Filing Flows › Genie Energy (GNE) › Q3 2026 › vs Q3 2025
Genie Energy (GNE) Q3 2026 vs Q3 2025 (year over year)
Genie Energy's revenue fell $11.1M (-8%) from $138M in Q3 2025 to $127M in Q3 2026. The biggest changes: Electricity −$13.4M (-11%); Oil and Gas +$1.8M (+31%); Product and Service, Other +$475K (+8%). Gross margin 32.4% against 21.7% (+10.7 pts).
Genie Energy, Q3 2026: revenue $127M (-8% year over year), operating margin 10.0%, net earnings $10.1M, operating cash flow $12.4M. The chart draws each line against Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Gross margin | 32.4% | 21.7% | +10.7 pts |
| Operating margin | 10.0% | 5.3% | +4.7 pts |
| Net margin | 8.0% | 4.6% | +3.3 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Electricity | $113M | $127M | −$13.4M | -11% |
| Oil and Gas | $7.6M | $5.8M | $1.8M | +31% |
| Product and Service, Other | $6.4M | $6.0M | $475K | +8% |
| Revenue | $127M | $138M | −$11.1M | -8% |
| Gross profit | $41.2M | $30.0M | $11.2M | +37% |
| Cost of revenue | $86.0M | $108M | −$22.3M | -21% |
| Other income, net | $2.0M | $2.3M | −$290K | -13% |
| Operating profit | $12.7M | $7.4M | $5.3M | +72% |
| Operating expenses | $28.5M | $22.6M | $5.9M | +26% |
| Pre-tax earnings | $14.7M | $9.7M | $5.0M | +52% |
| Net earnings | $10.1M | $6.4M | $3.7M | +59% |
| Income tax | $4.6M | $3.3M | $1.3M | +40% |
| Depreciation & amortization | $351K | $252K | $99K | +39% |
| Share-based compensation | $601K | $593K | $8K | +1% |
| Working capital & other | $1.3M | $6.7M | −$5.4M | -81% |
| Operating cash flow | $12.4M | $13.9M | −$1.6M | -11% |
Questions
How much did Genie Energy's revenue grow year over year in Q3 2026?
Genie Energy's revenue fell $11.1M (-8%) from $138M in Q3 2025 to $127M in Q3 2026.
What drove Genie Energy's revenue change in Q3 2026?
Electricity −$13.4M (-11%); Oil and Gas +$1.8M (+31%); Product and Service, Other +$475K (+8%).