---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-23-021696"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T07:24:37.426268+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Ormat Q2 revenues up 15% to $194.8M; net income jumps 115%; raised 2025 capacity target to 1.9-2.0 GW

## Summary
- Q2 total revenues $194.8M (+15.2% YoY); net income $24.2M (+114.8%); diluted EPS $0.40 (+100%).
- Electricity segment rev $155.3M (+2.7%); product rev $33.5M (+222%); storage rev $6.0M (-19.7%).
- Adjusted EBITDA $100.9M (flat YoY); full-year guidance reaffirmed: rev $823M-$858M, EBITDA $480M-$510M.
- New 2025 capacity target raised to 1.9-2.0 GW; construction started on 50MW NZ geothermal and 155MW/380MWh storage.
- Quarterly dividend $0.12/share declared; payable Aug 30, 2023.

## SEC filing metadata
- accession: 0001437749-23-021696
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000143774923021696/0001437749-23-021696-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000143774923021696/ora20230802_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-23-021696
- JSON: https://secwatch.observer/filing/0001437749-23-021696.json
- Plain text: https://secwatch.observer/filing/0001437749-23-021696.txt

## Key facts
- Earnings Releases
  ORMAT TECHNOLOGIES, INC. updated its second quarter ended June 30, 2023 guidance (reaffirmed).
  - Period: second quarter ended June 30, 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: On August 2, 2023 Ormat Technologies, Inc. (the “Registrant”) reported its earnings for its second fiscal quarter ended June 30, 2023. 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000143774923021696/0001437749-23-021696-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.