Genie Energy (NYSE:GNE) Announces Quarterly Earnings Results

Genie Energy (NYSE:GNE) announced its quarterly earnings data on Thursday. The oil and gas producer reported $0.11 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.07), Zacks reports. The business had revenue of $142.31 million during the quarter, compared to the consensus estimate of $123.83 million. Genie Energy had a net margin of 4.78% and a return on equity of 14.46%.

Here are the key takeaways from Genie Energy’s conference call:

• Genie reported a mixed first quarter and lowered full-year 2026 adjusted EBITDA guidance to $32.5 million-$40 million from $40 million-$50 million because of weaker retail margins and higher investment spending.
• Consolidated gross profit fell 20% to $29.8 million, with adjusted EBITDA down sharply to $2.8 million and diluted EPS dropping to $0.11 from $0.40 a year ago.
• At Genie Retail Energy, first-quarter volatility in power and gas markets compressed margins, but conditions improved in March and management expects the rest of 2026 to return closer to historical norms.
• Customer acquisition remained strong, with 84,000 new retail customers added in the quarter and net increases of 25,000 RCEs and 18,000 meters, while management said the current customer mix is higher value than last year’s municipal aggregation book.
• Management highlighted growth opportunities in GREW and early-stage ventures, including Genie Solar’s expected profitability and Roded’s recycled plastic pallet business, which has already sold product and is expanding capacity.

Genie Energy Stock Up 2.3%

Shares of GNE traded up $0.30 during midday trading on Friday, reaching $13.35. 101,618 shares of the stock were exchanged, compared to its average volume of 61,985. Genie Energy has a 52 week low of $12.69 and a 52 week high of $28.47. The company has a current ratio of 2.38, a quick ratio of 2.29 and a debt-to-equity ratio of 0.03. The company’s 50 day moving average is $14.04 and its two-hundred day moving average is $14.22. The company has a market capitalization of $352.44 million, a P/E ratio of 16.69 and a beta of 0.20.

Genie Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Stockholders of record on Friday, May 22nd will be given a dividend of $0.075 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $0.30 dividend on an annualized basis and a dividend yield of 2.2%. Genie Energy’s dividend payout ratio is presently 37.50%.

Analyst Ratings Changes

Several equities analysts have commented on GNE shares. Wall Street Zen downgraded Genie Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings downgraded Genie Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat, Genie Energy has a consensus rating of “Hold”.

Hedge Funds Weigh In On Genie Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Quarry LP bought a new stake in Genie Energy during the third quarter valued at about $35,000. Cubist Systematic Strategies LLC bought a new stake in Genie Energy during the first quarter valued at about $85,000. New York State Common Retirement Fund boosted its position in Genie Energy by 98.3% during the second quarter. New York State Common Retirement Fund now owns 7,667 shares of the oil and gas producer’s stock valued at $206,000 after purchasing an additional 3,800 shares in the last quarter. The Manufacturers Life Insurance Company bought a new stake in Genie Energy during the second quarter valued at about $214,000. Finally, Virtus Advisers LLC bought a new stake in Genie Energy during the third quarter valued at about $124,000. Institutional investors own 49.15% of the company’s stock.

Genie Energy Company Profile

Genie Energy Ltd. (NYSE: GNE) is a diversified energy holding company that operates through two primary segments: upstream oil and natural gas exploration and retail energy supply. Its exploration arm, Genie Energy E&P, pursues development of oil shale resources and conventional hydrocarbon deposits, holding licenses for projects in regions such as Israel’s Shefela basin and Jordan’s oil shale formations. The division also explores select opportunities in North America, leveraging technical partnerships to advance resource evaluation and pilot production programs.

Genie Retail Energy provides electricity and natural gas to residential and small commercial customers under regulated and deregulated frameworks.