The massive EPS beat and margin recovery signal that the Q1 margin compression was temporary, but the revenue miss and customer count decline warrant caution. Monitor upcoming quarters for sustained margin improvement and customer acquisition trends to confirm the turnaround is durable.
Price Chart
Executive Summary
Genie Energy reported Q2 2026 EPS of $0.43, a 72% beat vs the $0.25 consensus, and revenue of $100.4M which missed the $104.6M estimate. The beat was driven by a sharp recovery in retail energy margins (gross margin expanded to 33.5% from 22.3% a year ago), while revenue fell 4.6% YoY due to lower electricity volumes. Management maintained full-year Adjusted EBITDA guidance of $32.5M-$40M, a positive signal after lowering it last quarter.
Key Financial Metrics
Key Facts
- EPS of $0.43 beat consensus of $0.25 by 72%
- Revenue of $100.4M missed consensus of $104.6M, down 4.6% YoY
- Gross margin expanded to 33.5% from 22.3% YoY, a 1,120 bps improvement
- Income from operations surged to $6.5M from $2.3M YoY
- Adjusted EBITDA rose to $7.5M from $3.0M YoY
- Full-year 2026 Adjusted EBITDA guidance maintained at $32.5M-$40M
- GRE segment gross margin recovered to 32.2% from 21.5% YoY
- GREW segment turned positive Adjusted EBITDA of $0.3M vs -$0.1M YoY
- Cash and equivalents totaled $204.3M at quarter end
- Company repurchased ~48k shares for $659k during Q2
Financial Impact
EPS beat by $0.18 (72%) on a $0.25 consensus; revenue miss of $4.2M (4.0%) vs $104.6M consensus. Gross profit increased $10.2M YoY to $33.7M.
Risk Factors
- Revenue continues to decline YoY (-4.6%), driven by lower electricity volumes and customer attrition
- GRE customer churn increased to 5.9% from 4.8% YoY, and RCEs fell 16.4% YoY
- Full-year guidance was already lowered last quarter; maintaining it now may set a low bar
- SG&A expense grew 28.2% YoY, outpacing gross profit growth, pressuring operating leverage
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 6 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001437749-26-026047 |
| Document: gne20260526_8k.htm | 0001437749-26-026047 |
| Document: 0001437749-26-026047-index-headers.html | 0001437749-26-026047 |
| Document: 0001437749-26-026047-index.html | 0001437749-26-026047 |
| Document: 0001437749-26-026047.txt | 0001437749-26-026047 |
| 8-K Data (Synthetic) | 0001437749-26-026047 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 22, 2026 4d ago | Press Release | $16.71 | awaiting T+20 | — | $16.90 (+1.14%) |
Oct 5, 2026 21d ago | 8-K | $16.42 | awaiting T+20 | — | $16.90 (+2.92%) |
Aug 6, 2026 11w ago | 8-K | $14.74 $15.31 | ▲ +3.87% | ▲ +3.27% | $16.90 (+14.65%) |
Jul 22, 2026 13w ago | Press Release | $14.50 $15.00 | ▲ +3.45% | ▲ +0.55% | $16.90 (+16.55%) |
Jun 11, 2026 19w ago | 3 | $14.06 $13.77 | ▼ −2.06% | ▼ −3.95% | $16.90 (+20.20%) |
May 14, 2026 23w ago | 8-K | $12.98 $14.09 | ▼ −8.56% | ▼ −9.41% | $16.90 (−30.21%) |
May 14, 2026 23w ago | Press Release | $12.98 $14.09 | ▼ −8.56% | ▼ −9.41% | $16.90 (−30.21%) |
May 8, 2026 24w ago | Press Release | $14.44 $13.96 | ▼ −3.32% | ▼ −3.35% | $16.90 (+17.04%) |
Apr 7, 2026 28w ago | 8-K | $14.43 $14.34 | ▲ +0.62% | ▲ +9.17% | $16.90 (−17.12%) |
Apr 7, 2026 28w ago | Press Release | $14.43 $14.34 | ▼ −0.62% | ▼ −9.17% | $16.90 (+17.12%) |
US Market Status
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