Genie Energy

Genie Energy Ltd. engages in the provision of energy services. It operates through the following segments: Genie Retail Energy (GRE), Genie Energy Services (GES), GRE International and Genie Oil and Gas, Inc. (GOGAS). The GRE segment owns and operates retail energy providers which resell electricity and natural gas to residential and business customers. The GES segment oversees a retail energy advisory and brokerage firm and manages a solar solutions company which involves the production of solar panels, solar installation design, and project management. The GOGAS segment owns an interest in a contracted drilling services operation and oil and gas exploration projects. The GRE International segment operates REPs in Japan and Finland and manages the company's share in operations of Shoreditch in the UK. The company was founded by Howard S. Jonas in November 2004 and is headquartered in Newark, NJ.

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Earnings data Q4 2024

Genie Energy reports record profits, eyes renewables growth in 2023

Genie Energy delivered strong financial results in Q4 2022, with record gross margins and profits, demonstrating resilience and growth potential.
While facing challenges in revenue decline for the full year, the company's strategic focus on renewables and risk management presents opportunities for future expansion.
Maintaining profitability, managing costs effectively, and navigating competitive pressures will be key focus areas for sustainable growth.
With a solid balance sheet and commitment to shareholder value, Genie Energy is well-positioned to capitalize on market opportunities and drive long-term success.

Genie Energy reports strong Q1 growth and eyes retail expansion

Genie Energy's Q1 2023 performance reflects a return to growth, with notable increases in key metrics and solid financial results.
The company's strengths in organic customer base growth, strong balance sheet, and strategic focus position it well for future value creation.
While facing challenges in maintaining growth momentum, Genie Energy has opportunities to drive further growth in retail and renewables and enhance shareholder value.

Genie Energy reports record Q2 revenue and increased EBITDA guidance

Genie Energy's Q2 performance reflects strong revenue growth and operational efficiency.
The company's increased EBITDA guidance and customer acquisition demonstrate a positive outlook.
While facing challenges, Genie Energy has opportunities for expansion and diversification in the energy market.

Genie Energy reports record revenues in Q3, eyes growth opportunities

Genie Energy delivered robust financial results in Q3 2023, with record revenues and strong meter additions.
Despite a decrease in adjusted EBITDA, the company's balance sheet improved significantly, reflecting financial stability.
Challenges in maintaining profitability exist, but opportunities for growth and value creation are evident.
Overall, Genie Energy's performance underscores its resilience and potential for future expansion and success.

Genie Energy reports record revenue in Q4, eyes growth opportunities

Genie Energy delivered strong performance in customer growth and revenue achievement in Q4 2023, exceeding adjusted EBITDA guidance.
Despite challenges such as lower gross profit and increased operating losses, the company remains focused on strategic growth initiatives.
Opportunities lie in solar project development, increased EBITDA targets, and solid customer growth for value creation in 2024.
Investors should monitor Genie Energy's progress in addressing challenges and leveraging opportunities for sustained growth and profitability.

Genie Energy reports record Q1 revenue and growth opportunities ahead

Genie Energy's strong financial performance, customer growth, and strategic initiatives in solar projects and Diversegy business underscore its resilience and potential for future success.
While facing challenges in achieving EBITDA targets and managing costs, the company's diversified revenue streams and shareholder value focus provide a solid foundation for growth.
Opportunities in renewable energy expansion, market exploration, and operational enhancements offer avenues for Genie Energy to capitalize on emerging trends and drive sustained profitability.
Overall, Genie Energy's Q1 2024 performance reflects a balanced approach to growth, efficiency, and shareholder returns amidst a dynamic market environment.

Genie Energy reports strong Q2 performance, targets significant EBITDA growth

Genie Energy's Q2 2024 performance reflects a focus on financial strength, operational resilience, and shareholder value.
While facing revenue challenges and operational adjustments, the company maintains a proactive stance towards growth and profitability.
Strategic emphasis on adjusted EBITDA targets and business segment progress positions Genie Energy for future growth opportunities.
With a robust balance sheet and strategic initiatives, Genie Energy navigates challenges to capitalize on growth prospects and enhance shareholder value.

Genie Energy reports robust Q3 earnings, eyes growth in renewables

Genie Energy delivered strong Q3 results, focusing on growth in new and existing markets. The company's renewable business segment showed promising growth and profitability. Challenges include revenue fluctuations and managing consumption patterns, while opportunities lie in market expansion and shareholder value enhancement.

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Genie Energy Ltd. engages in the provision of energy services. It operates through Genie Retail Energy and Genie Renewables. The Genie Retail Energy segment supplies electricity and natural gas to residential and small business customers. The Genie Renewables segment includes Genie Solar, CityCom Solar, Prism Solar Technologies, and Diversegy LLC. The company was founded by Howard S. Jonas in November 2004 and is headquartered in Newark, NJ.

NEWARK, NJ, Nov. 19, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has closed on a loan financing on a portfolio of operating solar generation assets.

Genie Energy Closes on Solar Generation Project Financing

Shares have remained rangebound so far this year, as the company's performance has been inline with management's full-year guidance. Despite results appearing weak versus the prior year periods, key indicators point to a more promising outlook for growth and margins. I find the current valuation to be attractive at an EV/Adjusted EBITDA multiple of 6.3, despite the risks from regulation and competition.

Genie Energy Q3 Earnings: Soft Results With An Optimistic Outlook

Reduced electricity consumption per meter, driven by milder summer, and increased customer acquisition costs in the retail segment hurt GNE's earnings in Q3.

Genie Energy Reports Y/Y Declines in Earnings & Revenues in Q3

Genie Energy Ltd. (NYSE:GNE ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Michael Stein – Chief Executive Officer Avi Goldin – Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Genie Energy Limited Third Quarter 2024 Earnings Call.

Genie Energy Ltd. (GNE) Q3 2024 Earnings Call Transcript

Newark, NJ, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter of 2024.

Genie Energy Announces Third Quarter 2024 Results

NEWARK, NJ, Oct. 15, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the third quarter of 2024 on Wednesday, November 6th, 2024.

Genie Energy to Report Third Quarter 2024 Results

Reduced revenues in the retail energy segment hurt Genie Energy's (GNE) earnings in Q2.

Genie Energy (GNE) Earnings & Revenues Decline Y/Y in Q2

Genie Energy Ltd. (NYSE:GNE ) Q2 2024 Earnings Call August 6, 2024 8:30 AM ET Company Participants Brian Siegel - Investor Relations Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Operator Good morning and welcome to Genie Energy's Second Quarter 2024 Earnings Call.

Genie Energy Ltd. (GNE) Q2 2024 Earnings Call Transcript

Newark, NJ, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the second quarter of 2024.

Genie Energy Announces Second Quarter 2024 Results

NEWARK, NJ, July 17, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the second quarter of 2024 on Tuesday, August 6th, 2024.

Genie Energy to Report Second Quarter 2024 Results

Discover why Zacks rates Genie Energy (GNE) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore Genie Energy's diverse portfolio, strategic exits from non-core markets and robust financial health, along with the market risks impacting its performance.

Zacks Initiates Coverage of Genie Energy With Neutral Recommendation

Shares have nearly halved this year as profit margins have been steadily declining since the end of 2022. The business continues to show robust revenue growth, with management guiding for Adjusted EBITDA to stabilize this year. Shares are attractively valued, and management is aggressively returning cash to shareholders through dividends and buybacks.

Genie Energy: Attractively Priced With Solar Energy Upside

Revenue increased to $119.7 Million and Gross Profit Climbed to $33.8 Million - Both Record First Quarter Levels

Genie Energy Announces First Quarter 2024 Results

NEWARK, NJ, April 24, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the first quarter of 2024 on Wednesday, May 8, 2024.

Genie Energy to Report First Quarter 2024 Results

NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project in Hamilton, Indiana from the project developer.

Sunlight Energy Investments Acquires an Additional Solar Project

Genie Energy Limited (NYSE:GNE ) Q4 2023 Earnings Conference Call March 11, 2024 8:30 AM ET Company Participants Brian Siegel - Hayden IR Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Operator Good morning and welcome to Genie Energy's Fourth Quarter and Year-End 2023 Earnings Call. Until the Q&A portion of the call, all participants will be in listen-only mode.

Genie Energy Limited (GNE) Q4 2023 Earnings Call Transcript

Record Fourth Quarter and Full Year Revenue Full-year 2023 Adjusted EBITDA 1  exceeded upper range of prior guidance Cash and cash equivalents, short and long-term restricted cash, and marketable equity securities increased 55% year-over-year to $163.4 million with no debt outstanding Newark, NJ , March 11, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the fourth quarter and full year ended December 31, 2023.

Genie Energy Announces Fourth Quarter and Full Year 2023 Results

NEWARK, NJ, March 05, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the fourth quarter and full year 2023 on Monday, March 11, 2024.

Genie Energy to Report Fourth Quarter and Full Year 2023 Results

Revenue rising through marketing and acquisitions, not just cost-cutting. Genie Energy is investing in renewable energy with long-term growth trends. Recent improvement in Cash Conversion Cycle suggests progress, but needs to be monitored for long-term sustainability.

Genie Energy: Still Deeply Undervalued Despite Price Increase

NEWARK, NJ, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced an expansion of its consumer product portfolio and the formation of a “captive” self-insurance subsidiary to enhance the Company's risk management strategy.

Genie Energy Unveils Insurance Strategy

Newark, New Jersey--(Newsfile Corp. - January 25, 2024) - Genie Energy (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will be participating in The Microcap Conference, which will take place January 30, 31, February 1, 2024 at Caesars Atlantic City Hotel & Casino in Atlantic City, NJ. Avi Goldin, Chief Financial Officer, will be presenting on January 31 & February 1, 2024.

Genie Energy Announces Participation in The Microcap Conference

Acquires Operational Arrays Aggregating 9.4 MW NEWARK, NJ, Nov. 27, 2023 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a portfolio of 12 operating solar arrays with an aggregate rating of 9.4 MW-DC from the project developer.

Sunlight Energy Investments Acquires Portfolio of Solar Projects

Genie Energy Limited (NYSE:GNE ) Q3 2023 Earnings Conference Call November 6, 2023 8:30 AM ET Company Participants Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Brian Siegel - Hayden IR Conference Call Participants Operator Good morning and welcome to Genie Energy's third quarter 2023 earnings call. Until the Q&A portion of the call, all participants will be in listen-only mode.

Genie Energy (GNE) Q3 2023 Earnings Call Transcript

Revenue increased 54% year-over-year to a quarterly record $125 million Increased 2023 Adjusted EBITDA 1 guidance to $52 million to $57 million (versus prior guidance of $47 million to $55 million) Year-over-year RCE and meter growth of 49% and 42% respectively Newark, NJ, Nov. 06, 2023 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the third quarter ended September 30, 2023.

Genie Energy Announces Third Quarter 2023 Results

NEWARK, NJ, Oct. 17, 2023 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the third quarter of 2023 on Monday, November 6, 2023.

News for Genie Energy Stock (GNE)