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                                    What drove KEN's EPS surge in 2023?
                                </h1> <div class="user_slot" data-v-0eba195e=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/default_aime_user.ec532c9.png" alt="user" class="avatar" data-v-0eba195e=""> <span class="user_desction" data-v-0eba195e="">
                                        
                                        4/8/2025 05:10pm
                                    </span></div></div></div> <div class="seo-text-answer" data-v-0eba195e="">Kenon Holdings' EPS surged from $5.8 in 2022 to -$4.42 in 2023, primarily due to the following factors:

1. **ZIM Integrated Shipping Ltd.'s Performance**: Kenon Holdings owns a 21% stake in ZIM Integrated Shipping Ltd. and has a majority (59%) equity interest in OPC Energy. ZIM reported a net loss in Q3 2023 of $2.3 billion, as compared to a net profit of $1.2 billion in Q3 2022. This significant decline in ZIM's financial performance negatively impacted Kenon's consolidated results.
2. **OPC Energy Ltd.'s Performance**: OPC's net profit in Q3 2023 was $27 million, as compared to a net profit of $33 million in Q3 2022. Although OPC showed improvement, the overall contribution to Kenon's consolidated results is influenced by ZIM's performance, which had a more substantial impact due to its majority stake in OPC.

In conclusion, the decline in ZIM's financial performance and, by extension, Kenon's consolidated results, primarily drove the negative EPS surge in 2023.</div> <div class="dialog_answer" data-v-0eba195e=""><div class="dialog_content" data-v-0eba195e=""><div class="answer_content" data-v-0eba195e=""></div></div></div></div></div> </div></div></div> </div> <div class="extra-module" data-v-261d488f=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/recommend-logo.4f9ccc8.png" alt="right-logo" fetchpriority="high" class="recommend-logo-img" data-v-261d488f=""> <div class="recommend-part" data-v-7790c618="" data-v-261d488f=""><div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/screener-recommend-icon.b007ca8.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime finds your next big stock</span></div> </div> <div class="recommend-query-card" data-v-8359219a="" data-v-7790c618=""><div class="title" data-v-8359219a=""><img src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/img/stock-recommend-icon.77f1c78.svg" alt="icon" data-v-8359219a=""> <span data-v-8359219a="">Aime powers your decisions</span></div> </div></div> </div> <div class="container-mask" style="display:none;"></div></div></div></div><script>window.__NUXT__=(function(a,b,c,d,e,f,g,h,i,j,k,l,m,n,o,p,q,r,s,t,u,v,w,x,y,z,A,B,C,D,E,F,G,H,I,J,K,L,M,N,O,P,Q,R,S,T,U,V,W,X,Y,Z,_,$,aa,ab,ac,ad,ae,af,ag,ah,ai,aj,ak,al,am,an,ao,ap,aq,ar,as,at){return {layout:"default",data:[{noData:c,currentQuestion:e,textDescription:F,comeFrom:"AInvestShareLink",events:[],answerSource:m}],fetch:{},error:n,state:{sharePreviewModule:{loadJgySuccess:j,dialogRenderList:[{originAnswer:{input_media_info:[],session_round:1,agent_id:a,output_media_info:[],task_id:a,language:a,source:m,cache_builder:a,reply_action:"Answer",execute_mode:y,event_refresh_answer:a,param:"{\"entity_info\":{},\"add_info\":{\"ori_question\":\"What drove KEN's EPS surge in 2023?\"},\"event_list\":[],\"client_ip\":\"\",\"question\":\"What drove KEN's EPS surge in 2023?\",\"user_id\":\"dp90541712\",\"user_name\":\"\",\"trace_id\":\"5251ddab-5b27-447c-8964-6ab6252d7798\",\"session_id\":\"5251ddab-5b27-447c-8964-6ab6252d7798\",\"source\":\"ths_ainvest_lite_web\",\"input_type\":\"typewrite\"}",agent_info:[{info_type:"search",raw_data:{number:G,title:H,summary:I,full_summary:"SINGAPORE, Nov. 29, 2023 \u002FPRNewswire\u002F -- Kenon Holdings Ltd. (NYSE: KEN) (TASE: KEN) (\"Kenon\") announces its results for Q3 2023 and additional updates. Q3 and Recent Highlights Kenon Kenon has obtained a final arbitration award in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. (\"IC Power\") in an arbitration proceeding against the Republic of Peru (\"Peru\") under the Free Trade Agreement between Singapore and Peru, awarding $110.7 million in damages, of which approximately $45 million will be attributable to Kenon, not including the award for fees and costs and pre- and post-award interest. The award is subject to tax. OPC Financial results: OPC's net profit in Q3 2023 was $27 million, as compared to a net profit of $33 million in Q3 2022. OPC's Q3 2023 net profit included its share in profit of CPV of $21 million as compared to $37 million in Q3 2022. OPC's Adjusted EBITDA[1] (including proportionate share in Adjusted EBITDA1 of associated companies) in Q3 2023 was $104 million as compared to $78 million in Q3 2022. ZIM Financial results2: ZIM reported a net loss in Q3 2023 of $2.3 billion, as compared to net profit of $1.2 billion in Q3 2022, which included a non-cash impairment of $2.1 billion. ZIM reported Adjusted EBITDA1 in Q3 2023 of $211 million, as compared to $1.9 billion in Q3 2022. Discussion of Results for the Three Months ended September 30, 2023 Kenon's consolidated results of operations from its operating companies essentially comprise the consolidated results of OPC Energy Ltd (\"OPC\"). Our share of the results of ZIM Integrated Shipping Ltd. (\"ZIM\") are reflected under results from associated companies. See Exhibit 99.2 of Kenon's Form 6-K dated November 29, 2023 for a summary of Kenon's consolidated financial information; a summary of OPC's consolidated financial information; a reconciliation of OPC's EBITDA and Adjusted EBITDA (including proportionate share in Adjusted EBITDA of associated companies) (which is a non-IFRS measure) to n",url:J,image_url:a,video_url:a,publish_time:K,search_extra_info:{search_burial_info:{id:o,uid:o,ab:{scene_id:L,layer_exp:[{layer_id:M,exp_id:N}]}}},simhash:"19df6cf76da7689a",msg_id:o}}],answer_chain_name:O,agent_mode:P,native_answer:a,come_from:a,text_answer:F,trace_id:f,cost:17691,event_names:a,question:e,fallback_type:Q,input_type:R,fall_back_reason:{fall_back_type:Q,risk_detail:{matched_words:[]}},session_id:f,first_return_cost:4014,cache_type:a,question_id:f,transfer_question:e,signal_type:"ON_COMPLETE",start_time:S,remote_svc:m,slots:[],answer_type:y,user_id:u,skill_name:z},renderList:[{type:"base_info",answer_path:"logs\u002FbaseInfo",logs:[],base_info:{trace_id:f,session_id:f,user_id:u,question:e,source:m,raw_question:e,version:"3.4.1",action_name:z,nlu:{entity:[{type:A,value:"KEN.N",market:B}]},deep_research:c,deep_thinking:c,agent_mode:P},extra:{}},{answer_path:g,section:{id:h,info_texts:["Thinking"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"begin"},logs:[],extra:{is_deep_research:c,deep_thinking:c}},{answer_path:g,section:{id:h,info_texts:["Querying Stock: KEN EPS in 2022"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:v},logs:[],extra:{action:T,action_input:"KEN EPS in 2022",thought:w}},{answer_path:g,section:{id:h,info_texts:["Querying Stock: KEN EPS in 2023"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:v},logs:[],extra:{action:T,action_input:"KEN EPS in 2023",thought:w}},{answer_path:g,section:{id:h,info_texts:["Reading News: KEN EPS News in 2022"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:v},logs:[],extra:{action:U,action_input:"KEN EPS News in 2022",thought:w}},{answer_path:g,section:{id:h,info_texts:["Reading News: KEN EPS News in 2023"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:v},logs:[],extra:{action:U,action_input:"KEN EPS News in 2023",thought:w}},{answer_path:d,section:{id:V,info_texts:[],show_type:C,choice:[],result_page:{},tag_info_list:[],is_last:b},logs:[],extra:{}},{answer_path:d,section:{id:V,info_texts:[],show_type:C,choice:[],result_page:{},tag_info_list:[],is_last:b},logs:[],extra:{}},{answer_path:g,section:{id:h,info_texts:["Generating Answer"],show_type:i,choice:[],result_page:{},tag_info_list:[],is_last:b,status:"ongoing"},logs:[],extra:{}},{answer_path:d,section:{id:k,info_texts:[],show_type:p,voice_txt:"Ken",text_answer:W,rich_text:W,choice:[],result_page:{},tag_info_list:[],is_last:b},logs:[],extra:{}},{answer_path:d,section:{id:X,info_texts:[],show_type:Y,choice:[],result_page:{},tag_info_list:[{stock_info:{code:"KEN",market_id:B,name:Z,domain:A},pos:j,section_id:k,txt:Z,jump_type:_}],is_last:b},logs:[],extra:{}},{answer_path:d,section:{id:k,info_texts:[],show_type:p,voice_txt:".",text_answer:$,rich_text:$,choice:[],result_page:{},tag_info_list:[],is_last:b},logs:[],extra:{}},{answer_path:d,section:{id:2000,info_texts:[],show_type:p,voice_txt:a,text_answer:a,rich_text:a,choice:[],result_page:{},tag_info_list:[{url:J,image_url:a,video_url:a,title:H,summary:I,index:G,publish_time:K,search_id:o,search_uid:o,search_ab:{scene_id:L,layer_exp:[{layer_id:M,exp_id:N}]},jump_type:"normal"}],is_last:b},logs:[],extra:{}},{answer_path:d,section:{id:k,info_texts:[],show_type:p,voice_txt:". 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drove KEN's EPS surge in 2023?","5251ddab-5b27-447c-8964-6ab6252d7798","progress\u002Fsearching_for",1000,"searching_for",0,2001,"llm_generated","ths_ainvest_lite_web",null,"2d6530ea5c94f2e8","rich_text","What are KEN's primary revenue sources and how did they perform in 2023?","How has KEN's management guided expectations for future earnings growth?","What are the current analyst ratings and price targets for KEN's stock?","STR","dp90541712","thinking","The user wants to analyze why KEN's EPS increased significantly in 2023. I should focus on KEN's EPS data in 2022 and 2023, and the latest news behind its EPS. I will use FinQuery for the data mentioned above; use StockNews for the news.","auto","agent","explain news events","stock","169","signal","39196","\u002F\u002Fcdn.ainvest.com\u002FfrontResources\u002Fs\u002Ffoiegras\u002FrecommendList\u002F1.12.0\u002FrecommendList@1.12.0index.js","Kenon Holdings' EPS surged from $5.8 in 2022 to -$4.42 in 2023, primarily due to the following factors:\n\n1. **ZIM Integrated Shipping Ltd.'s Performance**: Kenon Holdings owns a 21% stake in ZIM Integrated Shipping Ltd. and has a majority (59%) equity interest in OPC Energy. ZIM reported a net loss in Q3 2023 of $2.3 billion, as compared to a net profit of $1.2 billion in Q3 2022. This significant decline in ZIM's financial performance negatively impacted Kenon's consolidated results.\n2. **OPC Energy Ltd.'s Performance**: OPC's net profit in Q3 2023 was $27 million, as compared to a net profit of $33 million in Q3 2022. Although OPC showed improvement, the overall contribution to Kenon's consolidated results is influenced by ZIM's performance, which had a more substantial impact due to its majority stake in OPC.\n\nIn conclusion, the decline in ZIM's financial performance and, by extension, Kenon's consolidated results, primarily drove the negative EPS surge in 2023.",8,"Kenon Holdings Reports Q3 2023 Results and Additional Updates","SINGAPORE, Nov. 29, 2023 \u002FPRNewswire\u002F -- Kenon Holdings Ltd. (NYSE: KEN) (TASE: KEN) (\"Kenon\") announces its results for Q3 2023 and additional updates. Q3 and Recent Highlights Kenon Kenon has obtained a final arbitration award in favor of Kenon and its wholly-owned subsidiary IC Power Ltd. (\"IC Po...","https:\u002F\u002Fwww.prnewswire.com\u002Fnews-releases\u002Fkenon-holdings-reports-q3-2023-results-and-additional-updates-302000628.html","2023-11-29","oeqxkhszf","oeqxkhszf_layer","base","agent_common_v2\nagent-summary","normal_agent","NONE","typewrite",1744103400106,"Querying Stock","Reading News",999,"Kenon Holdings' EPS surged from $5.8 in 2022 to -$4.42 in 2023, primarily due to the following factors:\n\n1",1001,"fenshi","Kenon Holdings","pos_fenshi",". **ZIM Integrated Shipping Ltd.'s Performance**: Kenon Holdings owns a 21% stake in ZIM Integrated Shipping Ltd. and has a majority (59%) equity interest in OPC Energy. ZIM reported a net loss in Q3 2023 of $2.3 billion, as compared to a net profit of $1.2 billion in Q3 2022[^8]",". This significant decline in ZIM's financial performance negatively impacted Kenon's consolidated results.\n2. **","ZIM Integrated Shipping","OPC Energy Ltd.'s Performance**: OPC's net profit in Q3 2023 was $27 million, as compared to a net profit of $33 million in Q3 2022[^8]. Although OPC showed improvement, the overall contribution to Kenon's consolidated results is influenced by ZIM's performance, which had a more substantial impact due to its majority stake in OPC.\n\nIn conclusion, the decline in ZIM's financial performance and, by extension, Kenon's consolidated results, primarily drove the negative EPS surge in 2023.","2+679_496_21_554+0+0+5251ddab-5b27-447c-8964-6ab6252d7798+5a07d65ea30fac8f913ae6605b7b2285+llm_generated+aimeTagAnalysis+0+0.1282760500907898+1","2+679_496_21_554+0+0+5251ddab-5b27-447c-8964-6ab6252d7798+34d22572183778f18bbbda9344900719+llm_generated+aimeTagAnalysis+0+0.09103181958198547+2","2+679_496_21_554+0+0+5251ddab-5b27-447c-8964-6ab6252d7798+b49795d7600c1bf25310ba1986a87aef+llm_generated+aimeTagAnalysis+0+0.08774928748607635+3",3,"recommend_query_list","ztxxx06c0a024223920bbbeb1e0926","send_text","item_type","rec_info","display_text","rec_reason","root","relative","iwencai\u002FrecommendList0326","aigc",Array(0),"\u002F"));</script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/b929a16.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/28ccbec.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/d9802b5.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/2077034.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/1e0f8d6.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/7a5f495.js" defer=""></script><script src="//cdn.ainvest.com/frontResources/s/iwc-aime-seo/921844b.js" defer=""></script>