Quarterly ResultMay 14, 2026, 07:32 AM
Genie Energy Q1 Adjusted EBITDA $2.8M; Lowers FY26 Guidance
AI Summary
Genie Energy reported mixed first-quarter 2026 results, with record quarterly revenue but a significant decline in profitability, leading the company to lower its full-year 2026 Adjusted EBITDA guidance. The decrease in earnings was attributed to increased customer acquisition investments, weakness in retail margins, and investments in new business initiatives. Despite the challenging quarter, management expects significant improvement throughout the remainder of the year, with Genie Solar projected to be profitable. The company also declared a quarterly dividend of $0.075 per share.
Key Highlights
- Genie Energy lowers full-year 2026 Adjusted EBITDA guidance to $32.5-$40M from $40-$50M.
- Q1 2026 Adjusted EBITDA decreased 80.4% to $2.8 million from $14.4 million in Q1 2025.
- Q1 2026 revenue increased 4.0% to a record $142.3 million from $136.8 million.
- Net income attributable to common stockholders decreased 73.4% to $2.8 million from $10.4 million.
- Diluted EPS decreased to $0.11 from $0.40 in the prior year quarter.
- Genie Retail Energy (GRE) revenue increased 1.7% to $134.8 million.
- Genie Renewables (GREW) revenue increased 74.3% to $7.6 million.
- Company declared a $0.075 per share quarterly dividend.
Price Impact
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