GNE

Shares of Genie Energy, Ltd. (GNE) slipped 0.7% following the release of its first-quarter 2026 results compared with the S&P 500’s 0.4% decline over the same period. However, over the past month, the stock has gained 1.3%, trailing the S&P 500’s 5.2% advance. Genie Energy reported mixed first-quarter 2026 results, with revenues reaching a record quarterly level, even as profitability declined sharply from the prior-year period. Total revenues increased 4% year over year to $142.3 million from $136.8 million, supported by higher natural gas sales and strong growth in the renewables segment. However, gross profit fell 20.2% to $29.8 million, while gross margin narrowed to 20.9% from 27.3%. Net income attributable to Genie common stockholders dropped 73.4% to $2.8 million from $10.4 million a year earlier. Diluted earnings per share declined to 11 cents from 40 cents in the prior-year quarter. Adjusted EBITDA decreased 80.4% year over year to $2.8 million from $14.4 million. Genie Energy Ltd. price-consensus-eps-surprise-chart | Genie Energy Ltd. Quote Retail Energy Performance Weakens Amid Commodity Volatility Genie Retail Energy (“GRE”), the company’s largest segment, generated revenues of $134.8 million in the quarter, up 1.7% year over year. Electricity revenues declined 4.5% to $99.4 million, while natural gas revenues rose 24.4% to $35.4 million. The company attributed the revenue growth primarily to volatility in energy commodity markets that led to higher energy prices. Despite the revenue increase, profitability in the segment deteriorated significantly. GRE income from operations fell 60.6% to $6.6 million, while Adjusted EBITDA declined 59.1% to $7 million. Gross margin for the segment narrowed to 21.6% from 27.1% in the year-ago quarter. Management said that severe winter weather and extreme cold in the first two months of the quarter drove sharp increases in electricity and gas procurement costs, compressing margins. During the earnings call, management noted that power and gas costs increased 28% and 55% per unit, respectively, though hedging and pricing strategies partially offset the impact. Operationally, GRE ended the quarter with 354,000 residential customer equivalents (RCEs), down 11.7% year over year, and 364,000 meters, down 11.8%. However, gross meter additions increased 38.2% to 84,000 during the quarter. Churn edged up to 5.8% from 5....

Chris Hohn ranks among the list of the richest hedge fund managers in the world. While Genie Energy Ltd. (NYSE:GNE) remains the billionaire’s largest position, Moody’s Corporation (NYSE:MCO) ranks 4th on the list of Chris Hohn’s top holdings with a 12.67% portfolio share. On April 27, Mizuho cut its price target on Moody’s Corporation (NYSE:MCO) to $521 from $524 while keeping a Neutral rating on the stock. The firm revised its expectations based on the company’s first-quarter 2026 results. Moody’s Corporation (NYSE:MCO) announced earnings per share of $4.33 and revenue of $2.1 billion, both surpassing market estimates. The Moody’s Investors Service branch of the corporation anticipates high-single-digit percentage growth in 2026, driven by low-single-digit percentage issuance growth. The company is anticipated to be supported by solid refinancing requirements, M&A activity, and secular issuance dynamics. That said, BMO Capital maintained its Market Perform rating while increasing its price target on Moody’s Corporation (NYSE:MCO) from $463 to $489. Despite slowing issuance growth, the firm highlighted the company’s revenue-driven performance. Although tensions in the Middle East have raised volatility, Moody’s management claims that timing, instead of demand, is being affected. According to BMO, AI adoption will help reputable, proprietary data suppliers like Moody’s. Moody’s Corporation (NYSE:MCO) is an integrated risk assessment company that provides credit research, credit models, analytics, and economic data as part of its risk management services. While we acknowledge the potential of MCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years Disclosure: None. Follow Insider Monkey on Google News.

Image source: The Motley Fool. Thursday, May 14, 2026 at 8:30 a.m. ET Chief Executive Officer — Michael Stein Chief Financial Officer — Avi Goldin Michael Stein: Thank you, operator. GE's first quarter results were mixed as investments in the customer acquisition at GRE and the new business initiatives at GREW, combined with weakness in retail margins negatively impacted our bottom line despite record quarterly revenue. As a result, we are lowering full year 2026 guidance to $32.5 million to $40 million, in adjusted EBITDA from the prior range of $40 million to $50 million. At GRE, challenging commodity market conditions in the first 2 months of the quarter caused by extreme cold compressed margins for both electricity and gas. Thankfully, in March, margins returned to normalized levels in line with our historical averages. We also increased our customer acquisition spend this quarter to acquire 84,000 new retail customers during the first quarter. At March 31, we had 354,000 RCEs and 364,000 meters, achieving net increases of 25,000 RCEs and 18,000 meters in just the first quarter of the year. And unlike last year at this time, when we held a significant number of meters through municipal aggregation deals, our current meters are at higher value. Over the past 12 months, we have significantly reduced the number of low-margin municipal aggregation customers in our book. At GREW, our performance in the first quarter reflected increased investment in several early-stage growth initiatives and a further write-down of our solar panel inventory. Despite the tough first quarter, we expect to see significant improvement throughout 2026. GRE is a resilient, strongly cash-generative business that by its nature, will have episodes of margin compression like this one, but also opportunities for exceptional profitability. Assuming normal wholesale market conditions and with our proven customer acquisition engine, we expect strong performance from GRE for the rest of the year. At GREW, all three strategic areas of our business are in good shape. Diversity continues to grow its book of business and generate cash. Genie Solar is on track to be profitable for the remainder of the year and beyond, and we expect that our key early-stage initiatives collectively will gradually pivot towards profitability as they gain scale in the coming quarters. Among these initiatives, I'm p...

Interested in Genie Energy Ltd.? Here are five stocks we like better. Genie Energy cut its full-year 2026 adjusted EBITDA outlook to $32.5 million-$40 million from $40 million-$50 million after a first quarter hit by weaker retail energy margins, higher acquisition spending, and growth investments. Revenue rose 4% to $142 million, but gross profit fell 20% and gross margin dropped to 21% as severe winter weather pushed up power and gas costs and pressured retail energy margins. The company accelerated customer acquisition, adding 84,000 new retail customers, while its early-stage businesses led by Roded expanded, though they also increased losses as Genie continued winding down non-core solar operations. Will Fed Rate-Hike Pause Lead To Small-Cap Outperformance? Genie Energy (NYSE:GNE) lowered its full-year 2026 adjusted EBITDA outlook after a first quarter in which record revenue was offset by weaker retail energy margins, higher customer acquisition spending and investment in early-stage growth initiatives. Chief Executive Officer Michael Stein said the company now expects 2026 adjusted EBITDA of $32.5 million to $40 million, down from its previous range of $40 million to $50 million. Stein described the quarter’s results as “mixed,” saying extreme cold in the first two months of the quarter compressed electricity and natural gas margins at Genie Retail Energy, or GRE. → Rocket Lab Just Hit a New All-Time High—Time to Buy or Let It Breathe? Don't Overlook This Reliable, Dividend-Paying Sector “Thankfully, in March, margins returned to normalized levels in line with our long-run historical averages,” Stein said. Chief Financial Officer Avi Goldin said consolidated revenue increased 4% from the prior-year quarter to $142 million. The gain was driven by the commodity pricing environment in the retail business and increased sales of remaining solar panel inventory at Genie Solar, though those sales reduced margins. → MP Materials Is Quietly Building a Rare Earth Powerhouse Consolidated gross profit fell 20% to $29.8 million, and gross margin declined 640 basis points to 21%. Goldin said volatility in power and gas costs hurt results, particularly during the severe winter weather early in the quarter. At GRE, revenue rose 2% to $134.8 million. Gas sales increased 24%, partially offset by a 4% decrease in electricity sales. GRE gross profit declined 19% to $29.1...

Our analysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here. Management attributed the first quarter's bottom-line weakness to extreme cold in January and February, which caused volatility in power and gas markets and compressed retail margins. The company executed a strategic shift in its retail book by reducing low-margin municipal aggregation customers in favor of higher-value meters. Record quarterly revenue was driven by the commodity price environment and the liquidation of solar panel inventory, though the latter occurred at reduced margins. Management increased customer acquisition spending significantly, adding 84,000 new retail customers to accelerate growth despite the challenging macro environment. The GREW segment's performance was impacted by a further write-down of solar panel inventory and increased funding for early-stage ventures like Roded. The Roded venture is scaling rapidly, having maxed out its first production line for recycled plastic pallets and currently constructing a second line. Full-year 2026 adjusted EBITDA guidance was lowered to a range of $32.5 million to $40 million, down from the previous $40 million to $50 million. Management expects retail margins to return to historical averages for the remainder of the year following a normalization observed in March. Early-stage initiatives within the GREW segment are projected to gradually pivot toward profitability as they gain scale in the coming quarters. The company plans for its nascent ventures to reach a point by year-end where they require lower levels of further capital investment. Genie Solar is expected to be profitable for the remainder of 2026 and beyond as it moves past legacy project wind-downs. The company recorded a significant write-down in the value of its solar panel inventory as it continues to wind down non-core operations. Power and gas costs per unit increased by 28% and 55%, respectively, during the quarter due to severe winter weather. SG&A expenses rose 17% year-over-year, primarily reflecting a $3 million increase in customer acquisition costs and investments in new business initiatives. The balance sheet remains liquid with $199.8 million in cash and marketable securities, providing a buffer for ongoing strategic investments. One stock. Nvidia-level potential. 30M...

Newark, NJ, May 14, 2026 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the first quarter of 2026. Michael Stein, Chief Executive Officer of Genie Energy, commented: Genie's first quarter results were mixed as investments in customer acquisition at GRE and in new business initiatives combined with weakness in retail margins to impact our bottom line despite record quarterly revenue. As a result, we are lowering full year 2026 guidance from $40 to $50 million, to $32.5 to $40 million in Adjusted EBITDA. At GRE, challenging commodity market conditions in the first two months of the quarter compressed margins before rebounding in March. We also increased our customer acquisition spend this quarter, reflecting increases in the rate of new customer acquisition and in the cost of acquisition per customer. At GREW, we ramped up investment in several early-stage growth initiatives and further wrote down our inventory of solar panels. Despite the tough first quarter, we expect to see significant improvement as we progress through the remainder of the year. GRE is a resilient business that, by its nature, will have episodes of margin compression like this one but also opportunities for exceptional profitability. At GREW, all three primary areas of business are in good shape. Diversegy continues to grow its book of business and generate cash. Genie Solar is on track to be profitable for the remainder of the year and beyond. And we expect that our key earlier-stage initiatives, collectively, will gradually pivot towards profitability as they gain scale in the coming quarters. First Quarter 2026 Highlights (Unless otherwise noted, results are for 1Q26 and are compared to 1Q25). Select Financial Metrics Segment Highlights Genie Retail Energy (GRE) GRE's 1Q26 revenue increased 1.7% to $134.8 million from $132.5 million in 1Q25 primarily reflecting volatility in energy commodity markets resulting in higher energy prices. Income from operations decreased 60.6% to $6.6 million from $16.9 million, and Adjusted EBITDA decreased 59.1% to $7.0 million from $17.1 million. The decreases primarily reflect increased commodity cost and increased customer acquisition expense compared to 1Q25. GRE Operational Metrics Genie Renewables (GREW) GREW's 1Q26 revenue increased 74.3% to $7.6 millio...

NEWARK, N.J. (AP) — NEWARK, N.J. (AP) — Genie Energy Ltd. (GNE) on Thursday reported earnings of $2.8 million in its first quarter. On a per-share basis, the Newark, New Jersey-based company said it had profit of 11 cents. The provider of oil and gas energy services posted revenue of $142.3 million in the period. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on GNE at https://www.zacks.com/ap/GNE

Annual meeting of Genie stockholders will be held June 10, 2026 NEWARK, NJ, May 08, 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 first quarter 2026 on Thursday, May 14, 2026. Genie Energy will announce its results through an earnings release issued over a wire service and posted in the “Investors” section of the Genie Energy website (https://genie.com/investors/quarterly-earnings/) at 7:30 AM Eastern. The release also will be filed in a current report (Form 8-K) with the SEC. At 8:30 AM Eastern, Genie Energy’s management will host a conference call to discuss financial and operational results, business outlook, and strategy. The call will begin with management’s remarks followed by Q&A with investors. To participate in the conference call, dial 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) and provide the following participant access code: 359213. Approximately three hours after the call, a call replay will be accessible by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and providing the replay passcode: 53980. The replay will remain available through Thursday, May 28, 2026. In addition, a recording of the call will be available for playback through the Genie Energy website. The date of Genie Energy’s Annual Meeting of Stockholders has been changed from June 3, 2026 to June 10, 2026 at 2:30 p.m. at Genie Energy’s headquarters (520 Broad Street, 4th Floor, Newark, New Jersey 07102). In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”)...

Shares of Genie Energy Ltd. GNE have gained 2.6% since reporting results for 2025. This compares with the S&P 500 index’s 0.1% return over the same time frame. Over the past month, the stock has inched up 2% compared with the S&P 500’s 9.9% rise. Genie Energy’s 2025 results reflected higher year-over-year revenues but weaker earnings as rising energy costs pressured margins. Total revenues in the Genie Retail Energy (“GRE”) segment rose 18.6% to $478.5 million from $403.3 million in 2024. Electricity revenues increased 17.8% to $412.8 million, while natural gas revenues climbed 26% to $65.7 million. However, GRE’s operating income fell 21.8% to $44.2 million from $56.5 million a year earlier as the cost of revenues jumped 32.7% to $359.9 million. Gross profit declined 10.3% to $118.5 million. The company attributed the revenue gains primarily to increased customer consumption, customer acquisitions and higher pricing in line with market conditions. Net income attributable to Genie Energy common stockholders declined 32.4% to $24 million from $35.5 million in 2024. Earnings per share decreased to 90 cents from $1.31 in the prior-year period. Genie Energy Ltd. price-consensus-eps-surprise-chart | Genie Energy Ltd. Quote The retail energy business continued to account for the vast majority of Genie Energy’s operations, representing roughly 95% of consolidated revenues in 2025. Customer growth contributed to stronger electricity and natural gas sales volumes. Electricity consumption increased 15.8% year over year, reflecting an 8.3% rise in average meters served and a 6.9% increase in average consumption per meter. Management said the increase in meter count stemmed from customer acquisitions completed during 2024 and 2025. Natural gas consumption rose 12.2%, helped by colder weather in several service territories in the first half of 2025. The company also benefited from a 12.3% increase in average revenue per therm sold due to broader market pricing conditions. Despite higher sales, profitability weakened as wholesale energy procurement costs increased sharply. Genie noted that volatility in electricity and natural gas markets continued to affect margins because the company cannot always pass higher supply costs through to customers, particularly under fixed-rate contracts. At Dec. 31, 2025, GRE serviced 346,000 meters, down from 423,000 a year earlier, while...

Image source: The Motley Fool. Thursday, August 7, 2025 at 8:30 a.m. ET Chief Executive Officer — Michael M. Stein Chief Financial Officer — Avi Goldin Need a quote from a Motley Fool analyst? Email [email protected] Michael M. Stein: Thank you, operator. Our second quarter yielded mixed results. On the one hand, it was highlighted by solid operational progress and double-digit top line growth. On the other hand, our bottom line was impacted by significant margin compression at GRE, which weighed on our bottom line results. At GRE, we expanded our customer base in the second quarter to approximately 419,000 meters served, comprising approximately 414,000 RCEs, representing a year-over-year increase of 15% and 20% in meters and RCEs, respectively. Churn in the second quarter dropped to 4.8% from 5.5% in the first quarter, and I think, we can and will continue to make progress as we further improve our customer retention operations. GRE's bottom line, however, was impacted by wholesale power price increases in some of the supply markets, most notably within the PJM and MISO interconnection zones. The volatility in the quarter was driven by policy concerns and by warmer-than-usual weather, particularly in June. There have been times over the past few years where wholesale price volatility has led to margin upside for the company. However, this quarter, the impact was against us. GREW delivered very strong results. Revenue increased 44% and the segment approached breakeven even as we invested in some of our newly developing businesses. At Diversegy, our brokerage and energy advisory business, revenue increased year-over-year by over 50% and profitability increased by almost 3,000%. At Genie Solar, revenue jumped over 6x the year ago level to $1 billion, reflecting a solid quarter from its portfolio of operating arrays and the bottom line loss decreased by 90% as we also significantly reduced SG&A. Turning now to Genie Solar's development pipeline. We are making good progress on the more advanced projects, including our Lansing Community Solar project, which I'm excited to say we expect to commission in the third quarter. Meanwhile, we have paused work on several of the earliest stage development pipeline projects to reevaluate their economics in light of recent changes in the development landscape. On the one hand, we anticipate unprecedented demand for power from dat...

Image source: The Motley Fool. Monday, Nov. 3, 2025 at 8:30 a.m. ET Chief Executive Officer — Michael Stein Chief Financial Officer — Avi Goldin Michael Stein: Thank you, operator. Genie Energy achieved another quarter of double-digit top line growth, leading to record high third quarter revenue. The revenue increase was fueled by an increase in per meter electricity consumption, rising commodity prices and RCE-based growth at GRE. However, the challenging market conditions that impacted GRE's second quarter results persisted in the third quarter and again weighed on our bottom line with diluted EPS decreasing to $0.26 per share from $0.38 per share. Throughout 2023 and 2024, we were able to generate strong margins, thanks to favorable market conditions and our ability to monetize a portion of our forward hedge positions. So far this year, the rapid run-up in energy commodity prices has cut against us and outstripped the protection afforded by our commodity hedges. The financial impact of this rapidly rising commodity price environment has been somewhat amplified by the increasing percentage of fixed price contracts in our retail book, most notably the large municipal aggregation deal that expires during Q4. These negotiated fixed rate price contracts typically generate large sales volumes at significantly lower margins than the individual customer and small business accounts that comprise the balance of our retail book. Previous aggregation deals we won were reasonably profitable. This one has been less successful due to the market volatility. However, margin volatility is inherent in our retail business, and we do expect conditions to improve. In fact, we are seeing indications that, that process is underway now in Q4, and we expect that margins will continue to strengthen as we get further into 2026. Our management team has successfully operated this business through a variety of different margin cycles, and I'm confident that this one will be no different. At GRE, we continue to prioritize the acquisition of high-consumption electric meters. In the third quarter, we grew our electricity customer base to approximately 318,000 RCEs, representing a year-over-year increase of 5.4%. While our gas book contracted on a combined basis for both electricity and gas, we increased total RCEs by 4.2% to 396,000, while total meters increased 0.8% to 402,000. GRE's thi...