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GENIE ENERGY LTD 8-K Filings

GNE NYSE

Every 8-K that GENIE ENERGY LTD (GNE) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.

A 8-K covers material events a company has to report between its quarterly reports, so if you follow GNE and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GNE filings page.

Rhea-AI Summary

Genie Energy Ltd. (GNE) said it will provide its investor presentation to certain investors on October 5, 2026, and make it available on its website. The presentation contains forward-looking statements subject to the cautionary statements included in it. The company stated that the information is furnished and is not deemed filed with the SEC or incorporated by reference into other SEC filings.

Rhea-AI Summary

Genie Energy Ltd. reported results for the quarter ended June 30, 2026, with total revenues of $100.4 million and net income attributable to common stockholders of $11.4 million, or diluted EPS of $0.43, up from $2.3 million and $0.09 a year earlier.

Consolidated gross margin increased to 33.5% from 22.3%, driven mainly by Genie Retail Energy, where revenue was $94.1 million and gross margin rose to 32.2%. GRE Adjusted EBITDA was $8.7 million compared with $4.4 million in 2Q25, while Genie Renewables held revenue at $6.3 million and improved Adjusted EBITDA to $0.3 million from a loss of $0.1 million.

As of June 30, 2026, cash, restricted cash and marketable equity securities totaled $204.3 million, with working capital of $199.6 million. For the first half of 2026, operating activities used $9.9 million of cash. Management maintained full year 2026 Adjusted EBITDA guidance of $32.5 to $40 million.

Rhea-AI Summary

Genie Energy Ltd. reported the results of its Annual Meeting of Stockholders held on June 10, 2026. Stockholders re-elected all director nominees to one-year terms with strong support, with vote "for" percentages ranging from 91.87% to 99.90%.

Stockholders also approved an amendment to the 2021 Stock Option and Incentive Plan, increasing the number of shares of Class B common stock available for awards by 70,000. The amendment received 5,930,700 votes for, 731,723 against and 31,247 abstentions, representing 88.60% of votes cast in favor.

Rhea-AI Summary

Genie Energy Ltd. reported mixed results for the first quarter of 2026. Total revenue rose to $142.3M from $136.8M, driven mainly by Genie Retail Energy and strong growth at Genie Renewables. However, higher commodity costs and greater customer acquisition spending significantly compressed profitability.

Gross profit fell to $29.8M from $37.4M, and income from operations dropped to $1.9M from $13.5M. Net income attributable to common stockholders declined to $2.8M with diluted EPS of $0.11, down from $0.40. Adjusted EBITDA decreased sharply to $2.8M from $14.4M.

Management lowered full-year 2026 Adjusted EBITDA guidance to $32.5–$40M from a prior range of $40–$50M, citing margin pressure at GRE, increased acquisition spend, and solar inventory write-downs at Genie Renewables. Despite near-term headwinds, the company highlighted continued revenue growth and a cash and securities position of $199.8M as of March 31, 2026.

Rhea-AI 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.

Rhea-AI Summary

Genie Energy Ltd. is postponing its 2026 Annual Meeting of Stockholders because it is restating prior financial statements, which has delayed filing its annual report and proxy materials. The meeting, originally set for May 12, 2026, is now scheduled for 11:00 a.m. local time on June 3, 2026 at the company’s Newark, New Jersey offices.

The Board also changed the record date for voting. Shareholders of Class A and Class B common stock of record on April 22, 2026, instead of March 16, 2026, will be entitled to receive notice of and vote at the rescheduled meeting.

Rhea-AI Summary

Genie Energy released select preliminary, unaudited results for 4Q and full-year 2025 while warning that its 2023 and 2024 financial statements, and 2024–2025 quarterly results, should not be relied on and will be restated due to errors in accounting for a captive insurance liability.

Preliminary consolidated revenue rose to $121.6 million in 4Q25 from $102.9 million in 4Q24 and to $502.0 million in 2025 from $425.2 million in 2024. However, consolidated income from operations fell to $4.6 million in 4Q25 from $10.1 million and to $27.7 million in 2025 from $44.9 million, pressured by wider losses at Genie Renewables.

Management said restated 2023 and 2024 statements are expected to significantly increase income from operations, tax provision and net income, and guided to 2026 consolidated Adjusted EBITDA of $40–$50 million. The CEO highlighted strong cash generation, continued investment in growth initiatives, share repurchases and dividends, but noted challenging energy markets and asset write-downs.

Rhea-AI Summary

Genie Energy Ltd. determined that its previously issued financial statements for 2023, 2024 and related 2024–2025 interim periods should not be relied upon and will be restated due to errors in accounting for a captive insurance liability. Management currently estimates the restatement will increase 2023 Income from Operations, Provision for Income Taxes and Net Income by about $45.1 million, $12.4 million and $32.7 million, and increase 2024 Income from Operations, Provision for Income Taxes and Net Income by about $33.6 million, $10.7 million and $22.9 million, respectively. The company identified material weaknesses in internal control over financial reporting and concluded its internal control and disclosure controls were not effective as of December 31, 2025. Genie plans to include the restated 2023 and 2024 audited results and revised interim data in a comprehensive 2025 Form 10‑K and to file a Form 12b‑25 to extend the filing deadline, noting its review and remediation efforts are ongoing and may cause further delays.

Rhea-AI Summary

Genie Energy Ltd. declared a cash dividend of $0.075 per share on its Class A and Class B common stock for the fourth quarter of 2025. The dividend will be paid on or about February 26, 2026 to stockholders of record as of the close of business on February 18, 2026. The company expects the distribution to be treated as an ordinary dividend for tax purposes.

Rhea-AI Summary

Genie Energy Ltd. filed a current report indicating that it has released its financial results for the quarter ended September 30, 2025. The company distributed an earnings press release through a wire service and posted it on its investor relations website, and that release is included as Exhibit 99.1 to this report. The information is being furnished under the SEC’s rules for reporting results of operations and financial condition and is not treated as filed for liability purposes.