Ormat Q2 revenue up 9.3% to $213M; adj. EBITDA up 25% to $126.1M; raises FY EBITDA guidance

ORMAT TECHNOLOGIES, INC.

2024-Q2 EPS reported $1.00 revenue$437,129,000

Total revenues $213M (+9.3% YoY); operating income $35.1M (+45%); adj. EBITDA $126.1M (+25%).
Electricity segment revenue $166.2M (+7%), gross margin 33.5% (vs 29.6%); Energy Storage revenue $8.9M (+48.1%), margin 5.7% (vs 1.9%).
GAAP EPS $0.37; adjusted EPS $0.40; net income $22.2M down 8.1% due to $2M after-tax write-offs.
FY 2024 adj. EBITDA guided to $520M-$550M; total revenue $875M-$910M. Guidance raised from prior range.
Quarterly dividend $0.12/share declared, payable Sep 3, record Aug 20.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.