NYSE$ORA
Ormat Technologies Inc. · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Ormat Technologies reported strong first quarter results driven by growth in the electricity segment.
Ormat Technologies reported a 10.4% year-over-year increase in total revenues for Q1 2022, driven by the Electricity segment. Net income attributable to the company's stockholders grew by 20.8% year-over-year, and adjusted EBITDA increased by 8.7%. The company is on track to increase its combined geothermal, energy storage, and solar generating portfolio to more than 1.5 GW by 2023 and deliver an annual Adjusted EBITDA of $500 million on a run-rate basis towards the end of 2022.
- Total revenues for the first quarter increased by 10.4% year-over-year, led by the Electricity segment.
- Net income attributable to the company’s stockholders grew 20.8% year-over-year.
- Adjusted EBITDA grew 8.7% year-over-year.
- Product segment backlog stands at $45.7 million as of May 2, 2022.
Headline financials
Revenue & EPS history
Ormat · Revenue · Quarterly
$184M
Revenue by segment
Ormat · $191M total across 3 segments · Q1 2022
- Electricity$170M+19.4%88.9%
- Product$14.6M+69.8%7.6%
- Energy Storage$6.6M-48.0%3.5%
Forward guidance
Ormat anticipates total revenues between $710 million and $735 million, electricity segment revenues between $630 million and $640 million, product segment revenues between $50 million and $60 million, energy storage revenues between $30 million and $35 million, and adjusted EBITDA between $430 million and $450 million.
Tailwinds
- Total revenues of between $710 million and $735 million
- Electricity segment revenues between $630 million and $640 million, adjusted down by $15 million due to the expected impact from Heber 1 shutdown following February fire.
- Product segment revenues of between $50 million and $60 million
- Energy Storage revenues of between $30 million and $35 million
- Adjusted EBITDA to be between $430 million and $450 million, including $15.0 million for insurance proceeds
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.2%
Avg return
Earnings day
-0.7%
Avg return
5 days after
+1.0%
Avg return
30 days after
56%
37 / 66 earnings
Positive
+11.1%
Q2 2019
Best reaction
-16.8%
Q2 2011
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +6.4% | +9.8% | +22.0% | |
| Q4 2025 | -9.3% | -9.4% | -4.3% | |
| Q3 2025 | +1.1% | +5.2% | +4.1% | |
| Q1 2025 | +2.3% | +1.5% | +7.6% | |
| Q4 2024 | +1.0% | +1.9% | +3.3% | |
| Q3 2024 | +1.5% | +2.4% | -3.5% | |
| Q2 2024 | -0.4% | -0.4% | +1.3% | |
| Q1 2024 | +1.3% | +3.8% | +8.7% | |
| Q4 2023 | -4.3% | -4.5% | -0.8% | |
| Q3 2023 | -2.9% | -8.4% | +9.7% | |
| Q2 2023 | -2.6% | -1.9% | -4.3% | |
| Q1 2023 | -1.4% | -0.8% | +3.7% | |
| Q4 2022 | -7.5% | -5.3% | -9.1% | |
| Q3 2022 | +7.2% | +11.8% | +0.8% | |
| Q2 2022 | +3.3% | +2.4% | +5.1% | |
| Q1 2022 | +0.8% | +0.1% | +7.6% | |
| Q4 2021 | +7.5% | +10.3% | +22.0% | |
| Q3 2021 | +3.4% | +5.8% | +4.8% | |
| Q2 2021 | -1.9% | -6.5% | +0.4% | |
| Q1 2021 | +0.3% | -5.4% | -1.8% | |
| Q4 2020 | -12.6% | -18.1% | -27.2% | |
| Q3 2020 | -6.3% | +4.6% | +5.7% | |
| Q2 2020 | +2.1% | +1.6% | +0.2% | |
| Q1 2020 | +8.3% | +3.7% | +12.7% | |
| Q4 2019 | -12.8% | -16.3% | -19.8% | |
| Q3 2019 | +1.0% | -1.4% | +0.9% | |
| Q2 2019 | +11.1% | +9.7% | +11.5% | |
| Q1 2019 | +3.2% | +4.5% | +3.9% | |
| Q4 2018 | -5.1% | -1.4% | -2.8% | |
| Q3 2018 | -2.9% | -3.3% | -1.2% | |
| Q2 2018 | -6.9% | -3.1% | -1.2% | |
| Q1 2018 | -7.1% | -5.4% | -14.1% | |
| Q4 2017 | -9.4% | -11.6% | -9.9% | |
| Q3 2017 | -2.6% | -2.8% | -2.8% | |
| Q2 2017 | -4.3% | -5.1% | -5.3% | |
| Q1 2017 | -0.7% | -1.8% | +2.8% | |
| Q4 2016 | +4.3% | +2.1% | +0.6% | |
| Q3 2016 | -0.0% | -1.7% | +3.4% | |
| Q2 2016 | +5.7% | +4.4% | +5.9% | |
| Q1 2016 | +1.6% | — | — | |
| Q4 2015 | +3.0% | — | — | |
| Q3 2015 | +0.7% | — | — | |
| Q2 2015 | -5.6% | — | — | |
| Q1 2015 | +0.2% | — | — | |
| Q4 2014 | +4.1% | — | — | |
| Q3 2014 | -0.8% | — | — | |
| Q2 2014 | -3.5% | — | — | |
| Q1 2014 | +8.1% | — | — | |
| Q4 2013 | +3.7% | — | — | |
| Q3 2013 | +2.3% | — | — | |
| Q2 2013 | +4.6% | — | — | |
| Q1 2013 | +1.6% | — | — | |
| Q4 2012 | -5.7% | — | — | |
| Q3 2012 | -3.6% | — | — | |
| Q2 2012 | +9.4% | — | — | |
| Q1 2012 | +8.8% | — | — | |
| Q4 2011 | +2.1% | — | — | |
| Q3 2011 | -0.5% | — | — | |
| Q2 2011 | -16.8% | — | — | |
| Q1 2010 | +2.1% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2008 | -1.2% | — | — | |
| Q4 2010 | -1.2% | — | — | |
| Q3 2010 | +0.1% | — | — | |
| Q4 2009 | +0.7% | — | — | |
| Q2 2010 | +0.7% | — | — |
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