For Q1 FY2026 ended March 31, 2026, Genie Energy reported revenue of $142.3 million, up 4.0% year-over-year. Net income was $2.8 million, down 73.4% from the prior year, and operating income fell 86.1% to $1.9 million. Diluted EPS was $0.11, a decrease of 72.5%. The company had $185.9 million in cash, $252.0 million in equity, and $6.5 million in long-term debt.
•Revenue increased 4.0% YoY to $142.3 million.
•Net income declined 73.4% YoY to $2.8 million.
•Operating income fell 86.1% YoY to $1.9 million.
•Diluted EPS was $0.11, down 72.5% YoY.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Genie Energy Ltd., through its subsidiaries provides energy services in the United States and globally. Its operations are structured into two segments, Genie Retail Energy and Genie Renewables.
It resells electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas develops, constructs, and operates utility-scale solar energy projects. It also distributes solar panels.
Its portfolio also includes offers energy procurement and advisory services to industrial, commercial, and municipal customers, and markets solar and alternative products and services. Incorporated in 2011, Genie Energy is headquartered in Newark, New Jersey.
Genie Energy Ltd., through its subsidiaries, provides energy services in the United States and globally. Its operations are structured into two main segments: Genie Retail Energy and Genie Renewables. The Genie Retail Energy segment resells electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. The Genie Renewables segment develops, constructs, and operates utility-scale solar energy projects, and also distributes solar panels. Additionally, the company offers energy procurement and advisory services to industrial, commercial, and municipal customers, and markets solar and alternative products and services.
On which stock exchange is Genie Energy (GNE) listed and what is its trading currency?
Genie Energy Ltd. is listed on the New York Stock Exchange (NYSE) under the ticker symbol GNE. The trading currency for its shares is the US Dollar (USD). As a company headquartered in the United States and operating primarily in US markets, its stock is traded in USD, which is standard for NYSE-listed companies.
What sector and industry does Genie Energy (GNE) operate in?
Genie Energy Ltd. operates in the Utilities sector, specifically within the Utilities - Regulated Electric industry. This means the company is involved in the generation, transmission, and distribution of electricity, often under regulatory oversight. However, Genie Energy's business model includes both regulated-like activities (reselling electricity and natural gas) and renewable energy development, which may involve different regulatory frameworks. The company's focus on solar energy projects also aligns with the broader utilities industry's shift toward cleaner energy sources.
Where is Genie Energy (GNE) headquartered and what markets does it serve?
Genie Energy Ltd. is headquartered in Newark, New Jersey, United States. The company serves customers in the United States and globally. Specifically, its Genie Retail Energy segment resells electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. The Genie Renewables segment develops utility-scale solar projects and distributes solar panels, with operations that may extend beyond the US. Additionally, the company provides energy procurement and advisory services to industrial, commercial, and municipal customers, indicating a broad market reach across different customer segments.
How does Genie Energy (GNE) generate revenue?
Genie Energy generates revenue through two primary segments: Genie Retail Energy and Genie Renewables. The Genie Retail Energy segment earns revenue by reselling electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. This involves purchasing energy from wholesale markets and selling it to end-users at a markup. The Genie Renewables segment generates revenue by developing, constructing, and operating utility-scale solar energy projects, as well as distributing solar panels. Additionally, the company offers energy procurement and advisory services to industrial, commercial, and municipal customers, and markets solar and alternative products and services, which provide fee-based income. This diversified model allows Genie Energy to profit from both traditional energy retail and renewable energy development.