Newark, NJ — November 3, 2025 — Leads & Copy — Genie Energy, Ltd. (NYSE: GNE) reported its third-quarter 2025 results, highlighted by a 23.6% increase in revenue to $138.3 million. Despite the topline growth, net income attributable to Genie common stockholders decreased to $6.7 million, or $0.26 per diluted share, compared to $10.2 million, or $0.38 per diluted share, in the same period last year.
The revenue increase was driven by higher electricity consumption, rising commodity prices, and customer base growth at Genie Retail Energy (GRE). However, GRE’s margins were pressured by increasing commodity costs.
Genie Renewables (GREW) is nearing completion of its Lansing community solar project and expects it to generate revenue in the fourth quarter. Diversegy, Genie’s energy advisory and brokerage business, continued its revenue and bottom-line expansion.
During the quarter, Genie Energy repurchased approximately 124,000 shares for $2.0 million and paid a regular quarterly dividend of $0.075 per share.
The company anticipates GRE’s margin environment will improve in the fourth quarter and into 2026, and expects to achieve its full-year Adjusted EBITDA guidance of $40 million to $50 million, albeit at the low end of the range.
Key financial metrics for the third quarter include a gross profit of $30.0 million, Adjusted EBITDA of $8.2 million, and cash and cash equivalents totaling $206.6 million as of September 30, 2025.
Bill Ulrey, Investor Relations, wulrey@genie.com
Source: Genie Energy Ltd.
