OPC Energy Q3 adjusted net income more than doubles to $126 million
KEN•OPC Energy’s third-quarter 2026 adjusted net income more than doubled year over year to $126 million, while consolidated EBITDA rose 54% to $237 million. The company also refinanced $825 million of plant debt and advanced construction on two projects.
1. Quarterly results and projects
OPC Energy’s third-quarter 2026 adjusted net income more than doubled year over year to $126 million, and consolidated EBITDA climbed 54% to $237 million. The company attributed the EBITDA increase to higher energy margins, U.S. PJM capacity prices and increased plant ownership. A $825 million refinancing of the Shore and Maryland power plants lowered borrowing margins and increased financial flexibility; construction advanced at the 850 MW Hadera expansion in Israel and the 1.4 GW Basin Ranch project in the United States.
