Research analysts who have asked questions during Kenon Holdings earnings calls.
Recent press releases and 8-K filings for KEN.
Kenon Holdings Ltd. Subsidiary Completes Basin Ranch Project Acquisition
KEN
M&A
New Projects/Investments
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd. ("OPC"), announced the completion of an acquisition by its 70%-owned subsidiary, CPV Group LP, on February 3, 2026.
- CPV Group acquired the remaining 30% interest in the Basin Ranch Project.
- The Basin Ranch Project is a gas-fired power plant in Texas with an estimated 1.35 GW capacity.
- Following this acquisition, CPV Group now owns 100% of the Basin Ranch Project.
4 days ago
Kenon's Subsidiary OPC Energy Secures Additional Financing for Basin Ranch Acquisition
KEN
New Projects/Investments
M&A
Debt Issuance
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced that its 70%-owned subsidiary, CPV Group LP, has secured additional financing in connection with its agreement to acquire the remaining 30% interest in the Basin Ranch project.
- The Basin Ranch project is a gas-fired power plant located in Texas, with an estimated 1.35 GW capacity.
- The financing involves an amendment to CPV Group's existing $300 million financing agreement with Bank Leumi, increasing it by an additional $130 million.
- This additional $130 million is intended to fund a portion of the amount required for the acquisition, which is subject to various conditions precedent.
Jan 8, 2026, 11:03 AM
Kenon Holdings' Subsidiary OPC Energy Completes CPV Shore Acquisition
KEN
M&A
New Projects/Investments
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd. (OPC), announced the completion of the acquisition of the remaining interest in the CPV Shore power plant.
- As a result, CPV Group LP, a 70%-owned subsidiary of OPC, now owns 100% of CPV Shore.
- The CPV Shore power plant is a 725 MW natural gas-fired facility located in New Jersey.
Jan 8, 2026, 11:01 AM
Kenon Holdings Ltd. Reports Q3 2025 Results and Strategic Updates
KEN
Earnings
Debt Issuance
New Projects/Investments
- Kenon Holdings Ltd. reported a consolidated profit of $67 million for Q3 2025, with basic/diluted profit per share of $0.45. Its subsidiary, OPC, reported a net profit of $69 million and Adjusted EBITDA of $156 million for Q3 2025.
- In November 2025, Kenon sold a portion of its OPC shares for approximately $100 million, reducing its ownership to approximately 47%. Concurrently, OPC raised approximately $100 million through a private placement and $140 million from Series D bond issuance.
- OPC announced the financial closing and commencement of construction for the 1.35 GW Basin Ranch Project in Texas and an agreement for CPV to acquire the remaining 30% interest. CPV also agreed to acquire the remaining approximately 11% interest in CPV Shore.
- Kenon's stand-alone cash was $560 million as of September 30, 2025, increasing to $670 million by December 3, 2025.
Dec 3, 2025, 1:21 PM
Kenon's Subsidiary OPC Energy Announces Bond Offering
KEN
Debt Issuance
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced its intention to offer approximately NIS 460 million (approximately $140 million) par value of Series D Bonds.
- These bonds, which will be listed on the Tel Aviv Stock Exchange, bear a nominal annual interest rate of 6.2%.
- Institutional investors have submitted orders for approximately NIS 850 million (approximately $260 million) par value of the bonds.
- OPC Energy plans to use the proceeds primarily to refinance its existing financial debt and for other business purposes.
Nov 26, 2025, 11:00 AM
Kenon's Subsidiary OPC Energy Announces Private Placement and Kenon Sells OPC Shares
KEN
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd. (OPC), announced a private placement of 5,529,322 ordinary shares to institutional investors in Israel. This placement is expected to generate gross proceeds of approximately NIS 340 million (approximately $100 million) at a price of NIS 61.50 per share.
- Kenon also committed to an off-exchange transaction to sell 5,422,648 OPC ordinary shares to other institutional investors in Israel. This sale is at a price of NIS 62.70 per share, also for gross proceeds of NIS 340 million (approximately $100 million), and is expected to be executed on November 20, 2025.
- Following the completion of both OPC's private placement and Kenon's share sale, Kenon is expected to hold approximately 47% of OPC's ordinary shares.
Nov 20, 2025, 11:01 AM
OPC Energy Reports Q3 2025 Profit, Raises Capital, and Advances Project Developments
KEN
Earnings
New Projects/Investments
M&A
- OPC Energy Ltd. reported a profit of NIS 236 million for the three-month period ended September 30, 2025, and NIS 333 million for the nine-month period ended September 30, 2025.
- The company completed a NIS 900 million (gross) capital raise in August 2025, intended mainly for growth, and made an early partial repayment of debentures (Series B) totaling approximately NIS 302 million on September 30, 2025.
- In October 2025, the Fairview power plant's financing terms were revised, updating the margin to 2.5% and resulting in a dividend distribution of about $217 million to partners.
- A binding investment agreement was signed in August 2025 for the Rouges Wind project with a tax partner for approximately $163 million.
- An agreement to acquire the remaining 30% stake in the Basin Ranch project for approximately NIS 1.22 billion (USD 371 million) is expected to be completed by February 28, 2026.
Nov 19, 2025, 11:00 AM
Kenon's Subsidiary OPC Energy Announces Financial Closing and Construction Start for Basin Ranch Project, Acquires Remaining Interest
KEN
New Projects/Investments
M&A
- Kenon Holdings Ltd.'s subsidiary OPC Energy Ltd. announced the financial closing and commencement of construction of the Basin Ranch Project, a 1.35 GW gas-fired power plant in Texas.
- The estimated construction cost for the Basin Ranch Project is between approximately $1.8 billion to $2 billion.
- CPV, a 70%-owned subsidiary of OPC, funded approximately $470 million in equity commitments for the project, including a $300 million loan and $170 million cash from OPC.
- OPC's subsidiary CPV also entered into an agreement to acquire the remaining 30% ownership interest in the Basin Ranch Project from GE Vernova for approximately $371 million, with closing expected by February 28, 2026.
- The commercial operation date for the Basin Ranch Project is estimated to be during 2029.
Oct 29, 2025, 10:02 AM
Kenon Subsidiary OPC Energy Secures $1.1 Billion Loan for Basin Ranch Project
KEN
Debt Issuance
New Projects/Investments
- Kenon Holdings Ltd.'s subsidiary, OPC Energy Ltd., announced that CPV Basin Ranch, LLC, has secured an approximately $1.1 billion loan (the "TEF Loan") from the Public Utility Commission of Texas through the Texas Energy Fund.
- The TEF Loan, bearing an interest rate of 3% per annum, is designated to fund a portion of the 1.35 GW Basin Ranch natural gas project in Texas.
- Loan principal repayments are scheduled to begin on March 31, 2031, with quarterly payments of 0.25% until March 31, 2032, and the loan matures on September 30, 2045.
- To facilitate the financial closing, OPC has extended a $150 million short-term bridge loan to CPV, which is expected to be repaid soon after the TEF Loan's financial closing.
Oct 28, 2025, 10:18 AM
Kenon Holdings Announces Q2 2025 Results and Updates
KEN
Earnings
Share Buyback
New Projects/Investments
- Kenon Holdings Ltd. reported its Q2 2025 results, with its primary subsidiary, OPC Energy Ltd. (OPC), generating $196 million in revenue and $90 million in Adjusted EBITDA including proportionate share in associated companies for the quarter ended June 30, 2025.
- OPC raised total gross proceeds of NIS 1,750 million ($506 million) through new share offerings in June and August 2025, with Kenon participating in the June offering for NIS 316 million ($90 million). Following these offerings, Kenon now holds approximately 49.8% of OPC's shares.
- The Israeli Government approved the plan to construct the Hadera 2 project, an 850MW natural gas-fired power plant, with an estimated construction cost of NIS 4.5 billion to NIS 5 billion ($1.3 billion to $1.5 billion).
- Kenon's board increased the authorized share repurchase plan by $10 million to a total of up to $70 million.
Aug 28, 2025, 11:27 AM
Quarterly earnings call transcripts for Kenon Holdings.
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