Genie Energy Ltd (NYSE: GNE) is a retail energy company that supplies electricity and natural gas to residential and small commercial customers in deregulated energy markets. Revenue is generated on a transactional basis: customers are billed for metered consumption of electricity and natural gas delivered through local utility infrastructure, with rates that are either variable or fixed. GNE operates primarily through its Genie Retail Energy (GRE) segment, which participates in purchase-of-receivables programs with utility companies, with 86.6% of GRE's net accounts receivable under such programs as of December 31, 2025. Beyond retail supply, GNE operates Genie Solar, which holds a 9.4 MW operating solar portfolio in Ohio and Michigan plus 6 MW of operational community solar in New York as of the 10-K filed May 1, 2026. Additional subsidiaries include Diversegy, an energy procurement advisor to commercial and municipal customers, and CityCom Solar, a customer acquisition platform for community solar. The company pays a quarterly dividend, most recently $0.075 per share paid February 26, 2025.

Revenue model

Transactional billing for metered electricity and natural gas consumption at variable or fixed retail rates in deregulated markets; solar project operations and community solar subscriptions; energy procurement advisory fees through Diversegy; customer acquisition services through CityCom Solar.

Products and services

Retail electricity supply; retail natural gas supply; community solar subscriptions; small utility-scale solar project development, construction, and operations (9.4 MW operating in Ohio and Michigan, 6 MW community solar in New York as of 10-K filed 2026-05-01); solar panel sales through Prism (60% owned); energy procurement advisory services (Diversegy); customer acquisition solutions for community solar (CityCom Solar).

Customers and end markets

Residential and small commercial electricity and natural gas customers in deregulated U.S. states; industrial, commercial, and municipal customers for energy procurement advisory services (Diversegy); community solar subscribers. Certain utility companies represent significant concentrations of consolidated revenue under purchase-of-receivables programs (FY2025).

Value-chain role

Retail energy provider sitting between wholesale energy suppliers and end consumers; purchases wholesale electricity and natural gas from BP Energy Company under a Preferred Supplier Agreement through November 30, 2026, then resells to retail customers through local utility distribution infrastructure. Also acts as solar project developer and operator, and as intermediary energy procurement advisor through Diversegy.

Geographic exposure

Deregulated electricity and natural gas markets in the United States; solar projects operating in Ohio, Michigan, and New York as of 10-K filed 2026-05-01.

Source: SEC 10-K, filed 2026-05-01

Industry: Electric & Other Services Combined Peers: ALLETE INC Nextera Energy Inc TXNM Energy Inc MGE Energy Inc Otter Tail Corp /entities/viasp