Genie Energy Q2 revenue up 16% to $105.3M but net income drops to $2.8M

Genie Energy Ltd.

2025-Q2 EPS reported $0.51 revenue$242,058,000

Revenue $105.3M (+16% YoY); gross margin fell to 22.3% from 36.8% driven by wholesale power cost increases.
Net income attributable to common $2.8M ($0.11 EPS) vs $9.6M ($0.36 EPS) in prior year.
Adjusted EBITDA $3.0M vs $12.0M year ago; management reaffirms FY 2025 consolidated Adj. EBITDA guidance of $40-50M.
Customer base grew to ~419K meters (+15% YoY); GREW revenue +44% and approached break-even.
Paid $0.075/share quarterly dividend (record Aug 11); repurchased ~159K shares for $2.7M in Q2.

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