Overview

* Genie Energy ( GNE ) Q2 revenue rises 16% yr/yr to $105.3 mln

* Adjusted EBITDA falls sharply to $3 mln from $12 mln

* Co repurchased 159,000 shares, paid regular quarterly dividend

Outlook

* Genie expects 2025 Adjusted EBITDA between $40 mln and $50 mln

* Company anticipates growth at Genie Renewables driven by Diversegy and Genie Solar

* Genie pauses new solar projects due to tax credit phase-out

* Company assumes normalized retail margin environment for remainder of 2025

Result Drivers

* CUSTOMER BASE EXPANSION - GRE expanded its customer base, leading to increased consumption and revenue growth

* WHOLESALE PRICE IMPACT - GRE's margins were compressed due to increased wholesale power prices and high consumption from hot weather

* SOLAR PROJECT CHALLENGES - GREW paused new solar project developments due to changes in federal tax credits

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $105.30

Revenue mln

Q2 EPS $0.11

Q2 $3 mln

Adjusted

EBITDA

Q2 Gross 22.3%

Margin

Q2 $2 mln

Income

from

Operatio

ns

Q2 Net $2.80

Income mln

from

Cont Ops

Q2 1.9%

Operatin

g Margin

Analyst Coverage

* The one available analyst rating on the shares is "buy"

* The average consensus recommendation for the electric utilities peer group is "buy"

* Wall Street's median 12-month price target for Genie Energy Ltd ( GNE ) is $23.40, about 14.8% above its August 6 closing price of $19.94

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)