---
schema_version: "secwatch.filing_event.v1"
accession: "0001437749-26-007981"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2026-03-12T23:59:59+00:00"
generated_at: "2026-05-15T13:16:56.638752+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.95
calibrated_materiality_score: 0.95
confidence: "high"
source: SEC EDGAR
---

# Genie Energy restates 2023-2025 financials; net income increases ~$55.6M combined

## Summary
- Audit committee concluded prior financial statements for 2023, 2024, and Q1-Q3 2025 should not be relied upon due to captive insurance liability errors.
- Preliminary restatement: 2023 net income +$32.7M, 2024 net income +$22.9M; income from operations and taxes also rise.
- Material weaknesses in internal control over financial reporting identified; remediation actions underway.
- Restatement triggered by prior auditor Zwick CPA's PCAOB registration revocation, requiring re-audit of 2023-2024.
- Company expects to file NT 10-K extension by March 16, 2026 to delay Comprehensive 10-K filing.

## SEC filing metadata
- accession: 0001437749-26-007981
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2026-03-12T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.95
- calibrated_materiality_score: 0.95
- confidence: high
- sec_items: 4.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000143774926007981/0001437749-26-007981-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000143774926007981/gne20260312_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437749-26-007981
- JSON: https://secwatch.observer/filing/0001437749-26-007981.json
- Plain text: https://secwatch.observer/filing/0001437749-26-007981.txt

## Source-grounded claims
- claim_id: f622fdbec0558131e609d73acce983a2da88b2d0
  claim: Genie Energy Ltd. reported that prior financial statements should not be relied upon.
  evidence_excerpt: should not be relied upon and require restatement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000143774926007981/0001437749-26-007981-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.