Genie Energy (NYSE: GNE) faces NYSE noncompliance notice on delayed 10-K filing
Rhea-AI Filing Summary
Genie Energy Ltd. received a noncompliance notice from the NYSE on April 1, 2026 because it has not yet filed its Form 10-K for the year ended December 31, 2025. The delay is tied to preparing restated audited financial statements for fiscal 2024 and 2023, which will be included in a comprehensive Form 10-K.
The company says it is working diligently to complete and file the report and expects to do so within the six-month period allowed under NYSE continued listing standards, which would restore compliance. The notice does not immediately affect the listing of Genie’s Class B common stock, but the NYSE can begin delisting proceedings or grant up to an additional six-month extension if the filing remains late.
Positive
- None.
Negative
- NYSE noncompliance and restatement-driven filing delay: Genie Energy received an NYSE notice for failing to timely file its Form 10-K because it must restate audited financials for 2024 and 2023, creating uncertainty around past results and introducing potential delisting risk if the comprehensive 10-K is not filed within the allowed cure periods.
Insights
Genie Energy faces NYSE noncompliance over a late 10-K tied to financial restatements, introducing real listing and credibility risk.
Genie Energy has fallen out of compliance with NYSE Section 802.01E because it has not filed its Form 10-K for the year ended December 31, 2025. The delay stems from the need to restate audited financial statements for fiscal 2024 and 2023, which is more serious than a routine filing delay and can raise questions about prior reporting.
The company plans to file a comprehensive Form 10-K, including the restated financials, within the NYSE’s allowed six-month cure period, which would return it to compliance. For now, its Class B common stock remains listed, but the NYSE may start delisting proceedings at any time and may or may not grant up to an additional six-month extension, depending on circumstances. Market perception will likely hinge on both the timing and the content of the restated results once disclosed.
8-K Event Classification
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Section 802.01E regulatory
Form 10-K regulatory
Rule 12b-25 regulatory
restated audited financial statements financial
continued listing standards regulatory
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Item 7.01.
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Regulation FD
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Item 9.01
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Financial Statements and Exhibits.
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(d)
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Exhibits.
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| Exhibit No. |
Document
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| 99.1 |
Press Release, dated April 7, 2026.
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Cover Page Interactive Data File, formatted in Inline XBRL document.
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| GENIE ENERGY LTD. | |||
| By: | /s/ Michael Stein | ||
| Name: Michael Stein | |||
| Title: Chief Executive Officer | |||
| Exhibit No. |
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| 99.1 |
Press Release, dated April 7, 2026.
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Cover Page Interactive Data File, formatted in Inline XBRL document.
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Exhibit 99.1
Genie Energy Receives NYSE Notice Regarding Delayed 10-K Filing
NEWARK, NJ – April 7, 2026: 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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