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Genie Energy 2Q26 net income more than quadruples to $11.4 million; revenue falls 4.7% to $100.4 million

PUBT·08/06/2026 11:31:15
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Genie Energy 2Q26 net income more than quadruples to $11.4 million; revenue falls 4.7% to $100.4 million
  • Genie Energy posted 2Q26 net income attributable to common stockholders of USD 11.4 million, up from USD 2.3 million a year earlier; EPS rose to USD 0.43.
  • Revenue fell 4.6% to USD 100.4 million from a year earlier, while gross margin widened 11.2 percentage points to 33.5%.
  • Operating income more than doubled to USD 6.5 million; GAAP gross profit climbed to USD 33.7 million.
  • Genie Retail Energy revenue declined 4.9% to USD 94.1 million, while RCEs ended the quarter at 345,000; churn increased to 5.9%.
  • Genie maintained full-year 2026 adjusted EBITDA guidance of USD 32.5 million to USD 40 million; it declared a USD 0.075 quarterly dividend.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genie Energy Ltd. published the original content used to generate this news brief on August 06, 2026, and is solely responsible for the information contained therein.