Genie Energy Ltd. (GNE) Form 10-Q — Aug 6, 2026

$GNEForm 10-QFiled Aug 6, 2026, 3:16 PM ET0001437749-26-026209Original filing

Genie Energy's Q2 2026 10-Q shows revenue of $100.4 million, down about 4.6% year over year, but net income attributable to common stockholders surged to $11.4 million from $2.3 million, with EPS of $0.44 versus $0.09 a year ago. The profit jump came from gross margin expansion to 32.2% from 21.5% as commodity costs fell faster than customer rates, plus $3.8 million of other income including unrealized investment gains and a property sale gain; for the first half, operating income still fell 47% to $8.4 million and operating cash flow was negative $9.9 million.

Key figures

Eps: 0.44 basic / 0.43 diluted
Revenue: 100399000
Net Income: 11440000
Revenue Yoy: -4.6%
Total Assets: 369719000
Cash Position: 184841000
Payable To BP: $24.3M
Meters Served: 362,000 at 6/30/26 vs 419,000 at 6/30/25
Gross Margin Q2: 32.2% vs 21.5% year ago
Gross Profit Q2: $33.7M, up 43.4% YoY
Other Income Q2: $3.8M (incl. unrealized investment gains and property sale gain)
Monthly Churn Q2: 5.9% vs 4.8% year ago
Quarterly Dividend: $0.075 per share
Q2 Share Repurchases: $0.7M (47,672 shares); 3.4M shares remain authorized
Purchase Commitments: $129.9M ($127.9M electricity)
Gre Operating Income Q2: $8.3M, up 108.3% YoY
Lumo Bankruptcy Claims: €40.0M (~$45.6M equivalent)
Six Month Operating Income: $8.4M, down 46.7% YoY
Solar Inventory Write Down: $0.9M
Operating Cash Flow Six Months: -$9.9M vs +$16.5M prior year

Price after filing

1 day: +1.4%7 days: +5.2%30 days: +11.3%

Close on the filing date to close N calendar days later (from $13.93). Historical, not a forecast.

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