Energy Recovery Secures Saudi Desalination Contract, Sets Q3 Earnings Date
Energy Recovery, Inc. (NASDAQ:ERII) has secured new contracts to supply its high-capacity PX Q650 energy recovery devices for a major seawater reverse osmosis plant in Saudi Arabia. The company did not reveal the financial value, order size, delivery schedule, or profit margins associated with the agreement. Shares of Energy Recovery closed flat at $6.84 following the announcement.
The contracts expand the adoption of the company's energy-efficient pressure exchanger devices in large-scale international water treatment infrastructure. While financial metrics remain unspecified, securing deals in key Middle Eastern markets highlights ongoing demand for seawater desalination technologies.
Investors will look for further operational details when the company reports its third-quarter 2026 financial results for the period ending September 30. Energy Recovery will release the earnings report on November 4 after the market closes, followed by an executive conference call at 5:00 PM Eastern Time.
Key points
- Energy Recovery secured contracts to provide high-capacity PX Q650 devices for a major Saudi seawater reverse osmosis facility.
- Financial details, including order size, timing, and profit margins, were not disclosed by the company.
- Third-quarter 2026 financial results are scheduled for release on November 4 after the market close.
- A quarterly conference call will take place on November 4 at 5:00 PM ET (2:00 PM PT).
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How we writeDisclaimerQuestions and answers
What contract did Energy Recovery win in Saudi Arabia?
Energy Recovery secured contracts to supply its high-capacity PX Q650 energy recovery devices for a major Saudi seawater reverse osmosis desalination plant.
When will Energy Recovery report its Q3 2026 earnings?
Energy Recovery will release its third-quarter 2026 financial results on November 4, 2026, after the market closes, followed by a conference call at 5:00 PM ET.