Earnings ·
Genie Energy reports Q3 EPS of $0.39 on higher margins; declares $0.075 quarterly dividend
GNEGenie Energy Ltd.
Genie Energy Ltd. reported third-quarter 2026 results showing net income attributable to common stockholders increased to $10.2 million, or $0.39 per diluted share, from $6.4 million, or $0.25 per share, a year earlier. Revenue decreased 8% to $127.2 million as customer meter base contracted, but gross profit rose 37% to $41.2 million due to margin expansion in its retail energy division. Adjusted EBITDA increased 67% to $13.7 million. The company also announced a quarterly cash dividend of $0.075 per share for Class A and Class B common stockholders, payable on or about November 23 with a record date of November 13. Genie Energy Ltd. is a leading retail energy supplier and provider of renewable energy solutions.