Ormat Technologies Inc.’s ORA second-quarter 2020 earnings per share (EPS) came in at 45 cents, which surpassed the Zacks Consensus Estimate of 38 cents by 18.4%. The bottom line however declined 32.8% year over year.The year-over-year downside can be attributed to an increase in income tax provision.RevenuesIn the quarter under review, Ormat Technologies generated revenues of $174.9 million, which exceeded the Zacks Consensus Estimate of $167 million by 4.8%. However, the top line dropped 5% on a year-over-year basis due to lower revenues from each of its segments.Ormat Technologies, Inc. Price, Consensus and EPS Surprise Ormat Technologies, Inc. price-consensus-eps-surprise-chart | Ormat Technologies, Inc. QuoteSegment RevenuesElectricity Segment: Revenues at this segment amounted to $128.7 million in the second quarter, which slipped 0.3% year over year.Product Segment: Revenues at this segment declined 16% year over year to $43.7 million.Energy Storage and Management Services: Revenues at this division amounted to $2.5 million, down 15%from the prior-year quarter.Operational UpdateIn the reported quarter, Ormat Technologies’ total operating expenses were $17.3 million, compared with operating expenses of $18.3 million in the second quarter of 2019.The company’s operating income rose 2.6% year over year to $48.1 million in the second quarter.The company’s total cost of revenues was $109.5 million, down 7.9% year over year.Interest expenses were $19.8 million, which declined 8.1% year over year.Financial ConditionOrmat Technologies had cash and cash equivalents of $173.7 million as of Jun 30, 2020, compared with $71.2 million as of Dec 31, 2019.Total long-term debt was $1,132 million as of Jun 30, 2020, compared with $1,012 million as of Dec 31, 2019.Guidance 2020Ormat Technologies updated its expectations for 2020. It now expects 2020 total revenues in the range of $710-$725 million, narrower than the earlier predicted band of $710-$740 million. The Zacks Consensus Estimate for the same, pegged at $719.1 million, lies little above the midpoint of the guided range.Segment-wise, the company now expects electricity segment revenues of $550-$560 million, compared with theprior guidance of $550-$570 million. However, the company’s Product segment revenues are stillexpected to be $140-$150 million.Ormat Technologies currently anticipates annual adjusted EBITDA of $400-$410 million, compared with$400-$415 million projected earlier.Zacks RankOrmat Technologies currently carries a Zacks Rank #5 (Strong Sell).You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Other Oils-Energy ReleasesDevon Energy Corp. DVN reported second-quarter 2020 adjusted loss per share of 18 cents, narrower than the Zacks Consensus Estimate of a loss of 26 cents.Noble Energy, Inc. NBL reported second-quarter adjusted loss of 24 cents per share, narrower than the Zacks Consensus Estimate of a loss of 39 cents.TOTAL SE TOT reported second-quarter 2020 operating earnings of 2 cents (€0.02) per share against the Zacks Consensus Estimate of a loss of 24 cents.The Hottest Tech Mega-Trend of AllLast year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.See Zacks' 3 Best Stocks to Play This Trend >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TOTAL S.A. (TOT): Free Stock Analysis Report Noble Energy Inc. (NBL): Free Stock Analysis Report Devon Energy Corporation (DVN): Free Stock Analysis Report Ormat Technologies, Inc. (ORA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research