Genie Energy 2Q26 net income more than quadruples to $11.4 million; revenue falls 4.7% to $100.4 million - GNE News | RalliesGenie Energy 2Q26 net income more than quadruples to $11.4 million; revenue falls 4.7% to $100.4 million
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GNE• 2Q26 results and guidance
- Genie Energy posted 2Q26 net income attributable to common stockholders of $11.4 million, up from $2.3 million a year earlier; EPS rose to $0.43.
- Revenue fell 4.6% to $100.4 million from a year earlier, while gross margin widened 11.2 percentage points to 33.5%.
- Operating income more than doubled to $6.5 million; GAAP gross profit climbed to $33.7 million.
- Genie Retail Energy revenue declined 4.9% to $94.1 million, while RCEs ended the quarter at 345,000; churn increased to 5.9%.
- Genie maintained full-year 2026 adjusted EBITDA guidance of $32.5 million to $40 million; it declared a $0.075 quarterly dividend.
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