Kenon Holdings stock tracks a $450 million Vicinity deal

Published on 10/07/2026 at 06:20 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Kenon Holdings stock reported USD 696 million in first-half revenue through June 30, 2026. Profit reached USD 88 million, while OPC revenue rose 93 percent year over year.

KEN, SG9999012629, Illustration mit AI erstellt.

Kenon Holdings stock (ISIN SG9999012629) was last at USD 61.52 on the NYSE on October 6, 2026, at 4:00 p.m. ET, giving the company a market capitalization of USD 3.2 billion. The latest reported figures show USD 696 million in revenue and USD 88 million in profit for the six months ended June 30, 2026, according to StockTitan.

First half brings higher revenue

Kenon's first-half revenue increased from USD 378 million in the comparable 2025 period to USD 696 million in 2026, an increase of 84.1 percent. Profit rose from USD 33 million to USD 88 million, while basic and diluted earnings per share advanced from USD 0.32 to USD 1.34.

The result was driven largely by OPC Energy, in which Kenon holds approximately 46 percent. OPC's second-quarter revenue reached USD 379 million, compared with USD 196 million in Q2 2025, while profit rose to USD 15 million from USD 1 million, according to Yahoo Finance on September 8, 2026.

Vicinity adds an infrastructure bet

On September 30, 2026, Kenon announced an agreement to acquire a 25 percent indirect interest in Vicinity District Energy for a maximum cash obligation of USD 450 million, according to PR Newswire. The transaction values 100 percent of Vicinity at USD 2.92 billion and is expected to close in Q2 2027, subject to regulatory approvals.

Vicinity operates district heating and cooling systems in 12 major U.S. cities. The deal would broaden Kenon's exposure beyond electricity generation, but the proposed investment also commits substantial liquidity to a business that has not yet been consolidated into Kenon's results.

Cash supports the planned expansion

Kenon's stand-alone cash was USD 512 million on June 30, 2026, and USD 605 million on August 31, 2026. At OPC, unrestricted cash stood at USD 1.261 billion on June 30, 2026, against total financial liabilities of USD 2.977 billion, making financing structure an important counterweight to the growth figures.

Kenon also received USD 93 million from Peru in August 2026 as its share of a final arbitration award payment. That inflow provides additional context for the company's ability to fund the Vicinity transaction, while the proposed acquisition remains subject to closing conditions.

Kenon Holdings stock remains below its yearly high

Kenon Holdings stock was last at USD 61.52 on the NYSE on October 6, 2026, with a 52-week range of USD 45.71 to USD 95.93 and volume of 11,894 shares. The stock therefore stood USD 34.41 below its 52-week high, while the current market value was USD 3.2 billion.