Genie Energy, Ltd. (GNE) has released an early snapshot of its 2025 financial performance, along with expectations for the coming year, offering investors insight into both operational progress and ongoing accounting adjustments.Genie Energy reported solid underlying business activity in 2025. On a preliminary and unaudited basis, consolidated revenues rose to approximately $502 million for 2025 from about $425 million in 2024. Growth was largely driven by the Genie Retail Energy segment, which contributed ...

Exhibit 99.1 2026 Financial Outlook For the full year 2026, Genie management is projecting consolidated Adjusted EBITDA of $40 to $50 million. Genie Energy Announces Select, Preliminary, Unaudited, Interim Financial Results Newark, NJ – March 19, 2026: Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today provided an update on its fourth quarter and full year 2025, including select unaudited, preliminary financial results, as well as financial guidance for 20 ...

Core Viewpoint - The Zacks Equity Research team highlights recent performance and outlook for several major companies, including Procter & Gamble, American Express, TJX Companies, Genie Energy, and CompX International, providing insights into their market positions and challenges faced. Procter & Gamble (PG) - Shares have declined by 1.8% over the past six months, slightly better than the industry decline of 1.9% [4] - The company faces margin pressure due to elevated commodity costs, rising tariffs, and higher financing expenses, with gross margins contracting despite productivity gains [4] - A $400 million tariff headwind and a $250 million drag from higher interest and taxes threaten earnings growth [4] - Despite challenges, PG's brand portfolio and disciplined operating strategy support steady organic sales growth, particularly in Beauty, Health Care, and Grooming [5] American Express (AXP) - Shares have decreased by 5.1% over the past six months, outperforming the industry decline of 24.8% [6] - Rising expense intensity and elevated credit-loss provisions amid weakening consumer credit trends could pressure margins and earnings stability [6] - The fourth-quarter earnings missed estimates, leading to a neutral recommendation [6] - Strong spending growth from Millennials and Gen Z, along with strategic acquisitions, enhances engagement and transaction volumes [7][8] TJX Companies (TJX) - Shares have outperformed the industry with a 14.9% increase compared to 10.9% [9] - The company benefits from a resilient off-price model and strong demand across apparel and home categories [9] - Long-term growth opportunities exist through global store expansion and disciplined execution [10] - Challenges include high store wages, payroll costs, and intense competition [11] Genie Energy (GNE) - Shares have underperformed the industry with a decline of 2.2% compared to a 20.5% increase [12] - The company faces near-term risks from commodity-cost spikes and fixed-rate contracts compressing margins [12] - Genie Energy's retail unit is expanding its customer base, targeting high-consumption meters, which may lead to margin recovery [13] - The company is well-capitalized with $206.6 million in liquidity, supporting dividends and strategic flexibility [13] CompX International (CIX) - Shares have outperformed the industry with a 6.1% increase compared to a decline of 17.7% [15] - Sales rose by 12% year over year to $120.6 million for the first nine months of 2025, with significant growth in Marine Components [16] - The company benefits from a largely U.S. manufacturing base, reducing tariff risks [17] - However, reliance on federal demand and rising costs may squeeze margins [17]

Revenue and Financial Performance - Genie Retail Energy (GRE) generated approximately 95.7% of consolidated revenues for the three and nine months ended September 30, 2025, compared to 94.5% and 94.6% for the same periods in 2024[166]. - Total revenues for the nine months ended September 30, 2025, reached $363,838,000, a 19.3% increase from $304,982,000 in the same period of 2024[179]. - Electricity revenues increased by 25.7% to $126,575,000 in Q3 2025 compared to Q3 2024, driven by a 21.2% increase in electricity consumption[180]. - Natural gas revenues rose by 14.6% to $5,795,000 in Q3 2025, primarily due to a 14.4% increase in average revenue per therm sold[182]. - Revenues for the three months ended September 30, 2025, decreased by 2.7% to $5.954 million from $6.117 million in the same period in 2024[200]. - Diversegy's revenues increased by $1.3 million in the three months ended September 30, 2025, due to strong growth in customer numbers and transactions[201]. Profitability and Costs - Gross profit for Q3 2025 was $27,563,000, a decrease of 22.9% compared to $35,772,000 in Q3 2024[179]. - Average unit cost of electricity increased by 20.2% in Q3 2025 compared to Q3 2024, impacting gross margins negatively[193]. - Total gross margin percentage for Q3 2025 was 20.8%, down from 33.8% in Q3 2024, primarily due to rising costs[192]. - The average unit cost of natural gas surged by 136.7% in Q3 2025 compared to Q3 2024, significantly affecting profitability[195]. - Cost of revenues for natural gas increased by 26.8% in the nine months ended September 30, 2025, compared to the same period in 2024, primarily due to higher natural gas consumption and average unit costs[196]. - Income from operations decreased by 40.6% to $6.9 million for the three months ended September 30, 2025, and by 32.2% to $21.8 million for the nine months ended September 30, 2025 compared to the same periods in 2024[217]. Customer Metrics and Retention - Customer A accounted for 11.4% of revenues for the three months ended September 30, 2025, down from 20.9% in 2024, indicating a decrease in revenue concentration risk[173]. - The average churn rate decreased to 5.1% in Q3 2025 from 5.6% in Q3 2024, indicating improved customer retention[188]. - Gross meter acquisitions in Q3 2025 were 47,000, down from 104,000 in Q3 2024, reflecting a return to normal acquisition levels[186]. Expenses and Administrative Costs - Selling, general and administrative expenses decreased by 16.1% in the three months ended September 30, 2025, compared to the same period in 2024, mainly due to reductions in marketing and customer acquisition costs[197]. - Selling, general and administrative expenses increased by 21.7% in the three months ended September 30, 2025, primarily due to higher employee-related costs and legal expenses[204]. - Corporate general and administrative expenses increased by 13.4% in the three months ended September 30, 2025, primarily due to higher auditing fees[209]. - Selling, general and administrative expenses as a percentage of total revenues decreased from 19.6% in Q3 2024 to 13.1% in Q3 2025[197]. Discontinued Operations and Losses - The net loss from discontinued operations of Lumo Sweden was $0.1 million and $0.4 million for the nine months ended September 30, 2025, and 2024, respectively[161]. - The company recognized an estimated loss of €2.5 million (equivalent to $2.6 million) related to claims from the Lumo Finland bankruptcy, recorded in the fourth quarter of 2024[165]. - The maximum exposure for claims related to the Lumo Finland bankruptcy is expected to be in the range of €2.0 million to €4.0 million[165]. - Losses from derivative instruments were $4.1 million and $4.9 million for the three and nine months ended September 30, 2025, respectively[246]. - The company recognized losses from derivative instruments of $6.2 million and $20.1 million for the three and nine months ended September 30, 2024, respectively[246]. Cash Flow and Capital Expenditures - Cash flows provided by operating activities of continuing operations decreased by $21.1 million to $28.1 million for the nine months ended September 30, 2025 compared to $49.2 million for the same period in 2024[225]. - The company had working capital of $113.3 million and a cash balance of $206.2 million as of September 30, 2025, sufficient to meet cash requirements until at least November 6, 2026[223]. - Total capital expenditures for the twelve months ending December 31, 2025 are anticipated to be between $7.0 million to $10.0 million, primarily related to solar projects[232]. Financing and Debt - SUT Holdings, LLC entered into a Term Loan Agreement for $7.4 million with National Cooperative Bank, with a weighted average interest rate of 6.3% as of September 30, 2025[242]. - The Credit Agreement with JPMorgan Chase Bank was amended to extend the maturity date to December 31, 2024, with a reduced credit line facility of $3.0 million[243]. - As of September 30, 2025, $7.3 million was outstanding under the Term Loan, with compliance to all financial covenants[242]. - The company pays a commitment fee of 0.1% per annum on the unused portion of the $3.0 million Credit Line[243]. Strategic Initiatives - The company is evaluating the financial viability of early-stage solar projects due to the One Big Beautiful Bill Act, which affects federal investment tax credits[155]. - Genie Renewables (GREW) holds a 95.5% interest in Genie Solar, which develops utility-scale solar energy projects[154]. - The company intends to seek acquisitions to expand the geographic scope and size of its retail energy provider businesses[156]. - The company has adopted a hedging policy for electricity and natural gas prices to mitigate market volatility[246].

Core Viewpoint - Genie Energy Ltd. reported solid revenue growth in Q3 2025, but faced significant margin compression due to rising energy costs, leading to a decline in profitability and investor sentiment [1][2][14]. Financial Performance - Revenues increased by 23.6% year over year to $138.3 million, marking a record quarterly total for the company [2]. - Gross profit declined by 20.8% year over year to $30 million, with adjusted EBITDA dropping 39.5% to $8.2 million [3]. - Net income attributable to common stockholders fell by 33.9% to $6.7 million, resulting in a diluted EPS of 26 cents compared to 38 cents a year ago [3]. Segment Analysis - Genie Retail Energy (GRE) reported a revenue growth of 25.1% to $132.4 million, driven by higher electricity usage and customer growth, but faced margin pressure with operating income dropping 32.4% to $10.2 million [4][5]. - Genie Renewables (GREW) posted revenues of $6 million, slightly down from $6.1 million, with Diversegy showing strong growth but overall profitability impacted by increased investments [6][7]. Cost and Margin Dynamics - Management attributed margin compression to rising wholesale energy prices and a lower-margin municipal aggregation contract, which is expected to expire soon [5]. - Electricity costs per kilowatt hour rose by 20% year over year, while natural gas costs surged by 137%, leading to a negative gross margin on gas sales [12]. Financial Position & Capital Returns - The company maintained a strong balance sheet with $206.6 million in cash and marketable securities, and total debt remained modest at $8.8 million [8]. - Genie Energy repurchased about 124,000 shares of Class B stock for $2 million and paid a quarterly dividend of 7.50 cents per share [9]. Management Commentary & Outlook - Management expressed optimism for a gradual improvement in margins supported by stabilizing commodity prices and a greater mix of high-consumption electric meters [11]. - The company reaffirmed its 2025 adjusted EBITDA guidance of $40-$50 million, albeit at the low end of the range [12]. Strategic Developments - Genie Energy continued to optimize its capital structure and reaffirmed its quarterly dividend policy and share repurchase program [13]. - Investor focus will likely be on the recovery of GRE's margins and execution in renewable energy projects as the company transitions into 2026 [15].

Core Viewpoint - Genie Energy Limited is set to discuss its financial and operational results for the third quarter of 2025 during an earnings call led by CEO Michael Stein and CFO Avi Goldin [1]. Financial Results - The earnings call will cover the results for the three months ended September 30, 2025, highlighting key financial metrics and operational performance [1]. Management Commentary - Michael Stein and Avi Goldin will provide prepared remarks followed by a Q&A session with investors, allowing for direct engagement on the company's performance and outlook [1].

Financial Data and Key Metrics Changes - Genie Energy reported a record-high third-quarter revenue of $138.3 million, a 24% increase year-over-year, driven by sales at its retail supply business, GRE [10] - Diluted EPS decreased to $0.26 from $0.38 year-over-year, reflecting margin pressures from rising commodity prices [4][13] - Consolidated gross profit decreased 21% to $30 million, with gross margin dropping from 33.9% to 21.7% [11][12] - Adjusted EBITDA decreased 40% to $8.2 million, with GRE's adjusted EBITDA also declining [12][13] Business Line Data and Key Metrics Changes - GRE's revenue increased 25% to $132.4 million, with electricity revenue up 26% to $126.6 million, contributing 96% of GRE's revenues [10][11] - The customer base at GRE grew to approximately 318,000 RCEs, a year-over-year increase of 5.4% [6] - GREW's revenue slightly decreased to $6 million, impacted by declines in other business lines despite growth in Diversegy [11][8] Market Data and Key Metrics Changes - The cost of electricity per kilowatt-hour increased 20% year-over-year, while the cost per therm of gas surged 137% [12] - The increase in fixed-price contracts in the retail book has led to lower margins, particularly from a large municipal aggregation deal [5] Company Strategy and Development Direction - The company continues to prioritize the acquisition of high-consumption electric meters and expects margin conditions to improve in Q4 and into 2026 [5][6] - Genie Energy is focusing on growth initiatives in its renewable segment, with projects like Genie Solar's Lansing community solar project expected to generate revenue soon [6][8] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenging market conditions affecting margins but expressed confidence in navigating through margin cycles [5][15] - The company expects to achieve the lower end of its annual guidance range of $40-$50 million in adjusted EBITDA for 2025 [9][15] Other Important Information - The company repurchased approximately 124,000 shares for $2 million and paid a quarterly dividend of $0.075 per share [9][14] - Cash and cash equivalents totaled $206.6 million as of September 30, 2025, an increase from the previous quarter [13] Q&A Session Summary - No questions were asked during the Q&A session, and the call concluded without further inquiries [16]

Financial Performance - Genie Energy reported a 23.6% increase in revenue for Q3 2025, reaching $138.3 million compared to $111.9 million in Q3 2024[7]. - Adjusted EBITDA for Q3 2025 decreased by 39.5% to $8.2 million from $13.6 million in Q3 2024[7][8]. - Gross profit fell by 20.8% to $30.0 million, with gross margin decreasing to 21.7% from 33.9%[7][8]. - Net income attributable to Genie common stockholders decreased by 33.9% to $6.7 million, with diluted EPS dropping to $0.26 from $0.38[7][8]. - Genie Renewables' revenue decreased by 2.7% to $6.0 million, impacted by a shift away from commercial project development[13]. - Total revenues for Q3 2025 reached $138.3 million, a 23.6% increase from $111.9 million in Q3 2024[26]. - Gross profit for Q3 2025 was $30.0 million, down 20.1% from $37.9 million in Q3 2024[26]. - Net income attributable to Genie Energy Ltd. common stockholders for Q3 2025 was $6.7 million, a decrease of 33.9% compared to $10.2 million in Q3 2024[26]. - Electricity revenues increased to $126.6 million in Q3 2025, up 25.7% from $100.7 million in Q3 2024[26]. - Net income for the nine months ended September 2025 was $19,899,000, a decrease of 28.5% compared to $27,754,000 in 2024[28]. - Net cash provided by operating activities of continuing operations was $28,123,000, down 42.8% from $49,174,000 in the previous year[28]. - Adjusted EBITDA for the third quarter of 2025 was $10,500,000, a decrease of 32.3% compared to $15,500,000 in the third quarter of 2024[45]. - Non-GAAP net income attributable to Genie Energy Ltd. common stockholders for the third quarter of 2025 was $7,100,000, down 34.6% from $10,900,000 in the same quarter of 2024[46]. - Diluted earnings per share for the third quarter of 2025 was $0.26, compared to $0.38 in the third quarter of 2024, reflecting a decline of 31.6%[46]. Assets and Liabilities - The company reported a total of $394.1 million in assets as of September 30, 2025, compared to $371.3 million at the end of 2024[23]. - Current liabilities increased to $124.9 million as of September 30, 2025, from $109.8 million at the end of 2024[23]. - Cash and cash equivalents rose to $109.3 million as of September 30, 2025, compared to $104.5 million at the end of 2024[23]. - Total cash, cash equivalents, and restricted cash at the end of the period was $207,137,000, an increase of 7.9% from $193,097,000 in 2024[28]. Shareholder Returns - The company repurchased approximately 124,000 shares for $2.0 million during Q3 2025 and declared a quarterly dividend of $0.075 per share[6][9]. - The company declared dividends of $0.075 per common share for both Q3 2025 and Q3 2024[26]. Future Outlook - Genie Energy expects to achieve its annual guidance range of $40 million to $50 million in Adjusted EBITDA for the full year 2025, albeit at the low end of the range[7]. - The company is nearing the launch of its Lansing community solar project, expected to generate revenue in Q4 2025[4]. - The company anticipates continued growth in renewable energy solutions and market expansion in the upcoming quarters[20]. Operating Expenses and Investments - Operating expenses for Q3 2025 were $22.6 million, a decrease from $25.2 million in Q3 2024[26]. - Capital expenditures for the nine months ended September 2025 were $5,763,000, an increase of 43.3% compared to $4,025,000 in 2024[28]. - The company reported a net cash used in investing activities of $10,383,000, a decrease of 10.1% from $11,545,000 in the previous year[28]. - Stock-based compensation for the nine months ended September 2025 was $1,938,000, an increase of 12.5% from $1,723,000 in 2024[28]. - The company experienced a net loss from discontinued operations of $62,000, compared to a loss of $435,000 in the previous year[28].

Core Insights - Genie Energy reported a record third quarter revenue of $138.3 million, representing a 23.6% increase from $111.9 million in the same quarter last year, driven by higher electricity consumption and rising commodity prices [6][8][24] - Despite the revenue growth, the company faced challenges with a decrease in gross profit and margins due to increased commodity costs, leading to a decline in net income and Adjusted EBITDA [6][9][12] Financial Performance - Revenue increased by 23.6% to $138.3 million from $111.9 million [6][8] - Gross profit decreased by 20.8% to $30.0 million from $37.9 million, with gross margin falling to 21.7% from 33.9% [6][8] - Income from operations dropped to $6.9 million from $11.7 million, a decrease of 40.6% [6][8] - Adjusted EBITDA fell to $8.2 million from $13.6 million, a decline of 39.5% [6][8] - Net income attributable to common stockholders decreased to $6.7 million, or $0.26 per diluted share, compared to $10.2 million, or $0.38 per diluted share in the prior year [6][8][24] Segment Performance - Genie Retail Energy (GRE) saw a revenue increase of 25.1% to $132.4 million, but income from operations decreased by 32.4% to $10.2 million due to rising commodity costs [9][12] - The electricity customer base grew to approximately 318,000 RCEs, a year-over-year increase of 5.4%, while total RCEs increased by 4.2% to 396,000 [2][11] - Genie Renewables (GREW) reported a slight revenue decrease of 2.7% to $6.0 million, impacted by a strategic shift away from commercial project development [12][19] Shareholder Returns - The company repurchased approximately 124,000 shares for $2.0 million during the third quarter and declared a quarterly dividend of $0.075 per share [5][6] - Cash and cash equivalents, along with marketable securities, totaled $206.6 million as of September 30, 2025 [14][24] Future Outlook - The company anticipates a gradual improvement in GRE's margin environment in the fourth quarter and into 2026, with an expected Adjusted EBITDA range of $40 million to $50 million for the full year 2025 [6][12]

Core Viewpoint - Genie Energy Ltd. is set to announce its financial and operational results for Q3 2025 on November 3, 2025, highlighting its ongoing commitment to transparency and investor engagement [1][2]. Financial Announcement Details - The earnings release will be available at 7:30 AM Eastern on the company's website and will also be filed with the SEC [2]. - A conference call hosted by Genie Energy's management will take place at 8:30 AM Eastern to discuss the results, business outlook, and strategy, followed by a Q&A session with investors [2]. Participation Information - Investors can participate in the conference call by dialing 1-888-506-0062 (toll-free from the US) or 1-973-528-0011 (international) with the access code 350498 [3]. - A replay of the call will be available approximately three hours after the event, accessible through specific toll-free numbers and will remain available until November 17, 2025 [4]. Company Overview - Genie Energy Ltd. is recognized as a leading provider of retail energy and renewable energy solutions, with divisions focused on supplying electricity and natural gas to residential and small business customers, as well as providing solar energy solutions [6].