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.

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