GNE earnings analysis
What we found in GNE's 10-Q: the parts that mattered, the offsets in the same document, and what the company said about what comes next.
Our reading of the filing · Free to read, no account needed
Genie Energy Ltd. reported a significant revenue increase of 9.3% year-over-year, reaching $121.6 million in Q4 2026, while EPS surged to $0.30, well above the consensus estimate of $0.07. However, the operating margin declined sharply to 4.6%, reflecting increased costs alongside heightened customer acquisitions in the retail energy segment.
The parts that mattered.
Pulled out of the filing itself, with the figures the company reported.
- Strong Revenue Growth
- Total revenue increased 9.3% from $111.3M in Q3 2025 to $121.6M in Q4 2026.
- Significant EPS Beat
- EPS rose to $0.30, exceeding consensus expectations of $0.07.
- Improved Segment Performance
- Genie Retail Energy revenues grew by 1.7% to $134.8M, supported by a 24.4% increase in natural gas revenue.
- Cash Reserves Improved
- Cash, cash equivalents, and restricted cash increased to $194.6 million.
- Strong Customer Acquisition
- Gross meter acquisitions rose by 84,000 in Q1 2026, up from 61,000 year-over-year.
- Reduced Interest Expense
- Interest expense fell to $124, down 34.4% from $189 in the previous year.
And the other side of it.
The offsets in the same document — the things a summary that only listed the good news would have left out.
- Margin Compression
- Operating margin dropped to 4.6% due to rising customer acquisition and operational costs.
- Cash Flow Turnaround Needed
- Operating cash flow declined to -$6.51M, down from $13.52M in Q1 2025.
- Legal Risks Related to Finland Operations
- Ongoing disputes from discontinued operations in Finland could pose future liabilities.
What they reported.
What the company itself reported, taken out of the document.
- Earnings per share
- $0.3
- Operating margin
- 4.6%
- Segment
- Genie Retail Energy
- Segment
- Genie Renewables
What they said about what is next.
Cash flow impact from legal risks may hinder short-term performance.
The filing reads better than the one before it.
What came before.
- 10-K · May 1, 2026
- Genie Energy Ltd. reported a significant growth in revenues across its retail energy and renewable segments, despite ongoing legal challenges and a need for a financial restatement. The company has revived its focus on…
- 10-Q · November 6, 2025
- Genie Energy reported Q3 2025 revenue of $138,324 (reported in the filing) driven by higher electricity sales, but gross margin compressed materially and net income and EPS declined versus the prior year. Management is…
- 10-Q · August 7, 2025
- Genie Energy reported Q2 revenue of $105,251,000, up $14,555,000 (+16.0%) versus Q2 2024 but down $31,749,000 (-23.2%) versus Q1 2025. Margins compressed materially: gross margin fell to 22.3% and operating margin to…
- 10-Q · May 9, 2025
- Genie Energy reported Q1 2025 revenue of $136.807 million (vs. $119.688 million in Q1 2024) and diluted EPS of $0.40 (vs. $0.30). Growth was driven by GRE (electricity and natural gas) while GREW/Other revenues…
This is our reading of a public filing, not the filing. Read the original on SEC.gov · Educational only. Nothing here is investment advice.
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