Ormat (ORA) Q2 Revenue Jumps 10%
Ormat Technologies (NYSE:ORA), a leading developer and operator in geothermal, solar, and energy storage power solutions, released its second-quarter results on August 6, 2025. The headline news from the release was a significant beat on both revenue (GAAP) and adjusted diluted earnings per share (non-GAAP), with actual EPS (non-GAAP) of $0.48 mildly outpacing Wall Street estimates and revenue (GAAP) climbing to $234.0 million versus an expected $221.7 million. Despite some operational hiccups in its core Electricity segment, the company reported improved performance in its Product and Energy Storage businesses, with Product segment revenues increasing by 57.6% and Energy Storage segment revenues increasing by 62.7% compared to Q2 2024. Overall, Ormat delivered a solid quarter that backed up its growth plans, even as margin pressures in key segments highlighted a changing earnings profile for the company.
Source: Analyst estimates provided by FactSet. Management expectations based on management's guidance, as provided in Q1 2025 earnings report.
Ormat operates across three main divisions: the Electricity segment, which runs geothermal and solar power plants; the Product segment, which manufactures equipment for geothermal and recovered-energy power plants; and the Energy Storage segment, which builds and manages battery storage systems. These segments allow Ormat to draw income from both steady, long-term power generation and growth in newer technologies like advanced batteries.
Source Fool.com
