Business
OPC Energy Reports Strong First Quarter 2026 Financial Results
OPC Energy Ltd. (TASE: OPCE), a leading independent power producer in Israel and the U.S., providing reliable and efficient electricity generation through natural gas and renewable energy, today announced its financial results for the first quarter of 2026.
About this update from Opc Energy Ltd.
[{"type":"text","content":"Strong Momentum Across Geographies: Expected Milestones in Israel Include Financial Closing of Hadera Expansion Project and a Final Investment Decision on Ramat Beka in June 2026; in The U.S., The Flagship Shay project in PJM is Accelerating and the Natural Gas Project Pipeline Has Expanded to 8.7 GW","length":301,"tagName":"p","attribs":{}},{"type":"text","content":"TEL AVIV, Israel, May 20, 2026 /PRNewswire/ -- OPC Energy Ltd. (TASE: OPCE), a leading independent power producer in Israel and the U.S., providing reliable and efficient electricity generation through natural gas and renewable energy, today announced its financial results for the first quarter of 2026.","length":304,"tagName":"p"},{"type":"image","alt":"OPC_Energy_Logo","displaySize":"","headline":null,"caption":"OPC_Energy_Logo","className":"","disableSlideshowImg":false,"size":{"original":{"width":400,"height":283,"url":"https://media.zenfs.com/en/prnewswire.com/e7e4e9e97d5cba5b25de4dfb08f24f2a"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/gbjtm5Jf7XPlvZ2PYcFxJQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTcwNTtoPTQ5OQ--/https://media.zenfs.com/en/prnewswire.com/e7e4e9e97d5cba5b25de4dfb08f24f2a","width":400,"height":283},"resize_sm":{"url":"https://s.yimg.com/ny/api/res/1.2/jmTsSA5VhqBa1JBbzkC_DA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTY0MDtoPTQ1Mw--/https://media.zenfs.com/en/prnewswire.com/e7e4e9e97d5cba5b25de4dfb08f24f2a","width":400,"height":283}}},{"type":"text","content":"First Quarter 2026 Highlights:","length":30,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"EBITDA increased approximately 10% year-over-year to approximately $124 million, while adjusted net profit rose approximately 18% to approximately $33 million.","length":159,"tagName":"p"}]},{"val":[{"type":"text","content":"The Company continued to advance key growth initiatives in Israel and expects to reach Final Investment Decisions (FID) by the end of the second quarter of 2026 for:","length":165,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"the Hadera Expansion project, with planned capacity of 850 MW;","length":67,"tagName":"p"}]},{"val":[{"type":"text","content":"the Ramat Beka project, with planned capacity of 550 MW and 3,850 MWh of energy storage, with payment submission to the Israeli Land authority in the amount of $0.37 Billion (NIS 1.1 billion)...