Ormat Q3 adjusted EBITDA up 16% to $137.7M; raises full-year EBITDA guidance

ORMAT TECHNOLOGIES, INC.

2024-Q3 EPS reported $1.37 revenue$648,913,000

Q3 total revenue $211.8M (+1.8% YoY); electricity segment revenue $164.6M (+4.7% YoY).
Adjusted EBITDA $137.7M (+16.3% YoY); company raises FY adjusted EBITDA guidance to $540-555M.
Net income $22.1M vs $35.5M in Q3 2023; impacted by $9.4M prior-year tax benefit.
Board declares $0.12/share quarterly dividend, payable Dec 4, 2024 to holders of record Nov 20.
80MW/320MWh Bottleneck storage facility in California begins commercial operations.

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