Filing Flows › Genie Energy (GNE) › Q2 2026
Genie Energy (GNE) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Genie Energy (GNE) reported revenue of $100M for the second quarter 2026 (Q2 2026), -5% from a year earlier and -29% from the quarter before. Operating margin was 6.5%, net earnings $11.4M (11.3% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $100M | -29% | -5% |
| Gross profit | $33.7M | +13% | +43% |
| Operating profit | $6.5M | +249% | +188% |
| Net earnings | $11.4M | +309% | +385% |
| Operating cash flow | −$3.4M | — | -406% |
What changed
Revenue was $100.4M in Q2 2026, down 5% year over year and down 29% from the previous quarter. Electricity was the largest line at 83% of revenue. Electricity lost $6.3M year over year (down 7%), 131% of the total change.
Gross margin was 33.5%, up 11.2 points from Q2 2025. Operating profit was $6.5M, a 6.5% margin (up 4.3 points year over year). Operating expenses grew 28% against a revenue fall of 5%. Net earnings were $11.4M, up 385% year over year. The effective tax rate was 2.0%. Non-operating items added $5.2M, 44% of pre-tax earnings, so the bottom line overstates operating performance.
Operating cash flow was −$3.4M. Non-cash charges added back $348K of depreciation and amortization and $630K of share-based compensation. Working capital and other items used $15.8M.
Questions
What was Genie Energy's revenue in the second quarter 2026?
Genie Energy (GNE) reported revenue of $100M for the second quarter 2026 (Q2 2026), -5% from a year earlier and -29% from the quarter before.
Was Genie Energy profitable in the second quarter 2026?
Operating profit was $6.5M (6.5% of revenue) and net earnings $11.4M.
Source: Genie Energy 10-Q on SEC EDGAR.