Genie Energy Receives NYSE Notice Regarding Delayed 10-K Filing
Rhea-AI Summary
Genie Energy (NYSE: GNE) received an NYSE notice on April 1, 2026 for noncompliance with Section 802.01E due to a delayed Form 10-K for the year ended December 31, 2025.
The company said it must prepare restated audited financials for 2024 and 2023 and expects to file within the six-month NYSE cure period; the notice currently has no immediate effect on the listing.
Positive
- NYSE notice does not immediately affect listing
- Company expects to file within six months
- Preparing restated audited financials for 2024 and 2023
Negative
- Delay in filing Form 10-K for FY2025
- Requires restated audited financial statements for 2024 and 2023
- Potential delisting if Form 10-K not filed within six months
News Market Reaction – GNE
In the Apr 8 session, GNE gained 2.56%, reflecting a moderate positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Historical Context
| Date | Event | Sentiment | 24h Move | Catalyst |
|---|---|---|---|---|
| Mar 19 | Prelim earnings & restatement | Negative | -2.4% | Preliminary 2025 results and announcement of restatement for 2023–2024. |
| Nov 03 | Q3 2025 earnings | Negative | -1.7% | Revenue growth but lower margins and reduced Adjusted EBITDA guidance tone. |
| Oct 17 | Earnings call scheduling | Neutral | -0.3% | Announcement of timing and access details for Q3 2025 earnings call. |
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Recent earnings and restatement-related disclosures have been followed by modest negative price reactions.
Over the last year, Genie Energy has been shaped by earnings updates and emerging accounting issues. On Mar 19 2026, it released preliminary FY2025 results and disclosed that 2023–2024 financials require restatement, with the stock falling 2.38%. Earlier, Q3 2025 results on Nov 3 2025 showed revenue growth but margin compression and lower Adjusted EBITDA, followed by a 1.66% decline. A Oct 17 2025 announcement about the upcoming Q3 call saw a smaller 0.32% drop. Today’s NYSE notice fits into this ongoing restatement and reporting-delay narrative.
Key Terms
form 10-k regulatory
securities and exchange commission regulatory
rule 12b-25 regulatory
nyse continued listing standards regulatory
form 8-k regulatory
forward-looking statements regulatory
AI-generated analysis. How Rhea-AI works. Not financial advice.
NEWARK, NJ, April 07, 2026 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE) (the “Company”), a leading retail energy and renewable energy solutions provider, announced today that it had received notice from the New York Stock Exchange (“NYSE”) on April 1, 2026 (“the NYSE Notice”) that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual due to a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2025 (the “Form 10-K”) with the Securities and Exchange Commission (the “SEC”).
The Company determined that it would not be able to file the Form 10-K within the 15-day extension period under Rule 12b-25 without unreasonable effort or expense due to the need to prepare restated audited financial statements for the fiscal years ended December 31, 2024 and 2023 that will be included in its comprehensive Form 10-K for the fiscal year ended December 31, 2025. The Company is working diligently to prepare and file the comprehensive Form 10-K, including the restated financial statements, as soon as practicable and anticipates filing within the six-month period provided for under NYSE continued listing standards as noted in the NYSE Notice, which will bring the Company back into compliance with NYSE continued listing standards.
The NYSE Notice has no immediate effect on the listing of the Company’s Class B common stock on the NYSE. If the Company fails to file the Form 10-K within the six-month period provided in the NYSE continued listing standards, the NYSE may grant, at its sole discretion, an extension of up to six additional months for the Company to regain compliance, depending on the specific circumstances. The NYSE may nevertheless commence delisting proceedings at any time if it deems that the circumstances warrant.
On March 19, 2026, the Company issued a press release and filed a Form 8-K with the SEC providing select, preliminary estimated unaudited financial metrics for the three and twelve months ended December 31, 2025.
In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate, “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.
About Genie Energy Ltd.:
Genie Energy Ltd., (NYSE: GNE) is a leading retail energy and renewable energy solutions provider. The Genie Retail Energy division (GRE) supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division (GREW) is a vertically-integrated provider of community and utility-scale solar energy solutions. For more information, visit Genie.com.
Contact:
Avi Goldin
Chief Financial Officer
Avi.goldin@genie.com
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