What factors drove the changes in Genie Energy's revenue and profit?

What does Genie Energy do and what are its main business segments?

What guidance did Genie Energy's management provide for the next earnings period?

What is the market's earnings forecast for Genie Energy next quarter?

What is the revenue and EPS growth rate for Genie Energy year over year?

What were the key takeaways from Genie Energy’s earnings call?

What is Genie Energy's gross profit margin?

What is Genie Energy's latest dividend and current dividend yield?

- **Revenue Growth vs. Margin Pain**: +24% revenue to $138.3M vs. 21.7% gross margin (down 12pts YoY). 
- **Key Risks**: Fixed-price contracts (Q4 expiring deal) cut margins, gas COGS up 137% YoY.
- **Strategic Wins**: Diversegy advisory business on track for $5-6M 2026 contribution; solar projects nearing completion.
- **2025 Outlook**: Adjusted EBITDA expected at $40-50M range, with margin recovery in Q4+2026.

**【CEO Summary Section】**
- **Revenue Growth Despite Margin Challenges**: Q3 2025 revenue reached $138.3 million, up 24% YoY, driven by 25% growth in retail energy (GRE) revenue. However, gross margin compression due to rising commodity costs led to a 21.7% gross margin, down from 33.9% YoY.
- **Market Volatility Impact**: Diluted EPS fell to $0.26/share (from $0.38), with losses exacerbated by fixed-price municipal aggregation contracts (e.g., Q4 expiring deal). 
- **Strategic Initiatives**: 
  - GREW solar projects (Lansing, NY) nearing completion; 
  - GREW's Diversegy advisory business on track to contribute $5-6M to 2026 EBITDA (vs. $3M+ in 2025);
  - Roded recycled pallets generating early revenue with potential international expansion.
- **2025 Outlook**: Full-year adjusted EBITDA expected at lower end of $40-50M range, reflecting margin recovery expectations.

**【CFO Financial Commentary】**
- **Topline Strength, Bottomline Pressure**: 
  - GRE revenue up 25% to $132.4M (26% electricity, 15% gas growth);
  - GREW revenue down 10% to $6M due to solar project delays;
  - Consolidated gross profit fell 21% to $30M, with GRE gross profit down 23% to $27.6M.
- **Cost Dynamics**: 
  - Electricity COGS up 20%, gas COGS +137% YoY;
  - Negative gas margins due to winter supply mark-to-market losses;
  - Adjusted EBITDA down 40% to $8.2M (from $13.7M).
- **Balance Sheet Health**: 
  - $206.6M total liquidity (including $113.3M working capital);
  - $8.8M debt (mostly solar project financing);
  - $4M returned to shareholders via buybacks and dividends.


Genie Energy Ltd.(GNE)-20251103-2025 Q3 Earnings call transcript

- **Topline Growth vs. Margin Pain**: 16% revenue rise to $105.3M offset by 30% gross profit decline due to wholesale price spikes.
- **Solar Pause Strategic**: Development halted on early-stage projects due to tax incentive sunset, with <5% capital at risk.
- **Captive Insurance Expansion**: Brokering health insurance via existing channels, potential for future underwriting.
- **Guidance Reaffirmed**: $40-50M EBITDA on normalized margins, despite Q2 volatility.

**【CEO Opening Remarks】**
- **Mixed Q2 Results**: Revenue grew 16% to $105.3M, driven by 15% YoY customer growth at GRE (419,000 meters) and 44% growth at GREW. However, margins were squeezed by 20% YoY increase in wholesale electricity costs and 52% rise in natural gas costs.
- **Customer Retention Improves**: Churn dropped to 4.8% (from 5.5% Q1), with focus on operational efficiency.
- **Segment Highlights**: 
  - GREW approached breakeven with Diversegy revenue up 50% and Genie Solar revenue +600% to $1B.
  - Genie Solar loss narrowed 90% via SG&A reduction.
- **Solar Pipeline Update**: Paused early-stage projects due to tax incentive sunset, but expects demand from data centers. Lansing project to commission Q3.
- **Shareholder Returns**: Repurchased 159K shares and paid $0.075 dividend.
- **2025 Guidance**: Reaffirmed $40-50M adjusted EBITDA, assuming normalized margins.

**【CFO Financial Commentary】**
- **Revenue Breakdown**: GRE ($99M, +14%), GREW ($6.3M, +57%).
- **Gross Profit Decline**: $23.5M (-30%), margin 22% vs. 42% prior, due to PJM/MISO price volatility.
- **Cost Control**: SG&A down 4% to $21.2M (payroll, marketing cuts).
- **Profitability**: GRE EBITDA -74% to $4.4M; GREW loss narrows to $97K (from -$1.1M).
- **Balance Sheet**: $201.6M cash, $9M net debt. Solar portfolio financed.

**【Q&A Highlights】**
- **Margin Recovery**: CEO cites weather volatility in Q2, but expects normalization post-June heat. Hedging covers 80%+ load, with 15-20% exposed to weather.
- **Solar Capital Risk**: <5% of project costs in development phase; minimal at-risk capital.
- **Captive Insurance**: Early-stage health insurance brokerage, no underwriting risk yet. Exploring expansion.
- **Tax Credit Impact**: Pause on new projects until ITC clarity; evaluating pipeline economics.


Genie Energy (GNE)-7 Aug 25-2025 Q2 Earnings call transcript

- **Revenue Surge**: 14.3% YoY growth to $136.8 million, driven by 17.8% jump in retail energy revenue.
- **Customer Growth**: 48,000 new meters added, total 413,000, with expansion into California and Kentucky.
- **Solar Project Momentum**: Lansing project set for Q3 2025 EBITDA accretion; Diversegy brokerage turns EBITDA positive.
- **Profitability**: Net income up 31% to $10.6 million; confirmed $40-50 million EBITDA guidance.
- **Shareholder Value**: $3.9 million returned via dividends and buybacks; cash reserves at $210 million.

**【CEO Summary Section】**
- **Strong Q1 2025 Results**: Revenue and profitability grew, with retail energy margins returning to normalized levels after volatile periods.
- **Customer Expansion**: GRE added 48,000 net new meters, driving an 18% revenue increase to $132.5 million. Total meters served reached 413,000, with expansion into California and Kentucky.
- **Stable Customer Retention**: Churn rate remained at 5.5%, supported by comprehensive retention programs.
- **GREW Progress**: Lansing solar project on track for Q3 2025 EBITDA accretion; Diversegy brokerage business turned EBITDA positive.
- **Shareholder Returns**: $3.9 million returned via dividends and repurchases; cash reserves increased to $210 million.

**【CFO Financial Commentary】**
- **Revenue Growth**: Consolidated revenue up 14.3% to $136.8 million, driven by GRE's 17.8% increase. Electricity revenue rose 16.4% to $104.1 million, gas revenue 26.8% to $28.4 million.
- **Gross Profit**: Increased 10.6% to $37.4 million, offset by 90bp margin decline due to lower-margin meter acquisitions.
- **Cost Management**: SG&A rose 4.3% to $23.9 million, partially offset by Diversegy's improved performance.
- **Net Income**: $10.6 million ($0.40 EPS), up 31% year-over-year. Full-year adjusted EBITDA guidance confirmed at $40-50 million.
- **Balance Sheet**: Cash and equivalents at $210.2 million; net debt $9 million. Shares repurchased: 127,000 ($1.9 million).

Genie Energy (GNE)-6 May 25-2025 Q1 Earnings call transcript

- **Record EBITDA**: 2024 adjusted EBITDA of $48.5 million exceeded guidance, reflecting strong operational execution.
- **Meter Growth Acceleration**: 60,000 net new meters (+17%) highlight customer acquisition success in 19 states.
- **Renewables Turnaround**: GREW's loss narrowed by 46%, with Diversegy's 70% revenue growth and Genie Solar's $7M solar financing deal.
- **Financial Strength**: $201 million cash balance and $8.7 million debt position the company for 2025 growth initiatives.

**【CEO Summary Section】**
- **Full Year Adjusted EBITDA**: Achieved $48.5 million, surpassing the high end of the $40-50 million guidance range.
- **Meter Growth**: Added 60,000 net new meters in 2024 (17% YoY), driven by successful customer acquisition and retention programs.
- **Texas and California Expansion**: Launched natural gas operations in California and accelerated growth in Texas' electricity market.
- **Renewables Progress**: GREW's gross profit grew 120% YoY to $6 million, with Diversegy revenue up 70% and Genie Solar completing its first solar financing deal.
- **2025 Outlook**: Maintain $40-50 million adjusted EBITDA guidance, with plans to build 2-3 new community solar projects and continue asset-backed financing.

**【CFO Financial Commentary】**
- **Q4 2024 Financials**: 
  - Consolidated revenue: $102.9 million (1.9% YoY decline)
  - Adjusted EBITDA: $11.1 million (2.8% YoY decline)
  - Cash and equivalents: $201 million (up $37.6 million YoY)
- **GRE Performance**: 
  - Adjusted EBITDA: $58.4 million (20.4% YoY decline)
  - Margin compression due to fixed-price meter migration, offset by gas revenue growth.
- **GREW Improvement**: 
  - Loss from operations: $3 million (46.9% YoY reduction)
  - Diversegy's 130% GP growth and Genie Solar's utility-scale projects drove margin expansion.
- **Shareholder Returns**: Repurchased 661,000 shares ($10.4 million) and paid $8.2 million in dividends in 2024.

GNE

GNE fundamentals

Earnings Call

You can ask Aime