Ormat (ORA) Revenue & Revenue Breakdown

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Ormat Revenue Highlights

Latest Revenue (Y)

$829.42M

Latest Revenue (Q)

$212.96M

Main Segment (Y)

Electricity

Main Geography (Y)

KENYA

Ormat Revenue by Period

Ormat Revenue by Year

Date	Revenue	Change
2023-12-31	$829.42M	12.98%
2022-12-31	$734.16M	10.72%
2021-12-31	$663.08M	-5.99%
2020-12-31	$705.34M	-5.46%
2019-12-31	$746.04M	3.72%
2018-12-31	$719.27M	3.82%
2017-12-31	$692.81M	4.56%
2016-12-31	$662.59M	11.43%
2015-12-31	$594.64M	6.28%
2014-12-31	$559.52M	4.93%
2013-12-31	$533.24M	3.66%
2012-12-31	$514.41M	17.71%
2011-12-31	$437.01M	17.09%
2010-12-31	$373.23M	-10.12%
2009-12-31	$415.24M	20.42%
2008-12-31	$344.83M	16.53%
2007-12-31	$295.92M	10.03%
2006-12-31	$268.94M	13.00%
2005-12-31	$237.99M	8.56%
2004-12-31	$219.23M	83.55%
2003-12-31	$119.44M	39.49%
2002-12-31	$85.63M	78.71%
2001-12-31	$47.91M	-

Ormat generated $829.42M in revenue during NA 2023, up 12.98% compared to the previous quarter, and up 115.32% compared to the same period a year ago.

Ormat Revenue by Quarter

Date	Revenue	Change
2024-06-30	$212.96M	-5.00%
2024-03-31	$224.17M	-7.12%
2023-12-31	$241.34M	16.00%
2023-09-30	$208.06M	6.81%
2023-06-30	$194.80M	5.16%
2023-03-31	$185.23M	-9.86%
2022-12-31	$205.49M	16.83%
2022-09-30	$175.88M	4.03%
2022-06-30	$169.08M	-7.96%
2022-03-31	$183.71M	-3.81%
2021-12-31	$190.99M	20.24%
2021-09-30	$158.84M	8.13%
2021-06-30	$146.90M	-11.69%
2021-03-31	$166.35M	-7.26%
2020-12-31	$179.38M	12.86%
2020-09-30	$158.95M	-9.12%
2020-06-30	$174.90M	-8.96%
2020-03-31	$192.11M	-0.17%
2019-12-31	$192.44M	12.87%
2019-09-30	$170.50M	-7.37%
2019-06-30	$184.06M	-7.52%
2019-03-31	$199.04M	4.50%
2018-12-31	$190.47M	14.41%
2018-09-30	$166.48M	-6.63%
2018-06-30	$178.30M	-3.11%
2018-03-31	$184.02M	10.61%
2017-12-31	$166.37M	5.84%
2017-09-30	$157.19M	-12.37%
2017-06-30	$179.36M	-5.55%
2017-03-31	$189.90M	14.04%
2016-12-31	$166.52M	-9.80%
2016-09-30	$184.62M	15.49%
2016-06-30	$159.86M	5.45%
2016-03-31	$151.59M	-11.39%
2015-12-31	$171.07M	5.05%
2015-09-30	$162.85M	15.92%
2015-06-30	$140.49M	16.85%
2015-03-31	$120.23M	-19.44%
2014-12-31	$149.24M	6.42%
2014-09-30	$140.24M	9.90%
2014-06-30	$127.60M	-10.41%
2014-03-31	$142.44M	8.81%
2013-12-31	$130.91M	0.12%
2013-09-30	$130.75M	-14.36%
2013-06-30	$152.68M	25.44%
2013-03-31	$121.71M	4.85%
2012-12-31	$116.08M	-14.73%
2012-09-30	$136.14M	4.85%
2012-06-30	$129.84M	-1.90%
2012-03-31	$132.35M	6.96%
2011-12-31	$123.73M	11.63%
2011-09-30	$110.84M	5.95%
2011-06-30	$104.61M	6.95%
2011-03-31	$97.82M	5.37%
2010-12-31	$92.83M	-8.52%
2010-09-30	$101.48M	5.41%
2010-06-30	$96.27M	16.47%
2010-03-31	$82.65M	-13.26%
2009-12-31	$95.29M	-20.48%
2009-09-30	$119.83M	19.55%
2009-06-30	$100.23M	0.35%
2009-03-31	$99.89M	4.60%
2008-12-31	$95.50M	-4.24%
2008-09-30	$99.73M	24.31%
2008-06-30	$80.22M	15.61%
2008-03-31	$69.39M	-1.79%
2007-12-31	$70.65M	-

Ormat generated $212.96M in revenue during Q2 2024, up -5.00% compared to the previous quarter, and up 114.97% compared to the same period a year ago.

Ormat Revenue Breakdown

Ormat Revenue Breakdown by Product

Annual Revenue by Product

Product/Service	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
Energy Storage and Management Services	$28.89M	$31.02M	$30.39M	$15.82M	$14.70M
Electricity	$666.77M	-	-	-	-
Product	$133.76M	$46.92M	$148.13M	$139.30M	-

Ormat's latest annual revenue breakdown by segment (product or service), as of Dec 23: Electricity (80.39%), Product (16.13%), and Energy Storage and Management Services (3.48%).

Quarterly Revenue by Product

Product/Service	Sep 24	Mar 24	Dec 23	Sep 23	Jun 23	Mar 23	Dec 22	Sep 22	Jun 22	Mar 22	Dec 21	Sep 21	Jun 21	Mar 21	Dec 20	Sep 20	Jun 20	Mar 20	Dec 19	Sep 19
Electricity	$164.64M	$191.25M	$183.92M	$157.21M	$155.32M	$170.31M	$165.19M	$152.82M	$151.19M	$162.53M	$164.27M	$142.65M	$133.86M	$144.99M	$146.19M	$123.66M	$128.69M	$142.86M	$144.37M	$123.98M
Product	$162.60M	$24.83M	$60.47M	$39.83M	$33.46M	$32.18M	$45.70M	$20.34M	$66.60M	$58.60M	$37.10M	$27.39M	$49.50M	$63.50M	$96.50M	$43.81M	$167.40M	-	-	-
Energy Storage and Management Services	-	$8.08M	$6.99M	$11.01M	$6.01M	$4.88M	$8.12M	$8.85M	$7.49M	$6.56M	$6.38M	$5.66M	$5.63M	$12.72M	$5.80M	$5.66M	$2.51M	$1.85M	$4.26M	-
Other Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$3.48M

Ormat's latest quarterly revenue breakdown by segment (product or service), as of Sep 24: Electricity (50.31%), and Product (49.69%).

Ormat Revenue Breakdown by Country

Annual Revenue by Country

Country	Dec 23	Dec 22	Dec 21	Dec 20	Dec 19
CHILE	-	$579.00K	$7.04M	$32.42M	$25.54M
GUATEMALA	$30.17M	$28.83M	$26.87M	$27.39M	$28.62M
HONDURAS	$31.59M	$33.84M	$35.23M	$35.20M	$34.45M
INDONESIA	$26.73M	$15.63M	$8.06M	-	-
KENYA	$109.22M	$105.84M	$102.84M	$115.47M	$121.66M
NEW ZEALAND	$66.53M	$17.13M	$6.77M	$34.98M	$31.22M
Other Foreign Countries	$52.89M	$46.30M	$33.45M	$31.32M	$37.66M
TURKEY	-	$1.96M	$2.72M	$65.53M	$88.94M

Ormat's latest annual revenue breakdown by geography, as of Dec 23: KENYA (34.44%), NEW ZEALAND (20.98%), Other Foreign Countries (16.68%), HONDURAS (9.96%), GUATEMALA (9.51%), and INDONESIA (8.43%).

Quarterly Revenue by Country

Country	Sep 24	Mar 24	Sep 23	Jun 23	Sep 19
Non-US	$81.88M	$71.39M	$86.18M	$80.32M	-
UNITED STATES	$129.91M	$121.87M	$114.48M	$80.22M	-
Foreign Countries	-	-	-	-	$90.28M

Ormat's latest quarterly revenue breakdown by geography, as of Sep 24: UNITED STATES (61.34%), and Non-US (38.66%).

Ormat Peer Comparison by Revenue

Ticker	Company	Last Year Revenue	Last Quarter Revenue
RNW	ReNew Energy Global	$78.22B	$15.99B
BEP	Brookfield Renewable Partners	$5.13B	$1.45B
BEPC	Brookfield Renewable	$3.97B	$1.13B
FLNC	Fluence Energy	$2.70B	$623.14M
CWEN	Clearway Energy	$1.31B	$486.00M
EE	Excelerate Energy	$1.16B	$193.42B
AY	Atlantica Sustainable Infrastructure	$1.10B	$242.93M
NEP	NextEra Energy Partners, LP	$1.08B	$-603.00M
ORA	Ormat	$829.42M	$212.96M
ENLT	Enlight Renewable Energy	$255.70M	$89.59M
AMPS	Altus Power	$155.16M	$58.68M

ORA Revenue FAQ

What is Ormat’s yearly revenue?

Ormat's yearly revenue for 2023 was $829.42M, representing an increase of 12.98% compared to 2022. The company's yearly revenue for 2022 was $734.16M, representing an increase of 10.72% compared to 2021. ORA's yearly revenue for 2021 was $663.08M, representing a decrease of -5.99% compared to 2020.

What is Ormat’s quarterly revenue?

Ormat's quarterly revenue for Q2 2024 was $212.96M, a -5.00% decrease from the previous quarter (Q1 2024), and a 9.33% increase year-over-year (Q2 2023). The company's quarterly revenue for Q1 2024 was $224.17M, a -7.12% decrease from the previous quarter (Q4 2023), and a 21.02% increase year-over-year (Q1 2023). ORA's quarterly revenue for Q4 2023 was $241.34M, a 16.00% increase from the previous quarter (Q3 2023), and a 17.45% increase year-over-year (Q4 2022).

What is Ormat’s revenue growth rate?

Ormat's revenue growth rate for the last 3 years (2021-2023) was 25.09%, and for the last 5 years (2019-2023) was 11.18%.

What are Ormat’s revenue streams?

Ormat's revenue streams in c 23 are Energy Storage and Management Services, Electricity, and Product. Energy Storage and Management Services generated $28.89M in revenue, accounting 3.48% of the company's total revenue, down -6.85% year-over-year. Electricity generated $666.77M in revenue, accounting 80.39% of the company's total revenue Product generated $133.76M in revenue, accounting 16.13% of the company's total revenue, up 185.09% year-over-year.

What is Ormat’s main source of revenue?

For the fiscal year ending Dec 23, the largest source of revenue of Ormat was Electricity. This segment made a revenue of $666.77M, representing 80.39% of the company's total revenue.