Ormat Technologies (ORA) Investor presentation summary

Business profile and recent performance

• Three segments: Electricity (70% of 2025 revenue), Energy Storage (22%) and Product (8%); geothermal and recovered-energy generation portfolio totals 1.4 GW.

• Q3 2026 revenue rose 10.2% YoY to $275.1M and gross profit increased 20.8% to $77.4M; 9M revenue grew 31.4% to $937.8M.

• Q3 adjusted EBITDA increased 11.1% YoY to $153.8M; 9M adjusted EBITDA rose 16.4% to $492.6M.

• 2026 guidance: revenue of $1.17–$1.20B and adjusted EBITDA of $640–$650M; revenue midpoint was raised, alongside the adjusted EBITDA midpoint.

Electricity and geothermal development

• Electricity portfolio: 1,358 MW, with $701M LTM revenue, $478M LTM adjusted EBITDA and 14 years of weighted-average PPA life as of November 2026.

• Electricity capacity targets rise from 1.7 GW in 2025 to 2.6–2.8 GW in 2028 and 3.5–3.7 GW in 2030; targets exclude EGS.

• Geothermal projects total 89 MW across eight projects under development by end-2028; solar projects total 115 MW across four projects by end-2028.

• 48 geothermal sites are under exploration or development across five countries, including 35 in the U.S.; drilling activity is targeted at 2.7x the 2024–2025 average during 2026–2030.

Energy storage

• Operating storage portfolio: 495 MW / 1,358 MWh; LTM revenue was $164M and LTM adjusted EBITDA was $121M.

• Storage projects under construction and development total 497 MW / 1,888 MWh across seven projects; this includes the 100 MW / 400 MWh Denali facility.

• U.S. storage pipeline totals 3.0 GW / 11.6 GWh across 31 named prospects; 2030 targets are 1.5–1.6 GW and 5.1–5.5 GWh.

• 2026 storage revenue guidance is $160–$170M, compared with $79M in 2025; 2030 revenue run-rate target is $1.5–$1.6B across all segments.