Genie Energy Ltd.
GNE Utilities Utilities Regulated Electric
Genie Energy Ltd.’s revenue for fiscal 2025 (year ended December 2025) was $502.0 million, up 18.1% from fiscal 2024. In the quarter to June 2026, revenue fell 4.61%, EPS grew 300.0%, free cash flow fell 306.9% and total debt fell 24.0%, each against the same quarter a year earlier. Dividend growth for five consecutive years.
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Genie Energy Ltd. (GNE) Altman Z-score
Genie Energy Ltd.'s Altman Z-score for fiscal 2025 is 4.09, in the safe zone (above 2.99).
Altman Z-score, annual
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Annual newest first
| Period | Altman Z-score | Change (points) |
|---|---|---|
| FY2025 | 4.09 | (0.34) |
| FY2024 | 4.43 | (1.10) |
| FY2023 | 5.53 | 1.14 |
| FY2022 | 4.39 | 1.65 |
| FY2021 | 2.75 | (0.47) |
| FY2020 | 3.22 | (0.43) |
| FY2019 | 3.64 | (0.09) |
| FY2018 | 3.73 | 1.15 |
| FY2017 | 2.58 | (0.18) |
| FY2016 | 2.76 | (2.45) |
How fiscal 2025’s score is made up
| Component | This year | Year before | Result | Points |
|---|---|---|---|---|
| Working capital / total assets | 0.48 | — | 0.58 | |
| Retained earnings / total assets | 0.35 | — | 0.49 | |
| EBIT / total assets | 0.07 | — | 0.23 | |
| Market value of equity / total liabilities | 2.50 | — | 1.50 | |
| Sales / total assets | 1.29 | — | 1.29 | |
| Altman Z-score | Safe zone | 4.09 | ||
| Z″ Variant for non-manufacturing and asset-light companies (drops the sales/assets term, uses book equity) | Safe zone | 6.55 | ||
How the Altman Z-score works
Z = 1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets (Altman, 1968). The market value of equity is the close on the last trading day of the fiscal year times weighted basic shares.
Z″ = 6.56 × working capital ÷ total assets + 3.26 × retained earnings ÷ total assets + 6.72 × EBIT ÷ total assets + 1.05 × book equity ÷ total liabilities (Altman, Hartzell and Peck, 1995), the variant for non-manufacturing and asset-light companies.
| Zone | Z | Z″ |
|---|---|---|
| Safe zone | above 2.99 | above 2.60 |
| Grey zone | 1.81–2.99 | 1.10–2.60 |
| Distress zone | below 1.81 | below 1.10 |
Not worked out for banks, insurers and REITs, whose balance sheets the model does not describe, nor when a figure is missing or there is no share price in the week to the fiscal year end.
Altman Z-score against peers
| Company | Altman Z-score |
|---|---|
| GNE Genie Energy Ltd. | 4.1× |
| CEPU Central Puerto S.A. Sponsored ADR compare | 2.7× |
| CIG Comp En De Mn Cemig ADS compare | 1.8× |
| MGEE MGE Energy Inc. compare | 1.7× |
| EDN Empresa Distribuidora Y Comercializadora Norte S.A. (Edenor) compare | 1.0× |
| NWE NorthWestern Corporation compare | 0.9× |
| HE Hawaiian Electric Industries, Inc. compare | 0.6× |
| IMSR Terrestrial Energy Inc. compare | −11.9× |
| NKLR Terra Innovatum Global N.V. compare | — |
What Altman Z-score is
The Altman Z-Score weighs working capital, retained earnings, operating profit, market value and sales against assets and debts to gauge the risk of distress.
1.2 × working capital ÷ total assets + 1.4 × retained earnings ÷ total assets + 3.3 × EBIT ÷ total assets + 0.6 × market value of equity ÷ total liabilities + 1.0 × revenue ÷ total assets