Quarterly ResultAug 6, 2026, 07:32 AM
Genie Energy Q2 EPS $0.43; Net Income $11.4M
AI Summary
Genie Energy announced strong second quarter 2026 results, with net income attributable to common stockholders surging to $11.4 million and diluted EPS reaching $0.43, significantly up from the prior year. This bottom-line improvement was driven by a substantial increase in gross profit and Adjusted EBITDA, despite a slight decrease in revenue to $100.4 million. The company also declared a quarterly dividend of $0.075 per share and repurchased shares, while maintaining its full-year 2026 Adjusted EBITDA guidance.
Key Highlights
- Net income attributable to common stockholders increased to $11.4 million from $2.3 million (+395.7% YoY).
- Diluted EPS rose to $0.43 from $0.09 (+377.8% YoY).
- Adjusted EBITDA increased to $7.5 million from $3.0 million (+150% YoY).
- Revenue decreased to $100.4 million from $105.3 million (-4.7% YoY).
- Gross profit increased to $33.7 million from $23.5 million (+43.4% YoY).
- Genie Retail Energy (GRE) income from operations increased to $8.3 million from $4.0 million (+107.5% YoY).
- Genie Renewables (GREW) achieved positive Adjusted EBITDA of $0.3 million, up from a loss of $0.1 million.
- Declared a quarterly dividend of $0.075 per share.
- Repurchased approximately 48 thousand shares of Class B Common stock for $659 thousand.
Price Impact
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