OPC Energy Reports Strong Third Quarter 2026 Financial Results, with a 54% Rise in Consolidated EBITDA to $237 Million and Adjusted Net Income Surging 121% to $126 Million
Key Highlights
- ➤Consolidated EBITDA rose 54% YoY to $237 million
- ➤Adjusted net income surged 121% YoY to $126 million
- ➤$825 million Shore and Maryland refinancing cut loan margin to 2.50%
- ➤Ramat Beka financial close and construction expected in 1H 2027
- ➤OPC Israel agreed to sell distributed engines for $90 million
Expert Statements
Giora Almogy, Chief Executive Officer of OPC Energy
“Our strong third-quarter results reflect favorable market conditions in both Israel and the U.S. alongside the successful execution of our strategy to increase the ownership of our natural gas power plants in the U.S.”
Giora Almogy, Chief Executive Officer of OPC Energy
“OPC is entering a significant phase of growth, supported by an extensive pipeline of natural gas and renewable energy projects that is expected to drive the continued expansion of our operations in the coming years.”
Giora Almogy, Chief Executive Officer of OPC Energy
“We are currently advancing the construction of the Basin Ranch and Hadera expansion CCGT projects, with a combined generation capacity of 2.2 GW, and expect to reach financial close and commencement of construction on the Ramat Beka project, comprising 600 MW of solar and ~4,200 MWh of storage capacity, in the coming months.”
Giora Almogy, Chief Executive Officer of OPC Energy
“In parallel, we continue to advance the development of the Shay and Walker natural gas projects in the U.S., with capacities of 2.1 GW and 1.5 GW, respectively, with project Shay project targeting financial close in 2027.”
Giora Almogy, Chief Executive Officer of OPC Energy
“During the quarter, we continued to advance our long-term financial strategy.”
Giora Almogy, Chief Executive Officer of OPC Energy
“These initiatives support the realization of our $13 billion investment plan and our ability to develop and build our diversified and extensive project pipeline.”
Giora Almogy, Chief Executive Officer of OPC Energy
“Our strong access to diversified sources of financing, combined with continued financial optimization, provides us with the capacity to execute our growth strategy while maintaining a disciplined and balanced financial policy.”
Giora Almogy, Chief Executive Officer of OPC Energy
“OPC Energy's operating assets, together with our extensive pipeline of projects in development and under construction, and our financial strength and robust financing capabilities, position us to continue investing in future growth, generating significant and sustainable value for both the power markets in which we operate and the Company's shareholders.”
OPC Energy Reports Strong Third Quarter 2026 Financial Results, with a 54% Rise in Consolidated EBITDA to $237 Million and Adjusted Net Income Surging 121% to $126 Million PR Newswire
Continued growth in electricity demand in the U.S. and Israel is supporting the Company's business momentum and sustained growth trajectory
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