Genie Energy Ltd.
New York Stock ExchangeCapital Structure
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
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in mil. unless spec.- CEO
- Michael Stein
- Full Time Employees
- 152
- Sector
- Utilities
- Industry
- Regulated Electric
- Address
- 520 Broad Street Newark NJ United States of America 07102
- IPO Date
- Oct 26, 2011
- CIK
- 0001528356
- Website
- genie.com
- Similar Companies
- Business
- Genie Energy Ltd. (NYSE: GNE) operates as a leading retail energy and renewable energy solutions provider primarily in deregulated energy markets across the United States. The company functions through two principal segments: Genie Retail Energy (GRE), which resells electricity including green and renewable options, natural gas including carbon offset programs, fixed-rate and variable-rate supply plans to residential and small business customers in the Eastern and Midwestern United States, Texas, and other deregulated markets; and Genie Renewables (GREW), which through subsidiaries including Genie Solar develops, constructs, finances, owns, and operates utility-scale and community solar projects, distributes solar panels, and via Diversegy provides energy procurement, advisory, brokerage services to commercial, industrial, and municipal customers. Incorporated in 2011 and headquartered in Newark, New Jersey, Genie Energy serves approximately 402,000 electricity and natural gas meters as of September 2025, targeting homeowners, small to large businesses, and municipalities with competitive pricing, online account management, energy efficiency solutions, incentives, rebates, and bundled services. In recent developments, Genie Energy grew its residential customer equivalents (RCEs) by 4.2% year-over-year to 396,000 in the third quarter of 2025, driven by a 5.4% increase in electricity RCEs to 318,000, while achieving record quarterly revenue of $138.3 million amid rising commodity prices and higher consumption. The company acquired ten special-purpose entities owning solar system facilities in Ohio and Michigan, plus another in Indiana, to expand its renewables portfolio, and increased its stake in Roded Recycling Industries Ltd. to 51.2% for operational control. Genie Renewables anticipates revenue generation from the Lansing community solar project in Q4 2025 and progressed construction on the Perry, New York array, though it paused new solar development and reevaluated early-stage projects following federal policy changes accelerating the phase-out of investment tax credits under the "One Big Beautiful Bill." Diversegy reported 35% year-over-year revenue growth in Q3 2025, marking three consecutive quarters of expansion in energy advisory services. Genie Energy maintained strong liquidity with $206.6 million in cash, restricted cash, and marketable securities at September 30, 2025, while repurchasing 124,000 Class B shares for $2.0 million and declaring a $0.075 per share quarterly dividend.
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