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Genie Energy Ltd., through its subsidiaries, provides energy services in the United States and internationally. It operates in two segments, Genie Retail Energy and Genie Renewables. The company resells electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas; and develops, constructs, and operates utility-scale solar energy projects. It also distributes solar panels; offers energy procurement and advisory services to industrial, commercial, and municipal customers; and markets solar and alternative products and services. The company was incorporated in 2011 and is headquartered in Newark, New Jersey.
5-year financial trends. Figures in USD millions.
Latest fiscal year: 2025
Year-by-year revenue, profitability, and cash flow (USD millions, last 10 years)
| Year | Revenue | EBITDA | Net Profit | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|
| 2025 | $502M | $38M | $24M | $38M | 9.6% | 18.1% | -32.4% |
| 2024 | $425M | $55M | $36M | $63M | 14.4% | -0.8% | -32.0% |
| 2023 | $429M | $64M | $52M | $53M | 26.5% | 35.9% | -40.5% |
| 2022 | $316M | $78M | $88M | $80M | 49.1% | - | - |
| 2021 | - | - | - |
Income statement, balance sheet, and cash flow as reported
Consolidated Figures in USD Millions.
| Metric | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Total Revenue | - | 315.54 | 428.71 | 425.20 | 501.97 |
| Operating Revenue | - | 303.97 | 406.77 | 402.62 | 478.45 |
| Cost Of Revenue | - | 160.76 | 282.50 | 286.72 | 377.29 |
| Gross Profit | - | 154.78 | 146.21 | 138.48 | 124.68 |
| Operating Expense | - | 74.96 | 91.11 | 93.40 | 95.33 |
| Selling General And Administration | - | 74.96 | 91.11 | 93.40 | 95.33 |
| Total Expenses | - | 235.72 | 373.61 | 380.12 | 472.61 |
| Operating Income | - | 79.82 | 55.10 | 45.09 | 29.36 |
| Total Operating Income As Reported | - | 77.75 | 55.10 | 44.90 | 27.72 |
| EBITDA | - | 78.04 | 63.76 | 54.83 | 37.82 |
| Normalized EBITDA | - | 80.52 | 60.64 | 53.04 | 38.08 |
| EBIT | - | 77.65 | 63.30 | 53.94 | 36.81 |
| Interest Income | - | 0.84 | 5.08 | 7.07 | 7.72 |
| Interest Expense | - | 0.13 | 0.10 | 0.46 | 0.67 |
| Net Interest Income | - | 0.71 | 4.98 | 6.61 | 7.04 |
| Other Non Operating Income Expenses | 0.71 | -0.52 | 2.64 | 1.62 | - |
| Other Income Expense | - | -3 | 3.12 | 1.79 | -0.26 |
| Interest Income Non Operating | - | 0.84 | 5.08 | 7.07 | 7.72 |
| Interest Expense Non Operating | - | 0.13 | 0.10 | 0.46 | 0.67 |
| Net Non Operating Interest Income Expense | - | 0.71 | 4.98 | 6.61 | 7.04 |
| Pretax Income | - | 77.52 | 63.20 | 53.48 | 36.14 |
| Tax Provision | - | 21.04 | 16.62 | 15.36 | 8.26 |
| Tax Rate For Calcs | - | 0 | 0 | 0 | 0 |
| Tax Effect Of Unusual Items | - | -0.67 | 0.82 | 0.51 | -0.06 |
| Net Income Continuous Operations | - | 56.49 | 46.57 | 38.12 | 27.88 |
| Net Income From Continuing And Discontinued Operation | - | 87.80 | 52.24 | 35.51 | 24.01 |
| Net Income From Continuing Operation Net Minority Interest | - | 57.36 | 45.83 | 38.42 | 28.17 |
| Net Income | - | 87.80 | 52.24 | 35.51 | 24.01 |
| Net Income Common Stockholders | - | 85.87 | 51.91 | 35.51 | 24.01 |
| Net Income Including Noncontrolling Interests | - | 86.93 | 52.98 | 35.22 | 23.72 |
| Normalized Income | - | 59.17 | 43.53 | 37.14 | 28.37 |
| Diluted NI Availto Com Stockholders | - | 85.87 | 51.91 | 35.51 | 24.01 |
| Basic Average Shares | - | 25.63 | 25.55 | 26.76 | 26.28 |
| Diluted Average Shares | - | 26.37 | 26.06 | 27.16 | 26.54 |
| Reconciled Depreciation | - | 0.38 | 0.46 | 0.88 | 1 |
| Reconciled Cost Of Revenue | - | 160.76 | 282.50 | 286.72 | 377.29 |
| Total Unusual Items | - | -2.48 | 3.12 | 1.79 | -0.26 |
| Total Unusual Items Excluding Goodwill | - | -2.48 | 3.12 | 1.79 | -0.26 |
| Preferred Stock Dividends | 1.68 | 1.94 | 0.33 | - | - |
| Minority Interests | - | 0.87 | -0.74 | 0.29 | 0.29 |
| Net Income Discontinuous Operations | - | 30.44 | 6.41 | -2.91 | -4.16 |
| Special Income Charges | - | -2.07 | 0 | -0.18 | -1.64 |
| Gain On Sale Of Business | 4.23 | 0 | - | - | - |
| Write Off | - | 2.07 | 0 | 0.18 | 1.64 |
| Impairment Of Capital Assets | 0 | - | - | - | - |
| Gain On Sale Of Security | - | -0.42 | 3.12 | 1.97 | 1.38 |
| Other Operating Expenses | - | - | 45.09 | 33.61 | - |
Utilities sector peers, ranked by market cap
| Company | Ticker | Market Cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|---|
| Genie Energy Ltd.this co. | GNE | $365M | 15.20↓ discount | 1.45 | 9.6% | 4.50 |
| Consolidated Water Co. Ltd. | CWCO | $481M | 26.23 | 2.17 | 8.3% | 12.42 |
| The York Water Company | YORW | $480M | 23.92 | 2.00 | 8.3% | 16.28 |
| OPAL Fuels Inc. | OPAL | $404M | 27.36 | -31.22 | -114.1% | 21.25 |
| Cadiz Inc. | CDZI | $383M | -11.23 |
| - |
| - |
| - |
| - |
| 16.49 |
| -146.9% |
| -20.46 |
| Pure Cycle Corporation | PCYO | $249M | 18.97 | 1.74 | 9.2% | 11.57 |
| RGC Resources, Inc. | RGCO | $233M | 17.55 | 2.05 | 11.7% | 10.73 |
| Global Water Resources, Inc. | GWRS | $210M | 71.03 | 2.43 | 3.4% | 13.81 |
| XCF Global, Inc. | SAFX | $146M | 1.98 | 3.89 | 196.5% | 3.23 |
| Peer Median | - | 21.45 | 2.11 | 8.3% | 11.99 | |