Kenon Holdings Ltd. (KEN) Form 6-K — Aug 12, 2026

$KENForm 6-KFiled Aug 12, 2026, 1:27 PM ET0001178913-26-004078Original filing

Kenon Holdings furnished its principal holding OPC Energy's interim report for the periods ended June 30, 2026: Q2 EBITDA after proportionate consolidation reached $131 million, up 46% year over year, and H1 EBITDA rose 26% to $255 million. Q2 net income jumped to $15 million from $2 million and adjusted net income rose about 580% to $34 million, while H1 revenue nearly doubled to $696 million from $378 million, driven by full consolidation of the Shore (725 MW) and Maryland (745 MW) power plants, higher PJM capacity prices ($325/MW-day for 2028/29) and stronger energy margins.

Key figures

Eps: $0.08 (OPC Energy H1 2026 basic and diluted, in USD) vs $0.28 (H1 2025)
Revenue: $696 million (OPC Energy H1 2026) vs $378 million (H1 2025); $379 million in Q2 2026 vs $195 million in Q2 2025
Net Income: $29 million (H1 2026) vs $27 million (H1 2025); $15 million (Q2 2026) vs $2 million (Q2 2025)
Total Assets: $6,696 million (OPC Energy, June 30, 2026)
Cash Position: $1,261 million (OPC Energy, June 30, 2026)
Hq cash: ~$826 million
Ffo h1 2026: $165 million, +32% YoY
Long term loans: $2,166 million (June 30, 2026)
Bonds outstanding: $449 million (June 30, 2026)
Israel ebitda h1 2026: $90 million, +22% YoY
Basin ranch capacity mw: 1350
Rogues wind capacity mw: 114
Rbp weighted avg price cap: ~$555/MW-day
Adjusted net income h1 2026: $67 million, +103% YoY
Adjusted net income q2 2026: $34 million, +580% YoY
Leverage ratio june 30 2026: 3
Pjm capacity price 2028 2029: $325/MW-day (auction ceiling)
Rogues wind construction cost: ~$365 million
Rbp initial procurement target: 6,831 MW
Three rivers sale capital gain: ~$7 million after taxes
Fairview insurance lost profits: ~$48 million (CPV share ~$12 million)
Basin ranch 30pct acquisition cost: ~$371 million (February 2026)
Impairment us renewables associate: ~$16 million after taxes (H1 2026)
Rogues wind tax partner investment: $160 million (fully received)
Series b debenture early repayment: ~$68 million (June 7, 2026)
Basin ranch expected construction cost: $1.8-$2.0 billion
Ebitda after proportionate consolidation h1 2026: $255 million, +26% YoY
Ebitda after proportionate consolidation q2 2026: $131 million, +46% YoY
Us ebitda after proportionate consolidation h1 2026: $170 million, +29% YoY

AI analysis

Red flags8 · Pro

The rest of the AI analysis, red flags and sentiment are part of Signal8 Pro.

Upgrade to Pro · $49/mo billed annually

AI-generated analysis of a public disclosure. Not investment advice; verify against the original document.