Genie Energy Receives NYSE Noncompliance Notice Over Delayed 10-K Filing

NEWARK, NJ — April 7, 2026: Genie Energy Ltd. (NYSE: GNE), a leading retail and renewable energy solutions provider, has disclosed that it received a notice of noncompliance from the New York Stock Exchange (NYSE) due to a delay in filing its Annual Report on Form 10-K for the fiscal year ended December 31, 2025. This development is significant for investors and could have a material impact on the company’s share price.

Key Points from the Report

• Delayed 10-K Filing: Genie Energy did not file its 2025 Annual Report on Form 10-K on time and failed to meet the extended deadline provided under SEC Rule 12b-25.
• Reason for Delay: The company cited the need to restate its audited financial statements for the fiscal years ended December 31, 2024 and 2023 as the primary cause for the delay. The restated statements will be included in the comprehensive Form 10-K filing for 2025.
• NYSE Noncompliance Notice: On April 1, 2026, NYSE formally notified Genie Energy that it is not in compliance with Section 802.01E of the NYSE Listed Company Manual, which requires timely filing of required SEC documents.
• Potential Timeline for Compliance: Genie Energy states it is working diligently to complete and file the comprehensive Form 10-K as soon as practicable. The company expects to file within the six-month period allowed by NYSE listing standards, which would restore compliance. However, if the company fails to meet this timeline, NYSE may grant, at its discretion, an additional extension of up to six months, or may initiate delisting proceedings if deemed warranted.
• No Immediate Effect on Trading: The NYSE Notice does not immediately affect the listing of Genie Energy’s Class B common stock on the NYSE. Trading will continue as usual for now.
• Preliminary Financials Previously Released: On March 19, 2026, the company released select, preliminary estimated unaudited financial metrics for Q4 and the full year 2025, but comprehensive and audited results remain unavailable pending the restatement process.

Important Information for Shareholders

• Restatement Risk: The necessity to restate financial statements for two prior years is a potentially serious issue. Restatements often signal internal reporting or accounting issues and may erode investor confidence.
• Stock Price Sensitivity: Any threat to NYSE listing status—even if not immediate—can lead to increased volatility and downward pressure on share price, especially if the restatement uncovers additional problems or if the filing is further delayed.
• Regulatory and Legal Risks: Delays and restatements can attract regulatory scrutiny and may open the company to legal actions from shareholders or other stakeholders.
• Forward-looking Uncertainty: The company’s press release contains forward-looking statements about timing and compliance. Actual outcomes could diverge significantly, depending on the complexity of the restatement and NYSE’s decisions.
• Continued Disclosure: Genie Energy has stated it will keep investors updated as material developments occur. Investors should monitor for the eventual filing of the 10-K and any updates regarding compliance restoration or further regulatory action.

About Genie Energy Ltd.

Genie Energy Ltd. (NYSE: GNE) is a retail energy and renewable energy solutions provider. The Genie Retail Energy division supplies electricity (including from renewable sources) and natural gas to U.S. residential and small business customers. The Genie Renewables division focuses on community and utility-scale solar energy solutions. For more information, visit Genie.com.

Contact

Genie Energy Ltd. Investor Relations
Avi Goldin, Chief Financial Officer
Email: [email protected]

Disclaimer

Disclaimer: This article is for informational purposes only and does not constitute investment advice. The information is based on publicly available filings and press releases as of the date indicated. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially. Investors should conduct their own due diligence and consult a qualified financial advisor before making any investment decisions.

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