Recent 8-K filings for GNE
Highest-materiality recent filing
Genie Energy restates 2023-2025 financials; net income increases ~$55.6M combined
- 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.
-
Genie Energy Q2 net income jumps to $11.4M from $2.3M; EPS $0.43
Revenue $100.4M, down 5% YoY from $105.3M; gross margin expanded to 33.5% from 22.3%.
-
Genie Energy Q1 revenue up 4% to $142.3M, but EPS drops to $0.11; cuts FY EBITDA guidance
Net income of $2.8M ($0.11 diluted EPS) vs $10.4M ($0.40) a year ago.
-
Genie Energy receives NYSE noncompliance notice for late 10-K; will restate 2024, 2023 financials
Received NYSE notice on April 1, 2026, for noncompliance with Section 802.01E due to delayed 10-K filing.
-
Genie Energy postpones annual meeting to June 3 due to financial restatement delay
Annual meeting moved from May 12 to June 3, 2026 at same Newark location.
-
Preliminary Q4/FY25: revenue up 18% but ops income down 54%; FY26 EBITDA guidance $40-50M
Q4 2025 revenue $121.6M (up 18% YoY); income from operations $4.6M (down 54% YoY).
-
Genie Energy restates 2023-2025 financials; net income increases ~$55.6M combined
Audit committee concluded prior financial statements for 2023, 2024, and Q1-Q3 2025 should not be relied upon due to captive insurance liability errors.
-
Genie Energy Q3 revenue up 23.6% to $138.3M, net income drops to $6.7M from $10.2M
Revenue $138.3M (+23.6% YoY) but net income fell to $6.7M ($0.26 EPS) from $10.2M ($0.38).
-
Genie Energy Q2 revenue up 16% to $105.3M but net income drops to $2.8M
Revenue $105.3M (+16% YoY); gross margin fell to 22.3% from 36.8% driven by wholesale power cost increases.
-
Genie Energy Q1 revenue up 14.3% to $136.8M; EPS $0.40 vs $0.30 YoY
Revenue $136.8M (+14.3% YoY); income from operations $12.8M (+30.6%); net income $10.6M ($0.40 diluted EPS).
-
Genie Energy Q4 Adj. EBITDA $11.1M; FY2024 Adj. EBITDA $48.5M at high end of guidance
Q4 revenue $102.9M (-1.9% YoY); GAAP net loss $0.58/diluted share vs $0.90 loss in Q4 2023.
-
Genie Energy Q3 revenue down 10.5% to $111.9M; EPS $0.38 vs $0.53
Revenue $111.9M (down 10.5% YoY); gross margin improved to 33.9% from 32.9%.
-
Genie Energy Q2 revenue $90.7M (-3%), net income $9.6M; reaffirms FY Adj EBITDA guidance $40-50M
Revenue $90.7M, down 3.0% YoY; gross profit $33.3M (-12.8%), gross margin 36.8% vs 40.9%.
-
Genie Energy Q1 revenue $119.7M (+13.7%), EPS $0.30, declares $0.075 dividend
Revenue $119.7M, up 13.7% YoY; gross profit $33.8M, up 1.5%.
-
Genie Energy Q4 revenue up 28.9% to $104.9M, net loss $24.5M due to $45.1M one-time charge
Revenue $104.9M (record Q4), +28.9% YoY; full-year revenue also record.
-
Genie Energy forms captive insurance subsidiary; records $45M non-cash charge in Q4 2023
Paid $51M in premiums to wholly-owned captive insurance entity in Q4 2023.
-
Howard Jonas gains 61% voting control via children's trust share transfer to his partnership
Seven trusts for children of Howard Jonas transferred 1,377,535 Class A shares (87% of Class A) to a limited partnership.
-
Genie Energy Q3 revenue up 54% to record $125M; raises FY 2023 Adj. EBITDA guidance to $52-57M
Revenue $125M (+53.8% YoY); gross margin 32.9% vs 53.1% as energy markets normalized.
-
Genie Energy Q2 revenue $93.5M (+39.6% YoY); raises FY2023 Adjusted EBITDA guidance to $47-55M
Revenue $93.5M (+39.6% YoY); income from operations $15.0M (+27.7%). Diluted EPS from continuing ops $0.45 vs $0.26.
-
Genie Energy redeems all Series 2012-A Preferred Stock; annual meeting results disclosed
All 748,064 outstanding preferred shares redeemed June 16, 2023 at $8.50/share plus accrued dividends; aggregate ~$6.4M.
-
Genie Energy Q1 revenue up 22.5% to $105.3M; EPS $0.54 vs $0.67 YoY; customer base surges
Revenue $105.3M (+22.5% YoY); net income $14.3M (down 18.5%); diluted EPS $0.54 (down 20%).
-
Genie Energy Q4 op income +167% to $15.5M; record FY EPS $3.26
Revenue rose 17.6% to $81.4M in Q4; gross margin expanded 836 bps to 42.7%.
-
Genie Energy posts record Q3 net income $18.3M and Adjusted EBITDA $24.5M; exits European retail ops
Revenue decreased 7.3% to $81.3M, but gross profit rose 24.7% to $43.1M (53.1% margin vs 39.5%).
-
Genie Energy appoints Zwick CPA as new independent auditor
Audit Committee approved Zwick CPA, LLC as new independent registered public accounting firm effective Sept 23, 2022.
-
BDO USA resigns as Genie Energy's independent auditor; material weakness disclosed
BDO resigned on August 24, 2022; no disagreements on accounting principles or audit scope.
-
Genie Energy Q2 net income $33.9M, EPS $1.30; record gross profit
Revenue $75.0M (-1.8% YoY); gross profit $67.5M (+218%) on international hedge book gains.
-
Genie Energy Q1 net income $17.5M, EPS $0.67, vs prior loss; record gross margin 46.2%
Revenue $98.5M, down 8.3% YoY; gross profit surged 259.9% to $45.5M, margin 46.2% vs 11.8%.
Earnings & guidance
Materiality & sentiment trend
Max materiality 0.95 · Median 0.60 · Most common event earnings