---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-24-015413"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T08:51:53.515357+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ormat Q1 revenue up 21% to $224.2M, EPS $0.64; reiterates FY2024 guidance

## Summary
- Total revenue $224.2M (+21% YoY); diluted EPS $0.64 (+25.5%); net income $38.6M (+32.9%).
- Electricity segment revenue $191.3M (record quarter, +12.3%); driven by Puna, Heber, and Enel acquisition.
- Energy Storage revenue $8.1M (+65.6%); gross margin improved to 7.5% from negative.
- Adjusted EBITDA $141.2M (+14.4%); FY2024 guidance reaffirmed: rev $860-910M, Adj. EBITDA $515-545M.
- Quarterly dividend $0.12/share unchanged; payable June 5, 2024 to holders of record May 22.

## SEC filing metadata
- accession: 0001437749-24-015413
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1296445/000143774924015413/0001437749-24-015413-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000143774924015413/ora20240508_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-24-015413
- JSON: https://secwatch.observer/filing/0001437749-24-015413.json
- Plain text: https://secwatch.observer/filing/0001437749-24-015413.txt

## Key facts
- Earnings Releases
  ORMAT TECHNOLOGIES, INC. reported first quarter ended March 31, 2024 results: revenue $224.2 million, net income $38.6 million, EPS $0.64. Guidance reaffirmed.
  - Period: first quarter ended March 31, 2024
  - Revenue: $224.2 million
  - Net income: $38.6 million
  - EPS: $0.64
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net income attributable to the Company’s stockholders for the first quarter was $38.6 million, an increase of 32.9% compared to last year. Diluted EPS for the first quarter was $0.64, an increase of 25.5% compared to the prior year period.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1296445/000143774924015413/0001437749-24-015413-index.htm

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