Genie Energy Ltd. Class B (GNE)

In April 2026, Genie Energy received a notice from the NYSE for non-compliance due to a delay in filing its annual 10-K report. In March 2026, the company announced preliminary financial results for 2025 and warned that its previously issued financial statements for 2023 and 2024 should not be relied upon and would be restated due to accounting errors. In February 2026, Genie Energy declared a cash dividend of $0.075 per share for the fourth quarter of 2025. In November 2025, Genie Energy announced its third-quarter 2025 results, reporting record revenue but noted that gross profit and margins fell sharply.

Demand for Genie Energy Ltd.'s retail energy products and services exhibits seasonality, with natural gas revenues tending to be highest in the first quarter and electricity consumption typically seeing relatively high levels in the third quarter. The retail energy business is also influenced by volatility in energy markets and challenging market conditions.

Genie Energy Ltd. is a diversified energy holding company operating through Genie Retail Energy and Genie Renewables. Genie Retail Energy provides electricity and natural gas to residential and small commercial customers in deregulated markets across several U.S. states and Scandinavia, while Genie Renewables includes Genie Solar Energy, CityCom Solar, Prism Solar Technologies, and Diversegy LLC. Historically, Genie Energy also had an exploration arm, Genie Energy E&P.

Genie Energy Ltd. has a geographic footprint that spans both domestic and international markets, including states such as New York, Texas, Pennsylvania, and New Jersey, as well as the broader Eastern and Midwestern regions. Internationally, Genie Retail Energy International operates in the United Kingdom and Scandinavia. The company's historical exploration activities included projects in Israel's Shefela basin, Jordan's oil shale formations, and select opportunities in North America. The company is headquartered in Newark, New Jersey.

The most significant event impacting Genie Energy Ltd.'s brand reputation in the past year is the announcement in March 2026 that its financial statements for 2023 and 2024, as well as interim quarterly results for 2024–2025, will need to be restated, which could undermine investor trust and raise concerns about the company's financial governance and reporting accuracy.

Genie Energy Ltd. has a diverse ownership structure, with institutions holding approximately 39.48% of shares outstanding. Major institutional shareholders include BlackRock, Inc., Vanguard Group Inc, Dimensional Fund Advisors Lp, J. Goldman & Co LP, State Street Corp, Renaissance Technologies Llc, Geode Capital Management, Llc, Jacobs Levy Equity Management, Inc, Arrowstreet Capital, Limited Partnership, and Kahn Brothers Group Inc /de/. Individuals and insiders collectively hold about 22.17% of the shares outstanding.