ORA

EX-99.1

2 ex_999557.htm

EXHIBIT 99.1

ex_999557.htm

Exhibit 99.1

Ormat Technologies Contact:

Smadar Lavi

VP Head of IR and ESG Planning & Reporting

775-356-9029 (ext. 65726)

slavi@ormat.com

Investor Relations Agency Contact:

Joseph Caminiti or Josh Carroll

Alpha IR Group

312-445-2870

ORA@alpha-ir.com

ORMAT TECHNOLOGIES REPORTS SECOND QUARTER 2026 FINANCIAL RESULTS

CONTINUED EXECUTION ON ORMAT'S GROWTH STRATEGY DROVE DOUBLE-DIGIT REVENUE GROWTH WHILE ADVANCING EGS DEVELOPMENT

HIGHLIGHTS

●

CONTINUED STRONG OPERATING PERFORMANCE DROVE 10.6% REVENUE GROWTH, 20.8% GROSS PROFIT GROWTH AND 6.9% GROWTH IN ADJUSTED EBITDA

●

ENERGY STORAGE REVENUES NEARLY TRIPLED YEAR-OVER-YEAR, BENEFITING FROM FAVORABLE MERCHANT PRICING AND NEW CAPACITY ADDITIONS

●

ADVANCED THE COMPANY'S EGS STRATEGY THROUGH CONTINUED EXECUTION OF TWO PILOT PROGRAMS AND THE INTRODUCTION OF THE ORMEGA100 SURFACE GENERATION UNIT

●

ORMAT INCREASES ITS FULL-YEAR REVENUE AND ADJUSTED EBITDA GUIDANCE

RENO, Nev., August 5, 2026 - Ormat Technologies, Inc. (NYSE: ORA) (the “Company” or “Ormat”), a leading geothermal and renewable energy company, today announced financial results for the second quarter ended June 30, 2026.

KEY FINANCIAL RESULTS

Q2 2026

Q2 2025

Change (%)

H1 2026

H1 2025

Change (%)

GAAP Measures

Revenues ($ millions)

Electricity

169.3

159.9

5.8 %

350.9

340.2

3.1 %

Product

46.7

59.6

(21.6 )%

224.1

91.4

145.3 %

Energy Storage

42.8

14.5

195.1 %

87.7

32.2

172.0 %

Total Revenues

258.8

234.0

10.6 %

662.7

463.8

42.9 %

Gross Profit

68.7

56.9

20.8 %

189.1

129.8

45.6 %

Gross margin (%)

Electricity

23.7 %

24.2 %

27.4 %

29.1 %

Product

9.7 %

27.7 %

19.0 %

25.8 %

Energy Storage

56.2 %

11.9 %

57.7 %

22.2 %

Gross margin (%)

26.5 %

24.3 %

28.5 %

28.0 %

Operating income ($ millions)

34.2

35.3

(3.2 )%

114.5

86.2

32.7 %

Net income attributable to the Company’s stockholders

27.1

28.0

(3.4 )%

71.2

68.4

4.0 %

Diluted EPS ($)

0.43

0.46

(6.5 )%

1.14

1.12

1.8 %

Non-GAAP Measures

Adjusted Net income attributable to the Company’s stockholders

31.0

29.1

6.5 %

111.3

70.6

57.6 %

Adjusted Diluted EPS ($)

0.50

0.48

4.2 %

1.79

1.16

54.3 %

Adjusted EBITDA1 ($ millions)

143.9

134.6

6.9 %

338.8

284.9

18.9 %

1 See reconciliation table below

“Our second quarter results reflect the continued successful execution of our diversified growth strategy. We delivered double-digit revenue growth while expanding gross profit by more than 20%, reflecting the strength and balance of our three operating segments. Based on our strong first-half performance and positive momentum across our business, we are raising our full-year 2026 revenue and Adjusted EBITDA guidance," said Doron Blachar, Chief Executive Officer of Ormat.

Blachar continued, "Our Electricity segment built on its growth momentum during the quarter, driven by contributions from our Blue Mountain geothermal power plant acquired in June 2025, improved performance at our Olkaria and Puna power plants, and lower curtailments in the USA compared to the prior-year period. Our Energy Storage segment delivered another outstanding quarter, with revenues increasing nearly threefold year-over-year. The combination of new capacity additions, high asset availability and favorable merchant pricing highlights the value of our strategy of combining long-term contracted revenues with selective merchant exposure to maximize returns while maintaining disciplined risk management."

Blachar added, "Beyond our strong quarterly results, we continue to execute on the projects that will drive our growth. Since the start of the year, we expanded our generation portfolio by 155 MW with the addition of the Hoku solar and energy storage facility, the Shirk energy storage facility, the completion of the 5 MW Cove Fort upgrade and the recent commencement of commercial operations at our 10 MW Dominica geothermal power plant. Today, we have 202 MW of electricity generation projects under construction and development, all backed by long-term PPAs, together with 497 MW / 1,888 MWh of energy storage projects under construction and development, providing strong visibility into our continued growth. Combined with increasing demand for reliable renewable electricity and improving power pricing, these developments reinforce our confidence in achieving our long-term growth objectives."

EGS UPDATE

Blachar commented, “We continued to make significant progress on our EGS strategy during the quarter. On the subsurface side, we advanced both the SLB and Sage Geosystems pilot projects toward field execution, with each partnership taking concrete steps toward commercial-scale validation. At the Desert Peak project with SLB, we completed geophysical data acquisition, updated the subsurface model, advanced permitting and procurement of long-lead materials, and entered the final stages of vendor selection ahead of planned drilling in the fourth qu

ora20260506_8k.htm

false 0001296445

0001296445

2026-05-06 2026-05-06

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 6, 2026 (May 6, 2026)

Ormat Technologies, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-32347

No. 88-0326081

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

6884 Sierra Center Parkway, Reno, Nevada

89511

(Address of Principal Executive Offices)

(Zip Code)

(775) 356-9029

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Shares

ORA

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On May 6, 2026 Ormat Technologies, Inc. (the “Registrant”) reported its earnings for its fourth fiscal quarter ended March 31, 2026. A copy of the Registrant's press release containing this information is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The Registrant is making reference to non-GAAP financial measures in the press release. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

Item 9.01.     Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Description of Document

99.1

Press release of the Registrant dated May 6, 2026, containing financial information for its first fiscal quarter ended March 31, 2026.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ORMAT TECHNOLOGIES, INC.

By:

/s/ Doron Blachar

Name:    Doron Blachar

Title:      Chief Executive Officer

Date: May 6, 2026

ora20260225_8k.htm

false 0001296445

0001296445

2026-02-25 2026-02-25

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d)

of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): February 25, 2026 (February 25, 2026)

Ormat Technologies, Inc.

(Exact Name of Registrant as Specified in Its Charter)

Delaware

001-32347

No. 88-0326081

(State or Other Jurisdiction of Incorporation)

(Commission File Number)

(I.R.S. Employer Identification No.)

6884 Sierra Center Parkway, Reno, Nevada

89511

(Address of Principal Executive Offices)

(Zip Code)

(775) 356-9029

(Registrant’s Telephone Number, Including Area Code)

Not Applicable

(Former Name or Former Address, if Changed Since Last Report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Exchange Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Common Shares

ORA

NYSE

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13 (a) of the Exchange Act. ☐

Item 2.02. Results of Operations and Financial Condition.

On February 25, 2026 Ormat Technologies, Inc. (the “Registrant”) reported its earnings for its fourth fiscal quarter ended December 31, 2025. A copy of the Registrant's press release containing this information is furnished as Exhibit 99.1 to this report on Form 8-K and is incorporated herein by reference.

The information furnished pursuant to this Item 2.02, including Exhibit 99.1, shall not be deemed “filed” for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to the liabilities under that Section, or incorporated by reference in any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as shall be expressly set forth by specific reference in such a filing.

The Registrant is making reference to non-GAAP financial measures in the press release. A reconciliation of these non-GAAP financial measures to the comparable GAAP financial measures is contained in the attached press release.

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits

Exhibit

Description of Document

99.1

Press release of the Registrant dated February 25, 2026, containing financial information for its fourth fiscal quarter ended December 31, 2025.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

ORMAT TECHNOLOGIES, INC.

By:

/s/ Doron Blachar

Name: Doron Blachar

Title: Chief Executive Officer

Date: February 25, 2026