NYSE$GNE
Genie Energy Ltd · Q1 2023 earnings
Q1 2023 earnings · · Investor relations
Briefing
Delivered strong bottom line results and efficiently expanded retail customer portfolio.
Genie Energy reported a strong first quarter with excellent bottom line results and robust growth in the customer book. Genie Retail Energy benefited from reduced energy market price volatility and achieved significant year-over-year RCE growth. Genie Renewables continued to invest in growth opportunities and broke ground on its first community solar generation project.
- Genie Energy had a very strong first quarter.
- Genie Retail Energy was well-positioned to benefit from the reduction in energy market price volatility.
- Genie Retail Energy achieved significant year-over-year RCE growth of 36%.
- Genie Renewables continued to invest in promising growth opportunities.
Headline financials
Revenue & EPS history
Genie Energy · Revenue · Quarterly
$105M
Revenue by segment
Genie Energy · $142M total across 2 segments · Q1 2026
- Genie Retail Energy$135M—94.7%
- Genie Renewables$7.55M—5.3%
Forward guidance
Genie Energy expects to generate solid meter growth and sees attractive opportunities to add to its retail customer base. At Genie Solar, the company expects to complete construction on a few operating projects in 2023 while achieving key pre-construction milestones on several others.
Tailwinds
- Continue to see attractive opportunities to add to our retail customer base entering the second quarter
- Expect to generate solid meter growth
- Aggressively move into growth mode once market volatility subsided
- Expect to complete construction on a few operating projects in 2023
- Achieving key pre-construction milestones on several others.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q1 2023
+0.4%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+5.9%
Avg return
30 days after
56%
35 / 62 earnings
Positive
+17.1%
Q1 2016
Best reaction
-36.6%
Q2 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +2.8% | +3.8% | +8.5% | |
| Q4 2025 | -0.9% | +0.6% | +0.9% | |
| Q3 2025 | +2.2% | +1.3% | -3.9% | |
| Q2 2025 | -19.3% | -19.8% | -24.2% | |
| Q1 2025 | +3.4% | +8.6% | +48.5% | |
| Q4 2024 | -4.3% | -4.4% | +1.7% | |
| Q3 2024 | +8.3% | +5.4% | -7.5% | |
| Q2 2024 | +1.0% | +4.1% | +9.4% | |
| Q1 2024 | -3.5% | -3.3% | -7.2% | |
| Q4 2023 | -16.0% | -13.5% | -20.6% | |
| Q3 2023 | +5.4% | +19.6% | +24.1% | |
| Q2 2023 | +8.9% | +12.4% | +9.7% | |
| Q1 2023 | -7.6% | +3.6% | -7.4% | |
| Q4 2022 | -17.4% | -8.7% | +39.1% | |
| Q3 2022 | -11.6% | -18.7% | -2.6% | |
| Q2 2022 | +13.0% | +13.2% | +6.1% | |
| Q1 2022 | -1.1% | +17.8% | +38.4% | |
| Q4 2021 | +9.5% | +13.0% | +10.9% | |
| Q3 2021 | +11.1% | +7.8% | +3.6% | |
| Q2 2021 | +1.5% | +0.7% | +11.4% | |
| Q1 2021 | +1.6% | +7.1% | +8.0% | |
| Q4 2020 | -5.5% | -6.3% | -15.6% | |
| Q3 2020 | +5.6% | +7.7% | -4.7% | |
| Q2 2020 | +7.7% | +8.1% | +2.1% | |
| Q1 2020 | +8.9% | +8.6% | +16.6% | |
| Q4 2019 | +0.3% | +12.4% | +35.5% | |
| Q3 2019 | +15.7% | +19.8% | +22.3% | |
| Q2 2019 | -36.6% | -31.2% | -32.4% | |
| Q1 2019 | +4.0% | +11.5% | +9.6% | |
| Q4 2018 | -4.0% | -3.0% | -2.5% | |
| Q3 2018 | +13.0% | +25.2% | +29.9% | |
| Q2 2018 | -0.6% | +0.4% | +0.7% | |
| Q1 2018 | +13.7% | +8.9% | +19.5% | |
| Q4 2017 | +6.4% | +6.4% | -14.9% | |
| Q3 2017 | +4.9% | +5.3% | -18.4% | |
| Q2 2017 | -4.9% | -5.5% | -8.3% | |
| Q1 2017 | -4.4% | +1.7% | +5.3% | |
| Q4 2016 | +11.3% | +10.0% | +34.5% | |
| Q3 2016 | -0.6% | -1.0% | +8.8% | |
| Q2 2016 | +6.8% | +12.1% | -1.0% | |
| Q1 2016 | +17.1% | — | — | |
| Q4 2015 | -10.6% | — | — | |
| Q3 2015 | +9.0% | — | — | |
| Q2 2015 | -9.1% | — | — | |
| Q1 2015 | +10.4% | — | — | |
| Q4 2014 | -2.4% | — | — | |
| Q3 2014 | -5.3% | — | — | |
| Q2 2014 | +5.6% | — | — | |
| Q1 2014 | +3.2% | — | — | |
| Q4 2013 | -8.9% | — | — | |
| Q3 2013 | -3.5% | — | — | |
| Q2 2013 | -6.8% | — | — | |
| Q1 2013 | -16.8% | — | — | |
| Q2 2012 | +4.4% | — | — | |
| Q2 2011 | +4.4% | — | — | |
| Q4 2010 | +4.4% | — | — | |
| Q4 2012 | -0.6% | — | — | |
| Q3 2012 | -2.7% | — | — | |
| Q3 2011 | -1.1% | — | — | |
| Q1 2012 | +1.4% | — | — | |
| Q1 2011 | +2.1% | — | — | |
| Q4 2011 | +2.1% | — | — |
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