Genie Energy Reports Q1 2025 Earnings with Revenue Growth and Strategic Shifts
Genie Energy (GNE) reported Q1 2025 earnings with consolidated revenue of $136.8 million, up 14.3%, driven by growth in Genie Retail Energy (GRE). The company saw a 40% decline in GREW revenue due to a strategic pivot away from commercial solar projects, while GRE's natural gas revenue increased 26.8%.
Topics: customer growth earnings energy sector financial performance revenue growth