Genie Energy (NYSE:GNE) Releases Earnings Results, Misses Estimates By $0.07 EPS

Genie Energy (NYSE:GNE) announced its earnings results 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 return on equity of 14.46% and a net margin of 4.78%.The business had revenue of $142.31 million during the quarter, compared to analysts’ expectations 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 Performance

Genie Energy stock traded up $0.30 during trading on Friday, hitting $13.35. The stock had a trading volume of 101,618 shares, compared to its average volume of 61,985. Genie Energy has a 1 year low of $12.69 and a 1 year high of $28.47. The company has a quick ratio of 2.29, a current ratio of 2.38 and a debt-to-equity ratio of 0.03. The stock’s 50 day moving average is $14.04 and its two-hundred day moving average is $14.22. The stock has a market cap of $352.44 million, a price-to-earnings ratio of 16.69 and a beta of 0.20.

Genie Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 2nd. Investors 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 annualized dividend and a yield of 2.2%. Genie Energy’s dividend payout ratio is presently 37.50%.

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On Genie Energy

Institutional investors have recently bought and sold shares of the company. Quarry LP purchased a new position in Genie Energy in the 3rd quarter valued at approximately $35,000. Cubist Systematic Strategies LLC purchased a new stake in shares of Genie Energy during the first quarter worth $85,000. New York State Common Retirement Fund lifted its position in shares of 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 worth $206,000 after acquiring an additional 3,800 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Genie Energy during the second quarter worth $214,000. Finally, Virtus Advisers LLC purchased a new stake in shares of Genie Energy during the third quarter worth $124,000. Hedge funds and other 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.