Highest-materiality recent filing
Ormat Q2 revenue up 10.6% to $258.8M; raises full-year guidance
Q2 revenue $258.8M (+10.6% YoY); gross profit $68.7M (+20.8%); adjusted EBITDA $143.9M (+6.9%).
All eight director nominees re-elected with votes for ranging from 47.5M to 49.9M; broker non-votes ~1.2M.
Ormat Q1 FY2026: record revenue $403.9M (+75.8%), adj. EPS $1.30 (+91.2%), reiterates FY guidance
Total revenue $403.9M (+75.8% YoY); GAAP EPS $0.71; adjusted EPS $1.30 (+91.2%); adjusted EBITDA $194.9M (+29.7%).
Ormat closes $1B convertible note offering; repurchases $286M of 2027 notes and $25M common stock
$1B aggregate convertible notes: $825M Series A (1.50%) and $175M Series B (0.00%), due 2031; initial conversion price ~$140.40/share.
Q4 GAAP EPS $0.50 vs $0.67 prior year; adjusted EPS $0.67 vs $0.72.
Ormat signs up to 150 MW geothermal PPA with NV Energy to support Google data centers
PPA covers multi-project portfolio of up to 150 MW of new geothermal capacity in Nevada.
Ormat Q3 revenue up 17.9% to $249.7M, EPS $0.39; raises FY revenue/EBITDA guidance
Total revenue $249.7M (+17.9% YoY); net income $24.1M (+9.3%); diluted EPS $0.39.
Ormat Q2 revenue up 9.9% to $234M; net income rises 26.1%; reaffirms FY guidance
Revenue $234M (+9.9% YoY); net income $28.0M (+26.1%); diluted EPS $0.46 (+24.3%).
Ormat Q1 revenue +2.5%, record EBITDA $150.3M; acquires Blue Mountain geothermal for $88M
Q1 2025 total revenue $229.8M (+2.5% YoY); net income $40.4M (+4.6%); record adjusted EBITDA $150.3M (+6.4%).
All eight director nominees elected; Isaac Angel received 48,190,303 votes for, David Granot 38,900,408 for and 10,299,849 against.
Ormat director Mike Nikkel to step down at 2025 annual meeting
Mike Nikkel informed the board he will not stand for reelection at the 2025 annual meeting.
Ormat Q4 2024 EPS $0.67, FY adj. EBITDA $550.5M (+14.3% YoY), guides 2025 revs $935-975M
Total FY revenue $879.7M (+6.1%); Electricity $702.3M (+5.3%), Energy Storage $37.7M (+30.6%).
ORIX to sell 3.7M Ormat shares at $76.20 in secondary offering; Ormat gets no proceeds
ORIX Corporation sells 3,700,000 shares of Ormat common stock at $76.20 per share; underwriter option for 555,000 additional shares.
Ormat Q3 adjusted EBITDA up 16% to $137.7M; raises full-year EBITDA guidance
Q3 total revenue $211.8M (+1.8% YoY); electricity segment revenue $164.6M (+4.7% YoY).
Ormat Q2 revenue up 9.3% to $213M; adj. EBITDA up 25% to $126.1M; raises FY EBITDA guidance
Total revenues $213M (+9.3% YoY); operating income $35.1M (+45%); adj. EBITDA $126.1M (+25%).
Ormat Technologies issues $45.2M additional 2.50% convertible notes due 2027 to refinance debt
Issued additional $45,187,000 of 2.50% Convertible Senior Notes due 2027.
Stockholders approved Second Amended and Restated 2018 Incentive Compensation Plan (40,700,111 for, 13,336,561 against), effective May 8, 2024.
Ormat Q1 revenue up 21% to $224.2M, EPS $0.64; reiterates FY2024 guidance
Total revenue $224.2M (+21% YoY); diluted EPS $0.64 (+25.5%); net income $38.6M (+32.9%).
Ormat Q4 revenue $241M (+17%), EPS $0.59; FY adj EBITDA $482M; guides 2024 EBITDA $515-545M
Q4 2023 total revenue $241.3M (+17.4% YoY); diluted EPS $0.59 (+84.4% YoY).
Ormat Q3 revenue $208M (+18.3%), net income $35.5M (+95.8%); narrows FY guidance
Net income $35.5M ($0.59 diluted EPS) vs $18.1M ($0.32) YoY; adjusted EBITDA $118.3M (+15.8%).
Ormat acquires 150 MW geothermal/solar portfolio from Enel for $271M; Q1 2024 close
Purchase price $271M; expected to finance via new long-term corporate debt.
Q2 total revenues $194.8M (+15.2% YoY); net income $24.2M (+114.8%); diluted EPS $0.40 (+100%).
Ormat shareholders elect all nine director nominees at 2023 annual meeting
All nine director nominees elected; Isaac Angel received 51.2M for, 1.5M against, with 910.9K broker non-votes.
Ormat Q1 net income +57.5% to $29M; Adjusted EBITDA +14.5% to $123.5M
Electricity segment revenue $170.3M (+4.8% YoY) driven by new assets CD4, Tungsten, Heber 2.
Ormat Technologies prices public offering of 3.6M shares at $82.60, net proceeds ~$297M
3,600,000 shares offered at $82.60; underwriters have 30-day option for 540,000 additional shares.
Shlomi Argas to step down as President of Ormat Technologies, remain as senior consultant
Shlomi Argas to transition out of President and Head of Operations and Products role effective July 1, 2023.
Ormat reports FY2022 revenue up 10.7% to $734.1M; guides 2023 adjusted EBITDA up to 17%
FY2022 total revenue $734.1M (+10.7% YoY); GAAP diluted EPS $1.17 (+6.4%); adjusted diluted EPS $1.63 (+17.1%).
ORIX to sell 3.75M shares of Ormat common at $90 each in secondary offering
ORIX sells 3,750,000 shares at $90/share; underwriters have 30-day option for 562,500 more.
Ormat Q3 revenues $175.9M (+10.7% YoY); diluted EPS $0.32; declares $0.12 dividend
Total revenues $175.9M (+10.7% YoY); operating income $38.9M (+8.1%); net income $18.1M (+21.5%).
Ormat Q2 revenue up 15% to $169M, adj. EBITDA up 19% to $101M; net income down 14%
Electricity segment revenue $151.2M (+12.9% YoY); product revenue $10.4M (+40.2%); energy storage $7.5M (+33.1%).
Ormat Technologies issues $375M 2.50% Green Convertible Notes due 2027
Issued $375M aggregate principal of 2.50% Senior Convertible Notes due July 15, 2027.
Ormat shareholders elect two new independent directors, approve amended incentive plan
Shareholders elected Michal Marom and Karin Corfee to board, replacing Dan Falk and Albertus Bruggink.
Ormat Q1 revenue up 10.4% to $183.7M; net income up 20.8%; adjusted EBITDA $107.9M
Revenue $183.7M (+10.4% YoY); Electricity segment $162.5M (+12.1%); Product $14.6M (+69.2%); Energy Storage $6.6M (-48.5%).
Ormat reports Q4 total revenue $191M (+6.5% YoY); record Adj EBITDA $116M; FY22 guidance $430-450M
Q4 total revenues $191M (+6.5% YoY); Adj EBITDA record $116M (+6.3% YoY).
Ormat appoints Jessica Woelfel as permanent General Counsel and Chief Compliance Officer
Hezi Kattan stepped down as General Counsel on January 24, 2022.
Ormat Q3 electricity revenue up 15%, product down 65%; adj. EPS $0.32; guides FY21 EBITDA $400-410M
Electricity segment revenue $142.7M (+15.4% YoY) on acquisitions and Puna recovery; product segment $10.5M (-64.5%) due to COVID.
Net income $13.0M ($0.23 diluted EPS) vs $23.0M ($0.45) in Q2 2020; Adjusted EBITDA $84.5M vs $97.9M.
On March 11, 2025, Mike Nikkel, a member of the board of directors (the “Board”) of Ormat Technologies, Inc. (the “Company”), informed the Board that he would not stand for reelection at the 2025 annual meeting of stockholders (the “Annual Meeting”).
On February 22, 2023, Shlomi Argas notified Ormat Technologies, Inc. (the “Company”) of his intent to transition out of his role as President and Head of Operations and Products of the Company, effective July 1, 2023.
On January 24, 2022, Ormat Technologies, Inc. (the “Company”), and Hezi Kattan, General Counsel of the Company, agreed that he would step down from his position as General Counsel.
Jessica Woelfel, Interim General Counsel and Chief Compliance Officer of the Company, was appointed to serve permanently as General Counsel and Chief Compliance Officer, effective immediately.
Max materiality 0.85 · Median 0.75 · Most common event earnings