Genie Energy Ltd. · NYSE:GNE
Genie Energy — Q2 2026 Earnings Presentation
9 slides from Genie Energy's earnings presentation, Aug 6, 2026
Slide 1: Genie Energy Announces Second Quarter 2026 Results
Genie Energy Announces Second Quarter 2026 Results NEWARK, NJ – August 6, 2026: Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the second quarter of 2026. Consolidated Highlights (Unless otherwise noted, results are for 2Q
Slide 2: Management Commentary and Segment Highlights
Both Diversegy and Genie Solar are on track to expand their bottom lines in the coming quarters. Diversegy continues to build its book of business and Genie Solar will benefit from its second community solar project which came online late in the second quarter. For the balance of the year, we are wo
Slide 3: GREW Financial Results; Balance Sheet Highlights; Trended Financial Information
GREW Financial Results* 2Q26 2Q25 Change Revenue $ 6.3 $ 6.3 0.2 % Gross profit $ 3.3 $ 2.2 55.0 % Selling, general and administrative expenses $ 3.3 $ 2.3 42.2 % Income from operations $ 0.1 $ (0.2 ) nm Adjusted EBITDA $ 0.3 $ (0.1 ) nm * Numbers may not foot due to rounding nm - not meaningful Bal
Slide 4: About Genie Energy Ltd.
Approximately three hours after the call, a call replay will be accessible by dialing 1-877-481-4010 (U.S.) or 1-919-882- 2331 (international) and providing the replay passcode: 54309. The replay will remain available through Thursday, August 20, 2026. In addition, a recording of the call will be av
Slide 5: Condensed Consolidated Balance Sheets
GENIE ENERGY LTD. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) June 30, December 31, 2026 2025 (Unaudited) Assets Current assets: Cash and cash equivalents $ 184,841 $ 203,516 Restricted cash 10,148 7,936 Marketable equity securities 9,319 409 Trade accounts receiva
Slide 6: Condensed Consolidated Statements of Operations
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended June 30, Six Months Ended June 30, (in thousands, except per share data) 2026 2025 2026 2025 Revenues: Electricity $ 83,550 $ 89,885 $ 182,962 $ 193,948 Natural gas 10,581 9,107 45,932 37,516 Other 6,268
Slide 7: Condensed Consolidated Statements of Cash Flows
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Six Months Ended June 30, 2026 2025 Operating activities Net income $ 13,953 $ 12,503 Net loss from discontinued operations, net of tax (8 ) (57 ) Net income from continuing operations 13,961 12,560 Adjustments to reconcil
Slide 8: Reconciliation of Non-GAAP Financial Measures for 2Q26
Reconciliation of Non-GAAP Financial Measures for 2Q26 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 consolidated basis. Adjus
Slide 9: Non-GAAP Reconciliation
Non-GAAP Reconciliation - Consolidated Adjusted EBITDA (In millions. Numbers may not foot due to rounding.) 1Q25 2Q25 3Q25 4Q25 1Q26 2Q26 2024 2025 Income from operations $ 13.5 $ 2.3 $ 7.4 $ 4.6 $ 1.9 $ 6.5 $ 44.9 $ 27.7 Add back Depreciation and amortization $ 0.2 $ 0.2 $ 0.3 $ 0.3 $ 0.4 $ 0.3 $ 0