Ormat Technologies (ORA) Tops Q2 EPS by 1c, provides guidance

Ormat Technologies (NYSE: ORA) reported Q2 EPS of $0.40, $0.01 better than the analyst estimate of $0.39. Revenue for the quarter came in at $212.96 million versus the consensus estimate of $214.07 million.

GUIDANCE:

Ormat Technologies sees FY2024 revenue of $875-910 million, versus the consensus of $885 million.

Electricity segment revenues between $710 million and $720 million.
Product segment revenues of between $130 million and $145 million.
Energy Storage segment revenues of between $35 million and $45 million.
Adjusted EBITDA to be between $520 million and $550 million.

Adjusted EBITDA attributable to minority interest of approximately $20 million.

For earnings history and earnings-related data on Ormat Technologies (ORA) click here.

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