Operator
Good morning, and welcome to the Genie Energy Limited’s Third Quarter 2025 Earnings Call. In today’s presentation, Genie Energy management will discuss Genie’s financial and operational results for the 3 months ended September 30, 2025. During prepared remarks by Genie Energy’s Chief Executive Officer, Michael Stein; and Chief Financial Officer, Avi Goldin [Operator Instructions]. After Avi Goldin’s remarks, Michael and Avi will take questions from investors.
Any forward-looking statements made during this conference call, either in the prepared remarks or in the Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to, the specific risks and uncertainties discussed in the reports that Genie Energy files periodically with the SEC.
Genie Energy assumes no obligation either to update any forward-looking statement that may have been made or may make or to update the factors that may cause actual results to differ materially from those that they forecast. In their presentation or in the Q&A session, Genie Energy’s management may refer to non-GAAP measures, including adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share.
A schedule provided in the Genie Energy earnings release reconciles adjusted EBITDA, non-GAAP net income and non-GAAP earnings per share to the nearest corresponding GAAP measures. Please note that the Genie Energy earnings release is available on the Investor Relations page of the Genie website. The earnings release has also been filed on Form 8-K with the SEC.
I will now turn the conference over to Mr. Michael Stein. Sir, the floor








