Ormat Technologies 2025 Q3 Earnings Revenue Surges 17.9% as Guidance Raised

Ormat Technologies (ORA) delivered robust Q3 2025 results, with total revenue rising 17.9% to $249.73 million, surpassing estimates and prompting an upward revision to its full-year revenue guidance. The company also reported a 1.7% increase in net income, reflecting strong operational execution and segment growth.

Revenue

Ormat’s revenue surge was driven by outperformance across core segments. The Electricity segment generated $167.11 million, bolstered by the Blue Mountain acquisition and improved Dixie Valley operations. The Product segment surged 66.6% to $62.25 million, while Energy Storage revenue more than doubled to $20.37 million, fueled by new facilities and higher market prices. Gold and Copper & Gold concentrate sales contributed $180.74 million and $63.33 million, respectively. Total revenues reached $249.73 million, with provisional prices and other revenue streams adding $1.81 million and $1.96 million.

Earnings/Net Income

Earnings per share (EPS) rose 8.1% to $0.40, while net income climbed to $24.71 million, a 1.7% year-over-year increase. The EPS growth underscores the company’s profitability expansion, supported by higher revenues and operational efficiencies.

Post-Earnings Price Action Review

Following the earnings release, Ormat’s stock edged down 0.23% in the latest trading day but surged 9.17% over the past week and 9.47% month-to-date. The Zacks Rank #4 (Sell) reflects a bearish outlook despite the earnings beat, as revised estimates and industry fundamentals suggest potential underperformance. However, the company’s raised guidance and strong revenue growth could stabilize investor sentiment in the near term.

CEO Commentary

CEO Gregory L. Hambrecht highlighted the Q3 performance, emphasizing operational execution and the successful ramp-up of projects. The company’s strategic focus on geothermal expansion and energy storage positions it to capitalize on growing renewable energy demand.

Guidance

Ormat raised its 2025 revenue guidance to $960–$980 million and expects adjusted EBITDA of $575–$593 million, reflecting confidence in sustained demand from data centers and energy storage projects.

Additional News

Recent strategic moves include the acquisition of the Blue Mountain geothermal plant in Nevada, enhancing capacity and cost efficiency. Ormat also secured two 40 MW geothermal licenses in Indonesia through partnerships with PLN, expanding its international footprint. Additionally, collaborations with SLB and Sage Geosystems aim to advance Enhanced Geothermal Systems (EGS) technology, with pilot projects expected to accelerate commercialization. These initiatives align with Ormat’s long-term goals to lead in sustainable energy solutions.

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