Welcome to our dedicated page for Kenon Hldgs SEC filings (Ticker: KEN), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
Kenon Holdings Ltd.'s SEC filings document its foreign private issuer reporting as a Singapore holding company focused on OPC Energy Ltd. and power generation operations in Israel and the United States. Its Form 20-F annual reports and Form 6-K current reports include consolidated results, OPC financial information, non-IFRS reconciliations and disclosures on CPV Group.
The filings also cover annual general meeting materials, proxy voting, Singapore statutory financial statements, directors' statements, risk factors and governance matters. Current reports record material-event and capital-structure disclosures involving cash dividends, share repurchases, OPC share issuances, equity compensation registration statements and subsidiary agreements related to power-generation assets and development projects.
Kenon Holdings, through its subsidiary OPC Energy, has arranged project financing and an EPC contract for the Hadera power plant expansion in Israel. The expansion is a combined-cycle natural gas plant with an estimated capacity of about 850 MW, to be built next to the existing Hadera facility.
The project company signed a Finance Agreement with Bank Leumi for a NIS‑denominated loan equivalent to approximately $1.7 billion, at an interest rate of the prime rate plus a spread of 0% to 0.7%. The initial loan term is six years from first drawdown, with a potential extension of up to four additional years, and OPC expects senior debt to cover around 80% of total construction costs.
The loan is backed by a shareholder guarantee from OPC Holdings Israel and wide-ranging collateral over project assets, licenses and agreements, and includes covenants such as a minimum loan life coverage ratio during construction. An EPC Agreement with a joint venture contractor covers turnkey, lump-sum construction, with EPC and key equipment costs together expected to be about 60% of the total estimated construction cost of roughly $1.7–$1.8 billion. Commercial operation is targeted for 2030, but the financing is subject to conditions precedent including tariff approval and permits, and the company highlights multiple construction, regulatory and cost risks.
Kenon Holdings Ltd. has entered into a collar transaction with an investment bank covering 6,000,000 ordinary shares of OPC Energy Ltd., representing approximately 2% of OPC’s outstanding shares held by Kenon.
Before this deal, Kenon owned about 142,000,000 OPC shares, or roughly 46% of the company. The collar combines a purchased put option and a sold call option set around a reference price equal to the U.S. dollar value of NIS 124, giving Kenon downside protection while preserving upside up to the call strike.
The three-year collar can be settled in cash or OPC shares at Kenon’s election, requires no premium payment to the counterparty, and uses the 6,000,000 shares as collateral. It also provides a potential source of liquidity, as Kenon may in certain circumstances borrow against the collar under its terms.
Kenon Holdings Ltd. reports that its subsidiary OPC Energy Ltd. has obtained a building permit for the Hadera 2 project, an 850 MW natural gas-fired power plant adjacent to OPC’s existing Hadera facility, after payment of required levies.
OPC is now working to complete the actions, agreements, and conditions needed for financial closing of Hadera 2. The disclosure emphasizes that plans for the project are forward-looking and subject to risks, including whether the project ultimately proceeds, as outlined in Kenon’s risk factor disclosures.
Kenon Holdings’ subsidiary OPC Energy reports strong operational growth for the three months ended March 31, 2026. Revenue rose to $317 million from $183 million, while EBITDA after proportionate consolidation increased about 10% to $124 million, driven by higher energy margins and capacity prices in the U.S. PJM market and improved results in Israel.
Adjusted net income rose to $33 million from $28 million and adjusted FFO to $75 million from $69 million, even though reported net income declined to $14 million from $25 million as non‑recurring items weighed on results. OPC is advancing large projects including the Ramat Beka 550 MW solar‑plus‑storage project with an expected cost of about $1.4 billion and the Hadera Expansion 850 MW gas plant with an expected cost of about $1.5–$1.6 billion.
To support this pipeline, the company completed a $257 million equity raise and increased its investment commitment in CPV Group by about $502 million. OPC also completed the acquisition of the remaining 30% of the 1,350 MW Basin Ranch project, increased related project debt to about $430 million, refinanced the Valley plant and plans an early partial redemption of about $70 million of Series B debentures. Rating agency Midroog affirmed OPC’s A1.il rating and revised the outlook to positive, while the company notes geopolitical risks from recent Middle East conflicts, which so far have had limited direct financial impact.
Menora Holdings Ltd. reports beneficial ownership of 2,732,924 ordinary shares of Kenon Holdings Ltd., representing 5.24% of the class based on May 11, 2026 outstanding share count. The position comprises holdings by Menora subsidiaries, including 2,432,440.11, 283,415.22, and 17,068.60 ordinary shares held by named entities as of May 7, 2026.
The filing clarifies that some economic interests are held for policyholders or account owners and that Menora Holdings disclaims beneficial ownership beyond its pecuniary interest. Voting and dispositive authority are reported as shared for the stated shares.
Kenon Holdings Ltd. reported the results of its Annual General Meeting of Shareholders held on May 14, 2026. A quorum was present, meaning enough shares were represented to conduct official business.
All director nominees listed in proposals 1(a) to 1(j) were re-elected, and shareholders approved proposals 2 through 5. Kenon refers investors to its earlier Form 6-K furnished on April 23, 2026 for full details of these proposals.
Clal Insurance Enterprises Holdings Ltd. filed an amended Schedule 13G reporting beneficial ownership of 4,039,736 Ordinary Shares of Kenon Holdings Ltd. The filing states this equals 7.8% of the class, calculated using 52,108,397 Ordinary Shares outstanding as of March 31, 2026.
The filer explains 28,553 shares are held for its own account (the "Nostro Shares") and 4,011,183 shares are held by third‑party accounts managed by Clal subsidiaries that exercise independent voting and investment authority. Signatures attest to the amendment.
Kenon Holdings Ltd. amendment reports that Harel Insurance Investments & Financial Services Ltd. beneficially holds 1,533,666 ordinary shares, representing 3.0% of the class based on March 31, 2026 outstanding shares. The filing clarifies the Reporting Person ceased to hold more than 5% and corrects a prior amendment.
Harel Insurance Investments & Financial Services Ltd. amended a Schedule 13G to report beneficial ownership of 1,533,666 Ordinary Shares of Kenon Holdings Ltd. The filing states this represents 3.0% of the class based on 52,108,397 Ordinary Shares outstanding as of March 31, 2026. The shares are held for public clients through funds and policies managed by subsidiaries that exercise independent voting and investment authority.