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Eesti Energia Receives Extraordinary Dividend of USD 7 Million
Globenewswire· 2025-09-03 14:00
Group 1 - Eesti Energia AS received an additional dividend of USD 70 million from its minority stake in Attarat Power Company (APCO) following a successful court dispute resolution [1] - As a result of its 10% holding, Eesti Energia received an extraordinary dividend of USD 7 million on September 3, 2025, bringing the total dividends from the Jordan power project in 2025 to USD 8.5 million [2] - APCO holds a market share of approximately 15% of Jordan's total electricity market, ensuring energy supply and security in the region [2]
2025年1-7月全国电力市场交易电量同比增长3.2%
国家能源局· 2025-08-24 02:03
Core Viewpoint - The article highlights the growth in electricity market transactions in China, indicating a positive trend in both provincial and inter-provincial electricity trading, as well as a significant increase in green electricity transactions [2]. Group 1: National Electricity Market Transactions - In July 2025, the total electricity market transaction volume reached 624.6 billion kilowatt-hours, representing a year-on-year growth of 7.4% [2]. - Among this, the provincial transaction volume was 461.4 billion kilowatt-hours, with a year-on-year increase of 7.3%, while the inter-provincial and inter-regional transaction volume was 163.2 billion kilowatt-hours, growing by 7.9% year-on-year [2]. - Green electricity transaction volume in July 2025 was 25.6 billion kilowatt-hours, showing a substantial year-on-year increase of 43.2% [2]. Group 2: Cumulative Electricity Market Transactions - From January to July 2025, the cumulative electricity market transaction volume reached 3.59 trillion kilowatt-hours, marking a year-on-year growth of 3.2% and accounting for 61.2% of the total electricity consumption, a decrease of 0.9 percentage points year-on-year [2]. - The provincial transaction volume during this period was 2.73 trillion kilowatt-hours, with a year-on-year growth of 1.6%, while the inter-provincial and inter-regional transaction volume was 855.8 billion kilowatt-hours, reflecting a year-on-year increase of 9% [2]. - The green electricity transaction volume for the first seven months of 2025 was 181.7 billion kilowatt-hours, which is a year-on-year increase of 42.1% [2].
Vistra Announces Dual Listing on NYSE Texas
Prnewswire· 2025-08-18 13:00
Core Viewpoint - Vistra announced the dual listing of its common stock on NYSE Texas, effective August 19, 2025, enhancing its presence in the financial market [1]. Group 1: Company Overview - Vistra is a leading integrated retail electricity and power generation company based in Irving, Texas, providing essential resources across the United States from California to Maine [4]. - The company operates a diverse power generation fleet, including natural gas, nuclear, coal, solar, and battery energy storage facilities, focusing on reliability, affordability, and sustainability [4]. Group 2: Strategic Moves - Vistra has become a Founding Member of NYSE Texas, reflecting its long-standing Texas roots dating back to 1882 [2]. - The company will continue to trade under the ticker symbol "VST" on both NYSE and NYSE Texas, maintaining its primary exchange on NYSE [3]. Group 3: Industry Context - The establishment of NYSE Texas aims to position Texas as a leading global financial hub, aligning with Vistra's commitment to the state's economic growth [2]. - The dual listing is expected to enhance Vistra's visibility and accessibility to investors, further solidifying its market position [1][3].
Ormat Technologies Q2 Earnings Outpace Estimates, Revenues Increase Y/Y
ZACKS· 2025-08-11 14:06
Core Insights - Ormat Technologies Inc. reported a 1.7% increase in shares to $86.68 following the release of its Q2 2025 results, with adjusted earnings per share of 48 cents, exceeding the Zacks Consensus Estimate of 37 cents by 29.7% and up 20% from 40 cents in the previous year [1][8] - Total revenues for Q2 2025 reached $234 million, surpassing the Zacks Consensus Estimate of $221 million by 6% and reflecting a year-over-year increase of 9.9% driven by growth in product and energy storage segments [2][8] Revenue Breakdown - Electricity segment revenues were $159.9 million, a decrease of 3.8% year over year, attributed to well-field work at the Puna facility and energy curtailments at McGinness Hills and Tungsten complexes, along with an outage at the Stillwater plant [3] - Product segment revenues surged 57.6% to $59.6 million, driven by the timing of revenue recognition from manufacturing and construction progress [4] - Energy segment revenues increased by 62.7% to $14.5 million, supported by new assets coming online last year and strong merchant pricing in the PJM market [4] Operational Performance - Total operating expenses rose 7% year over year to $25.6 million, while operating income increased by 0.5% to $35.3 million [5] - Total cost of revenues was $177.1 million, reflecting a year-over-year increase of 16.9% [5] - Net interest expenses were $36.7 million, up 8.8% from the previous year [5] Financial Position - As of June 30, 2025, Ormat had cash and cash equivalents of $88.5 million, down from $94.4 million as of December 31, 2024 [6] 2025 Guidance - The company reiterated its revenue guidance for 2025, expecting to generate between $935 million and $975 million, with the Zacks Consensus Estimate at $955.3 million [9] - Electricity segment revenues are anticipated in the range of $710 million to $725 million, product segment revenues between $172 million and $187 million, and energy storage segment revenues projected between $53 million and $63 million [9] - Annual adjusted EBITDA is expected to be in the range of $563 million to $593 million [10]
