Ormat Technologies Q4 revenue rises 19.6%, beats estimates

Ormat Technologies

25/02/2026 21:16

Overview

Geothermal energy firm's Q4 revenue rose 19.6%, beating analyst expectations

Adjusted EPS for Q4 beat analyst expectations

Outlook

Ormat expects 2026 total revenues between $1,110 mln and $1,160 mln

Company anticipates 2026 adjusted EBITDA between $615 mln and $645 mln

Ormat targets generating capacity of 2.6 to 2.8 GW by end of 2028

Result Drivers

ENERGY STORAGE GROWTH - Co's Energy Storage segment revenues more than doubled, driven by higher merchant pricing and new facilities reaching commercial operation

ELECTRICITY SEGMENT - Q4 Electricity segment revenues increased due to Blue Mountain acquisition and improved performance at Dixie Valley

Company press release: ID:nGNX6cWmrz

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$276.04 mln
$258.04 mln (8 Analysts)
Q4 Adjusted EPS
Beat
$0.67
$0.63 (8 Analysts)
Q4 Adjusted Net Income
Beat
$41.80 mln
$38.76 mln (6 Analysts)
Q4 Adjusted EBITDA
Beat
$158.70 mln
$156.22 mln (7 Analysts)
Q4 Gross Margin
28.60%
Q4 Operating Income
$42.60 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 7 "strong buy" or "buy", 3 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Ormat Technologies Inc is $131.00, about 13.1% above its February 24 closing price of $115.85

The stock recently traded at 50 times the next 12-month earnings vs. a P/E of 46 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)