Genie Energy Unveils Preliminary Q4/FY25 Results, 2026 Guidance; Anticipates Higher Income from Restated Financials
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Genie Energy announced select, preliminary, unaudited financial results for the fourth quarter and full year 2025, alongside financial guidance for 2026. This update follows the company's March 12th 8-K filing, which disclosed that previously issued financial statements for 2023, 2024, and parts of 2025 could not be relied upon due to accounting errors related to a captive insurance subsidiary. While preliminary 2025 results show increased revenue but a decline in income from operations, management stated that the restated financial statements for 2023 and 2024 are estimated to "significantly increase" income from operations, provision for income taxes, and net income. The company also provided 2026 Adjusted EBITDA guidance of $40 to $50 million. Traders will closely monitor the progress of the restatement and the release of audited financials, as well as the company's performance against its new guidance.
At the time of this announcement, GNE was trading at $14.12 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $367.2M. The 52-week trading range was $13.27 to $28.47. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: GlobeNewswire.