Genie Energy Q2 2026: Net Income Surges to $11.4M, Guidance Maintained
GNE is trading near its 52-week low of $12.69 (13% above the low).
Summary
Genie Energy's Q2 2026 net income surged to $11.4 million ($0.43/share) from $2.3 million a year ago, with gross margin expanding to 33.5%. Full-year Adjusted EBITDA guidance was maintained at $32.5–$40 million.
Key Events · Earnings and Guidance · GNE
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Q2 Net Income Surges
Net income attributable to common stockholders rose to $11.4 million ($0.43 per share) from $2.3 million ($0.09 per share) in Q2 2025, driven by gross margin expansion at Genie Retail Energy.
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Gross Margin Expands
Consolidated gross margin increased to 33.5% from 22.3% a year ago, as GRE's gross margin jumped to 32.2% from 21.5%, reflecting normalized wholesale energy costs.
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Full-Year Guidance Maintained
Management reaffirmed 2026 Adjusted EBITDA guidance of $32.5 million to $40 million, indicating confidence in the business trajectory after a weak Q1.
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Strong Liquidity Position
Cash, restricted cash, and marketable securities totaled $204.3 million at June 30, 2026, providing ample resources for operations, dividends, and share repurchases.
Analysis · GNE · Energy & Transportation
A sharp rebound in Q2 2026 lifted net income to $11.4 million from $2.3 million a year ago, fueled by gross margin expansion at the retail energy segment. Despite a 73% profit drop in Q1, the company maintained its full-year Adjusted EBITDA guidance of $32.5–$40 million, signaling confidence. With $204.3 million in cash and equivalents, Genie has ample liquidity to fund operations and return capital via dividends and buybacks. The results mark a significant turnaround from the prior quarter's weakness and suggest the core retail business is stabilizing.
How filings like this one have moved
In the 30 days to Oct 3, 2026, 28.9% of the 1666 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.57%. These are measured outcomes after filings of this importance, not a forecast for this one.
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At the time of this filing, GNE was trading at $14.37 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $372.8M. The 52-week trading range was $12.69 to $20.93. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.