Ormat Technologies (ORA) Q2 2025

Q1 2026 Q4 2025 Q3 2025 Q2 2025

Earnings

Ormat Technologies delivered a convincing beat in the second quarter of 2025, with adjusted diluted EPS of $0.48 clearing the $0.38 consensus estimate by 26.25% and revenue of $234.02 million topping expectations by 5.59% while rising 9.9% year-over-… Read more Ormat Technologies delivered a convincing beat in the second quarter of 2025, with adjusted diluted EPS of $0.48 clearing the $0.38 consensus estimate by 26.25% and revenue of $234.02 million topping expectations by 5.59% while rising 9.9% year-over-year. The standout driver was a sharp rebound in the Product segment, where revenues jumped 57.6% to $59.61 million and gross margin expanded dramatically from 13.7% to 27.7%, alongside a 62.7% surge in Energy Storage revenue to $14.49 million. Those gains offset a softer Electricity segment, where planned well-field maintenance at Puna and third-party curtailments at McGinness Hills and Tungsten weighed on results; management noted those headwinds are expected to ease in the second half. Federal permitting reforms have also accelerated geothermal development activity. Looking ahead, Ormat reiterated full-year 2025 guidance calling for total revenues of $935 million to $975 million and adjusted EBITDA of $563 million to $593 million, underpinned by $300 million in recently secured project financing.