Enlight Renewable Energy Q1 Revenues Surge 54% to $200M as EBITDA Jumps 58%
Enlight Renewable Energy reported Q1 2026 revenues of $200 million, up 54% year-over-year, with adjusted EBITDA excluding one-off gains rising 58% to $142 million and operating cash flow up 58% to $100 million. The company reaffirmed 2026 guidance of $755–785 million revenues (+32%) and $545–565 million adjusted EBITDA (+27%).
1. Q1 Financial Performance
Enlight delivered total revenues and income of $200 million in Q1 2026, marking a 54% increase over Q1 2025. Net income was $38 million versus $102 million a year ago, but excluding a prior-year $81 million stake-sale gain, net income rose 76%; adjusted EBITDA excluding gains climbed 58% to $142 million, and operating cash flow grew 58% to $100 million.
2. Portfolio Expansion
As of May 2026, Enlight’s portfolio reached 21.5 GW of generation and 69 GWh of storage (41.25 FGW), up 8% from year-end 2025. The mature segment (operating and construction) totaled 11.6 FGW and the advanced/development pipeline 29.6 FGW, with 56% of mature assets in the U.S. and 71% of advanced assets in the U.S.
3. 2026 Guidance Reaffirmed
The company reconfirmed full-year 2026 targets of $755–785 million in total revenues (+32%) and $545–565 million in adjusted EBITDA (+27%). Management highlighted strong Q1 metrics as evidence of operational resilience and execution amid challenging market conditions.