ORA Ormat Technologies (ORA) Q1 FY26 earnings call
Ormat Technologies delivered a record first quarter, propelled by exceptional growth in its Energy Storage and Product segments, underscoring the resilience of its diversified portfolio. The company is actively advancing its next-generation geothermal and EGS strategy through pilot projects and commercial development, aiming to significantly expand its addressable market. Despite some Electricity segment headwinds from weather and Puna rates, strategic PPA signings and balance sheet strengthening position Ormat for continued execution towards its long-term capacity targets.
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ORA operating KPIs by quarter
| KPI | Dec 2025 Q4 FY25 | This call Mar 2026 Q1 FY26 | Jun 2026 Q2 FY26 | Change vs prior quarter |
|---|---|---|---|---|
| Generation capacity Additions | 72 MWWe added 72 megawatts in the fourth quarter of 2025.Source: earnings call transcript | 30 MWWe added 30 megawatts in the first quarter of 2026 and currently have approximately 216 megawatts under construction and development through 2028.Source: earnings call transcript | — | -58.3% |
| Backlog Product | $352MOur product segment backlog stands at $352 million, representing a 19% increase on a sequential basis.Source: earnings call transcript | $239MOur product segment backlog stands at $239 million.Source: earnings call transcript | — | -32.1% |
| Generation capacity Electricity | — | ~1,340 MWOur Electricity portfolio now stands at approximately 1,340 megawatts globally.Source: earnings call transcript | ~1,355 MWOn Slide 15, our electricity portfolio stands at approximately 1,355 megawatts globally with new 15 megawatts added during the quarter.Source: earnings call transcript | — |
Operating figures the company stated on at least two of the calls shown, checked against each call's transcript. Click a figure to read the sentence. A dash means it was not stated that quarter.
Inve summary of the company's earnings call; see how call summaries are prepared. Not investment advice.