Genie Energy Flags Delayed 10-K Restatements, Anticipates Six-Month Filing Window
Genie Energy received a NYSE notice on April 1, 2026 for non-compliance due to delayed 10-K filing for the fiscal year ended December 31, 2025 as it must restate audited financials for 2024 and 2023. The company expects to file the comprehensive Form 10-K within six months to maintain listing compliance.
1. NYSE Notice and Non-Compliance
On April 1, 2026, Genie Energy received notice that it is not in compliance with NYSE listing standards due to a delayed Annual Report on Form 10-K for the year ended December 31, 2025. The notice acknowledges the delay has no immediate effect on the company’s Class B common stock listing.
2. Restated Financial Statements and Filing Plan
Genie Energy determined it cannot meet the 15-day extension under Rule 12b-25 without unreasonable effort or expense because it needs to prepare restated audited financial statements for the fiscal years ended December 31, 2024 and 2023. The company is working to complete these restatements and include them in its comprehensive Form 10-K.
3. Listing Standards and Deadlines
The company anticipates filing the comprehensive Form 10-K within the six-month period allowed under NYSE continued listing standards to regain compliance. If it fails to meet this deadline, the NYSE may grant an additional extension of up to six months or initiate delisting proceedings at its discretion.
4. Preliminary Metrics Disclosure
On March 19, 2026, Genie Energy provided select preliminary unaudited financial metrics for the three and twelve months ended December 31, 2025. These metrics offer initial insights while the audited financial statements are being restated and finalized.