Genie Energy Ltd.
15.32+0.04 (+0.26%)
Oct 28, 4:00:02 PM EDT · NYSE · GNE · USD
Key Stats
Market Cap
409.18MP/E (TTM)
37.37Basic EPS (TTM)
0.41Dividend Yield
0.02%Recent Filings
8-K
Mixed Q2 earnings with margin squeeze
Genie Energy reported Q2 2025 revenue up 16.0% to $105.3 million, driven by 14.2% growth in Genie Retail Energy to $99.0 million from customer expansion to 414,000 RCEs, yet margins crushed to 22.3% from 36.8% due to higher wholesale power costs and hot weather. Renewables revenue surged 57.3% to $6.3 million, nearing breakeven, while the company repurchased 159,000 shares for $2.7 million and declared a $0.075 per share dividend. It eyes $40-50 million Adjusted EBITDA for 2025, but paused new solar projects after tax credit changes.
10-Q
Q2 FY2025 results
Genie Energy's Q2 revenue climbed 16.1% year-over-year to $105.3M, driven by 14.8% higher electricity sales from 17.5% more consumption amid steady customer growth, though natural gas margins dipped to 0.5% on 51.5% cost spikes. Gross margins contracted to 22.3% from 36.8%, squeezing operating income 81.0% to $2.0M, while diluted EPS fell to $0.11 from $0.36 on 26,516 shares. Cash swelled to $105.4M with $14.2M operating inflow, supporting $9.0M dividends and buybacks; free cash flow hit $10.5M after $3.7M capex. The renewables unit posted a slim $0.2M operating loss but lifted other revenue 57.3%. Yet regulatory pressures, like the Illinois consumer fraud suit, loom large.
8-K
Q2 Dividend Declaration
Genie Energy declared a $0.075 per share cash dividend on its Class A and Class B common stock for Q2 2025, payable on or about August 19 to shareholders of record on August 11. This steady payout underscores the company's commitment to returning capital amid its retail energy and renewables operations. Yet risks could alter future distributions.
8-K
Auditor change at Genie
Genie Energy Ltd. dismissed Zwick CPA as its independent auditor on July 9, 2025, after clean audit reports for 2023 and 2024 with no disagreements or reportable events. The audit committee then appointed CBIZ CPAs following a competitive bid. This switch ensures seamless oversight amid routine financial reporting.
10-Q
Q1 FY2025 results
Genie Energy kicked off 2025 with solid momentum, as revenues climbed 14.3% year-over-year to $136.8M, driven by 16.4% higher electricity sales and 26.8% more natural gas revenue from colder weather boosting demand in the Eastern and Midwestern U.S. Gross profit rose 10.6% to $37.4M, with margins dipping slightly to 27.3% amid softer pricing, yet operating income surged 30.3% to $12.8M on tighter costs. Diluted EPS from continuing operations held steady at $0.40, aligning with 26,612K weighted shares. Cash swelled to $112.5M, free cash flow hit $11.7M (derived), while total debt stayed low at $9.0M under a $7.4M solar term loan maturing 2031. No major M&A closed this quarter. Still, regulatory scrutiny in states like Illinois poses ongoing risks.
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