Genie Energy Q4 prelim revenue rises

Genie Energy

19/03/2026 20:42

Overview

US retail energy provider's preliminary Q4 revenue rose 18% yr/yr

Preliminary Q4 income from operations fell sharply yr/yr

Company to restate 2023, 2024 annual results due to accounting errors in captive insurance subsidiary

Outlook

Genie Energy projects 2026 consolidated Adjusted EBITDA of $40 mln to $50 mln

Company expects Genie Retail Energy margins to normalize as 2026 progresses

Genie anticipates increased contribution from renewables segment

Result Drivers

ENERGY MARKET VOLATILITY - Co said challenging energy market conditions earlier in the year weighed on FY results

SOLAR ASSET WRITE-DOWNS - Write-downs of solar assets at Genie Solar in Q4 hurt profitability

Company press release: ID:nGNXbKnBDV

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Beat
$121.6 mln
$114.23 mln (1 Analyst)
Q4 Income from Operations
$4.6 mln


Analyst Coverage

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

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

Wall Street's median 12-month price target for Genie Energy Ltd is $16.00, about 16.9% above its March 18 closing price of $13.69

The stock recently traded at 24 times the next 12-month earnings vs. a P/E of 25 three months ago

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(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.)