OPC Energy Reports Strong Second Quarter 2026 Financial Results, EBITDA Increased by 46% to $131 Million, Adjusted Net Income Grew 580% to $34M

About this update from Opc Energy Ltd.

Constructing two projects in the U.S. and Israel expected to add 2.2   GW of operating capacity by 2029–2030  Advancing development of three additional projects in the U.S. and Israel toward construction in 2027–2028, totaling 4.8 GW and representing about $10 billion in investment, with long-term power and capacity arrangements expected to support project economics and capitalize on growing electricity demand in the U.S. and Israel Continuing to execute the U.S. gas asset consolidation strategy, achieving full ownership of three major gas-fired assets during the second quarter, representing 2.8 GW of capacity TEL AVIV, Israel, Aug. 12, 2026 /PRNewswire/ -- OPC Energy Ltd. (TASE: OPCE), a leading independent power producer operating 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 second quarter and first half of 2026. Second Quarter 2026 Highlights: Giora Almogy, Chief Executive Officer of OPC Energy Ltd., commented: "We delivered another quarter of strong results, as our investments over the past several years continue to bear fruit, driving exceptional development capabilities especially in the natural gas space, and ensuring new growth engines for the company. In the U.S., we operate in a supportive business environment, characterized by significant long-term structural growth in demand for electricity, led by the accelerated growth in the Data Center sector and especially in our main markets, PJM and ERCOT. As we leverage these positive market trends, we continue to expand our project portfolio, with an investment plan of approximately $7 billion over the coming years in the PJM market. Meanwhile, development of the Shay project continues to advance, following the recent execution of a 10-year Gas Net Back agreement with EQT Global, a leading U.S. natural gas producer. The project is also expected to participate in PJM's long-term capacity auction in September, which could provide capacity revenues for the project for up to 15 years. In addition, we are accelerating development of the Walker project, for which an agreement has been signed to secure turbine supply from a global equipment manufacturer, while negotiations are underway toward a long-term PPA with a leading global hyperscaler. These projects represent a key pillar of our growth strategy in one of the world's most attractive power markets. In Israel, the commencement of construction of the Hadera Expansion project marks a significant milestone for the Company and the beginning of a new phase in the expansion of our generation capacity. At the same time, we continue to advance the Ramat Beka project, which is expected to reach a final investment decision by year-end. We are also expanding our activities into new areas of electricity demand, led by power supply to data centers, a sector expected to become one of the key drivers of electricity demand in the coming years. The combination of operating assets, projects under construction, a significant development pipeline, and financial resilience allows us to continue investing in the energy infrastructure of the future and to keep creating sustainable value for our shareholders." Financial Highlights * For definitions of the financial parameters, please refer to the Company's Board of Directors report for the second quarter of 2026. Major Events in Q2 2026: In Israel: In the U.S.:  Conference Call Information Giora Almogy, Chief Executive Officer, and Ana Berenstein Shvartsman, Chief Financial Officer, will host a conference call to review the Company's second quarter and first half 2026 financial results and recent business developments on August 12, 2026, at 8:00 a.m. Eastern Time. The conference call may be accessed via the following link: https://www.veidan-conferencing.com/opcen Recordings will be published on the Company's website at: http://www.opc-energy.com/en  shortly following the investors' conference and the conference call. To attend the conference call via phone, please dial one of the following teleconference numbers: USA 1-888-407-2553 | Canada 1-866-485-2399 | UK 0-800-917-4613 | Singapore 800-852-9533 About OPC Energy OPC Energy Ltd. (TASE: OPCE) is a leading energy company operating in the Energy Transition space in Israel and the U.S. and provides electricity in an efficient, reliable and environmentally friendly manner while combining highly efficient natural gas with solar, wind and storage. In Israel, OPC is the first and leading private electricity producer, offering its customers an integrated solution by supplying all energy needs through the company's production sites and in the customer's yard. OPC continues to expand its generation portfolio and customer base in Israel, advancing a growing pipeline of renewable and natural gas projects to support the evolving needs of the Israeli electricity market. In the U.S., the company operates through the CPV Group, which has over 25 years of success in the development and operation of highly efficient, low emission electric generation and renewable projects. CPV is focused on leveraging its extensive experience to advance its current portfolio of 15 GW of renewable and natural gas projects. For more information, please visit: www.opc-energy.com/en Company Contact: Ana Berenstein Shvartsman, CFO [email protected] Yehonatan Mualem, Finance & IR Manager [email protected]   Investor Relations Contact: Miri Segal, CEO, MS-IR LLC, [email protected] Appendix – Financial Information Logo - https://mma.prnewswire.com/media/2918125/OPC_Energy_Logo.jpg View original content: https://www.prnewswire.com/news-releases/opc-energy-reports-strong-second-quarter-2026-financial-results-ebitda-increased-by-46-to-131-million-adjusted-net-income-grew-580-to-34m-302849599.html

View stock analysis, news, and events for Opc Energy Ltd.