Ormat Technologies develops, owns, and operates geothermal, solar PV, recovered energy, and battery energy storage assets, while also designing and selling equipment for geothermal and recovered energy power plants. News about ORA commonly covers quarterly results, power purchase agreements, commercial operations at storage facilities, geothermal development, Enhanced Geothermal Systems strategy, and capital actions such as convertible senior notes.
The company’s updates also reference the Ormat Energy Converter, recovered energy generation projects, energy storage services, and renewable power portfolios in the United States and international geothermal markets.
Ormat Technologies (ORA) plans to publish its third-quarter 2026 financial results after the market closes on November 4, 2026. A conference call to discuss the results is scheduled for November 5, 2026, at 10:00 a.m. ET, accompanied by a live webcast on the company's Investor Relations website. A replay will be available one hour after the call ends, and the webcast will be archived.
Ormat Technologies (ORA) was selected on September 24, 2026, for up to approximately $35 million in U.S. Department of Energy funding.
The selections cover two geothermal projects and are subject to completion of award negotiations with the department. Ormat’s Dixie Valley project in Nevada, with SLB and the University of Utah, was selected for up to $25 million. The proposed funding would support the design, drilling, testing and validation of an enhanced geothermal systems project that uses an engineered reservoir beside an existing hydrothermal system.
Ormat’s Cove Fort project in Utah, with the University of Utah, was selected for up to $9.7 million. That funding would support drilling and studies below the surface. The work is designed to improve understanding of how heat and fluids are distributed in carbonate rock formations. Neither funding selection is a completed award.
Ormat Technologies (NYSE: ORA) reported Q2 2026 revenues of $258.8 million, up 10.6% year-over-year, with gross profit rising 20.8% to $68.7 million and Adjusted EBITDA increasing 6.9% to $143.9 million. Net income attributable to stockholders was $27.1 million ($0.43 diluted EPS), slightly below Q2 2025 due to a $6.6 million write-off of storage projects no longer pursued.
Electricity revenues grew 5.8%, Energy Storage revenues surged 195.1% to $42.8 million, while Product revenues declined with gross margin falling to 9.7%. Ormat raised 2026 guidance to total revenues of $1.15–$1.20 billion and Adjusted EBITDA of $630–$650 million, and declared a quarterly dividend of $0.12 per share. The company highlighted a $202.8 million product backlog, 202 MW of generation and 497 MW/1,888 MWh of storage projects under construction and development, progress on two EGS pilot programs, launch of the Ormega100 unit, and key project milestones including the 10 MW Dominica plant and approval to develop the 100 MW/400 MWh Denali storage facility.
Ormat Technologies (NYSE: ORA) will release its second quarter 2026 financial results after market close on Wednesday, August 5, 2026. A conference call to discuss the results is scheduled for 10:00 a.m. ET on Thursday, August 6, 2026, with U.S., Canada, and international dial-in numbers and a live webcast on the Investor Relations website.
Ormat Technologies (NYSE: ORA) introduced the Ormega100, a surface power generation unit described as the industry’s largest binary system, delivering 100 MW from a single autonomous unit. The platform is designed to accelerate commercialization and scaling of Ormat’s Enhanced Geothermal System (EGS) developments.
Ormat highlights 60 years of geothermal operations, management of about 1,835 MW connected to transmission, and roughly 400,000 acres of geothermal leases across six U.S. states, supporting two strategic EGS pilot programs that integrate subsurface development with high-temperature surface power generation.
Ormat Technologies (NYSE: ORA) reported a record Q1 2026 with Total revenues $403.9M (up 75.8% YoY) and Adjusted EBITDA $194.9M (up 29.7% YoY). Adjusted diluted EPS rose to $1.30 (up 91.2%). The company closed a $1.0B convertible notes offering, signed ~270MW of new PPAs, sold Topp 2, acquired Hoku, and reiterated 2026 guidance.
Management highlighted Energy Storage and Product segment strength, progress on EGS initiatives, and a quarterly dividend of $0.12 per share payable June 3, 2026.
Ormat Technologies (NYSE: ORA) will release first quarter 2026 financial results on Wednesday, May 6, 2026 after market close and will host a conference call at 9:00 a.m. ET on Thursday, May 7, 2026.
Dial-in numbers, access code 3818407, live webcast and replay details are provided for investors and will be archived on the company's Investor Relations website.
Ormat Technologies (NYSE: ORA) closed an upsized $1.0 billion private offering of convertible senior notes due March 15, 2031, consisting of $825 million Series A (1.50% coupon) and $175 million Series B (0.00% coupon). The initial conversion price reflected a 30% premium to the stock price at pricing. Series B holders have a repurchase right on March 15, 2027 at 100% principal. Ormat used approximately $287.9 million of net proceeds plus ~$25 million cash and issued ~0.6 million shares to repurchase ~$285.9 million of its 2027 convertible notes; ~$25 million was used to repurchase shares; remaining proceeds for general corporate purposes.
Ormat Technologies (NYSE: ORA) priced upsized private offerings of $725M 1.50% Series A convertible notes due 2031 and $150M 0.00% Series B convertible notes due 2031, with options to purchase up to an additional $125M.
Net proceeds are estimated at $853.6M (or $975.7M if options exercised); proceeds will repurchase 2027 convertible notes and fund share repurchases and general corporate purposes.
Ormat Technologies (NYSE: ORA) announced proposed private offerings of $600 million Series A convertible senior notes and $150 million Series B convertible senior notes due March 15, 2031, with initial purchaser options for up to an additional $90 million and $22.5 million, respectively.
Interest is semiannual; conversion, redemption, repurchase and pricing terms will be set at pricing. The company expects to use proceeds to repurchase portions of its 2027 convertible notes, buy back common stock up to $25 million, and for general corporate purposes.