NYSE$GNE
Genie Energy Ltd · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record third quarter gross profit, net income and Adjusted EBITDA.
Genie Energy reported record third quarter profit metrics driven by strength in Genie Retail Energy (GRE). GRE continued to outperform in a volatile energy price environment. Genie Renewables (GREW) also made excellent progress in our solar business, acquiring site rights to 64MW of solar projects.
- Reported record third quarter profit metrics driven by strength in Genie Retail Energy (GRE).
- GRE continued to outperform in a volatile energy price environment.
- Genie Renewables (GREW) acquired site rights to 64MW of solar projects and advancing them through their permitting processes.
- Exited remaining international retail operations and no longer serve customers in Scandanavia.
Headline financials
Revenue & EPS history
Genie Energy · Revenue · Quarterly
$81.3M
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
Expect energy prices to remain volatile as we head into the Winter months, but we continue to be well-positioned from a risk management position and will return to customer acquisition mode on a market-by-market basis when the risk/reward balance is favorable.
Tailwinds
- Continue to be well-positioned from a risk management position.
- Will return to customer acquisition mode on a market-by-market basis when the risk/reward balance is favorable.
- Expect to receive all approvals necessary to begin construction on our first wholly-owned and operated solar generation project this quarter.
- Continue to redeem our preferred stock to enhance our flexibility to invest future cash-flows in value creation initiatives.
- Pursuing additional growth opportunities in our renewables business.
Headwinds
- Expect energy prices to remain volatile as we head into the Winter months.
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 Q3 2022
+0.4%
Avg return
Earnings day
+3.5%
Avg return
5 days after
+5.8%
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% | — | |
| 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 2011 | +4.4% | — | — | |
| Q2 2012 | +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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