Welcome to our dedicated page for Genie Energy SEC filings (Ticker: GNE), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The Genie Energy Ltd. (NYSE: GNE) SEC filings page on Stock Titan provides access to the company’s regulatory disclosures as filed with the U.S. Securities and Exchange Commission. As a registrant with Class B common stock listed on the New York Stock Exchange, Genie Energy submits periodic and current reports that describe its financial condition, segment performance, and material corporate events.
Recent Form 8-K filings report quarterly financial results under Item 2.02, including revenue, gross profit, income from operations, Adjusted EBITDA, and non-GAAP net income attributable to common stockholders. These filings also incorporate press releases as exhibits, which detail the performance of the Genie Retail Energy (GRE) and Genie Renewables (GREW) divisions, operational metrics such as retail customer equivalents (RCEs) and meters, and commentary on factors affecting margins and segment results.
Other 8-K filings address matters such as a change in the company’s independent registered public accounting firm under Item 4.01, outlining the dismissal of one firm and the appointment of another, and confirming the absence of reportable disagreements or reportable events as defined in SEC rules. These disclosures provide context on Genie Energy’s audit oversight and financial reporting environment.
Through this page, users can follow Genie Energy’s historical and current filings, including annual and quarterly reports when available, as well as current reports on material events. Stock Titan’s platform associates these filings with AI-powered summaries designed to highlight key points from lengthy documents, helping readers quickly understand segment performance, non-GAAP measures, capital allocation actions, and governance-related disclosures without having to parse every line of the original SEC text.
Genie Energy Ltd. is asking stockholders to approve routine governance items at its 2026 annual meeting, including electing five directors and amending the 2021 Stock Option and Incentive Plan to add 70,000 Class B shares for future equity awards.
The meeting is scheduled for June 10, 2026 at the company’s Newark, New Jersey offices, with April 22, 2026 as the record date. As of that date, 26,400,518 shares were outstanding, split between Class A and Class B, with Class A carrying higher voting power. The proxy also details board independence, committee structures, related-party transactions, and executive pay, including 2025 CEO compensation of $1.37 million and a 25:1 CEO-to-median employee pay ratio.
Genie Energy Ltd. filed its annual report and restated prior financial statements after discovering errors in accounting for a captive insurance liability, which had understated income from operations and net income in 2023 and 2024. The company’s former auditor’s registration was revoked, prompting a re-audit.
Management identified a material weakness in internal control over financial reporting and concluded controls and disclosure procedures were not effective as of December 31, 2025, and is implementing remediation steps. Genie operates two segments: Genie Retail Energy, a major U.S. retail electricity and gas supplier, and Genie Renewables, focused on solar, energy procurement and recycled plastic pallets.
Retail Energy generated most of 2025 revenue, with $478.5 million from electricity and natural gas sales across 19 deregulated states and Washington, D.C. Genie pays quarterly dividends, totaling $8.0 million in 2025, and maintained significant customer and meter counts despite competitive and weather-driven volatility.
Genie Energy Ltd. received a noncompliance notice from the NYSE on April 1, 2026 because it has not yet filed its Form 10-K for the year ended December 31, 2025. The delay is tied to preparing restated audited financial statements for fiscal 2024 and 2023, which will be included in a comprehensive Form 10-K.
The company says it is working diligently to complete and file the report and expects to do so within the six-month period allowed under NYSE continued listing standards, which would restore compliance. The notice does not immediately affect the listing of Genie’s Class B common stock, but the NYSE can begin delisting proceedings or grant up to an additional six-month extension if the filing remains late.
Genie Energy Ltd. is postponing its 2026 Annual Meeting of Stockholders because it is restating prior financial statements, which has delayed filing its annual report and proxy materials. The meeting, originally set for May 12, 2026, is now scheduled for 11:00 a.m. local time on June 3, 2026 at the company’s Newark, New Jersey offices.
The Board also changed the record date for voting. Shareholders of Class A and Class B common stock of record on April 22, 2026, instead of March 16, 2026, will be entitled to receive notice of and vote at the rescheduled meeting.
Genie Energy released select preliminary, unaudited results for 4Q and full-year 2025 while warning that its 2023 and 2024 financial statements, and 2024–2025 quarterly results, should not be relied on and will be restated due to errors in accounting for a captive insurance liability.
Preliminary consolidated revenue rose to $121.6 million in 4Q25 from $102.9 million in 4Q24 and to $502.0 million in 2025 from $425.2 million in 2024. However, consolidated income from operations fell to $4.6 million in 4Q25 from $10.1 million and to $27.7 million in 2025 from $44.9 million, pressured by wider losses at Genie Renewables.
Management said restated 2023 and 2024 statements are expected to significantly increase income from operations, tax provision and net income, and guided to 2026 consolidated Adjusted EBITDA of $40–$50 million. The CEO highlighted strong cash generation, continued investment in growth initiatives, share repurchases and dividends, but noted challenging energy markets and asset write-downs.
Genie Energy Ltd. notified the SEC that it cannot timely file its Annual Report on Form 10-K for the year ended December 31, 2025 because it will restate prior-period financial statements related to accounting for a captive insurance liability.
The Audit Committee concluded the Prior Periods for 2023 and 2024 and certain 2024–2025 quarterly filings "should not be relied upon and require restatement" due to errors in captive insurance accounting. Management's preliminary analysis estimates increases in 2023 Income from Operations, Provision for Income Taxes and Net Income of approximately $45.1 million, $12.4 million and $32.7 million, respectively, and increases in 2024 of approximately $33.6 million, $10.7 million and $22.9 million, respectively. The company states the need for a re-audit after the PCAOB revoked the registration of the prior auditor, and it requires additional time to file a "Comprehensive 10-K."
Genie Energy Ltd. determined that its previously issued financial statements for 2023, 2024 and related 2024–2025 interim periods should not be relied upon and will be restated due to errors in accounting for a captive insurance liability. Management currently estimates the restatement will increase 2023 Income from Operations, Provision for Income Taxes and Net Income by about $45.1 million, $12.4 million and $32.7 million, and increase 2024 Income from Operations, Provision for Income Taxes and Net Income by about $33.6 million, $10.7 million and $22.9 million, respectively. The company identified material weaknesses in internal control over financial reporting and concluded its internal control and disclosure controls were not effective as of December 31, 2025. Genie plans to include the restated 2023 and 2024 audited results and revised interim data in a comprehensive 2025 Form 10‑K and to file a Form 12b‑25 to extend the filing deadline, noting its review and remediation efforts are ongoing and may cause further delays.
Genie Energy Ltd. chief executive officer Michael M. Stein reported a tax-related share withholding tied to restricted stock vesting. On 02/10/2026, 15,015 shares of Class B common stock were disposed of at $14.13 per share to cover tax liabilities upon vesting of restricted stock.
After this transaction, Stein beneficially owned 538,015 Class B shares directly, consisting of 73,398 common shares, 381,284 vested restricted shares, and 83,333 unvested restricted shares scheduled to vest in two equal tranches on August 3, 2026 and August 2, 2027. He also had indirect beneficial ownership of 260,288 shares held by his wife.
Genie Energy Ltd. CFO Avi Goldin reported a tax-related share withholding on Class B common stock. On February 10, 2026, 4,220 shares were disposed of at $14.13 per share under a transaction coded "F," which indicates shares used to satisfy tax obligations upon vesting of restricted stock.
After this withholding, Goldin beneficially owns 92,271 Class B shares directly. This consists of 52,043 shares held outright, 18,828 vested restricted shares, and 21,400 unvested restricted shares, with 10,700 unvested shares scheduled to vest on each of August 3, 2026 and August 2, 2027.
Genie Energy director and 10% owner Howard S. Jonas reported a tax-withholding disposition of 11,114 shares of Class B common stock at $14.13 per share on February 10, 2026. These shares were withheld by the company to cover taxes on vested restricted stock.
After this transaction, he beneficially owned 700,104 Class B shares directly, consisting of 530,709 shares held outright, 119,395 vested restricted shares, and 50,000 unvested restricted shares, with 25,000 scheduled to vest on August 3, 2026 and 25,000 on August 2, 2027. He also reported additional indirect holdings in various trusts, a foundation, and a partnership.