Earnings ·
Genie Energy Ltd. reported second quarter 2026 results with revenue decreasing to $100.4 million from $105.3 million…
GNEGenie Energy Ltd.
Genie Energy Ltd. reported second quarter 2026 results with revenue decreasing to $100.4 million from $105.3 million, while gross profit increased to $33.7 million and net income attributable to common stockholders rose to $11.4 million. Diluted earnings per share improved to $0.43 compared to $0.09 in the prior year period, driven by a gross margin expansion to 33.5% from 22.3%. The company announced a quarterly cash dividend of $0.075 per share for Class A and Class B common stockholders, with a record date of August 14, 2026, and payment on or about August 24, 2026. Genie maintained its full year 2026 Adjusted EBITDA guidance of $32.5 to $40 million. The company operates in the retail energy sector, supplying electricity and natural gas to residential and small business customers while providing renewable energy solutions.