Kenon Q2 Profit Jumps to $54M as OPC Revenue Nearly Doubles
KEN sits 65% above its 52-week low of $41.5.
Summary
Kenon Holdings reported Q2 2026 profit of $54 million, up from $6 million a year earlier, driven by OPC Energy's U.S. power plant consolidations and strong Israeli operations. Stand-alone cash reached $605 million with no material debt.
Key Events · Earnings and Guidance · KEN
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Q2 Profit Surges to $54M
Kenon's consolidated profit for Q2 2026 was $54 million, up from $6 million in Q2 2025. Revenue nearly doubled to $379 million from $196 million.
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OPC Adjusted EBITDA Up 46%
OPC's Adjusted EBITDA including proportionate share of associated companies reached $131 million in Q2 2026, compared to $90 million in Q2 2025.
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U.S. Power Plants Drive Growth
First-time consolidation of the Shore and Maryland power plants added $110 million in U.S. revenue, with total U.S. revenue reaching $176 million versus $43 million a year earlier.
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Stand-Alone Cash at $605M
Kenon's stand-alone cash was $605 million as of August 31, 2026, up from $512 million at June 30, 2026, with no material debt at the Kenon level.
Analysis · KEN · Energy & Transportation
Kenon's Q2 2026 results show a dramatic improvement: consolidated revenue nearly doubled to $379 million from $196 million a year earlier, and profit attributable to shareholders rose to $44 million from $5 million. The growth is driven by OPC Energy's first-time consolidation of the Shore and Maryland power plants in the U.S., which added $110 million in revenue, plus higher customer consumption and favorable currency effects in Israel. OPC's Adjusted EBITDA including associated companies reached $131 million, up from $90 million. Kenon's stand-alone cash position strengthened to $605 million by August 31, 2026, with no material debt at the holding level. The Rogue's Wind project also reached commercial operations, triggering a $160 million tax partner investment. These results confirm the operational momentum previously signaled in OPC's H1 2026 report, but this filing provides the first full consolidated quarterly picture for Kenon.
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In the 30 days to Sep 10, 2026, 29.9% of the 1988 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.12%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, KEN was trading at $68.57 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $3.6B. The 52-week trading range was $41.50 to $95.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.