Filing Flows › Genie Energy (GNE) › Q2 2026 › vs Q1 2026
Genie Energy (GNE) Q2 2026 vs Q1 2026 (quarter over quarter)
Genie Energy's revenue fell $41.9M (-29%) from $142M in Q1 2026 to $100M in Q2 2026. The biggest changes: Oil and Gas −$24.8M (-70%); Electricity −$15.9M (-16%); Product and Service, Other −$1.3M (-17%). Gross margin 33.5% against 21.0% (+12.6 pts).
Genie Energy, Q2 2026: revenue $100M (-5% year over year), operating margin 6.5%, net earnings $11.4M, operating cash flow −$3.4M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Gross margin | 33.5% | 21.0% | +12.6 pts |
| Operating margin | 6.5% | 1.3% | +5.2 pts |
| Net margin | 11.3% | 2.0% | +9.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Electricity | $83.5M | $99.4M | −$15.9M | -16% |
| Oil and Gas | $10.6M | $35.4M | −$24.8M | -70% |
| Product and Service, Other | $6.3M | $7.5M | −$1.3M | -17% |
| Revenue | $100M | $142M | −$41.9M | -29% |
| Gross profit | $33.7M | $29.8M | $3.9M | +13% |
| Cost of revenue | $66.7M | $112M | −$45.8M | -41% |
| Other income, net | $5.2M | $2.2M | $2.9M | +131% |
| Operating profit | $6.5M | $1.9M | $4.7M | +249% |
| Operating expenses | $27.1M | $27.9M | −$801K | -3% |
| Pre-tax earnings | $11.7M | $4.1M | $7.6M | +185% |
| Net earnings | $11.4M | $2.8M | $8.6M | +309% |
| Minority interests | $65K | −$264K | $329K | — |
| Income tax | $239K | $1.6M | −$1.3M | -85% |
| Operating cash sources | $15.8M | $10.4M | $5.4M | +52% |
| Depreciation & amortization | $348K | $356K | −$8K | -2% |
| Share-based compensation | $630K | $720K | −$90K | -12% |
| Cash used in operations | $3.4M | $6.5M | −$3.1M | -48% |
| Working capital & other | $15.8M | $10.4M | $5.4M | +52% |
Questions
How much did Genie Energy's revenue grow quarter over quarter in Q2 2026?
Genie Energy's revenue fell $41.9M (-29%) from $142M in Q1 2026 to $100M in Q2 2026.
What drove Genie Energy's revenue change in Q2 2026?
Oil and Gas −$24.8M (-70%); Electricity −$15.9M (-16%); Product and Service, Other −$1.3M (-17%).