Filing Flows › Genie Energy (GNE) › Q1 2026
Genie Energy (GNE) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 15, 2026
Genie Energy (GNE) reported revenue of $142M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +17% from the quarter before. Operating margin was 1.3%, net earnings $2.8M (2.0% of revenue).
Genie Energy, Q1 2026: revenue $142M (+4% year over year), operating margin 1.3%, net earnings $2.8M, operating cash flow −$6.5M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $142M | +17% | +4% |
| Gross profit | $29.8M | -12% | -20% |
| Operating profit | $1.9M | -59% | -86% |
| Net earnings | $2.8M | -42% | -73% |
| Operating cash flow | −$6.5M | -141% | -142% |
What changed
Revenue was $142.3M in Q1 2026, up 4% year over year and up 17% from the previous quarter. Electricity was the largest line at 70% of revenue. Oil and Gas added $6.9M year over year (up 24%), 126% of the total change. Electricity declined 4%.
Gross margin was 21.0%, down 6.4 points from Q1 2025. Operating profit was $1.9M, a 1.3% margin (down 8.5 points year over year). Operating profit fell $11.6M even though revenue rose $5.5M versus Q1 2025, so costs grew faster than sales. Operating expenses grew 17% against revenue growth of 4%. Net earnings were $2.8M, down 73% year over year ($2.5M including minority interests, which bore $264K of losses). The effective tax rate was 38.7%. Non-operating items added $2.2M, 54% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$6.5M. Non-cash charges added back $356K of depreciation and amortization and $720K of share-based compensation. Working capital and other items used $10.1M.
Questions
What was Genie Energy's revenue in the first quarter 2026?
Genie Energy (GNE) reported revenue of $142M for the first quarter 2026 (Q1 2026), +4% from a year earlier and +17% from the quarter before.
Was Genie Energy profitable in the first quarter 2026?
Operating profit was $1.9M (1.3% of revenue) and net earnings $2.8M.
Source: Genie Energy 10-Q on SEC EDGAR.