Genie Energy Q1 revenue up 4% to $142.3M, but EPS drops to $0.11; cuts FY EBITDA guidance

Genie Energy Ltd.

Net income of $2.8M ($0.11 diluted EPS) vs $10.4M ($0.40) a year ago.
Adjusted EBITDA fell to $2.8M from $14.4M; FY 2026 guidance reduced from $40-50M to $32.5-40M.
Gross profit down 20.2% to $29.8M; margin compressed to 20.9% from 27.3% on weak retail margins.
Customer acquisition spend increased; inventory writedown on solar panels impacted results.
Quarterly dividend of $0.075 per share payable June 2; record date May 22.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Genie Energy Ltd. reported the quarter ended March 31, 2026 results: revenue $142.3 million, net income $2.8 million, EPS $0.11. Guidance lowered.

Period: the quarter ended March 31, 2026
Revenue: $142.3 million
Net income: $2.8 million
EPS: $0.11
Guidance: lowered
Result: reported results

Exact text from the filing

as they gain scale in the coming quarters. First Quarter 2026 Highlights (Unless otherwise noted, results are for 1Q26 and are compared to 1Q25). ● Revenue increased 4.0 % to $ 142.3 million - a record quarterly level for Genie - from $ 136.8 million; ● Gross profit decreased 20.2% to $ 29.8 million from $ 37.4 million; Gross margin decreased to 20.9% from 27.3% ; ●

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Source: SEC EDGAR

accession 0001437749-26-016874

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