NYSE$KEN
Kenon Holdings Ltd · Q2 2025 earnings
Q2 2025 earnings · · Before market open · Investor relations
Briefing
Kenon Q2 2025: OPC revenue rises 8% to $196M as adjusted EBITDA jumps 36% to $90M
Kenon Holdings reported Q2 2025 results through subsidiary OPC Energy, with revenue rising to $196 million from $181 million a year ago on stronger Israeli infrastructure services and U.S. retail electricity sales. OPC posted profit of $1 million versus a $7 million loss in Q2 2024, while adjusted EBITDA including associated companies climbed to $90 million from $66 million. Israel revenue reached $153 million and U.S. revenue $43 million. Kenon also highlighted OPC equity raises totaling roughly $506 million in June and August 2025, Israeli government approval of the 850 MW Hadera 2 project, and Kenon stand-alone cash of about $560 million.
- OPC Q2 revenue rose to $196M from $181M YoY, with Israel at $153M and the U.S. at $43M
- OPC profit was $1M vs a $7M loss in Q2 2024; adjusted EBITDA including associates reached $90M vs $66M
- OPC raised NIS 1.75B (~$506M) via share offerings in June and August; Kenon now holds ~49.8% of OPC
- Israeli government approved the 850 MW Hadera 2 natural gas plant; estimated build cost $1.3B–$1.5B
- Kenon stand-alone cash was ~$560M with no material debt at the holding company level
Headline financials
Revenue & EPS history
Kenon · Revenue · Quarterly
$196M
Revenue by segment
Kenon · $196M total across 2 segments · Q2 2025
- Israel$153M—78.1%
- United States$43M—21.9%
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 9 quarterly earnings reports · overlaid with Q2 2025
+1.4%
Avg return
Earnings day
+2.3%
Avg return
5 days after
+2.7%
Avg return
30 days after
82%
9 / 11 earnings
Positive
+6.0%
Q1 2024
Best reaction
-2.1%
Q3 2023
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -1.3% | -11.4% | — | |
| Q4 2026 | +2.4% | +7.9% | +2.6% | |
| Q3 2025 | +0.3% | -1.9% | +8.1% | |
| Q2 2025 | +0.1% | +3.9% | +3.7% | |
| Q4 2024 | +3.0% | +6.0% | +17.5% | |
| Q3 2024 | +0.8% | +0.2% | +3.6% | |
| Q2 2024 | +1.0% | +6.3% | +8.8% | |
| Q1 2024 | +6.0% | +6.7% | -0.5% | |
| Q4 2023 | +4.2% | +7.4% | +1.5% | |
| Q3 2023 | -2.1% | -2.4% | -20.8% | |
| Q2 2015 | +1.6% | — | — | |
| Q3 2014 | — | — | — | |
| Q2 2014 | — | — | — | |
| Q1 2014 | — | — | — | |
| Q4 2013 | — | — | — | |
| Q3 2013 | — | — | — | |
| Q2 2013 | — | — | — | |
| Q1 2013 | — | — | — |
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