Genie Energy Ltd. Class B Commo ( (GNE) ) has released its Q2 earnings. Here is a breakdown of the information Genie Energy Ltd. Class B Commo presented to its investors.
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Genie Energy Ltd., a prominent player in the retail energy and renewable energy sectors, provides electricity and natural gas services, alongside solar energy solutions through its subsidiaries. The company recently released its second-quarter 2025 financial results, highlighting a mixed performance with significant topline growth but challenges in profit margins.
For the second quarter of 2025, Genie Energy reported a 16% increase in revenue, reaching $105.3 million, driven by a 14.2% rise in the Genie Retail Energy segment and a notable 57.3% growth in Genie Renewables. However, the company faced a substantial decrease in gross profit by 29.6% and a decline in net income attributable to common stockholders to $2.8 million, compared to $9.6 million in the previous year. The adjusted EBITDA also saw a significant drop to $3.0 million from $12.0 million.
The retail energy division expanded its customer base significantly, with a 20.5% increase in Residential Customer Equivalents (RCEs) and a 14.8% rise in meters served. Despite this growth, the division’s profitability was impacted by increased wholesale power prices and high consumption due to unseasonably hot weather. On the renewable side, Genie Solar is progressing with its solar projects, although some early-stage projects have been paused due to changes in federal tax credit policies.
Looking forward, Genie Energy remains optimistic about achieving $40 to $50 million in consolidated adjusted EBITDA for 2025, assuming a normalized retail margin environment and continued growth in its renewable energy segment. The company is also committed to returning value to shareholders through share repurchases and dividends.