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Ormat Technologies Inc (ORA)
NYSE:ORA
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Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
0.51Last Year’s EPS
0.59Same Quarter Last Year
Moderate Buy
Based on 8 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2018
|% Change Since: -17.97%
|Next Earnings Date:Aug 07, 2018
Earnings Call Sentiment|Neutral
The earnings call highlighted significant progress in EBITDA growth and energy storage developments, along with the positive resolution of the SEC investigation. However, challenges such as the decline in net income and issues at the Dixie Valley facility were notable concerns.Company Guidance
During the third quarter earnings call for Ormat Technologies, the company provided comprehensive guidance and updates on their performance metrics and future outlook. Ormat reported a 16.3% increase in adjusted EBITDA, reaching $137.7 million, driven by strong operational performance and contributions from newly acquired assets. Total revenue for the quarter was $211.8 million, marking a 1.8% year-over-year increase, with the Electricity segment growing by 4.7%. The company expects full-year revenues to range between $875 million and $893 million, and has revised its adjusted EBITDA guidance upwards to between $540 million and $555 million. Additionally, Ormat highlighted its strategic progress in the Energy Storage segment, including a significant 80 megawatt/320 megawatt hour project in California. The company anticipates strong industry tailwinds and plans to expand its operating portfolio to approximately 2.1 to 2.3 gigawatts by the end of 2026.Strong Adjusted EBITDA Growth
Adjusted EBITDA increased by 16.3%, driven by contributions from acquired Enel assets and improved performance at the Puna facility.
Successful Energy Storage Developments
Significant progress in the Energy Storage business with the signing of tolling agreements in Texas and California, and achieving commercial operation for the largest storage facility, the 80 MW/320 MWh Bottleneck project.
Positive Progress on Geothermal Developments
Achieved continuous improvement in reservoir performance at Puna complex and increased capacity at the Olkaria power plant in Kenya.
Resolution of SEC Investigation
SEC concluded its investigation and does not intend to recommend enforcement action against the company.
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ORA Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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ORA Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Nov 06, 2024 | $81.80 | $82.92 | +1.37% |
| Aug 06, 2024 | $73.71 | $72.26 | -1.97% |
| May 08, 2024 | $68.16 | $68.60 | +0.65% |
| Feb 21, 2024 | $66.78 | $63.57 | -4.81% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Ormat Technologies Inc (ORA) report earnings?
Ormat Technologies Inc (ORA) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Ormat Technologies Inc (ORA) earnings time?
Ormat Technologies Inc (ORA) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is ORA EPS forecast?
ORA EPS forecast for the fiscal quarter 2024 (Q4) is 0.51.
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