Earnings Call Summary | Ormat Technologies(ORA.US) Q1 2024 Earnings Conference
Earnings Call Summary | Ormat Technologies(ORA.US) Q1 2024 Earnings Conference
The following is a summary of the Ormat Technologies, Inc. (ORA) Q1 2024 Earnings Call Transcript:
以下是奧瑪特科技公司(ORA)2024年第一季度業績電話會議記錄摘要:
Financial Performance:
財務業績:
Ormat Technologies reported a 21% increase in total revenues, reaching $224.2 million in Q1 2024, and a 25.5% rise in earnings per share.
The net income was $38.6 million or $0.64 per diluted share, a considerable increase from the same period in the prior year.
Adjusted EBITDA of $141.2 million indicates a 14.4% growth when compared to Q1 2023.
The company recorded a $17.5 million income related to tax benefits, primarily due to higher Production Tax Credits (PTCs) and Income Tax Credit (ITC) benefits generated by storage facilities.
Strong Q1 operating cash flow, supported notably by significant revenue collections from Kenya, resulted in collections of over $25 million in four months.
Ormat Technologies報告稱,總收入增長了21%,在2024年第一季度達到2.242億美元,每股收益增長了25.5%。
淨收益爲3,860萬美元,攤薄每股收益爲0.64美元,與去年同期相比大幅增長。
調整後的息稅折舊攤銷前利潤爲1.412億美元,與2023年第一季度相比增長了14.4%。
該公司錄得了與稅收優惠相關的1750萬澳元收入,這主要是由於存儲設施產生的更高的生產稅收抵免(PTC)和所得稅抵免(ITC)收益。
第一季度強勁的運營現金流,主要得益於肯尼亞的大量收入,使四個月的收入超過2500萬美元。
Business Progress:
業務進展:
The company added 130 megawatts of new generating capacity to its portfolio since the start of 2024.
Expansion was driven by higher performance at existing facilities and the successful execution of the strategic plan, contributing to over 50% of the increase in revenues and EBITDA.
The acquisition of a portfolio of geothermal and solar assets from Enel Green Power North America significantly contributed to Q1 revenues and EBITDA.
Ormat reported six energy storage projects under development which will add 335 megawatts or 1,040 megawatt-hours to its storage portfolio by the end of 2025.
The company is positioned favorably to leverage the strong demand for renewable energy from data centers and power purchase agreements, as well as the successful drilling campaign in Kenya.
自2024年初以來,該公司在其投資組合中增加了130兆瓦的新發電能力。
擴張是由現有設施業績的提高和戰略計劃的成功執行所推動的,收入和息稅折舊攤銷前利潤增長的50%以上。
從北美Enel Green Power收購地熱和太陽能資產組合,爲第一季度的收入和息稅折舊攤銷前利潤做出了重大貢獻。
Ormat報告了六個正在開發的儲能項目,到2025年底,其存儲產品組合將增加335兆瓦或1,040兆瓦時。
該公司處於有利地位,可以利用數據中心和電力購買協議對可再生能源的強勁需求,以及肯尼亞成功的鑽探活動。
More details: Ormat Technologies IR
更多詳情: Ormat 科技 IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示:欲了解更多詳情,請訪問投資者關係網站。本文僅供投資者參考,不構成任何投資建議。
譯文內容由第三人軟體翻譯。