Kenon Holdings reports OPC Q3 net profit up 200%
Kenon Holdings reports a significant increase in OPC's Q3 net profit, up 200% to $69 million from $23 million in Q3 2024. Revenue increased by $28 million, and adjusted EBITDA rose to $156 million from $108 million. Key drivers include increased infrastructure tariffs in Israel, expanded U.S. retail electricity activities, and increased ownership stakes in associated companies. Kenon did not provide specific future financial guidance.
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Overview
- OPC Q3 revenue increased by $28 mln compared to Q3 2024
- OPC Q3 net profit rose to $69 mln from $23 mln in Q3 2024
- OPC Q3 adjusted EBITDA rose to $156 mln from $108 mln in Q3 2024
Outlook
- Kenon did not provide specific financial guidance for future quarters or the full year
Result Drivers
- INFRASTRUCTURE TARIFFS - Increased average tariffs for infrastructure services in Israel contributed to revenue growth
- EXPANDED RETAIL ACTIVITIES - U.S. retail electricity sales increased due to expanded scope of activities
- OWNERSHIP STAKES - Increased ownership stakes in associated companies boosted net profit
Key Details
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 OPC $265 mln
Revenue
Q3 OPC $69 mln
Net
Income
Q3 OPC $156 mln
Adjusted
EBITDA
Press Release: For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact . (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
