Genie Energy's Mixed Q1 2026 Earnings: Revenue Surge, Profit Drop

Genie Energys Q1 2026 earnings show a mixed bag: record revenue of $142M, up 4% from last year, but weak margins and heavy spending on customer growth dragged down profits. Theyre cutting full-year adjusted EBITDA guidance to $32.5M-$40M, down from $40M-$50M. GREs retail energy arm added 84K new customers, but extreme cold in the first two months hurt margins. GREWs growth unit saw losses widen due to solar inventory write-downs and new ventures, but revenue jumped 74% to $7.5M. Genie Energy is optimistic about Roded, their plastics recycling play, and expects retail margins to rebound under normal weather. With nearly $200M in cash and a beefed-up customer book, theyre poised for stronger results through 2026 and beyond. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/81a48a7a4701bf6a