Short answer
Genie Energy Ltd. (GNE) filed its Q1 2026 10-Q quarterly report on May 15, 2026 for the quarter ended Mar 31, 2026. Quarterly revenue was $142M (up 4.0% year over year) with net income of $3M.
Q1 2026 key financials · XBRL
- Revenue
- $142M
- +4.0% YoY
- Net income
- $3M
- −73.9% YoY
- Operating margin
- 1.3%
- Gross margin
- 21.0%
- EPS (diluted)
- $0.11
- −72.5% YoY
Source: XBRL data from the Genie Energy Ltd. (GNE) Q1 2026 10-Q on SEC EDGAR. USD.
Genie Energy Ltd. Q1 2026 10-Q analysis
AI summary of MD&A and risk factor updates
Management Discussion & Analysis
- GRE revenue $134.8M, up 1.7% YoY from $132.5M; natural gas revenue rose 24.4% to $35.4M
- Consolidated gross margin 20.2% vs 26.0% YoY; GRE margin 21.6% vs 27.2%
- Best segment GRE revenue $134.8M; GREW revenue $7.5M, up 74.3%, but operating loss widened to $2.4M
- GRE operating income $6.6M, down 60.6% YoY; GREW operating loss $2.4M vs $0.9M
- Headwinds: electricity and natural-gas unit costs increased 27.5% and 54.6%; solar tax-credit expiration accelerated after December 31, 2027
Risk Factors
- Risk factors unchanged from the 2025 Form 10-K; no newly triggered risks disclosed
- Carried-forward regulatory and compliance risks remain the most significant identified exposure
- Carried-forward operational and market risks remain relevant to near-term performance
- Class B share repurchases: 36,659 shares acquired in February at $14.13 per share for employee tax withholding
- Repurchase authorization: up to 7.0 million Class B shares approved March 11, 2013
Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K
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