Ormat Technologies (ORA)
NYSE:ORA
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Earnings Data
Report Date
Aug 05, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.29Last Year’s EPS
0.46Same Quarter Last Year
Strong Buy
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a broadly positive operational and financial story: record Q1 revenue, substantial segment-level growth (notably Product +458% and Storage +153%), strong adjusted profitability and cash build, strategic asset additions and a $1B convertible raise that improved liquidity and cost of debt. Management also emphasized progress on EGS pilots and next-generation equipment, positioning the company for long-term growth. Offsetting these positives are electricity margin pressures from weather and local rate effects, one-time charges, elevated leverage (4.2x net debt/EBITDA), concentration in product sales, and timing/permitting risks for some projects; management reiterated full-year guidance due to merchant price uncertainty. Overall, the positive operational momentum and strategic developments materially outweigh the challenges.Company Guidance
Record Quarterly Revenue
Q1 revenue of $403.9 million, a 75.8% year-over-year increase, described as a record first quarter driven by strong execution across segments.
Large Growth in Product and Storage Segments
Product segment revenue rose 458.4% to $177.4 million (driven by $105 million revenue recognition from top two projects). Energy Storage revenue increased 153.1% year-over-year, reflecting capacity additions and favorable merchant pricing in PJM.
Improved Profitability and Cash Flow
Gross profit was $120.4 million, up 65.1% YoY. Adjusted net income increased 93.5% to $80.3 million ($1.30 per diluted share). Adjusted EBITDA was $194.9 million, up 29.7% YoY. Company highlighted strong cash flow generation enabling reinvestment and shareholder returns.
Strengthened Balance Sheet and Liquidity
Cash and restricted cash rose to approximately $763 million (from ~$281 million at end of 2025). Completed an upsized $1.0 billion convertible note offering, reducing cost of debt to 3.9%.
Strategic M&A and Asset Additions
Acquired Hoku (Big Island, Hawaii) for ~ $80 million cash — 30 MW solar paired with 30 MW / 120 MWh storage with a 25-year PPA. COD achieved at Shirk storage; total storage portfolio at ~1.4 GWh after additions.
Contract Wins and PPA Progress
Signed PPAs for roughly 200 MW at favorable pricing, including agreements with hyperscalers (Google, Switch), plus two blend-and-extend contracts. One blend-and-extend (CD4) extends PPA by five years and increases contract pricing ~27%.
Clear 2028 Capacity Targets and Development Pipeline
Total portfolio at 1.8 GW; electricity portfolio at ~1,340 MW (added 30 MW in Q1) with ~216 MW under construction/development through 2028. Company reiterates target to reach 2.6–2.8 GW by end of 2028 and plans to add ~216 MW from geothermal/hybrid projects by 2028.
Progress on Next-Generation Geothermal (EGS)
Advancing subsurface pilots with SLB and collaboration with Sage Geosystems; pilots sized ~2–4 MW each targeting initial production in 2027. Developing a next-generation, larger Ormat Energy Converter (announcement pending) and pursuing DOE and external funding opportunities.
ORA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
ORA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2026 | $114.75 | $122.41 | +6.67% |
Feb 25, 2026 | $116.82 | $106.26 | -9.05% |
Nov 03, 2025 | $107.48 | $108.31 | +0.77% |
Aug 06, 2025 | $84.82 | $86.94 | +2.50% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Ormat Technologies (ORA) report earnings?
Ormat Technologies (ORA) is schdueled to report earning on Aug 05, 2026, After Close (Confirmed).
What is Ormat Technologies (ORA) earnings time?
Ormat Technologies (ORA) earnings time is at Aug 05, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORA EPS forecast?
ORA EPS forecast for the fiscal quarter 2026 (Q2) is 0.29.