Ormat Technologies Inc.’s ORA first-quarter 2019 earnings per share (EPS) came in at 51 cents, which surpassed the Zacks Consensus Estimate of 50 cents by 2%. The bottom line, however, deteriorated 62.5% from the prior-year quarter’s $1.36 per share.The year-over-year decline in earnings can be attributed to a one-time tax income of $44.4 million that the company recorded in the first quarter of 2018.RevenuesIn the quarter under review, Ormat Technologies generated revenues of $199 million, which exceeded the Zacks Consensus Estimate of $184 million by 8.1%. The top line also improved 8.2% on a year-over-year basis, driven by revenue growth across all its segments.Ormat Technologies, Inc. Price, Consensus and EPS Surprise Ormat Technologies, Inc. Price, Consensus and EPS Surprise | Ormat Technologies, Inc. QuoteSegment RevenuesElectricity Segment: Revenues at this segment increased 7.9% year over year to $142.9 million from $128 million. The upside was primarily driven by the expanded operations at McGuinness Hills and Olkaria. Also, the USG acquisition provided a boost to this unit’s topline.Product Segment: Revenues at this segment increased 7.1% year over year to $52.1 million from $48.7 million.Other Segment: Revenues at this division amounted to $4 million compared with $2.9 million in the prior-year quarter.Operational UpdateIn the reported quarter, Ormat Technologies’ total operating expenses totaled $20.5 million, up 8.9% year over year.The company’s total cost of revenues was $124.9 million, up12.8% year over year.Interest expenses were $21.2 million, up 48% year over year.Financial ConditionOrmat Technologies had cash and cash equivalents of $79.4 million as of Mar 31, 2019, compared with $98.8 million as of Dec 31, 2018.Total long-term debt was $1,141.3 million as of Dec 31, 2019, compared with $1,040.9 million as of Dec 31, 2018.Guidance 2019Ormat Technologies continues to expect 2019 total revenues of $720-$742 million. The Zacks Consensus Estimate for the same, pegged at $730 million, lies just below the midpoint of the company’s guided range.Segment wise, the company still expects electricity segment revenues in the range of $530-$540 million, excluding any impact from Puna during 2019. Likewise, the company’s Product segment revenues are expected to be $180-$190 million. It also anticipates annual adjusted EBITDA view of $370-$380 million for 2019, with no Puna-related EBITDA.Zacks RankOrmat Technologies currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Recent Oils-Energy ReleasesTOTAL S.A. TOT delivered first-quarter 2019 operating earnings of $1.02 per share (€0.90 per share), which lagged the Zacks Consensus Estimate of $1.09 by 6.4%Anadarko Petroleum Corporation APC generated first-quarter 2019 adjusted earnings of 53 cents per share, which beat the Zacks Consensus Estimate of 30 cents by 76.67%.Devon Energy Corp DVN generated first-quarter 2019 adjusted earnings per share of 36 cents, which surpassed the Zacks Consensus Estimate of 30 cents by 20%.Radical New Technology Creates $12.3 Trillion OpportunityImagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.See the 7 breakthrough stocks now>>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 Anadarko Petroleum Corporation (APC): 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