NYSE$KEN
Kenon Holdings Ltd · Q3 2025 earnings
Q3 2025 earnings · · Before market open · Investor relations
Briefing
Kenon reported strong results in Q3 2025 with notable revenue and profit growth driven by its subsidiary OPC Energy.
Kenon Holdings delivered a solid quarter, with a significant boost in net income and adjusted EBITDA largely from OPC's performance in the U.S. and Israel. The company also benefited from increased share in profits from CPV and ongoing strategic expansions.
- Kenon's net income reached $69 million in Q3 2025, up from $23 million in Q3 2024.
- Revenue grew to $265 million, reflecting gains in both Israeli infrastructure and U.S. retail energy markets.
- OPC's adjusted EBITDA rose to $156 million from $108 million year-over-year.
- OPC completed key strategic moves including a private share placement and bond issuance totaling $240 million.
Headline financials
Revenue & EPS history
Kenon · Revenue · Quarterly
$265M
Revenue by segment
Kenon · $196M total across 2 segments · Q2 2025
- Israel$153M—78.1%
- United States$43M—21.9%
Forward guidance
Kenon anticipates further growth as it consolidates strategic assets and expands power generation in the U.S. via the Basin Ranch Project and CPV acquisitions.
Tailwinds
- Construction of 1.35 GW Basin Ranch Project has commenced.
- OPC acquired remaining 30% of Basin Ranch Project from GE Vernova.
- Agreement to acquire remaining 11% of CPV Shore will enable consolidation.
- Successful issuance of $140 million in bonds supports expansion.
- Private placement raised $100 million to fund strategic initiatives.
Headwinds
- Temporary shutdown of natural gas reservoirs impacted Israeli operations.
- Electricity sales to private customers in Israel dropped due to reduced tariffs and consumption.
- Geopolitical tensions in Israel disrupted energy supply and demand.
- Deconsolidation of CPV Renewable reduced renewable energy revenue.
- Continued exposure to FX fluctuations and interest rate changes.
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 Q3 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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