Genie Energy Ltd. · NYSE:GNE
Genie Energy — Q3 2025 Earnings Presentation
11 slides from Genie Energy's earnings presentation, Nov 3, 2025
Slide 1: Genie Energy Announces Third Quarter 2025 Results
Genie Energy Announces Third Quarter 2025 Results Newark, NJ – November 3, 2025: Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2025. Michael Stein, Chief Executive Officer of Genie Energy, commented:
Slide 2: Third Quarter 2025 Highlights
• Gross profit decreased 20.8% to $30.0 million from $37.9 million; Gross margin decreased to 21.7% from 33.9%; • Income from operations decreased to $6.9 million from $11.7 million; • Adjusted EBITDA1 decreased to $8.2 million from $13.6 million; • Net income attributable to Genie common stockholde
Slide 3: Segment Highlights
Segment Highlights Genie Retail Energy (GRE) GRE's 3Q25 revenue increased 25.1% to $132.4 million from $105.8 million in 3Q24 primarily reflecting increased consumption from customer base growth. Income from operations decreased 32.4% to $10.2 million from $15.0 million, and Adjusted EBITDA decrease
Slide 4: Trended Financial Information
Trended Financial Information* (in millions except EPS)** 1Q24 2Q24 3Q24 4Q24 1Q25 2Q25 3Q25 2023 2024 Total Revenue $ 119.7 $ 90.7 $ 111.9 $ 102.9 $ 136.8 $ 105.3 $ 138.3 $ 428.7 $ 447.1 Genie Retail Energy $ 112.5 $ 86.7 $ 105.8 $ 98.4 $ 132.5 $ 99.0 $ 132.4 $ 409.9 $ 425.2 Electricity $ 89.4 $ 78
Slide 5: Earnings Announcement and Supplemental Information
Earnings Announcement and Supplemental Information At 8:30 AM Eastern this morning, Genie Energy’s management will host a conference call to discuss the Company's financial and operational results, business outlook, and strategy. The call will begin with management’s remarks, followed by Q&A with in
Slide 6: Condensed Consolidated Balance Sheets
GENIE ENERGY LTD. CONDENSED CONSOLIDATED BALANCE SHEETS (in thousands, except per share amounts) September 30, December 31, 2025 2024 (Unaudited) Assets Current assets: Cash and cash equivalents $ 109,280 $ 104,456 Restricted cash—short-term 26,194 26,608 Marketable equity securities 472 357 Trade a
Slide 7: Condensed Consolidated Statements of Operations
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) Three Months Ended Nine Months Ended September 30, September 30, 2025 2024 2025 2024 (in thousands, except per (in thousands, except per share data) share data) Revenues: Electricity $ 126,575 $ 100,694 $ 320,523 $ 268,390
Slide 8: Condensed Consolidated Statements of Cash Flows
GENIE ENERGY LTD. CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) Nine Months Ended September 30, 2025 2024 (in thousands) Operating activities Net income $ 19,899 $ 27,754 Net loss from discontinued operations, net of tax (62 ) (435 ) Net income from continuing operations 19,961 28,189
Slide 9: Reconciliation of Non-GAAP Financial Measures
Reconciliation of Non-GAAP Financial Measures for the Third Quarter of 2025 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 disclosed Adjusted EBITDA for GRE and on a cons
Slide 10: 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
Slide 11: Consolidated Non-GAAP Net Income Attributable
Non-GAAP Reconciliation - Consolidated Non-GAAP Net Income Attributable to Genie Energy Ltd. Common Stockholders and Non-GAAP Diluted Income Per Share (in millions except for EPS) 3Q25 3Q24 2023 2024 Net income attributable to Genie Energy Ltd. common stockholders $ 6.7 $ 10.2 $ 19.2 $ 12.6 Add back