---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-25-015197"
form_type: "8-K"
ticker: "ORA"
cik: "0001296445"
company_name: "ORMAT TECHNOLOGIES, INC."
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T03:22:23.001908+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Ormat Q1 revenue +2.5%, record EBITDA $150.3M; acquires Blue Mountain geothermal for $88M

## Summary
- Q1 2025 total revenue $229.8M (+2.5% YoY); net income $40.4M (+4.6%); record adjusted EBITDA $150.3M (+6.4%).
- Energy storage revenue surged 119.7% to $17.8M driven by PJM merchant market and new capacity.
- Electricity segment revenue fell 5.8% to $180.2M due to curtailments in CA/NV and transmission line maintenance.
- Signed agreement to acquire 20MW Blue Mountain geothermal plant from Cyrq Energy for $88M; close expected Q2 2025.
- Reiterated FY2025 guidance: revenue $935-975M, adjusted EBITDA $563-593M; quarterly dividend $0.12/share.

## SEC filing metadata
- accession: 0001437749-25-015197
- form_type: 8-K
- ticker: ORA
- cik: 0001296445
- company_name: ORMAT TECHNOLOGIES, INC.
- filed_at: 2025-05-08T23:59:59+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/1296445/000143774925015197/0001437749-25-015197-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1296445/000143774925015197/ora20250507_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-25-015197
- JSON: https://secwatch.observer/filing/0001437749-25-015197.json
- Plain text: https://secwatch.observer/filing/0001437749-25-015197.txt

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