Genie Energy Lowers Full-Year EBITDA Outlook Amid Q1 Challenges
Genie Energy (NYSE:GNE) reduced its full-year 2026 adjusted EBITDA outlook to $32.5 million-$40 million from a previous range of $40 million-$50 million due to weaker retail energy margins, higher acquisition costs, and growth investments in Q1. Revenue increased by 4% year-over-year to $142 million, but gross profit fell 20%, with the company citing severe winter weather as a key factor impacting power and gas costs.
Tickers: $GNE
Topics: adjusted_ebitda_outlook_cut customer_acquisition retail_energy_margins revenue