Genie Energy Ltd.
For the period ended Dec 31, 2025. Filed May 1, 2026.
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FY2025 · Filed May 1, 2026
GNE$19.25+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year ended December 31, | |||
|---|---|---|---|
| (in thousands, except per share data) | 2025 | 2024 | 2023 |
| (As Restated) · (As Restated) | |||
| REVENUES: | |||
| Electricity | $412,782 | $350,514 | $350,779 |
| Natural gas | 65,667 | 52,101 | 55,988 |
| Other | 23,522 | 22,587 | 21,941 |
| Total revenues | 501,971 | 425,202 | 428,708 |
| Cost of revenues | 377,286 | 286,719 | 282,502 |
| GROSS PROFIT | 124,685 | 138,483 | 146,206 |
| OPERATING EXPENSES AND LOSSES: | |||
| Selling, general and administrative | 95,326 | 93,396 | 91,109 |
| Impairment of assets | 1,642 | 185 | — |
| Income from operations | 27,717 | 44,902 | 55,097 |
| Interest income | 7,715 | 7,072 | 5,076 |
| Interest expense | (670) | (464) | (99) |
| Gain on investments and others, net | 1,379 | 1,971 | 3,122 |
| Income before income taxes | 36,141 | 53,481 | 63,196 |
| Provision for income taxes | (8,262) | (15,358) | (16,622) |
| NET INCOME FROM CONTINUING OPERATIONS | 27,879 | 38,123 | 46,574 |
| (Loss) income from discontinued operations, net of tax | (4,164) | (2,907) | 6,409 |
| NET INCOME | 23,715 | 35,216 | 52,983 |
| Net loss (income) attributable to noncontrolling interests, net | 291 | 293 | (740) |
| NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. | 24,006 | 35,509 | 52,243 |
| Dividends on preferred stock | — | — | (333) |
| NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. COMMON STOCKHOLDERS | $24,006 | $35,509 | $51,910 |
| Amounts attributable to Genie Energy Ltd. common stockholders | |||
| Income from continuing operations | $28,170 | $38,416 | $45,501 |
| (Loss) income from discontinued operations | (4,164) | (2,907) | 6,409 |
| Net income attributable to Genie Energy Ltd. common stockholders | $24,006 | $35,509 | $51,910 |
| Earnings per share attributed to Genie Energy Ltd. common stockholders | |||
| Basic | |||
| Income from continuing operations | $1.07 | $1.44 | $1.78 |
| (Loss) income from discontinued operations | (0.16) | (0.11) | 0.25 |
| Net income attributable to Genie Energy Ltd. common stockholders | $0.91 | $1.33 | $2.03 |
| Diluted | |||
| Income from continuing operations | $1.06 | $1.42 | $1.74 |
| (Loss) income from discontinued operations | $(0.16) | $(0.11) | $0.25 |
| Net income attributable to Genie Energy Ltd. common stockholders | $0.90 | $1.31 | $1.99 |
| Weighted-average number of shares used in the calculation of earnings per share | |||
| Basic | 26,277 | 26,763 | 25,553 |
| Diluted | 26,535 | 27,163 | 26,062 |
| Dividends declared per common share | $0.30 | $0.30 | $0.30 |
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