Ormat (ORA) Q4 FY25 earnings call

Earnings call· Dec 2025 (Q4 FY25)· Utilities· Feb 26, 2026

Source: earnings call transcript

Ormat Technologies delivered a strong Q4 and full-year 2025, marked by significant PPA wins with hyperscalers and robust growth in its Energy Storage segment. The company is actively advancing its EGS initiatives through strategic partnerships and investments, positioning itself for future expansion. While the Electricity segment faced headwinds from curtailments and lower Puna energy rates, management is cautiously optimistic for 2026, with a focus on continued portfolio expansion and operational efficiency.

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ORA operating KPIs by quarter

ORA operating KPIs stated on its earnings calls, by fiscal quarter
KPI	This call Dec 2025 Q4 FY25	Mar 2026 Q1 FY26	Jun 2026 Q2 FY26	Change vs prior quarter
Generation capacity Additions	72 MW We added 72 megawatts in the fourth quarter of 2025. Source: earnings call transcript	30 MW We 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	$352M Our product segment backlog stands at $352 million, representing a 19% increase on a sequential basis. Source: earnings call transcript	$239M Our product segment backlog stands at $239 million. Source: earnings call transcript	—	-32.1%
Generation capacity Electricity	—	~1,340 MW Our Electricity portfolio now stands at approximately 1,340 megawatts globally. Source: earnings call transcript	~1,355 MW On 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.