Genie Energy, Ltd. (NYSE: GNE) shares dropped Monday, as the company purporting to be a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2025.
CEO Michael Stein commented: "Genie Energy achieved another quarter of double-digit topline growth to attain record third quarter revenue. The revenue increase was fueled by an increase in per-meter electricity consumption, rising commodity prices, and RCE base growth at Genie Retail Energy (GRE). However, the challenging market conditions that impacted GRE's second quarter results persisted and again weighed on our bottom-line.
Revenue increased 23.6% to $138.3 million from $111.9 million. Gross profit decreased 20.8% to $30.0 million from $37.9 million; Gross margin decreased to 21.7% from 33.9%.
Income from operations decreased to $6.9 million from $11.7 million Adjusted EBITDA decreased to $8.2 million from $13.6 million.
Net income attributable to Genie common stockholders and income per diluted share (EPS) attributable to Genie common stockholders of $6.7 million and $ 0.26 compared to $10.2 million and $ 0.38, respectively.
Non-GAAP net income attributable to Genie common stockholders and non-GAAP EPS attributable to Genie common stockholders of $7.1 million and $0.27 compared to $10.9 million and $0.41, respectively.
GNE fell 40 cents, or 2.7% to $14.67.
Related Stories
