Loading...
Genie Energy Q1 2025 Earnings Report
Genie Energy reported strong operational and financial results for the first quarter of 2025, with robust increases in revenue, profitability, and cash generation.
Key Takeaways
Genie Energy announced strong first quarter 2025 results, with total revenue increasing 14.3% to $136.8 million and net income attributable to common stockholders rising 30.9% to $10.6 million. Diluted EPS was $0.40, and Adjusted EBITDA increased 22.7% to $14.4 million. The Genie Retail Energy segment saw significant customer base growth and an 18% increase in revenue.
Total revenue increased 14.3% to $136.8 million from $119.7 million in the prior year.
Net income attributable to Genie common stockholders increased 30.9% to $10.6 million, with diluted EPS of $0.40.
Adjusted EBITDA rose 22.7% to $14.4 million from $11.7 million in the prior year.
Cash and cash equivalents, short and long-term restricted cash, and marketable equity securities increased to $210.2 million at March 31, 2025.
Genie Energy
Genie Energy
Genie Energy Revenue by Segment
Revenue by Segment
Genie Retail Energy Revenue
CapyFin.comGenie Renewables Revenue
CapyFin.com Forward Guidance
Genie Renewables is advancing its utility-scale project pipeline, with the Lansing community solar project expected to be completed and EBITDA accretive by Q3 2025.
Positive Outlook
- Lansing community solar project on track for completion as early as Q3 2025.
- Lansing project expected to be EBITDA accretive immediately once online.
- Continued advancement of utility-scale project pipeline.
- Customer base growth in GRE expected to continue.
- Stable pricing environment anticipated for GRE.
Challenges Ahead
- Genie Solar's exit from the commercial-scale projects business has impacted GREW's revenue.
- GREW's loss from operations increased in Q1 2025.
- Potential for fluctuations in impairment charges.
- Non-cash charges from captive insurance liability may continue.
- Market conditions could impact future revenue and profitability.
Revenue & Expenses
Visualization of income flow from segment revenue to net income