{"id":1017595,"date":"2026-11-05T10:25:45","date_gmt":"2026-11-05T15:25:45","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/"},"modified":"2026-11-05T10:25:45","modified_gmt":"2026-11-05T15:25:45","slug":"genie-energy-announces-third-quarter-2026-results","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/","title":{"rendered":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results"},"content":{"rendered":"
\n

\n NEWARK, NJ, Nov. 05, 2026 (GLOBE NEWSWIRE) — <\/strong>Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2026.<\/p>\n

\n
\n Consolidated Highlights<\/u>
\n <\/b>\n <\/p>\n

\n (Unless otherwise noted, results are for 3Q26\u00a0and\u00a0are compared to 3Q25)<\/i>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n
\u25cf<\/td>\n\u00a0<\/td>\nRevenue decreased to $127.2 million from $138.3 million;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nGross profit increased to $41.2 million from $30.0 million; Gross margin increased to 32.4% from 21.7%;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nIncome from operations increased to $12.7 million from $7.4 million;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nNet income attributable to Genie common stockholders increased to $10.2 million from $6.4 million;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nEPS increased to $0.39 from $0.25;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nAdjusted EBITDA1<\/sup>\u00a0increased to\u00a0$13.7\u00a0million from\u00a0$8.2\u00a0million;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nCash and cash equivalents, restricted cash and marketable equity securities totaled $213.8 million at September 30, 2026 compared to $204.3 million at June 30, 2026;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nGenie will pay a $0.075 per share quarterly dividend to Class A and Class B common stockholders on or about November 23rd<\/sup>\u00a0with a record date of November 13th<\/sup>;<\/td>\n<\/tr>\n
\u25cf<\/td>\n\u00a0<\/td>\nGenie repurchased approximately 128 thousand\u00a0shares of its Class B common stock for\u00a0$2.0 million during 3Q26<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n
\n
\n 1<\/i>
\n <\/sup>\n <\/td>\n		\n Adjusted EBITDA for all periods presented is a\u00a0non-GAAP financial measure\u00a0intended to provide useful information that supplements the core operating results in accordance with GAAP for Genie Energy or the relevant segment. Please refer to the Reconciliation of Non-GAAP Financial Measures at the end of this release for an explanation of this\u00a0non-GAAP metric, including a description of changes to the non-GAAP reconciliation introduced this quarter, and reconciliations to its most directly comparable GAAP measures.<\/i>\n <\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n Management Commentary – Michael Stein, Chief Executive Officer<\/u>
\n <\/b>\n <\/p>\n

Genie delivered solid\u00a0bottom line gains in the third quarter versus the year-ago quarter. Income from operations climbed 72% year-over-year to $12.7 million and EPS increased by $0.14\u00a0to $0.39\u00a0per share.<\/p>\n

Adjusted EBITDA increased\u00a067%\u00a0to $13.7 million, putting us in a position to overcome the impacts of the challenging retail energy markets at the start of the year. We expect to reach\u00a0our 2026 guidance of $32.5 to $40.0 million in Adjusted EBITDA.\u00a0<\/p>\n

The gains this quarter versus the relatively weak year ago quarter highlight\u00a0the resilient cash generation of our\u00a0retail energy business\u00a0and the rapidly improving economics at GREW, which includes\u00a0both maturing, cash-generative businesses, notably Diversegy and Genie Solar, and investment-stage initiatives, such as Roded.<\/p>\n

At Genie Retail Energy, our improved performance reflects the expansion of our gross margin to our long-term average under normalized market conditions. You may recall that, in the year ago quarter, we encountered exceptional energy price volatility that eroded our gross and net margins. This year, under more typical market conditions, the gross margin expansion\u00a0more than offset the impact\u00a0of a decrease in our customer meter base and higher customer acquisition spend.<\/p>\n

Total RCEs and meters\u00a0declined by 15% and 13% respectively, compared to a\u00a0year ago. The decreases reflect the expiration\u00a0of low-margin aggregation deals in the fourth quarter of last year and elevated customer attrition.\u00a0At the quarter’s end, we served\u00a0337 thousand\u00a0RCEs and 351 thousand meters.<\/p>\n

At GREW, our improved bottom-line results reflect the increasing profitability at Diversegy and Genie Solar, partially offset by increasing investment in Roded and other early-stage business initiatives.\u00a0Diversegy’s results reflected\u00a0the continued collection of residuals on its existing book, while continuing\u00a0to add new customers at a healthy rate. At Genie Solar, the community solar arrays at Lansing, NY, and Perry, NY, are now both fully operational. Building on their successful development, we have decided to proceed with an additional community solar project in Delhi, NY\u00a0and plan\u00a0to bring that project online in late 2027.<\/p>\n

Roded, our plastic manufacturing initiative utilizing a proprietary recycling technology to produce pallets and other products, is developing rapidly. To meet strong demand,\u00a0we have\u00a0begun production on a second manufacturing line at\u00a0our current facility in Israel.\u00a0We are also developing a new larger production facility there,\u00a0and are close to selecting a site in the United States\u00a0for our initial international expansion.<\/p>\n

\n
\n Segment Highlights<\/u>
\n <\/b>\n <\/p>\n

\n Genie Retail Energy (GRE)<\/b>\n <\/p>\n

GRE’s retail customer base contracted year-over-year\u00a0primarily because of the expiration of low-margin aggregation deals in 4Q25 in\u00a0combination with increased customer churn levels. Energy price volatility is typically a\u00a0key driver of increased\u00a0customer churn.\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n GRE Operational and Financial Results*<\/b>\n <\/td>\n\u00a0<\/td>\n\n 3Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Change<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operational metrics (RCEs** and meters in ‘000s at end of period)<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n RCEs<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 337<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 395<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n (58<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Electricity<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 258<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 318<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n (60<\/i>\n <\/td>\n\n )<\/i>\n <\/td>\n<\/tr>\n
\n Natural gas<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 79<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 78<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 0<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Meters<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 351<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 402<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n (51<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Electricity<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 252<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 316<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n (64<\/i>\n <\/td>\n\n )<\/i>\n <\/td>\n<\/tr>\n
\n Natural gas<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 99<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 86<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 13<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross meter additions during the period<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 61<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 47<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n 14<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Churn***<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 6.3<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n 5.1<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\n 120 bps<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n\n
*<\/td>\nNumbers may not foot\u00a0due to rounding<\/td>\n<\/tr>\n
**<\/td>\nRCE (residential customer equivalent) is a measure of annual residential commodity consumption for a typical single-family household equal to 10,000 kWh (electricity) or 1,000 therms (gas)<\/td>\n<\/tr>\n
***<\/td>\nExcludes the impacts of aggregation deal expirations<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

The year-over-year decrease in GRE revenue reflects the contraction of GRE’s customer base partially offset by increased revenue per unit sold of both electricity and natural gas. Gross profit margin increased, recovering from the year ago quarter to the historical range given normalized operating environments. The increase in SG&A expenses was driven by increased spend on customer acquisition compared to the year ago quarter. The expanded gross margin more than offset the increased SG&A expenses and drove the increases in income from operations and Adjusted EBITDA.\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n
\n Financial metrics (in millions except for gross margin)<\/b>\n <\/td>\n\u00a0<\/td>\n\n 3Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Change<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Revenue<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n120.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 132.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (8.7<\/b>\n <\/td>\n\n )%<\/b>\n <\/td>\n<\/tr>\n
\n Electricity<\/i>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 113.2<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 126.6<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (10.5<\/i>\n <\/td>\n\n )%<\/i>\n <\/td>\n<\/tr>\n
\n Gas<\/i>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.6<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 5.8<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 31.0<\/i>\n <\/td>\n\n %<\/i>\n <\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n$<\/td>\n37.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n27.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n36.0<\/td>\n%<\/td>\n<\/tr>\n
Gross margin<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.8<\/td>\n%<\/td>\n\u00a0<\/td>\n1020 bps<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n$<\/td>\n22.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n17.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.8<\/td>\n%<\/td>\n<\/tr>\n
Income from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n14.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n46.5<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n\u00a0<\/td>\n$<\/td>\n15.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n45.2<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n Genie Renewables (GREW)\u00a0<\/b>\n <\/p>\n

GREW generated\u00a0improved financial results in 3Q26. Its operating-profitable businesses, primarily Diversegy and Genie Solar, increased their gross margins,\u00a0income from operations and Adjusted EBITDA contributions\u00a0compared to 3Q25. The improvements more than offset the\u00a0increased\u00a0investment in GREW’s early-stage initiatives, including\u00a0Roded, Genie’s recycled plastic pallet manufacturing business.\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n GREW Financial Results<\/b>\n <\/td>\n\u00a0<\/td>\n\n 3Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Change<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenue<\/td>\n\u00a0<\/td>\n$<\/td>\n6.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n8.0<\/td>\n%<\/td>\n<\/tr>\n
Operating-profitable entities<\/td>\n\u00a0<\/td>\n$<\/td>\n6.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.7<\/td>\n%<\/td>\n<\/tr>\n
Early-stage entities<\/td>\n\u00a0<\/td>\n$<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nnm<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit (loss)<\/td>\n\u00a0<\/td>\n$<\/td>\n3.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53.0<\/td>\n%<\/td>\n<\/tr>\n
Operating-profitable entities<\/td>\n\u00a0<\/td>\n$<\/td>\n3.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n51.1<\/td>\n%<\/td>\n<\/tr>\n
Early-stage entities<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.0<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nnm<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative expenses<\/td>\n\u00a0<\/td>\n$<\/td>\n3.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6.6<\/td>\n%<\/td>\n<\/tr>\n
Income (loss) from operations<\/td>\n\u00a0<\/td>\n$<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.3<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nnm<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating-profitable entities<\/td>\n\u00a0<\/td>\n$<\/td>\n1.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nnm<\/td>\n\u00a0<\/td>\n<\/tr>\n
Early-stage entities<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.9<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n102.1<\/td>\n%<\/td>\n<\/tr>\n
Adjusted EBITDA<\/td>\n\u00a0<\/td>\n$<\/td>\n1.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.2<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\nnm<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating-profitable entities<\/td>\n\u00a0<\/td>\n$<\/td>\n2.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n799.7<\/td>\n%<\/td>\n<\/tr>\n
Early-stage entities<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.9<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n104.4<\/td>\n%<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n * <\/sup>Numbers may not foot due to rounding
nm – not meaningful<\/p>\n

\n
\n Balance Sheet Highlights<\/u>
\n <\/b>\n <\/p>\n

As of September 30, 2026, Genie reported cash and cash equivalents,\u00a0restricted cash, and marketable equity securities of $213.8 million. At the close of 2Q26\u00a0on June 30, 2026, these line items totaled $204.3\u00a0million.<\/p>\n

Total assets as of\u00a0September 30, 2026 were $386.6 million. Liabilities totaled $125.7 million, and working capital (current assets less current liabilities) was\u00a0$203.7 million.\u00a0<\/p>\n

\n
\n Trended Financial Information<\/u>
\n <\/b>
\n
\n
\n *<\/u>
\n <\/b>
\n <\/sup>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (in millions except EPS)**<\/i>\n <\/td>\n\u00a0<\/td>\n\n 1Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Total Revenue<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 136.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 105.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 138.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 121.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 142.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 100.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 127.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 425.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 502.0<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Retail Energy<\/td>\n\u00a0<\/td>\n$<\/td>\n132.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n99.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n132.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n114.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n134.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n94.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n120.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n403.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n478.5<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Electricity<\/i>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n104.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n89.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n126.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n92.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n99.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n83.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n113.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n350.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 412.8<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Natural gas<\/i>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n28.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n9.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n5.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n22.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n35.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n52.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 65.7<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Others<\/i>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Renewables<\/td>\n\u00a0<\/td>\n$<\/td>\n4.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n7.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 23.5<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross Profit<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 37.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 23.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 30.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 33.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 29.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 33.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 41.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 138.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 124.7<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Retail Energy<\/td>\n\u00a0<\/td>\n$<\/td>\n35.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n21.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n27.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n33.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n29.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n30.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n37.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n132.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 118.5<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Renewables<\/td>\n\u00a0<\/td>\n$<\/td>\n1.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n3.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.1<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Gross Margin<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 27.3<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 22.3<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 21.7<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 27.8<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 20.9<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 33.5<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 32.4<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 32.6<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24.8<\/b>\n <\/td>\n\n %<\/b>\n <\/td>\n<\/tr>\n
Genie Retail Energy<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n27.1<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n21.6<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.2<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n31.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n32.8<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n24.8<\/td>\n%<\/td>\n<\/tr>\n
Genie Renewables<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n33.7<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n34.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n41.3<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9.9<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n53.4<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n58.5<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29.0<\/td>\n%<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26.1<\/td>\n%<\/td>\n<\/tr>\n
\n Income (loss) from operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 13.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 12.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 44.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 27.7<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Retail Energy<\/td>\n\u00a0<\/td>\n$<\/td>\n16.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n4.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n10.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n13.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n8.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n14.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n56.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n44.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Renewables<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.9<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.2<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.3<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(5.7<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.4<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.8<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(3.0<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(7.1<\/td>\n)<\/td>\n<\/tr>\n
\n Net income attributable to Genie common stockholders<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 11.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 35.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 24.0<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Diluted earnings per share<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.40<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.09<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.16<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.11<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.43<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.39<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.31<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.90<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 14.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 3.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 8.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 13.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 48.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 32.6<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n\n\n\n\n
*<\/td>\nGenie Retail Energy International (GREI) operations have been classified as a discontinued operation and their results excluded from current and historical results<\/td>\n<\/tr>\n
**<\/td>\nNumbers may not foot due to rounding<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n
\n Conference Call with Genie Energy Management\u00a0<\/u>
\n <\/b>\n <\/p>\n

At 8:30 AM Eastern, Genie Energy\u2019s CEO, Michael Stein, and CFO, Avi Goldin, will host a conference call to discuss financial and operational results, business outlook, and strategy. The call will begin with their remarks followed by Q&A with investors. To participate in the conference call, dial 1-888-506-0062 (from the US) or 1-973-528-0011 (international) and provide the following participant access code: 591004.<\/p>\n

Approximately three hours after the call, a call replay will be accessible by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and providing the replay passcode:\u00a054701. The replay will remain available through Thursday, November 19, 2026. In addition, a recording of the call will be available for playback through the Genie Energy website (https:\/\/genie.com\/investors\/investor-relations\/<\/a>).<\/p>\n

\n
\n About Genie Energy Ltd.<\/u>
\n <\/b>\n <\/p>\n

Genie Energy Ltd., (NYSE: GNE) is a leading retail energy supplier and a provider of renewable energy solutions. The Genie Retail Energy division (GRE) supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division (GREW) holds Genie\u2019s energy brokerage and advisory business, a portfolio of solar generation assets, and early-stage growth initiatives. For more information, visit Genie.com<\/a>.<\/p>\n

\n In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words “believe,” “anticipate,” “expect,” “plan,” “intend,” “estimate,” “target” and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations”), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise.<\/i>\n <\/p>\n

\n
\n Contact<\/u>
\n <\/b>\n <\/p>\n

Bill Ulrey
Investor Relations
Genie Energy, Ltd.
wulrey@genie.com<\/a><\/p>\n

\n
\n GENIE ENERGY LTD.<\/b>
\n
\n CONDENSED CONSOLIDATED BALANCE SHEETS<\/b>
\n
\n (in thousands, except per share amounts)<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n September 30,<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n December 31,<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\n (Unaudited)<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n Assets<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Current assets:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash and cash equivalents<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 185,196<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n203,516<\/td>\n\u00a0<\/td>\n<\/tr>\n
Restricted cash<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 8,881<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,936<\/td>\n\u00a0<\/td>\n<\/tr>\n
Marketable securities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 19,757<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n409<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts receivable, net of allowance for credit losses of $9,532 and $7,876 at September 30, 2026 and December 31, 2025, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 59,736<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n70,062<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 17,900<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,370<\/td>\n\u00a0<\/td>\n<\/tr>\n
Prepaid expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 14,111<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,567<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 11,619<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n17,154<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current assets of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,260<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,419<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 318,460<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n323,433<\/td>\n\u00a0<\/td>\n<\/tr>\n
Property and equipment, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 32,847<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,303<\/td>\n\u00a0<\/td>\n<\/tr>\n
Goodwill<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 13,813<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n12,978<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other intangibles, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,591<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,804<\/td>\n\u00a0<\/td>\n<\/tr>\n
Deferred income tax assets, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,309<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,309<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 17,602<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n20,553<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total assets<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 386,622<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n389,380<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Liabilities and equity<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Current liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts payable<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 30,384<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n41,094<\/td>\n\u00a0<\/td>\n<\/tr>\n
Accrued expenses<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 53,257<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n50,782<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 17,397<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,851<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current debt, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 379<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,139<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to IDT Corporation, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 293<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n112<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 10,075<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n10,052<\/td>\n\u00a0<\/td>\n<\/tr>\n
Current liabilities of discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2,949<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,996<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total current liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 114,734<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,026<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncurrent debt, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,336<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,529<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,588<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n2,379<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 125,658<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n144,934<\/td>\n\u00a0<\/td>\n<\/tr>\n
Commitments and contingencies<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Genie Energy Ltd. stockholders\u2019 equity:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Preferred stock, $0.01 par value; authorized shares\u201410,000:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Series 2012-A, designated shares\u20148,750; at liquidation preference, consisting of 0 shares issued and outstanding at September 30, 2026 and December 31, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Class A common stock, $0.01 par value; authorized shares\u201435,000; 1,574 shares issued and outstanding at September 30, 2026 and December 31, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 16<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16<\/td>\n\u00a0<\/td>\n<\/tr>\n
Class B common stock, $0.01 par value; authorized shares\u2014200,000; 29,365 and 29,339 shares issued and 24,601 and 24,847 shares outstanding at September 30, 2026 and December 31, 2025, respectively<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 293<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n293<\/td>\n\u00a0<\/td>\n<\/tr>\n
Additional paid-in capital<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 159,764<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n157,763<\/td>\n\u00a0<\/td>\n<\/tr>\n
Treasury stock, at cost, consisting of 4,764 and 4,492 shares of Class B common stock at September 30, 2026 and December 31, 2025<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (52,289<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(48,274<\/td>\n)<\/td>\n<\/tr>\n
Accumulated other comprehensive income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 5,097<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n4,921<\/td>\n\u00a0<\/td>\n<\/tr>\n
Retained earnings<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 154,528<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n136,183<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total Genie Energy Ltd. stockholders\u2019 equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 267,409<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n250,902<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interests:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Noncontrolling interests<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (6,445<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,034<\/td>\n)<\/td>\n<\/tr>\n
Receivable from issuance of equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u2014<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(422<\/td>\n)<\/td>\n<\/tr>\n
Total noncontrolling interests<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (6,445<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(6,456<\/td>\n)<\/td>\n<\/tr>\n
Total equity<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 260,964<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n244,446<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total liabilities and equity<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 386,622<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n389,380<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n GENIE ENERGY LTD.<\/b>
\n
\n CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS<\/b>
\n
\n (Unaudited)<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\u00a0<\/td>\n\n Three Months Ended September 30,<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Nine Months Ended September 30,<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n (in thousands, except per share data)<\/b>\n <\/td>\n\u00a0<\/td>\n\n 2026<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2026<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Revenues:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Electricity<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 113,224<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n126,575<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 296,186<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n320,523<\/td>\n\u00a0<\/td>\n<\/tr>\n
Natural gas<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 7,591<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,795<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 53,523<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n43,312<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 6,429<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,954<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 20,246<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n16,547<\/td>\n\u00a0<\/td>\n<\/tr>\n
Total revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 127,244<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n138,324<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 369,955<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n380,382<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cost of revenues<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 86,004<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n108,305<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 265,222<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n289,520<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gross profit<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 41,240<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,019<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 104,733<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n90,862<\/td>\n\u00a0<\/td>\n<\/tr>\n
Operating expenses:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Selling, general and administrative<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 28,504<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n22,615<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 83,601<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n67,684<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment of assets<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u2014<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u2014<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income from operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 12,736<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n7,399<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 21,132<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n23,138<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1,592<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,847<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4,754<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n5,826<\/td>\n\u00a0<\/td>\n<\/tr>\n
Interest expense<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (146<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(157<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (391<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(502<\/td>\n)<\/td>\n<\/tr>\n
Other income, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 678<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n580<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 5,149<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n797<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income before income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 14,860<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n9,669<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 30,644<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n29,259<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for income taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (4,582<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(3,273<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (6,405<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(10,308<\/td>\n)<\/td>\n<\/tr>\n
Net income from continuing operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 10,278<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,396<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24,239<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,951<\/td>\n\u00a0<\/td>\n<\/tr>\n
Loss from discontinued operations, net of taxes<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (144<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (152<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(62<\/td>\n)<\/td>\n<\/tr>\n
Net income<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 10,134<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n6,391<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 24,087<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,889<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss attributable to noncontrolling interests, net<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (34<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(13<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (234<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(297<\/td>\n)<\/td>\n<\/tr>\n
Net income attributable to Genie Energy Ltd. common stockholders<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10,168<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 24,321<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,186<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net income (loss) attributable to Genie Energy Ltd. common stockholders<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10,312<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,409<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 24,473<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,248<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (144<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(5<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (152<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n(62<\/td>\n)<\/td>\n<\/tr>\n
Net income attributable to Genie Energy Ltd. common stockholders<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10,168<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n6,404<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 24,321<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n19,186<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings (loss) per share attributable to Genie Energy Ltd. common stockholders:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.40<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.94<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.73<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.01<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.01<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per share attributable to Genie Energy Ltd. common stockholders<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.39<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.93<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.73<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Continuing operations<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.40<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.94<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.72<\/td>\n\u00a0<\/td>\n<\/tr>\n
Discontinued operations<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.01<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n (0.01<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Earnings per share attributable to Genie Energy Ltd. common stockholders<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.39<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.25<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.93<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.72<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Weighted-average number of shares used in calculation of earnings per share:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Basic<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,034<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,149<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,051<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,297<\/td>\n\u00a0<\/td>\n<\/tr>\n
Diluted<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,101<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,389<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 26,120<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n26,549<\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Dividends declared per common share<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.075<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.075<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.225<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.225<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n GENIE ENERGY LTD.<\/b>\u00a0
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS<\/b>
(Unaudited)<\/b>\u00a0<\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\u00a0<\/td>\n\n Nine Months Ended September 30,<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\n 2026<\/b>\n <\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Operating activities<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Net income<\/td>\n$<\/td>\n\n 24,087<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n18,889<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net loss from discontinued operations, net of tax<\/td>\n\u00a0<\/td>\n\n (152<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\n (62<\/b>\n <\/td>\n)<\/td>\n<\/tr>\n
Net income from continuing operations<\/td>\n\u00a0<\/td>\n\n 24,239<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n18,951<\/td>\n\u00a0<\/td>\n<\/tr>\n
Adjustments to reconcile net income to net cash provided by operating activities of continuing operations:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n\n 1,951<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,938<\/td>\n\u00a0<\/td>\n<\/tr>\n
Provision for credit losses<\/td>\n\u00a0<\/td>\n\n 1,855<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,275<\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n\n 1,055<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n722<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment of assets<\/td>\n\u00a0<\/td>\n\n \u2014<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n40<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory valuation allowance<\/td>\n\u00a0<\/td>\n\n 939<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Gain on marketable equity securities and investments and other, net<\/td>\n\u00a0<\/td>\n\n (4,250<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(1,109<\/td>\n)<\/td>\n<\/tr>\n
Gain from sale of investment property<\/td>\n\u00a0<\/td>\n\n (735<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Changes in assets and liabilities:<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Trade accounts receivable<\/td>\n\u00a0<\/td>\n\n 8,497<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n1,599<\/td>\n\u00a0<\/td>\n<\/tr>\n
Inventory<\/td>\n\u00a0<\/td>\n\n (4,635<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(8,677<\/td>\n)<\/td>\n<\/tr>\n
Prepaid expenses<\/td>\n\u00a0<\/td>\n\n (3,541<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n(1,284<\/td>\n)<\/td>\n<\/tr>\n
Other current assets and other assets<\/td>\n\u00a0<\/td>\n\n (741<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(619<\/td>\n)<\/td>\n<\/tr>\n
Trade accounts payable, accrued expenses and other liabilities<\/td>\n\u00a0<\/td>\n\n (10,910<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n11,661<\/td>\n\u00a0<\/td>\n<\/tr>\n
Due to IDT Corporation, net<\/td>\n\u00a0<\/td>\n\n 181<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n182<\/td>\n\u00a0<\/td>\n<\/tr>\n
Income taxes payable<\/td>\n\u00a0<\/td>\n\n (11,453<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n3,444<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by operating activities of continuing operations<\/td>\n\u00a0<\/td>\n\n 2,452<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n28,123<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash (used in) provided by operating activities of discontinued operations<\/td>\n\u00a0<\/td>\n\n (28<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n2,274<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash provided by operating activities<\/td>\n\u00a0<\/td>\n\n 2,424<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n30,397<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Investing activities<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Capital expenditures<\/td>\n\u00a0<\/td>\n\n (3,627<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(5,763<\/td>\n)<\/td>\n<\/tr>\n
Cash received from government grants<\/td>\n\u00a0<\/td>\n\n 2,247<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Purchases of marketable equity securities and other investments, net of cash acquired<\/td>\n\u00a0<\/td>\n\n (17,605<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(3,917<\/td>\n)<\/td>\n<\/tr>\n
Improvements in investment property<\/td>\n\u00a0<\/td>\n\n (49<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(1,876<\/td>\n)<\/td>\n<\/tr>\n
Proceeds from sale of investment property, net<\/td>\n\u00a0<\/td>\n\n 6,474<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Proceeds from return of investments<\/td>\n\u00a0<\/td>\n\n 4,597<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n1,173<\/td>\n\u00a0<\/td>\n<\/tr>\n
Net cash used in investing activities<\/td>\n\u00a0<\/td>\n\n (7,963<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(10,383<\/td>\n)<\/td>\n<\/tr>\n
\n Financing activities<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Dividends paid<\/td>\n\u00a0<\/td>\n\n (5,976<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(6,035<\/td>\n)<\/td>\n<\/tr>\n
Repurchases of Class B common stock from employees<\/td>\n\u00a0<\/td>\n\n (1,329<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(2,126<\/td>\n)<\/td>\n<\/tr>\n
Repayment of debt<\/td>\n\u00a0<\/td>\n\n (1,979<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Repurchases of Class B common stock<\/td>\n\u00a0<\/td>\n\n (2,686<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(6,605<\/td>\n)<\/td>\n<\/tr>\n
Net cash used in financing activities<\/td>\n\u00a0<\/td>\n\n (11,970<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n(14,766<\/td>\n)<\/td>\n<\/tr>\n
Effect of exchange rate changes on cash, cash equivalents, and restricted cash<\/td>\n\u00a0<\/td>\n\n 76<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n(69<\/td>\n)<\/td>\n<\/tr>\n
Net (decrease) increase in cash, cash equivalents, and restricted cash<\/td>\n\u00a0<\/td>\n\n (17,433<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n5,179<\/td>\n\u00a0<\/td>\n<\/tr>\n
Cash, cash equivalents, and restricted cash (including cash held at discontinued operations) at beginning of period<\/td>\n\u00a0<\/td>\n\n 212,438<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n201,958<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents and restricted cash (including cash held at discontinued operations) at end of the period<\/b>\n <\/td>\n\u00a0<\/td>\n\n 195,005<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n207,137<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Cash of discontinued operations at end of period<\/td>\n\u00a0<\/td>\n\n 928<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n985<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Cash, cash equivalents, and restricted cash (excluding cash held at discontinued operations) at end of period<\/b>\n <\/td>\n$<\/td>\n\n 194,077<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n206,152<\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n
\n Reconciliation of Non-GAAP Financial Measures for 3Q26\u00a0<\/u>
\n <\/b>\n <\/p>\n

In addition to disclosing financial results that are determined in accordance with generally accepted accounting principles in the United States of America (GAAP), Genie Energy discloses Adjusted EBITDA on a consolidated basis, and for its\u00a0GRE and\u00a0GREW reporting segments. Adjusted EBITDA is a non-GAAP financial measure.<\/p>\n

Generally, a non-GAAP financial measure is a numerical measure of a company\u2019s performance, financial position, or cash flows that either excludes or includes amounts that are not normally excluded or included in the most directly comparable measure calculated and presented in accordance with GAAP.<\/p>\n

This quarter, Genie has provided a more comprehensive non-GAAP reconciliation methodology. In addition to the reconciliation of consolidated Adjusted EBITDA to income from operations that it has provided to date, Genie now also provides a\u00a0reconciliation to net income by adding back the results of discontinued operations,\u00a0provision for\u00a0income taxes and interest expense and deducting\u00a0interest income and other income (loss), net to derive\u00a0income from operations. As in prior quarters, Genie reconciles to consolidated income from operations by adding back depreciation and\u00a0amortization, stock-based compensation,\u00a0impairment of assets and equity in the results of equity method investees, net. This quarter, in addition to segment level Adjusted EBITDA for GRE and GREW, Genie is also providing Adjusted EBITDA for\u00a0certain sub-categories within GREW. Consistent with prior quarters, the segment and sub-category level reconciliations start\u00a0with income from operations and\u00a0add\u00a0back depreciation and\u00a0amortization, stock-based compensation,\u00a0impairment of assets and equity in the results\u00a0of equity method investees, net.<\/p>\n

Management believes that Genie\u2019s measure of Adjusted EBITDA provides useful information to both management and investors by excluding certain expenses that may not be indicative of Genie\u2019s or GRE\u2019s core operating results. Management uses Adjusted EBITDA, among other measures, as relevant indicators of core operational strengths in its financial and operational decision-making.<\/p>\n

Management also uses Adjusted EBITDA to evaluate operating performance in relation to Genie\u2019s competitors. Disclosure of Adjusted EBITDA may be useful to investors in evaluating performance and allows for greater transparency to the underlying supplemental information used by management in its financial and operational decision-making. In addition, Genie Energy has historically reported Adjusted EBITDA and believes it is commonly used by readers of financial information in assessing performance. Therefore, the inclusion of comparative numbers provides consistency in financial reporting at this time.<\/p>\n

Management refers to Adjusted EBITDA as well as the GAAP measures revenue, gross profit, and income from operations, as well as net income, on a consolidated level to facilitate internal and external comparisons to Genie’s historical operating results, in making operating decisions, for budget and planning purposes, and to form the basis upon which management is compensated.<\/p>\n

Although depreciation and amortization are considered operating costs under GAAP, they primarily represent the non-cash current period allocation of costs associated with long-lived assets acquired or constructed in prior periods. Genie\u2019s operating results exclusive of depreciation and amortization are therefore useful indicators of its current performance.<\/p>\n

Stock-based compensation recognized by Genie Energy and other companies may not be comparable because of the various valuation methodologies, subjective assumptions, and the variety of types of awards that are permitted under GAAP. Stock-based compensation is excluded from Genie\u2019s calculation of Adjusted EBITDA because management believes this allows investors to make more meaningful comparisons of the operating results of Genie\u2019s core business with the results of other companies. However, stock-based compensation will continue to be a significant expense for Genie Energy for the foreseeable future and an important part of employees\u2019 compensation that impacts their performance.\u00a0<\/p>\n

Adjusted EBITDA should be considered in addition to, not as a substitute for, or superior to, revenue, gross profit, income from operations, cash flow from operating activities, net income, basic and diluted earnings per share or other measures of liquidity and financial performance prepared in accordance with GAAP. In addition, Genie\u2019s measurement of Adjusted EBITDA may not be comparable to similarly titled measures reported by other companies.<\/p>\n

Impairment of assets is a component of income (loss) from operations that is excluded from the calculation of Adjusted EBITDA. The impairment of assets is primarily dictated by events and circumstances outside the control of management that trigger an impairment analysis. While there may be similar charges in other periods, the nature and magnitude of these charges can fluctuate markedly and do not reflect the performance of Genie’s continuing operations.\u00a0<\/p>\n

Following are the reconciliations of Adjusted EBITDA on a consolidated basis and for GRE and GREW to their\u00a0most directly comparable GAAP measures:\u00a0<\/p>\n

\n Non-GAAP Reconciliations<\/b>\n <\/p>\n

\n Reconciliation\u00a0of Net Income to Consolidated\u00a0Adjusted EBITDA for Genie Energy Ltd., for 1Q25 to 3Q26, 2024 and 2025<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (In millions. Numbers may not foot due to rounding.)<\/i>\n <\/td>\n\u00a0<\/td>\n\n 1Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 4Q25<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 1Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 3Q26<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2024<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n 2025<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 11.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 35.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 23.7<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Loss (Income) from discontinued operations<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.2<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income from continuing operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 8.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 11.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 38.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 27.9<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 5.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 3.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 15.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 8.3<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before income taxes<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 15.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 9.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 11.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 14.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 53.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 36.1<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.7<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.8<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.9<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.7<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.5<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.6<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (7.1<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (7.7<\/b>\n <\/td>\n)<\/td>\n<\/tr>\n
Other (income) loss<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.2<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.1<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.6<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.6<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.7<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (3.8<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.7<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (1.4<\/b>\n <\/td>\n)<\/td>\n<\/tr>\n
\n Income from operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 13.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 4.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 12.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 44.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 27.7<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Add back<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.0<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Non-cash compensation<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.3<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.5<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.6<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity in net (loss) income of equity method investees<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.0<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.1<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.0<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.1<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.1<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.0<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.3<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 14.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 3.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 8.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 13.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 48.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 32.6<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n Reconciliation of Net Income to Consolidated Adjusted EBITDA and of Segment Income from Operations to Adjusted EBITDA for 3Q26<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (In millions. Numbers may not foot due to rounding.)<\/i>\n <\/td>\n\u00a0<\/td>\n\n Total<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GRE<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total GREW<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW \u2212 Operating-profitable<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW \u2212 Early-Stage<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Three months ended September 30, 2026<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n Net income<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Add: Loss from discontinued operations<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income from continuing operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n10.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n4.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before income taxes<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n14.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.7<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (loss) from operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 12.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 14.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.9<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.8<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.9<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Add back<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n .<\/i>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n$<\/td>\n0.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n$<\/td>\n0.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity in the income of equity method investees<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 13.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 15.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.6<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 1.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 2.0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.9<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n Reconciliation of Net Income to Consolidated Adjusted EBITDA and of Segment Income from Operations to Adjusted EBITDA for 3Q25<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (In millions. Numbers may not foot due to rounding.)<\/i>\n <\/td>\n\u00a0<\/td>\n\n Total<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GRE<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Total GREW<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW \u2212 Operating-profitable<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW \u2212 Early-Stage<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Three months ended September 30, 2025<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n Net income<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 6.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Add: Loss from discontinued operations<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income from continuing operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n6.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n3.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before income taxes<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n9.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.8<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.6<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income (Loss) from operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 7.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.4<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.3<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.1<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.4<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Add back<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n$<\/td>\n0.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity in the income of equity method investees<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.0<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.1<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.1<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 8.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 10.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (2.1<\/b>\n <\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.2<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 0.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (0.4<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n Reconciliation of Net Income to Consolidated Adjusted EBITDA and of Segment Income from Operations to Adjusted EBITDA for 2025<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (In millions. Numbers may not foot due to rounding.)<\/i>\n <\/td>\n\u00a0<\/td>\n\n Total<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GRE<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Year ended December 31, 2025<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n Net income<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 23.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Add: Loss (Income) from discontinued operations<\/td>\n\u00a0<\/td>\n$<\/td>\n4.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income from continuing operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n27.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n8.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before income taxes<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n36.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n0.7<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n(7.7<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(1.4<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income from operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 27.7<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 44.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (9.4<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (7.1<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Add back<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n$<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.7<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n$<\/td>\n2.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment<\/td>\n\u00a0<\/td>\n$<\/td>\n1.6<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity in the income of equity method investees<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.3<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.3<\/td>\n)<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n 32.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n 45.6<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\n (8.0<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n\n (5.0<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

\n Reconciliation of Net Income to Consolidated Adjusted EBITDA and of Segment Income from Operations to Adjusted EBITDA for 2024<\/b>\n <\/p>\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
\n (In millions.<\/i>
\n Numbers may not foot due to rounding.)<\/i>\n <\/td>\n		\u00a0<\/td>\n\n Total<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GRE<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n Corporate<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n GREW<\/b>\n <\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Year ended December 31, 2024<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
\n Net income<\/b>\n <\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n 35.2<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n\n \u00a0<\/b>\n <\/td>\n<\/tr>\n
Add: Loss (Income) from discontinued operations<\/td>\n\u00a0<\/td>\n$<\/td>\n2.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Net income from continuing operations<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n38.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Provision for (benefit from) income taxes<\/td>\n\u00a0<\/td>\n$<\/td>\n15.4<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income before income taxes<\/b>\n <\/td>\n\u00a0<\/td>\n$<\/td>\n53.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Add: Interest expense<\/td>\n\u00a0<\/td>\n$<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Less: Interest income<\/td>\n\u00a0<\/td>\n$<\/td>\n(7.1<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
Other (income) loss<\/td>\n\u00a0<\/td>\n$<\/td>\n(2.0<\/td>\n)<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n<\/tr>\n
\n Income from operations<\/b>\n <\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n 44.9<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n 56.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n (8.7<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n (3.0<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n
\n Add back<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\u00a0<\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n\n \u00a0<\/i>\n <\/td>\n<\/tr>\n
Depreciation and amortization<\/td>\n\u00a0<\/td>\n$<\/td>\n0.9<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.6<\/td>\n\u00a0<\/td>\n<\/tr>\n
Stock-based compensation<\/td>\n\u00a0<\/td>\n$<\/td>\n2.3<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n1.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n<\/tr>\n
Impairment<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n\u2014<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.2<\/td>\n\u00a0<\/td>\n<\/tr>\n
Equity in the income of equity method investees<\/td>\n\u00a0<\/td>\n$<\/td>\n0.1<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n0.5<\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.3<\/td>\n)<\/td>\n\u00a0<\/td>\n$<\/td>\n(0.1<\/td>\n)<\/td>\n<\/tr>\n
\n Adjusted EBITDA<\/b>\n <\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n 48.5<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n 58.4<\/b>\n <\/td>\n\u00a0<\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n (7.7<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n\u00a0<\/td>\n\n $<\/b>\n <\/td>\n\n (2.2<\/b>\n <\/td>\n\n )<\/b>\n <\/td>\n<\/tr>\n<\/table>\n

\n \n <\/p>\n

# # #<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

NEWARK, NJ, Nov. 05, 2026 (GLOBE NEWSWIRE) — Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2026. Consolidated Highlights (Unless otherwise noted, results are for 3Q26\u00a0and\u00a0are compared to 3Q25) \u25cf \u00a0 Revenue decreased to $127.2 million from $138.3 million; \u25cf \u00a0 Gross profit increased to $41.2 million from $30.0 million; Gross margin increased to 32.4% from 21.7%; \u25cf \u00a0 Income from operations increased to $12.7 million from $7.4 million; \u25cf \u00a0 Net income attributable to Genie common stockholders increased to $10.2 million from $6.4 million; \u25cf \u00a0 EPS increased to $0.39 from $0.25; \u25cf \u00a0 Adjusted EBITDA1\u00a0increased to\u00a0$13.7\u00a0million from\u00a0$8.2\u00a0million; \u25cf \u00a0 Cash and cash equivalents, restricted … <\/p>\n

Continue reading “Genie Energy Announces Third Quarter\u00a02026\u00a0Results”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-1017595","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGenie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"NEWARK, NJ, Nov. 05, 2026 (GLOBE NEWSWIRE) — Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2026. Consolidated Highlights (Unless otherwise noted, results are for 3Q26\u00a0and\u00a0are compared to 3Q25) \u25cf \u00a0 Revenue decreased to $127.2 million from $138.3 million; \u25cf \u00a0 Gross profit increased to $41.2 million from $30.0 million; Gross margin increased to 32.4% from 21.7%; \u25cf \u00a0 Income from operations increased to $12.7 million from $7.4 million; \u25cf \u00a0 Net income attributable to Genie common stockholders increased to $10.2 million from $6.4 million; \u25cf \u00a0 EPS increased to $0.39 from $0.25; \u25cf \u00a0 Adjusted EBITDA1\u00a0increased to\u00a0$13.7\u00a0million from\u00a0$8.2\u00a0million; \u25cf \u00a0 Cash and cash equivalents, restricted … Continue reading "Genie Energy Announces Third Quarter\u00a02026\u00a0Results"\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2026-11-05T15:25:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"17 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Genie Energy Announces Third Quarter\u00a02026\u00a0Results\",\"datePublished\":\"2026-11-05T15:25:45+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/\"},\"wordCount\":3406,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/\",\"name\":\"Genie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==\",\"datePublished\":\"2026-11-05T15:25:45+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==\",\"contentUrl\":\"https:\\\/\\\/www.globenewswire.com\\\/newsroom\\\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/genie-energy-announces-third-quarter-2026-results\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Genie Energy Announces Third Quarter\u00a02026\u00a0Results\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#website\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/\",\"name\":\"Market Newsdesk\",\"description\":\"Latest Business News in Real Time\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\",\"name\":\"Newsdesk\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g\",\"caption\":\"Newsdesk\"},\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/author\\\/newsdesk\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/","og_locale":"en_US","og_type":"article","og_title":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk","og_description":"NEWARK, NJ, Nov. 05, 2026 (GLOBE NEWSWIRE) — Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2026. Consolidated Highlights (Unless otherwise noted, results are for 3Q26\u00a0and\u00a0are compared to 3Q25) \u25cf \u00a0 Revenue decreased to $127.2 million from $138.3 million; \u25cf \u00a0 Gross profit increased to $41.2 million from $30.0 million; Gross margin increased to 32.4% from 21.7%; \u25cf \u00a0 Income from operations increased to $12.7 million from $7.4 million; \u25cf \u00a0 Net income attributable to Genie common stockholders increased to $10.2 million from $6.4 million; \u25cf \u00a0 EPS increased to $0.39 from $0.25; \u25cf \u00a0 Adjusted EBITDA1\u00a0increased to\u00a0$13.7\u00a0million from\u00a0$8.2\u00a0million; \u25cf \u00a0 Cash and cash equivalents, restricted … Continue reading \"Genie Energy Announces Third Quarter\u00a02026\u00a0Results\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/","og_site_name":"Market Newsdesk","article_published_time":"2026-11-05T15:25:45+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"17 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results","datePublished":"2026-11-05T15:25:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/"},"wordCount":3406,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/","name":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results - Market Newsdesk","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#primaryimage"},"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==","datePublished":"2026-11-05T15:25:45+00:00","author":{"@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"breadcrumb":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#primaryimage","url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg==","contentUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTg3MTE1OCM3OTQ4MjExIzUwMDExOTQ5Mg=="},{"@type":"BreadcrumbList","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/genie-energy-announces-third-quarter-2026-results\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.marketnewsdesk.com\/"},{"@type":"ListItem","position":2,"name":"Genie Energy Announces Third Quarter\u00a02026\u00a0Results"}]},{"@type":"WebSite","@id":"https:\/\/www.marketnewsdesk.com\/#website","url":"https:\/\/www.marketnewsdesk.com\/","name":"Market Newsdesk","description":"Latest Business News in Real Time","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.marketnewsdesk.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979","name":"Newsdesk","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/a0d0bd5b0f0ca12a265a459b13169dac35f33776d8501eda5e68844a366f2f46?s=96&d=mm&r=g","caption":"Newsdesk"},"url":"https:\/\/www.marketnewsdesk.com\/index.php\/author\/newsdesk\/"}]}},"_links":{"self":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/1017595","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/comments?post=1017595"}],"version-history":[{"count":0,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/posts\/1017595\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/media?parent=1017595"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/categories?post=1017595"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.marketnewsdesk.com\/index.php\/wp-json\/wp\/v2\/tags?post=1017595"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}