Retail energy supplier Genie Energy Q3 revenue beats estimates, but high commodity costs hit margins

Genie Energy

03/11/2025 12:37

Overview

Genie Energy Q3 revenue grows 23.6% yr/yr, beating analyst expectations

Adjusted EBITDA for Q3 decreased due to rising commodity costs

Company repurchased 124,000 shares for $2 mln during Q3

Outlook

Genie Energy expects 2025 Adjusted EBITDA at the low end of $40 mln to $50 mln range

Company anticipates GRE margin improvement in Q4 and into 2026

Genie Renewables expects Lansing solar project to generate revenue in Q4

Result Drivers

ELECTRICITY CONSUMPTION - Increased per meter electricity consumption contributed to revenue growth

COMMODITY PRICES - Rising commodity prices supported revenue but pressured margins

RCE BASE GROWTH - GRE's RCE base grew 4.2% yr/yr, contributing to revenue increase

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Beat
$138.30 mln
$131 mln (1 Analyst)
Q3 EPS
$0.26
Q3 Adjusted EBITDA
$8.19 mln
Q3 Gross Margin
21.70%
Q3 Income from Operations
$6.90 mln
Q3 Net Income from Cont Ops
$6.70 mln
Q3 Operating Margin
5%


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 $18.00, about 16.4% above its October 31 closing price of $15.05

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release: ID:nGNX4423Gf

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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.)