NYSE$ORA
Ormat Technologies Inc. · Q3 2023 earnings
Q3 2023 earnings · · Investor relations
Briefing
Ormat Technologies experienced growth in revenue, adjusted EBITDA, and net income, driven by portfolio expansion.
Ormat Technologies reported an 18.3% increase in total revenues, a 15.8% increase in adjusted EBITDA, and a 50.4% increase in adjusted net income attributable to the Company's stockholders compared to the prior year period. This growth was driven by expansion across all three operating segments.
- Total revenues increased by 18.3% year over year, with growth across all three operating segments.
- Net income attributable to the Company's stockholders increased 95.8% versus the prior year period.
- Adjusted EBITDA increased 15.8% compared to 2022.
- Product segment backlog stands at $192.0 million as of November 08, 2023.
Headline financials
Revenue & EPS history
Ormat · Revenue · Quarterly
$208M
Revenue by segment
Ormat · $208M total across 3 segments · Q3 2023
- Electricity$157M-11.2%75.6%
- Product$39.8M+180.3%19.1%
- Energy Storage$11M+25.0%5.3%
Forward guidance
Ormat narrowed its full-year revenue and EBITDA guidance, demonstrating confidence in the business's outlook and portfolio expansion momentum. The company expects total revenues between $825 million and $838 million and Adjusted EBITDA between $480 million and $495 million.
Tailwinds
- Total revenues of between $825 million and $838 million.
- Electricity segment revenues between $670 million and $675 million.
- Product segment revenues of between $125 million and $130 million.
- Energy Storage revenues of between $30 million and $33 million.
- Adjusted EBITDA to be between $480 million and $495 million.
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 Q3 2023
-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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