GNE

Genie Energy

Utilities · fiscal year ending 2025-12-31

Through the investors’ lenses

3 of 4 cleared8 of 9 criteria

Each of these investors has said in public what they look at before buying. Click a name to see how this company measures up — a tick where it passes one of their tests, a cross where it does not.

Warren Buffett 3/3

Measure	GNE	Checked against
Owner earnings	—	positive	—
Return on equity	9.6%	US median 2.8%	✓
Debt to equity	0.03x	US median 0.57x	✓
Operating margin	5.5%	US median 3.1%	✓

Passes 3 of 3. These are the measures Warren Buffett published, applied to Genie Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Benjamin Graham 2/3

Measure	GNE	Checked against
Current ratio	2.38x	2.00x published	✓
Long-term debt to working capital	0.03x	1.00x published	✓
Positive earnings, ten years running	8 yrs	10 published	✗

Passes 2 of 3. These are the measures Benjamin Graham published, applied to Genie Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Joel Greenblatt 1/1

Measure	GNE	Checked against
Return on capital employed	10.7%	US median 5.1%	✓

Passes 1 of 1. These are the measures Joel Greenblatt published, applied to Genie Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Peter Lynch 2/2

Measure	GNE	Checked against
Debt to equity	0.03x	US median 0.57x	✓
Net margin	4.8%	US median 2.0%	✓

Passes 2 of 2. These are the measures Peter Lynch published, applied to Genie Energy’s own figures — their criteria, not their view of this company. What he looks at, and why →

Basis	Payout	Why
GAAP earnings	33.3%	why The dividend is set against the allowed return on the rate base.
Operating cash flow	17.3%	why Before the capital programme the regulator expects.

No free cash flow figure is shown. This company does not report the inputs for it in its XBRL filings — capital expenditure, in particular, is often folded into a single investing total rather than tagged on its own. The figure is absent from the filings, not zero, and inventing one from a balance-sheet movement would be a guess dressed as a measurement.

16 points between highest and lowest basis.

Coverage rating 49 / 100 — Tight. ? Peer standing 45/50Direction 4/30Stability 0/20

Against its own history: 33.3% this year vs 15.1% median over the prior 5. A gap this size is usually a one-off — acquisition, settlement, cyclical trough — not a dividend that stopped being funded. The rating reads the latest year; the table shows the trend.

GAAP earnings payout, last 6 years

Fiscal year	Payout
2025-12-31	33.3%
2024-12-31	22.9%
2023-12-31	15.1%
2022-12-31	9.2%
2021-12-31	5.4%
2020-12-31	75.0%

Coverage has deteriorated three years running, 9.2% to 33.3%. Still covered, but moving the wrong way.

89% of the 57 utilities here pay out more — comfortable for the sector.

The arithmetic

GAAP earnings — dividends declared per share $0.300 ÷ diluted EPS $0.900
Operating cash flow — dividends paid $8.02m ÷ operating cash flow $46.3m

Where the figures came from

10-K filed 2026-05-01 · accession 0001437749-26-014294

Every one is public at sec.gov and free to check. That is the point — you should not have to take our word for any of it.

Computed by an open pipeline reading SEC XBRL directly. If any number here looks wrong to you, tell us — that is more useful to us than agreement.

What the GAAP earnings payout ratio measures, and where every company here sits on it.

Also on: rated tight · when it files.

Who else looks like this

Every figure above is computed from Genie Energy’s own filing, and every company here is measured the same way. Screen all of them on any of these twelve measures, or on the rules four investors published — free, and nothing you screen leaves your browser.

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