Welcome to our dedicated page for Kenon Hldgs news (Ticker: KEN), a resource for investors and traders seeking the latest updates and insights on Kenon Hldgs stock.
Kenon Holdings Ltd. (KEN) publishes frequent updates through press releases and Form 6-K filings, giving investors a detailed view of developments affecting its core holding, OPC Energy Ltd. The news flow focuses on OPC’s electricity generation and energy supply activities in Israel and the United States, as well as Kenon’s stand-alone capital allocation decisions and legal and arbitration matters.
Visitors to this KEN news page can review announcements on quarterly and annual financial results, including summaries of revenue by geography, cost of sales, finance expenses and OPC’s Adjusted EBITDA including proportionate share in associated companies. Kenon also reports on OPC’s business drivers, such as changes in Israeli generation and infrastructure tariffs, customer consumption patterns, capacity payments and the performance of specific power plants like Tzomet and Gat.
News items also cover OPC and CPV Group’s project pipeline and financing milestones. Examples include financial closing and commencement of construction of the Basin Ranch gas-fired power plant project in Texas, agreements to acquire additional interests in CPV Shore and CPV Maryland, and government approvals for the Hadera 2 natural gas-fired power plant in Israel. These updates help investors track how new projects and acquisitions may influence future consolidated results.
Beyond OPC, Kenon’s releases highlight stand-alone cash levels, share repurchase plans, large cash dividends, the sale of its remaining stake in ZIM Integrated Shipping Services Ltd., and progress in arbitration proceedings against the Republic of Peru and in litigation related to Qoros. By following this news feed, investors can monitor both operating performance and corporate actions that shape the investment profile of KEN stock.
Kenon Holdings (NYSE: KEN) reported Q3 2025 results and corporate updates on December 3, 2025. Key items: Kenon sold 5,422,648 OPC shares for ~NIS 340M (~$100M) and now holds ~47% of OPC; Kenon's stand-alone cash rose to $670M as of Dec 3, 2025. OPC reported Q3 2025 profit $69M (Q3 2024: $23M) and Adjusted EBITDA $156M (Q3 2024: $108M). OPC completed a private placement (~NIS 340M) and issued NIS 460M Series D bonds in November 2025. OPC announced financial closing and construction start on the Basin Ranch 1.35 GW Texas project and an agreement for CPV to buy the remaining interest (consideration ~ $371M), which may lead to consolidation upon closing.
Kenon Holdings (NYSE:KEN) reported Q2 2025 results, highlighting significant developments at its subsidiary OPC Energy. OPC successfully raised total gross proceeds of NIS 1,750 million ($506 million) through share offerings in June and August 2025. The company's Q2 2025 Adjusted EBITDA including associated companies reached $90 million, up from $66 million in Q2 2024.
Key financial metrics include revenue of $196 million (up from $181 million), with operations in Israel contributing $153 million and U.S. operations adding $43 million. The Israeli Government approved plans for the Hadera 2 project, an 850MW natural gas-fired power plant with estimated construction costs of NIS 4.5-5 billion ($1.3-1.5 billion).
As of June 30, 2025, OPC maintained $470 million in unrestricted cash with total consolidated debt of $1,403 million. Kenon's standalone cash position was approximately $560 million with no material debt, and the company expanded its share repurchase program by $10 million to $70 million total.
Kenon Holdings (NYSE: KEN) has reported its full year 2024 results with several significant developments. The company announced a $250 million cash dividend ($4.80 per share) and completed the sale of its remaining ZIM stake for $394 million. Kenon has repurchased approximately 681,000 shares for $20 million under its expanded share repurchase plan.
OPC Energy, Kenon's operating subsidiary, reported a net profit of $53 million in 2024, up from $47 million in 2023. Revenue increased to $751 million from $692 million, while Adjusted EBITDA rose to $332 million from $304 million. The company's financial position shows cash and equivalents of $264 million with total consolidated debt of $1,267 million as of December 31, 2024.
Kenon Holdings has reported its Q3 2024 results with several key developments. The company has repurchased approximately 348,000 shares for $10 million under its share repurchase plan. OPC reported a Q3 2024 net profit of $23 million (compared to $27 million in Q3 2023) and Adjusted EBITDA of $108 million (vs $104 million in Q3 2023). ZIM announced strong results with a Q3 2024 net profit of $1.1 billion (compared to a net loss of $2.3 billion in Q3 2023) and Adjusted EBITDA of $1.5 billion (vs $211 million in Q3 2023). ZIM declared a dividend of $3.65 per share, with approximately $47 million net of tax payable to Kenon. The company has also reduced its stake in ZIM to 7.6% through various sales and derivative transactions.
Kenon Holdings (NYSE: KEN) announced its Q2 2024 results and provided additional updates. Key highlights include:
Kenon sold 5M ZIM shares for $111M in June 2024, remaining the largest shareholder. Entered a collar transaction on an additional 5M ZIM shares. Increased share repurchase plan to $60M and authorized up to $30M through March 2025. OPC raised $220M in a share offering, with Kenon investing $120M, raising its stake to 54.5%.
In August 2024, Harrison Street agreed to invest $300M in OPC's CPV Renewable for a 33.33% stake. OPC's PJM market capacity price rose to $269.92/MW-day. Financially, OPC reported a Q2 net loss of $7M, decreased from $11M in 2023, with $66M in Adjusted EBITDA, up from $47M. ZIM reported a Q2 profit of $373M from a $213M loss in 2023, with Adjusted EBITDA of $766M, up from $275M. ZIM declared a $0.93/share dividend, netting Kenon approximately $14M after tax.
Kenon Holdings (NYSE: KEN, TASE: KEN) reported its Q1 2024 results on June 3, 2024. The company received favorable court decisions in litigation against Shenzhen Baoneng and arbitration against Peru, leading to potential financial gains. Kenon distributed a $200 million dividend in April 2024 and is set to receive $5 million from ZIM's declared dividend.
OPC's Q1 2024 net profit was $4 million, down from $22 million in Q1 2023, though revenue increased to $174 million from $147 million. ZIM reported a net profit of $92 million, reversing a loss of $58 million in Q1 2023. ZIM's revenues were up by 14% to $1.6 billion.
Kenon's liquidity stood at $640 million as of March 31, 2024, with no material debt. OPC's adjusted EBITDA rose to $95 million from $75 million. Kenon continues to enforce its legal claims for substantial financial awards.
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