Genie Energy Q2 revenue up 12%, GRE's profit impacted by wholesale power price increases.

• Genie Energy reports mixed Q2 results • Solid operational progress and double-digit topline growth • Margin compression at GRE impacts bottom-line • GRE expands customer base to 419,000 meters served • GRE's financial results impacted by wholesale power price increases • GREW making progress on solar generation development pipeline

Genie Energy Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, reported mixed results for the second quarter of 2025. The company noted solid operational progress and double-digit topline growth, but significant margin compression at its Genie Retail Energy (GRE) segment weighed on its bottom-line [2].

Key Financial Highlights

- Revenue increased 16.0% to $105.3 million from $90.7 million [2].
- Gross profit decreased 29.6% to $23.5 million from $33.3 million, with gross margin decreasing to 22.3% from 36.8% [2].
- Income from operations decreased to $2.0 million from $10.6 million [2].
- Adjusted EBITDA decreased to $3.0 million from $12.0 million [2].
- Net income attributable to Genie common stockholders and income per diluted share (EPS) attributable to Genie common stockholders of $2.8 million and $0.11 compared to $9.6 million and $0.36, respectively [2].

Segment Performance

- Genie Retail Energy (GRE): GRE's 2Q25 revenue increased 14.2% to $99.0 million from $86.7 million in 2Q24, primarily reflecting increased consumption from customer base growth. However, income from operations decreased 72.7% to $4.0 million from $14.6 million, and Adjusted EBITDA decreased 70.5% to $4.4 million from $14.9 million. The decreases primarily reflect increased commodity cost absorbed by GRE compared to 2Q24, driven by increased wholesale commodity prices, and amplified by unseasonably hot weather in some service markets during the quarter [2].
- Genie Renewables (GREW): GREW's first quarter revenue increased 57.3% to $6.3 million from $4.0 million in 2Q24, primarily reflecting growth at Diversegy and Genie Solar. GREW's loss from operations decreased to $0.2 million from $1.4 million in 2Q24 [2].

Outlook

Looking ahead to the balance of the year, assuming a normalized retail margin environment, and further improvement and growth at GREW led by Diversegy and Genie Solar, Genie Energy expects to generate $40 to $50 million of consolidated Adjusted EBITDA in 2025 [2].

References

[1] https://www.tradingview.com/news/reuters.com,2025-08-07:newsml_PLXF0D8AB:0-brief-genie-energy-q2-revenue-usd-105-3-million/
[2] https://sg.finance.yahoo.com/news/genie-energy-announces-second-quarter-113000564.html
[3] https://www.globenewswire.com/news-release/2025/08/07/3129132/0/en/Genie-Energy-Announces-Second-Quarter-2025-Results.html