Ormat Q2 revenue up 10.6% to $258.8M; raises full-year guidance

ORMAT TECHNOLOGIES, INC.

Q2 revenue $258.8M (+10.6% YoY); gross profit $68.7M (+20.8%); adjusted EBITDA $143.9M (+6.9%).
Energy storage revenue nearly tripled to $42.8M (+195.1% YoY) on strong PJM merchant pricing and capacity additions.
GAAP diluted EPS $0.43 vs $0.46 YoY; adjusted diluted EPS $0.50 vs $0.48.
Raised FY2026 revenue guidance to $1.15B-$1.20B and adjusted EBITDA to $630M-$650M.
Board declared $0.12/share quarterly dividend, payable Sept 2, 2026 to holders of record Aug 19.

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