Overview

* Genie Energy ( GNE ) Q3 revenue grows 23.6% yr/yr, beating analyst expectations

* Adjusted EBITDA for Q3 decreased due to rising commodity costs

* Company repurchased 124,000 shares for $2 mln during Q3

Outlook

* Genie Energy ( GNE ) expects 2025 Adjusted EBITDA at the low end of $40 mln to $50 mln range

* Company anticipates GRE margin improvement in Q4 and into 2026

* Genie Renewables expects Lansing solar project to generate revenue in Q4

Result Drivers

* ELECTRICITY CONSUMPTION - Increased per meter electricity consumption contributed to revenue growth

* COMMODITY PRICES - Rising commodity prices supported revenue but pressured margins

* RCE BASE GROWTH - GRE's RCE base grew 4.2% yr/yr, contributing to revenue increase

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q3 Beat $138.30 $131 mln

Revenue mln (1

Analyst)

Q3 EPS $0.26

Q3 $8.19

Adjusted mln

EBITDA

Q3 Gross 21.70%

Margin

Q3 $6.90

Income mln

from

Operatio

ns

Q3 Net $6.70

Income mln

from

Cont Ops

Q3 5%

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 $18.00, about 16.4% above its October 31 closing price of $15.05

* The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 11 three months ago

Press Release:

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(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.)