Ormat Technologies Reports Strong Q3 2026 Results with EPS and Revenue Beats
Ormat Technologies (ORA) reported third-quarter 2026 financial results that exceeded market expectations. The company posted a Non-GAAP earnings per share of $0.56, surpassing estimates by $0.21, while revenue reached $275.1 million, representing a 10.2% increase year-over-year and beating projections by $25.84 million. Adjusted EBITDA rose 11.1% to $153.8 million for the quarter. This growth was primarily fueled by the Energy Storage segment, which benefited from increased merchant prices, high asset availability, and ongoing portfolio expansion. The results underscore strong operational performance across Ormat's core segments.
Topics: earnings beat EBITDA increase energy storage geothermal energy revenue growth