Brief: Genie Energy Q2 Revenue USD 105.3 Million

Genie Energy

07/08/2025 12:30

Overview

Genie Energy Q2 revenue rises 16% yr/yr to $105.3 mln

Adjusted EBITDA falls sharply to $3 mln from $12 mln

Co repurchased 159,000 shares, paid regular quarterly dividend

Outlook

Genie expects 2025 Adjusted EBITDA between $40 mln and $50 mln

Company anticipates growth at Genie Renewables driven by Diversegy and Genie Solar

Genie pauses new solar projects due to tax credit phase-out

Company assumes normalized retail margin environment for remainder of 2025

Result Drivers

CUSTOMER BASE EXPANSION - GRE expanded its customer base, leading to increased consumption and revenue growth

WHOLESALE PRICE IMPACT - GRE's margins were compressed due to increased wholesale power prices and high consumption from hot weather

SOLAR PROJECT CHALLENGES - GREW paused new solar project developments due to changes in federal tax credits

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$105.30 mln
Q2 EPS
$0.11
Q2 Adjusted EBITDA
$3 mln
Q2 Gross Margin
22.3%
Q2 Income from Operations
$2 mln
Q2 Net Income from Cont Ops
$2.80 mln
Q2 Operating Margin
1.9%


Analyst Coverage

The one available analyst rating on the shares is "buy"

The average consensus recommendation for the electric utilities peer group is "buy"

Wall Street's median 12-month price target for Genie Energy Ltd is $23.40, about 14.8% above its August 6 closing price of $19.94

Press Release: ID:nGNXqnd0v

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)