Genie Energy FY25 net income drops 32.4% to $24.01 million; revenue rises to $501.97 million

Genie Energy Ltd. Class B

Genie Energy Ltd. Class B

GNE

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  • Genie Energy posted 2025 net income attributable to shareholders of $24.01 million, down 32.4%.
  • Revenue rose to $478.45 million, up 18.6%.
  • Operating income fell to $27.72 million, down 38.3%.
  • Gross margin narrowed 8 percentage points to 24.8%, as higher unit electricity and natural gas costs outpaced customer rate increases.
  • Solar business took $1.64 million of impairment charges after the One Big Beautiful Bill Act accelerated expiration of the federal solar investment tax credit for projects going online after Dec. 31, 2027.


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