Genie Energy (NYSE:GNE – Get Free Report) released its quarterly earnings data on Thursday. The oil and gas producer reported $0.11 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07), Zacks reports. Genie Energy had a net margin of 3.18% and a return on equity of 10.08%. The company had revenue of $142.31 million for the quarter, compared to analyst estimates of $123.83 million.
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 Genie Energy stock opened at $13.35 on Friday. The business’s fifty day moving average price is $14.02 and its two-hundred day moving average price is $14.21. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.38 and a quick ratio of 2.29. The company has a market capitalization of $352.45 million, a P/E ratio of 16.69 and a beta of 0.20. Genie Energy has a 1-year low of $12.69 and a 1-year high of $28.47.
Genie Energy Announces Dividend
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Freedom Capital upgraded Genie Energy from a “hold” rating to a “strong-buy” rating in a research report on Friday. Wall Street Zen lowered Genie Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Weiss Ratings lowered Genie Energy from a “hold (c)” rating to a “hold (c-)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy”.
Read Our Latest Stock Analysis on Genie Energy
Institutional Trading of Genie Energy
Several hedge funds have recently added to or reduced their stakes in the business. First Trust Advisors LP raised its stake in shares of Genie Energy by 1.6% in the 4th quarter. First Trust Advisors LP now owns 66,180 shares of the oil and gas producer’s stock worth $912,000 after buying an additional 1,049 shares in the last quarter. Algert Global LLC raised its stake in shares of Genie Energy by 534.5% in the 3rd quarter. Algert Global LLC now owns 59,441 shares of the oil and gas producer’s stock worth $889,000 after buying an additional 50,073 shares in the last quarter. Jane Street Group LLC raised its stake in shares of Genie Energy by 128.9% in the 1st quarter. Jane Street Group LLC now owns 45,372 shares of the oil and gas producer’s stock worth $683,000 after buying an additional 25,548 shares in the last quarter. Occudo Quantitative Strategies LP bought a new stake in shares of Genie Energy in the 2nd quarter worth $525,000. Finally, Invesco Ltd. raised its stake in shares of Genie Energy by 12.9% in the 4th quarter. Invesco Ltd. now owns 32,693 shares of the oil and gas producer’s stock worth $451,000 after buying an additional 3,727 shares in the last quarter. Institutional investors own 49.15% of the company’s stock.
About Genie Energy
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.
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