Genie Energy Q3 profit rises as revenue falls to $127.2 million
Genie Energy reported third quarter 2026 results, with revenue down to $127.2 million from $138.3 million a year earlier, while income from operations rose to $12.7 million from $7.4 million and diluted EPS rose to $0.39 from $0.25. The company said it expects to reach its 2026 Adjusted EBITDA guidance of $32.5 million to $40.0 million, and it declared a $0.075 per share quarterly dividend.
Key points
- Revenue fell to $127.2 million from $138.3 million, while gross profit rose to $41.2 million from $30.0 million.
- Net income attributable to common stockholders rose to $10.2 million from $6.4 million, and EPS rose to $0.39 from $0.25.
- Adjusted EBITDA rose to $13.7 million from $8.2 million; the company expects to reach its 2026 guidance of $32.5 million to $40.0 million.
- Genie Retail Energy customers, measured in RCEs, declined 15% year over year to 337 thousand, and the company repurchased about $2.0 million of Class B stock in the quarter.
The filing
Written by AI on Nov 9, 2026, 8:38 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 05, 2026.
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