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Genie Energy (GNE) earnings and revenue breakdown

Latest: Q3 2026 · 10-Q filed Nov 5, 2026 · Genie Energy (GNE) Q3 2026 earnings results →

Q3 2026 Revenue down 8% year over year to $127M · 8¢ of every $1 of revenue kept as net profit · operating margin 10.0%

Genie Energy made $127M in Q3 2026 (-8% Y/Y): Electricity $113M, Oil and Gas $7.6M, Product and Service, Other $6.4M. Operating margin 10.0%, net earnings $10.1M. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 5, 2026.

Revenue$127M
Year over year-8%
Operating margin10.0%
Net earnings$10.1M
Operating cash flow$12.4M

Drawing the Sankey…

Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF

What changed this quarter

Revenue was $127.2M in Q3 2026, down 8% year over year and up 27% from the previous quarter. Electricity was the largest line at 89% of revenue. Electricity lost $13.4M year over year (down 11%), 120% of the total change.

Gross margin was 32.4%, up 10.7 points from Q3 2025. Operating profit was $12.7M, a 10.0% margin (up 4.7 points year over year). Operating expenses grew 26% against a revenue fall of 8%. Net earnings were $10.2M, up 59% year over year. The effective tax rate was 31.1%.

Operating cash flow was $12.4M (down 11% year over year), 122% of net earnings. Non-cash charges added back $351K of depreciation and amortization and $601K of share-based compensation. Working capital and other items added $1.3M.

Quarterly history

Genie Energy revenue by quarterGenie Energy revenue by quarter$137MQ1 2025$105MQ2 2025$138MQ3 2025$121MQ4 2025$142MQ1 2026$100MQ2 2026$127MQ3 2026
Genie Energy net earnings by quarterGenie Energy net earnings by quarter$10.4MQ1 2025$2.8MQ2 2025$6.7MQ3 2025$4.8MQ4 2025$2.8MQ1 2026$11.4MQ2 2026$10.1MQ3 2026
QuarterFormFiledRevenueY/YOp. marginNet earningsOp. cash flow
Q3 202610-QNov 5, 2026$127M-8%10.0%$10.1M$12.4M
Q2 202610-QAug 6, 2026$100M-5%6.5%$11.4M−$3.4M
Q1 202610-QMay 15, 2026$142M+4%1.3%$2.8M−$6.5M
Q4 202510-KMay 1, 2026$121M+18%3.8%$4.8M$15.9M
Q3 202510-QNov 6, 2025$138M+24%5.0%$6.7M$13.9M
Q2 202510-QAug 7, 2025$105M+16%1.9%$2.8M$1.1M
Q1 202510-QMay 9, 2025$137M+14%9.9%$10.4M$15.3M

Charts

Genie Energy: revenue growth, year over year and quarter over quarterGenie Energy: revenue growth, year over year and quarter over quarterY/YQ/Q+14%Q1 2025+16%-23%Q2 2025+24%+31%Q3 2025+18%-12%Q4 2025+4%+17%Q1 2026-5%-29%Q2 2026-8%+27%Q3 2026
Latest (Q3 2026): Y/Y -8%, Q/Q +27%.
Genie Energy: where the cash came from (+) and went (−), TTM to Q3 2026Genie Energy: where the cash came from (+) and went (−), TTM to Q3 2026Operating cash flow$18.4MOther investing−$12.9MCash drawn (+) / kept (−)$10.8MDividends−$8.0MOther financing−$6.1MNet borrowing (+) / repaid (−)−$2.3MExchange rates$94K
From the cash-flow statement as filed (SEC XBRL). Cash is fungible: the bars do not say which dollar paid for what.
Genie Energy: profit against cash, quarter by quarterGenie Energy: profit against cash, quarter by quarterNet incomeOperating cash flow−$15.5M$13.0MQ4 2024$10.1M$15.3MQ1 2025$2.4M$1.1MQ2 2025$6.4M$13.9MQ3 2025$4.8M$15.9MQ4 2025$2.5M−$6.5MQ1 2026$11.4M−$3.4MQ2 2026$10.1M$12.4MQ3 2026
Latest (Q3 2026): Net income $10.1M, Operating cash flow $12.4M.
Genie Energy: diluted shares by fiscal yearGenie Energy: diluted shares by fiscal year27MFY202026MFY202126MFY202226MFY202327MFY202427MFY2025
-1.0% since FY2020: buybacks shrank the count.
Genie Energy in its industry: growth against margin (29 companies, SIC 4931)Genie Energy in its industry: growth against margin (29 companies, SIC 4931)revenue growth, year over year →↑ operating marginmedian +7%median 22%DUKPepco Holdings LLCEXCPCGEDXELConsolidated Edison Co of New York IncPEGAEEWECCMSEVRGNorthern States Power CoEvergy Kansas Central, Inc.Public Service Co of ColoradoArizona Public Service CoNILNTSouthwestern Public Service CoWisconsin Public Service CorpNWEAVADPL LLCDayton Power & Light CoNorthern States Power CoMadison Gas & Electric CoUTLCPWRGNE (-8%, 10%)
Electric & Other Services Combined; dot size is quarterly revenue; dashed lines are the industry's medians.

Interactive views

The same charts as the app — open one to draw it.

💵Where each $1 goesinteractive

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🌏Named in Asian annual reportsinteractive

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🔄Rotation against the market and its industry (RRG)interactive

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🔍Earnings qualityinteractive

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⚖️Fair value by methodinteractive

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🔭Outlook & guidanceinteractive

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📈Investments: gains and what it boughtinteractive

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🏭Its industry’s money flow (input-output)interactive

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About Genie Energy

Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments. ● Genie Retail Energy (“GRE”) supplies electricity and natural gas to residential and small business customers through retail energy providers ("REPs") operating in certain deregulated markets within the United States; and

In its own words, from its 10-K, filed May 1, 2026.

Genie Energy against its Electric & Other Services Combined peers

The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: -8% against the peers' median +7%. Operating margin: 10.0% against the peers' median 20.6%.

CompanyQuarterRevenueY/YOp. margin
GNE Genie EnergyQ3 2026$127M-8%10.0%
DUK Duke EnergyQ3 2026$9.1B+7%30.2%
Pepco Holdings LLCQ3 2026$7.3B+9%18.8%
EXC ExelonQ1 2026$7.2B+8%22.2%
PCG PG&EQ3 2026$6.2B-1%20.2%
ED Consolidated EdisonQ3 2026$4.9B+8%23.8%
XEL Xcel EnergyQ3 2026$4.2B+7%28.5%
Consolidated Edison Co of New YorkQ2 2026$4.1B+13%13.6%
PEG Public Service Enterprise GroupQ3 2026$3.0B-6%20.6%

Source: Genie Energy 10-Q on SEC EDGAR · CIK 1528356 · Electric & Other Services Combined

Guidance and outlook

Genie Energy: what its forward-looking statements are about (10-Q filed 2026-11-05)Genie Energy: what its forward-looking statements are about (10-Q filed 2026-11-05)Other6Capital spending3Costs1Demand1Backlog1
12 statements; tone -0.08 (−1 all cautious, +1 all confident); 0 hedged.
Genie Energy: outlook statements against the filing beforeGenie Energy: outlook statements against the filing beforeConfident1Cautious2

13F: who owns GNE and who is buying

Largest holders of GNE (13F)Largest holders of GNE (13F)BlackRock$31.6MJ. Goldman & Co LP$17.9MVanguard Group$16.5MVanguard Capital Management LLC$12.9MDimensional Fund Advisors LP$11.2MGeode Capital Management, LLC$7.9MRenaissance Technologies LLC$7.3MState Street$6.7MSanibel Captiva Trust Company$3.9MVanguard Portfolio Management LLC$3.3M
Funds' net buying of GNE by quarter (13F)Funds' net buying of GNE by quarter (13F)$1.1M2024-09$1.0M2024-12$236K2025-03$20.3M2025-06$2.3M2025-09$3.6M2025-12$1.4M2026-03$5.8M2026-06
Value of shares 13F filers added minus the value they sold, each quarter (quarters with most filings in).

More on GNE

History

Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results

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