Genie Energy Ltd.

Due to the Company ’ s efforts towards completing its Comprehensive 10-K filed with the Securities and Exchange Commission on May 1, 2026 there was not sufficient resources to complete the Company quarterly report on 10-Q (the “ 10-Q ” ) without unreasonable effort and expense. The Company intends to file the 10-Q on or before the fifth calendar day following the prescribed date. SEC 1344 (03-05) Persons who are to respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number

As disclosed on the Company ’ s Current Report on Form 8-K filed on March 12, 2026, on March 9, 2026, the Audit Committee of the Board of Directors of the Company in consultation with the Company ’ s management concluded that the Company ’ s previously issued financial statements for the years ended December 31, 2024 and December 31, 2023 contained in the Company ’ s Annual Report on Form 10-K, and in the Company ’ s previously issued unaudited condensed consolidated financial statements for each of the quarterly and year-to-date periods in 2024 and 2025 that were included in Forms 10-Q that were filed for the periods ended March 31, 2025, June 30, 2025 and September 30, 2025 (collectively, the “ Prior Periods ” ), should not be relied upon and require restatement ( “ Restatement ” ) because of errors related to its accounting for the liability associated with its captive insurance subsidiary recorded in the Prior Periods that resulted in material misstatements of cash and cash equivalents, restricted cash — short-term and long-term, deferred income tax assets, net, income taxes payable and current and noncurrent captive insurance liabilities on the balance sheets, and provision for captive insurance liability and provision for income taxes on the statements of operations (resulting in understatements of Income from Operations and Net Income), included in the financial statements for the Prior Periods. The need for the Restatement was discovered during the course of the audits of the Company ’ s consolidated financial statements for the years ended December 31, 2023, 2024 and 2025. The Company was required to undertake a re-audit of its financial statements for 2023 and 2024 because the registration of its prior independent registered public accounting firm, Zwick CPA, PLLC, who had conducted the audits of those periods and issued reports thereon, was revoked by the Public Company Accounting Oversight Board (the “ PCAOB ” )