Genie Energy Ltd. · NYSE:GNE
Genie Energy — Q1 2026 Earnings Presentation
9 slides from Genie Energy's earnings presentation, May 14, 2026
Slide 1: Genie Energy Announces First Quarter 2026 Results
Genie Energy Announces First Quarter 2026 Results Newark, NJ – May 14, 2026: Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the first quarter of 2026. Michael Stein, Chief Executive Officer of Genie Energy, commented: Geni
Slide 2: Select Financial Metrics
Select Financial Metrics (in millions except for EPS)* 1Q26 1Q25 Change Total revenue $ 142.3 $ 136.8 4.0 % Genie Retail Energy $ 134.8 $ 132.5 1.7 % Electricity $ 99.4 $ 104.1 (4.5 )% Natural gas $ 35.4 $ 28.4 24.4 % Others $ — $ 0.0 (100.0 )% Genie Renewables $ 7.5 $ 4.3 74.2 % Gross profit $ 29.8
Slide 3: Balance Sheet Highlights
Balance Sheet Highlights As of March 31, 2026, Genie reported cash and cash equivalents, short and long-term restricted cash, and marketable equity securities of $199.8 million. Total assets as of March 31, 2026 were $376.5 million. Liabilities totaled $131.2 million, and working capital (current as
Slide 4: About Genie Energy Ltd.
About Genie Energy Ltd. Genie Energy Ltd., (NYSE: GNE) is a leading retail energy and renewable energy solutions provider. The Genie Retail Energy division (GRE) supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the U
Slide 5: Condensed Consolidated Balance Sheets
GENIE ENERGY LTD. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) March 31, December 31, 2026 2025 (Unaudited) Assets Current assets: Cash and cash equivalents $ 185,876 $ 203,516 Restricted cash—short-term 8,735 7,936 Marketable equity securities 5,219 409 Trade accou
Slide 6: Condensed Consolidated Statements of Operations
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended March 31, (in thousands, except per share data) 2026 2025 Revenues: Electricity $ 99,411 $ 104,063 Natural gas 35,352 28,409 Other 7,549 4,335 Total revenues 142,312 136,807 Cost of revenues 112,491 99,4
Slide 7: Condensed Consolidated Statements of Cash Flows
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Three Months Ended March 31, 2026 2025 Operating activities Net income $ 2,514 $ 10,114 Net loss from discontinued operations, net of tax (10 ) (104) Net income from continuing operations 2,524 10,218 Adjustments to reconc
Slide 8: Reconciliation of Non-GAAP Financial Measures for the First Quarter of 2026
Reconciliation of Non-GAAP Financial Measures for the First Quarter of 2026 In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), Genie Energy discloses Adjusted EBITDA for GRE and on a cons
Slide 9: Non-GAAP Reconciliation - Consolidated Adjusted EBITDA
Impairment of assets is a component of income (loss) from operations that is excluded from the calculation of Adjusted EBITDA. The impairment of assets is primarily dictated by events and circumstances outside the control of management that trigger an impairment analysis. While there may be similar