Genie Energy Earnings Jump Y/Y in Q2 on Margin Expansion
Genie Energy posts Q2 earnings of 43 cents as the gross margin expands to 33.5% while maintaining its 2026 adjusted EBITDA guidance.

Genie Energy Ltd. is an energy solutions provider delivering electricity and natural gas to individual consumers and small businesses. The company's reach ...
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Est. EPS $0.39 · Revenue $122.00M · 1 analysts
Est. EPS $0.09 · Revenue $112.60M · 1 analysts
Est. EPS $1.02 · Revenue $477.32M · 1 analysts
Est. EPS $0.30 · Revenue $140.16M · 1 analysts
$0.30 per share
$0.30 per share
| Metric | Latest | YoYYoY means Year-over-Year. It compares the latest annual value with the previous annual value to show long-term trend strength. | QoQQoQ means Quarter-over-Quarter. It compares the latest quarter with the immediately previous quarter to show short-term momentum changes. |
|---|---|---|---|
| RevenueThe total money that came through the front door from selling things, before paying a single bill. Think of it as the grand total of every credit card swipe from customers. (YoY compares this year to last year's performance, while QoQ compares the current three months to the previous three). | $502.0M | +18.1% | -29.5% |
| Net IncomeThe absolute bottom line. If the company paid every single supplier, employee, banker, and tax collector, this is the actual money left in their pocket at the end of the day. | $24.0M | +90.7% | +311.8% |
| Gross MarginThe basic markup. If they sell a $100 pair of sneakers, this percentage tells you how much of that price tag is profit right after paying for the rubber and shoelaces, but before paying for things like store rent or TV commercials. | +24.8% | -23.7% | +60.1% |
| Operating MarginThe 'day job' efficiency score. Out of every dollar a customer spends, this shows how many cents the company keeps after making the product AND paying for all the everyday corporate overhead (like salaries, marketing, and keeping the lights on). | +5.8% | +120.3% | +394.1% |
| Net MarginThe final take-home percentage. When you strip away every conceivable cost, tax, and interest payment, this is the exact number of cents the company truly gets to keep from every dollar in sales. | +4.8% | +61.5% | +483.7% |
| Free Cash FlowThe holy grail of corporate cash. It's the spendable, physical money left over after the business pays for its daily operations AND buys the big, expensive upgrades (like new factories or servers) it needs to survive. This is the 'free' money they can use to pay dividends or buy back stock. | $38.2M | -39.1% | +17.7% |
| FCF MarginThe ultimate cash conversion rate. It shows how good the company is at turning regular sales directly into cold, hard, spendable cash. A high percentage means the business is an absolute cash-printing machine. | +7.6% | -48.4% | -16.7% |
| Debt / EquityThe financial risk gauge. It compares how much of the company's empire was built using borrowed money (loans) versus the owners' own money (shareholders). A high number means they are heavily leveraged and playing a riskier game; a low number means they are playing it safe. | 3.5% | -39.5% | +242.9% |
| Current RatioThe 12-month survival check. It simply compares the cash they have right now (plus things they can quickly turn into cash) against the immediate bills they absolutely must pay this year. A score above 1 means they have enough in the wallet to cover the upcoming bills without panicking. | 2.38x | +14.8% | +13.8% |
| Total AssetsThe absolute size of the company's empire. It bundles together absolutely everything of value they own—from the cash in the register and the inventory in the warehouse, to the software patents in the vault and the factories on the ground. | $389.4M | +4.9% | -1.8% |
| Metric | Annual (A vs E) | Annual Surprise | Quarter (A vs E) | Quarter Surprise |
|---|---|---|---|---|
| EPS Surprise | 0.91 vs 1.72 | -47.1% | 0.44 vs 0.25 | +76.0% |
| Revenue Surprise | $502.0M vs $494.6M | +1.5% | $100.4M vs $104.6M | -4.0% |
| Date | Executive | Title | Security | Side | Shares | Price |
|---|---|---|---|---|---|---|
| Aug 3, 2026 | JONAS HOWARD S | director, 10 percent owner: | Class B Common Stock, $.01 par value per share | D | 9,105 | $14.13 |
| Aug 3, 2026 | GOLDIN AVI | officer: CFO | Class B Common Stock, par value $.01 per share | D | 5,116 | $14.13 |
| Aug 3, 2026 | STEIN MICHAEL M | officer: CHIEF EXECUTIVE OFFICER | Class B Common Stock, par value $.01 per share | D | 21,079 | $14.13 |
| Jun 10, 2026 | KATSOF IRWIN | director | Class B Common Stock, par value $.01 per share | A | 2,190 | $14.26 |
| Jun 10, 2026 | KATSOF IRWIN | director | Class B Common Stock, par value $.01 per share | — | 0 | — |
Operator: Good morning, and welcome to the Genie Energy Limited's Second Quarter 2026 Earnings Call. In today's presentation, Genie Energy management will discuss Genie's financial and operational results for the 3 months ended June 30, 2026. During prepared remarks by Genie Energy's Chief Executive Officer, Michael Stein; and Chief Financial Officer, Avi Goldin. [Operator Instructions] Any forward-looking statements made during this conference call, either in the prepared remarks or in Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to the specific risks and uncertainties discussed in the reports that Genie Energy files periodically with the SEC. Genie Energy assumes no obligation either to update any forward-looking statements that they may have made or may make or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation or in the Q&A session, Genie Energy's management may refer to adjusted EBITDA and other non-GAAP measures. The schedule provided in the Genie Energy earnings release reconciles adjusted EBITDA to the nearest corresponding GAAP measures. Please note that the Genie Energy earnings release is available on the Investor Relations page of the Genie website. The earnings release has also been filed on Form 8-K with the SEC. I will now turn the conference over to Michael Stein. Michael Stein: Thank you, operator. In the second quarter, Genie delivered strong bottom line results in both operating segments while continuing to invest in growth opportunities across our businesses and return value to shareholders. At Genie Retail Energy, relatively normalized wholesale energy market conditions enabled us to achieve gross margin on a level comparable to our long-term historical average, and that drove a significant year-over-year improvement in our bottom line results. GRE's top line declined 5%, primarily reflecting the expiration of aggregation deals over the past year. The deals typically generate low-margin revenue, so the impact of their expiration on our bottom line was minimal. At quarter end, we served 345,000 RCEs and 363,000 meters compared to 413,000 RCEs and 419,000 meters a year earlier. During the second quarter, we added 65,000 gross new customers compared to 70,000 a year earlier. Total customer acquisition expense increased materially as we acquired a higher percentage of customers through higher cost of acquisition channels and fewer through lower-cost channels. We approach these low-cost channels opportunistically as they generate lower margin customers compared to higher cost channels. We allowed low-cost channel acquisition volumes to fluctuate depending on how competitive market rates compare to the incumbent utilities offerings. In the second quarter, with …
| Name | Title | Compensation | Gender | Year Born | Status |
|---|---|---|---|---|---|
Michael Stein | Chief Executive Officer | USD 1,371,250 | Male | 1984 | Active |
Avi Goldin | Chief Financial Officer | USD 869,025 | Male | 1977 | Active |
Joyce J. Mason | Corporate Secretary & Director | — | Female | 1959 | Active |
Alan Schwab | President & Chief Operating Officer of Genie Retail Energy, Inc. | — | Male | — | Active |
Bill Ulrey | Vice President of Investor Relations & External Affairs | — | Male | — | Active |
Genie Energy posts Q2 earnings of 43 cents as the gross margin expands to 33.5% while maintaining its 2026 adjusted EBITDA guidance.

Genie Energy NYSE: GNE reported higher second-quarter profitability as normalized wholesale energy market conditions restored margins at its retail energy business, while its growth segment reached positive EBITDA.

Genie Energy Ltd. (GNE) Q2 2026 Earnings Call Transcript

NEWARK, NJ, Aug. 06, 2026 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the second quarter of 2026.

NEWARK, NJ, July 22, 2026 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the three months ended June 30, 2026 on Thursday, August 6, 2026.
