third fiscal quarter ended September 30, 2022. A copy of the Registrant's press release containing this information is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

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Source: SEC EDGAR

accession 0001437749-22-025802

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