Genie Energy (NYSE:GNE) Issues Earnings Results, Misses Expectations By $0.07 EPS

15 May 2026, 17:00 by Jessica Moore · The Cerbat Gem

Genie Energy (NYSE:GNE – Get Free Report) issued its quarterly earnings data on Thursday. The oil and gas producer reported $0.11 earnings per share for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.07), Zacks reports. Genie Energy had a net margin of 4.78% and a return on equity of 14.46%. The company had revenue of $142.31 million for the quarter, compared to the consensus estimate 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%

Genie Energy stock traded up $0.30 during midday trading on Friday, reaching $13.35. The company’s stock had a trading volume of 101,618 shares, compared to its average volume of 61,985. The stock’s 50-day simple moving average is $14.04 and its 200-day simple moving average is $14.22. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.38 and a quick ratio of 2.29. Genie Energy has a 52-week low of $12.69 and a 52-week high of $28.47. The stock has a market capitalization of $352.44 million, a P/E ratio of 16.69 and a beta of 0.20.

Genie Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, June 2nd. Shareholders of record on Friday, May 22nd will be paid a $0.075 dividend. The ex-dividend date is Friday, May 22nd. This represents a $0.30 dividend on an annualized basis and a yield of 2.2%. Genie Energy’s dividend payout ratio (DPR) is 37.50%.

Analyst Ratings Changes

A number of brokerages recently weighed in on GNE. Wall Street Zen downgraded Genie Energy from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Weiss Ratings cut Genie Energy from a “hold (c)” rating to a “hold (c-)” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Hold rating, According to MarketBeat, the stock currently has an average rating of “Hold”.

View Our Latest Research Report on Genie Energy

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. First Trust Advisors LP raised its stake in shares of Genie Energy by 1.6% in the fourth quarter. First Trust Advisors LP now owns 66,180 shares of the oil and gas producer’s stock worth $912,000 after purchasing an additional 1,049 shares during the last quarter. Quarry LP purchased a new position in shares of Genie Energy in the third quarter worth about $35,000. Barclays PLC raised its stake in shares of Genie Energy by 4.8% in the fourth quarter. Barclays PLC now owns 53,586 shares of the oil and gas producer’s stock worth $738,000 after purchasing an additional 2,464 shares during the last quarter. Invesco Ltd. raised its stake in shares of Genie Energy by 12.9% in the fourth quarter. Invesco Ltd. now owns 32,693 shares of the oil and gas producer’s stock worth $451,000 after purchasing an additional 3,727 shares during the last quarter. Finally, New York State Common Retirement Fund raised its stake in shares of Genie Energy by 98.3% in the second quarter. New York State Common Retirement Fund now owns 7,667 shares of the oil and gas producer’s stock worth $206,000 after purchasing an additional 3,800 shares during the last quarter. 49.15% of the stock is currently owned by hedge funds and other institutional investors.

About Genie Energy

(Get Free Report)

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.