v3.26.1
Condensed Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Revenues:        
Revenues $ 100,399 $ 105,251 $ 242,711 $ 242,058
Cost of revenues 66,726 81,771 179,217 181,215
Gross profit 33,673 23,480 63,494 60,843
Operating expenses:        
Selling, general and administrative 27,148 21,177 55,097 45,064
Impairment of assets 0 35 0 35
Income from operations 6,525 2,268 8,397 15,744
Interest income 1,511 1,998 3,162 3,979
Interest expense (121) (156) (245) (345)
Other income, net 3,761 54 4,471 216
Income before income taxes 11,676 4,164 15,785 19,594
Provision for income taxes (239) (1,822) (1,824) (7,034)
Net income from continuing operations 11,437 2,342 13,961 12,560
Income (loss) from discontinued operations, net of taxes 3 47 (8) (57)
Net income (loss) 11,440 2,389 13,953 12,503
Net income (loss) attributable to noncontrolling interests, net 65 45 (200) (284)
Net income attributable to Genie Energy Ltd. common stockholders 11,375 2,344 14,153 12,787
Net income (loss) attributable to Genie Energy Ltd. common stockholders        
Continuing operations 11,372 2,297 14,161 12,844
Discontinued operations 3 47 (8) (57)
Net income attributable to Genie Energy Ltd. common stockholders $ 11,375 $ 2,344 $ 14,153 $ 12,787
Basic:        
Continuing operations (in dollars per share) $ 0.44 $ 0.09 $ 0.54 $ 0.49
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per share attributable to Genie Energy Ltd. common stockholders (in dollars per share) 0.44 0.09 0.54 0.49
Diluted        
Continuing operations (in dollars per share) 0.43 0.09 0.54 0.48
Discontinued operations (in dollars per share) 0 0 0 0
Earnings per share attributable to Genie Energy Ltd. common stockholders (in dollars per share) $ 0.43 $ 0.09 $ 0.54 $ 0.48
Weighted-average number of shares used in calculation of earnings per share:        
Basic (in shares) 26,069 26,173 26,060 26,287
Diluted (in shares) 26,152 26,516 26,171 26,631
Dividends on common stock declared (in dollars per share) $ 0.075 $ 0.075 $ 0.15 $ 0.15
Electricity [Member]        
Revenues:        
Revenues $ 83,550 $ 89,885 $ 182,962 $ 193,948
Oil and Gas [Member]        
Revenues:        
Revenues 10,581 9,107 45,932 37,516
Product and Service, Other [Member]        
Revenues:        
Revenues $ 6,268 $ 6,259 $ 13,817 $ 10,594