{"id":444,"date":"2008-05-07T06:49:22","date_gmt":"2008-05-07T13:49:22","guid":{"rendered":"http:\/\/montaraventures.com\/energy\/?p=444"},"modified":"2008-05-07T06:49:22","modified_gmt":"2008-05-07T13:49:22","slug":"q1-strong-for-ormat","status":"publish","type":"post","link":"https:\/\/montaraventures.com\/energy\/?p=444","title":{"rendered":"Q1 Strong for Ormat"},"content":{"rendered":"<p>Pure play geothermal equipment and electricity generator Ormat (<a href=\"https:\/\/finance.yahoo.com\/q?s=ora&#038;d=t\" target=\"_blank\" >ORA<\/a>) turned in a very strong <a href=\"https:\/\/www.ormat.com\/news.php?did=137&#038;aid=73562bb431af8cdfbf186d7d0b81f3d6\" target=\"_blank\" >Q1 earnings result today<\/a>. The company increased the top line from $62M to $69M Y\/Y despite the fact that the product segment revenue fell by 50% in the same period. This was offset by an increase in the generation segment due to greater MWh produced and higher prices being secured for that energy.<br \/>\n<br \/>\nEven better for long-term shareholders, costs were controlled tightly and were down $9M overall. But the electricity segment was down $1.1M while net output from the unit increased making it significantly more profitable. Profits for the quarter were $10M after taxes compared to -$5.8M in the same period last year.<br \/>\n<br \/>\nNo matter how you cut it, this was a stellar quarter for Ormat.<br \/>\n<br \/>\n<i>Disclosure: The author holds no position in Ormat.<\/i><br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Pure play geothermal equipment and electricity generator Ormat (ORA) turned in a very strong Q1 earnings result today. The company increased the top line from $62M to $69M Y\/Y despite the fact that the product segment revenue fell by 50% in the same period. This was offset by an increase in the generation segment due [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[9,2],"tags":[],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p2gI6x-7a","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts\/444"}],"collection":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=444"}],"version-history":[{"count":0,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=\/wp\/v2\/posts\/444\/revisions"}],"wp:attachment":[{"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=444"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=444"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/montaraventures.com\/energy\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=444"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}