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Genie Energy Ltd Class B Commo (GNE)
NYSE:GNE
Earnings Data
Report Date
Aug 11, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
―Last Year’s EPS
0.36Same Quarter Last Year
Based on 0 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 06, 2025
|% Change Since: 27.66%
|Next Earnings Date:Aug 11, 2025
Earnings Call Sentiment|Positive
The earnings call reflected a strong performance in Genie Retail Energy with significant revenue growth and profitability. However, the decrease in gross margin and challenges in Genie Renewable Energy were notable concerns. Despite these issues, overall performance was solid with positive cash flow and increased stockholder returns.Company Guidance
During the first quarter of 2025, Genie Energy reported strong financial and operational performance, marked by a 14.3% increase in consolidated revenue to $136.8 million, bolstered by a 17.8% revenue jump in Genie Retail Energy (GRE) to $132.5 million. The company achieved a year-over-year increase of over 48,000 net new meters, ending the quarter with approximately 413,000 meters served. Customer churn remained stable at 5.5%, and GRE's income from operations increased by 18.2% to $16.8 million. GREW's revenue, however, decreased by 40% to $4.3 million due to a strategic pivot away from commercial projects. Consolidated gross profit rose by 10.6% to $37.4 million, while Genie returned $3.9 million to stockholders through dividends and share repurchases. The company confirmed its full-year adjusted EBITDA guidance of $40 million to $50 million, showcasing a robust financial outlook for the remainder of the year.Strong Revenue and Profitability Growth
Consolidated revenue for the quarter increased by 14.3% or $17.1 million to $136.8 million, driven by strong performance in Genie Retail Energy (GRE).
Retail Energy Expansion and Customer Base Growth
GRE saw a year-over-year increase of over 48,000 net new meters, ending the quarter with approximately 413,000 meters served. Revenue and income from operations increased by 18% compared to the previous year.
Significant Increase in Solar Sales
Solar hours sold increased by 23.5%, contributing to overall growth despite a decrease in average revenue per kilowatt hour sold.
Improved Financial Performance at Diversegy
Diversegy achieved record quarterly performance with a 55% year-over-year increase in REPs and generated over $400,000 in adjusted EBITDA.
Increase in Stockholder Returns
Genie returned $3.9 million to stockholders through dividends and share repurchases in the first quarter.
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GNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 06, 2025 | $15.22 | $15.64 | +2.76% |
Mar 10, 2025 | $14.72 | $14.09 | -4.28% |
Nov 06, 2024 | $15.45 | $16.60 | +7.44% |
Aug 06, 2024 | $15.14 | $14.88 | -1.72% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genie Energy Ltd Class B Commo (GNE) report earnings?
Genie Energy Ltd Class B Commo (GNE) is schdueled to report earning on Aug 11, 2025, TBA Not Confirmed.
What is Genie Energy Ltd Class B Commo (GNE) earnings time?
Genie Energy Ltd Class B Commo (GNE) earnings time is at Aug 11, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNE EPS forecast?
Currently, no data Available
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