Kenon 11/29/2023 Earnings Report

Kenon EPS Results

• Actual EPS: -$3.83
• Consensus EPS: N/A
• Beat/Miss: N/A
• One Year Ago EPS: N/A

Kenon Revenue Results

• Actual Revenue: $229.00 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: N/A

Kenon Announcement Details

• Date: 11/29/2023
• Time: N/A
• Conference Call Date: N/A
• Conference Call Time: N/A

Kenon (NYSE:KEN) Holdings Ltd (NYSE: KEN) is a publicly traded holding company with a diversified portfolio of assets in energy, automotive and water treatment sectors. The company was established in 2014 through a spin-off from Israel Corporation and is led by an experienced board of directors and executive management team. Kenon’s principal objective is to build long-term value by investing in operating businesses and projects that generate stable cash flows and have solid growth prospects.

In the energy sector, Kenon holds significant interests in two combined-cycle power plants serving the Israeli market. Through its subsidiaries OPC Rotem and OPC Hadera, the company owns stakes in generating facilities that supply electricity to the Israel Electric Corporation under long-term power purchase agreements. These assets benefit from modern turbine technology, high efficiency rates and linkages to inflation indices, offering a degree of revenue predictability.

Beyond power generation, Kenon is active in the automotive and water treatment industries. It maintains a minority stake in a China-based automotive joint venture that designs and sells premium passenger vehicles, targeting fast-growing segments in the Chinese market. The company also holds a share in a global water desalination and treatment solutions provider, which designs and operates water infrastructure projects worldwide, from the Middle East to North America.

Kenon’s portfolio strategy emphasizes geographic and sector diversification, aiming to balance stable, regulated cash flows with higher-growth investments. The company’s management leverages deep industry expertise and strategic partnerships to evaluate new opportunities and optimize performance across its holdings. With a focus on sustainable returns and disciplined capital allocation, Kenon seeks to deliver long-term value for shareholders while maintaining financial flexibility for future expansion.