$GNE

Genie Energy (NYSE:GNE) reported Q2 updates on its retail energy unit. Electricity sales fell 7% to $83.6M, with kilowatt-hours down 17% and revenue per kWh up 12%. Natural gas revenue fell 16.2% to $10.6M. Customer equivalents declined to 345,000. Cash was $204.3M; net debt $6.8M. The company repurchased ~47,000 Class B shares for $659k and paid a $2M dividend.

Genie Energy Ltd. reported Q2 2026 results on an earnings call, citing improved bottom-line performance at Genie Retail Energy as wholesale markets normalized. It said GRE revenue fell 5% due to expiring low-margin aggregation deals and shifted customer acquisition to higher-cost, higher-LTV channels. Diversegy growth and Roded recycling expansion in Israel and New York are expected to support profitability, with guidance maintained.

Genie Energy Ltd. (GNE) filed an SEC Form 8-K — Results of Operations and Financial Condition. EX-99.1 2 ex_968304.htm EXHIBIT 99.1 ex_968304.htm Exhibit 99.1 Genie Energy Announces Second Quarter 2026 Results NEWARK, NJ – August 6, 2026 : Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the second

NZX50 was little changed at 3:00 pm, up 1.4% over five days and 7.3% over one year. Kathmandu Brands (KMD) led gainers (+3%), while Serko (SKO) led decliners (-2%). Smartshares ETFs were mixed. Ryman Healthcare (RYM) reported 30% Scope 1 and 2 emissions reduction, and Genesis Energy (GNE) set its 2026 AGM for 20 Oct.

The NZX 50 was down slightly (about -0.1%) at 3:00 pm, but up over 5 days (+1.0%), 1 month (+2.4%), 6 months (+2.3%) and 1 year (+7.5%). Tourism Holdings led gainers (+2%) and reported FY26 underlying NPAT guidance around $46m. Key announcements included Spark COO appointment and Mercury’s US$30m Datagrid NZ stake.

The NZX 50 fell 0.3% to 13,656.03 after Statistics NZ reported June-quarter CPI inflation accelerated to 4.1% year-on-year, above the Reserve Bank’s 3.9% forecast, keeping rate-hike expectations and oil-price focus. Brent crude eased to US$88.50. Decliners included Fisher & Paykel Healthcare, Auckland Airport, Port of Tauranga and Ebos. AFT Pharmaceuticals rose on tentative US FDA approval for Scomara cream.

The NZX 50 fell for a fourth session, down 0.1% to 13,615.16, as weaker Asia sentiment weighed on tech and data centre stocks after ASML said it plans to raise prices. In New Zealand, Meridian slid on lower forward wholesale prices, while Sanford rose after Forsyth Barr upgraded to outperform and set a $9.50 target. Turnover was $98.7m.

Genesis Energy lost 35,015 net power customers in the 12 months to June, according to Electricity Authority switching figures reported by RNZ. The decline is linked to Genesis retiring its budget brand Frank Energy and moving Frank customers to the main brand. Other retailers also lost customers, while Contact, Electric Kiwi and Meridian gained. About 458,000 customers switched overall.

Electricity Authority switching data for the year to June shows Genesis Energy lost a net 35,015 customers, the largest decline. Nova lost 9,059, Manawa 3,329, and Mercury 2,706. Contact gained 20,577, Electric Kiwi 11,590, and Meridian 10,288, though Meridian’s gross gains were offset by a 93,919 net loss. Genesis attributed the shift to consolidating retail brands after phasing out Frank Energy.

Z Energy CEO Lindis Jones told RNZ his team followed government instructions when handing a climate-law briefing note to a former Beehive staffer. Z Energy, Fonterra and Genesis Energy submitted an economist report saying immediate cessation remedies could cut NZ GDP by $21.9b over five years. The Climate Change Response (Tort Liability) Amendment Bill aims to stop a Supreme Court climate case.