Genie Energy (GNE) posted a fourth quarter net loss to stockholders from continuing operations of $12.9 million, or $0.47 per share, compared to a net loss of $25.0 million, or $0.91 per share, a year ago. Non-GAAP net income and non-GAAP EPS was $6.5 million and $0.24 compared to $10.0 million and $0.37, respectively, last year. Adjusted EBITDA decreased 2.8% to $11.1 million. Revenue decreased 1.9% to $102.9 million.
"We are excited about the growth prospects in 2025 across our businesses. For the full year, we maintain our annual consolidated Adjusted EBITDA guidance at $40 to $50 million. We also expect to continue to build our cash reserves and opportunistically buy back our stock while paying our current dividend," Michael Stein, CEO, stated.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.