Genie Energy (GNE) Company Report

Genie Energy reported record-high third-quarter revenue of $138.3 million, a 24% increase compared to Q3 2024, primarily driven by its retail supply business.
Despite revenue growth, diluted EPS decreased to $0.26 per share from $0.38 per share in the prior year, and consolidated gross profit fell 21% to $30 million, attributed to rising commodity costs and fixed-price contracts.
The retail energy segment (GRE) increased its electricity customer base to approximately 318,000 RCEs, a 5.4% year-over-year increase.
The company expects to achieve the lower end of its full-year 2025 adjusted EBITDA guidance range of $40-$50 million.
In Q3 2025, Genie Energy repurchased approximately 124,000 shares for $2 million and paid a quarterly dividend of $0.075 per share.

Nov 3, 2025, 1:30 PM

Genie Energy Reports Record Q3 2025 Revenue and Provides Outlook

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Earnings

Guidance Update

New Projects/Investments

Genie Energy Ltd. reported record revenue of approximately $138 million for the third quarter of 2025, marking a 23.6% increase compared to the previous year, driven by higher electricity consumption, rising commodity prices, and growth in retail customer equivalents.
Despite the revenue growth, the company’s earnings fell to $0.26 per share (or $0.27 per share by another source) from $0.38 per share last year, missing analyst estimates of $0.57, with increasing commodity costs continuing to pressure margins.
The company anticipates full year 2025 Adjusted EBITDA to be at the low end of the $40 million to $50 million range, with expected margin improvements in the retail energy segment in the fourth quarter of 2025 and into 2026.
Genie Energy's electricity customer base grew by about 5.4% to roughly 318,000 RCEs, and its renewable segment is advancing with the Lansing community solar project nearing completion and expected to begin generating revenue in the fourth quarter.

Nov 3, 2025, 12:48 PM

Genie Energy Announces Third Quarter 2025 Results

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Earnings

Guidance Update

Share Buyback

Genie Energy reported a 23.6% increase in revenue to $138.3 million for Q3 2025, up from $111.9 million in Q3 2024, driven by increased per meter electricity consumption, rising commodity prices, and RCE base growth at Genie Retail Energy (GRE).
Net income attributable to common stockholders decreased to $6.7 million ($0.26 diluted EPS) in Q3 2025 from $10.2 million ($0.38 diluted EPS) in the prior year quarter, and Adjusted EBITDA decreased to $8.2 million from $13.6 million, primarily due to challenging market conditions and increased commodity costs impacting GRE's margins.
Genie Retail Energy (GRE) grew its electricity customer base to approximately 318,000 RCEs, representing a 5.4% year-over-year increase, and total RCEs increased 4.2% to 396,000.
The company repurchased approximately 124,000 shares for $2.0 million during Q3 2025 and declared a quarterly dividend of $0.075 per share.
For the full year 2025, Genie Energy expects to achieve its annual guidance range of $40 million to $50 million in Adjusted EBITDA, albeit at the low end of the range.

Nov 3, 2025, 12:34 PM

Genie Energy Announces Third Quarter 2025 Results

GNE

Earnings

Guidance Update

Share Buyback

Genie Energy reported record third quarter revenue of $138.3 million in Q3 2025, an increase of 23.6% compared to $111.9 million in Q3 2024.
Net income attributable to Genie common stockholders for Q3 2025 was $6.7 million, or $0.26 per diluted share, down from $10.2 million, or $0.38 per diluted share, in Q3 2024.
Adjusted EBITDA decreased to $8.2 million in Q3 2025 from $13.6 million in Q3 2024, primarily due to challenging market conditions and increasing commodity costs impacting margins at Genie Retail Energy (GRE).
GRE grew its electricity customer base to approximately 318,000 RCEs, a 5.4% year-over-year increase, and total RCEs increased 4.2% to 396,000.
The company repurchased approximately 124,000 shares for $2.0 million during Q3 2025 and will pay a $0.075 per share quarterly dividend. For the full year 2025, Genie Energy expects to achieve its annual guidance range of $40 million to $50 million in Adjusted EBITDA, albeit at the low end of the range.