Ormat Technologies, Inc. filed its quarterly report on Form 10-Q with the SEC on November 5, 2026, covering the three and nine months ended September 30, 2026, as reported under NYSE:ORA.

Key Highlights

  • Total revenues of $275.1 million for the three months ended September 30, 2026, up from $249.7 million in the same period of 2025, according to the filing.
  • Energy storage segment revenue reached $49.9 million for the third quarter of 2026, compared with $20.4 million in the third quarter of 2025, as disclosed in the condensed consolidated statements.
  • Net income attributable to the Company's stockholders was $31.9 million for the three months ended September 30, 2026, versus $24.1 million in the prior-year quarter.
  • Nine-month total revenues were $937.8 million, up from $713.5 million for the nine months ended September 30, 2025.
  • Total assets stood at $6.767 billion as of September 30, 2026, compared with $6.247 billion at December 31, 2025.
  • Cash and cash equivalents were $347.97 million as of September 30, 2026, up from $147.45 million at December 31, 2025.
  • Shares outstanding were 61,502,991 as of November 1, 2026, per the filing's cover page.

Ormat Technologies Reports Third-Quarter 2026 Financial Results

According to the filing, Ormat Technologies reported total revenues of $275.121 million for the three months ended September 30, 2026, compared with $249.727 million for the same quarter of 2025. The electricity segment contributed $163.664 million, the product segment contributed $61.516 million, and the energy storage segment contributed $49.941 million to the quarterly total. The company disclosed total cost of revenues of $197.744 million for the quarter, resulting in a gross profit of $77.377 million.

The filing reported operating income of $45.250 million for the third quarter of 2026, up from $40.432 million in the third quarter of 2025. Net income for the quarter was $29.823 million, with net income attributable to the Company's stockholders of $31.908 million. The filing also noted an income tax benefit of $6.775 million and income attributable to sale of tax benefits of $15.677 million for the three-month period. Interest expense, net, was $44.191 million for the quarter.

On the balance sheet, the company reported total assets of $6.767 billion as of September 30, 2026. Total liabilities were $3.991 billion, and total equity was $2.767 billion. The filing noted that construction-in-process stood at $1.093 billion, and property, plant and equipment, net, was $3.738 billion. The company also reported convertible senior notes with a current portion of $361.045 million (less deferred financing costs of $4.530 million) and a long-term portion of $807.353 million (less deferred financing costs of $17.647 million) as of September 30, 2026.

What Was Disclosed

Ormat Technologies disclosed its condensed consolidated financial statements for the three and nine months ended September 30, 2026, showing revenue growth across all three segments, increased net income, higher total assets, and a significantly larger cash balance compared with year-end 2025.