secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2026-05-14T11:30:09+00:00
Accession:  0001437749-26-016874
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000143774926016874/0001437749-26-016874-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000143774926016874/gne20260202_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-26-016874

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer