Genie Energy Ltd Class B Commo (GNE)
NYSE:GNE
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Earnings Data
Report Date
Aug 10, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.25Last Year’s EPS
0.11Same Quarter Last Year
Based on 0 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Negative
The call was mixed but leaned negative from a financial-performance perspective: management reported record revenue growth and strong customer additions plus a solid balance sheet and early-stage venture progress (Roded, expected Genie Solar profitability). However, significant margin compression from extreme winter-driven commodity cost increases, a 20% drop in gross profit, rising SG&A, increased GREW losses, inventory write-downs, materially lower GRE profitability and a reduction in full-year adjusted EBITDA guidance indicate meaningful near-term headwinds. Management is optimistic about normalization in wholesale markets and improved performance later in 2026, but the near-term results and guidance cut weigh heavily.Company Guidance
Path to Profitability for Genie Solar and Other Initiatives
Management expects Genie Solar to be profitable for the remainder of the year and anticipates GREW's early-stage initiatives to gradually pivot toward profitability and require lower incremental investment by year-end.
Record Quarterly Revenue
Consolidated revenue increased 4% year-over-year to $142.0 million for Q1 2026, driven by retail commodity environment and sales of remaining Genie Solar panels.
Strong Customer Acquisition and Retail Footprint Growth
GRE acquired 84,000 new retail customers in Q1, ending the quarter with 354,000 RCEs and 364,000 meters — net increases of 25,000 RCEs and 18,000 meters in the quarter; management highlighted higher-value meters after reducing low-margin municipal aggregation customers over the past 12 months.
Gas Sales Growth at GRE
GRE gas sales increased 24% year-over-year, contributing to GRE revenue of $134.8 million (up 2%) despite a 4% decrease in electricity sales.
Material Cash and Strong Working Capital Position
At March 31, 2026, cash, cash equivalents, restricted cash and marketable securities totaled $199.8 million and working capital was $188.4 million, with total debt of $6.8 million.
GRE Resilience and Expectation of Normalized Margins
Management reported margin normalization in March after early-quarter winter volatility and expects GRE to perform strongly for the rest of the year assuming normal wholesale market conditions and continued customer-acquisition.
GREW Revenue Increase (Inventory Liquidation & Project Completion)
GREW revenue increased 74% to $7.5 million in Q1 2026, reflecting partial liquidation of Genie Solar panel inventory and completion of certain legacy projects.
Early-Stage Venture Progress — Roded
Roded, a majority-owned venture that recycles agricultural waste plastics into pallets, has sold recycled pallets in Israel, maxed out its first production line, and is building a second line expected to begin production in Q2; management is evaluating further U.S. and European expansion.
GNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 14, 2026 | $13.96 | $13.05 | -6.52% |
Mar 16, 2026 | $14.39 | $14.54 | +1.04% |
Nov 03, 2025 | $14.90 | $14.65 | -1.66% |
Aug 07, 2025 | $19.65 | $15.85 | -19.31% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Genie Energy Ltd Class B Commo (GNE) report earnings?
Genie Energy Ltd Class B Commo (GNE) is schdueled to report earning on Aug 10, 2026, Before Open (Confirmed).
What is Genie Energy Ltd Class B Commo (GNE) earnings time?
Genie Energy Ltd Class B Commo (GNE) earnings time is at Aug 10, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
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What companies are reporting earnings today?
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What is GNE EPS forecast?
GNE EPS forecast for the fiscal quarter 2026 (Q2) is 0.25.