Ormat Technologies Q4 revenue rises 19.6%, beats estimates
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.
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