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.

Earnings data Q1 2021

Earnings data Q2 2021

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Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

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Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

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.

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Genie Energy Ltd. (NYSE:GNE ) Q3 2022 Earnings Conference Call November 7, 2022 8:30 AM ET Company Participants Brian Siegel - Hayden IR Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Conference Call Participants Aaron Shafter - Great Mountain Capital Management Brett Rush - Centennial Management Operator Good morning, and welcome to Genie Energy's Third Quarter 2022 Earnings Call.

Genie Energy Ltd. (GNE) Q3 2022 Earnings Call Transcript

Reports record third-quarter gross profit, net income and Adjusted EBITDA1 Acquired site rights to build up to 64MW (megawatts) of solar projects NEWARK, N.J. , Nov. 7, 2022 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Third Quarter Results

NEWARK, N.J. , Oct. 27, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Announces Accelerated Redemption of Preferred Stock

NEWARK, N.J. , Oct. 27, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Third Quarter 2022 Results

Los Angeles, California--(Newsfile Corp. - October 20, 2022) - Genie Energy Ltd., (NYSE: GNE) (NYSE: GNEPRA), a provider of energy services, today announced that Avi Goldin, Genie's chief financial officer, will present at the LD Micro Main Event XV on Wednesday, October 26, on Track 1 at 10:30 a.m. Pacific Time/1:30 p.m. Eastern Time.Register here for LD Micro Main Event Virtual Presentation: https://me22.sequireevents.

Genie Energy to Present at LD Micro Main Event XV

Recently acquired the site rights for a planned 30 megawatts (MW) utility-scale solar generation project in Pennsylvania Holds site exclusivity on seven projects totaling 34 MW of community solar generation projects in New York NEWARK, N.J. , Sept. 20, 2022 /PRNewswire/ -- Genie Renewables ("GREW"), a division of Genie Energy Ltd.

Genie Energy Obtains Site Rights to Solar Development Projects Totaling 64 Megawatts

NEWARK, N.J. , Sept. 15, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at Sidoti September Small-Cap Virtual Investor Conference

The company set record income from operations having the most profitable second quarter in the company's history. Management's hedging strategies paid off with a significant increase in gross profit and operating income.

Genie Energy: Profitable Despite Unfavorable Market Conditions

Genie Energy Ltd. (NYSE:GNE ) Q2 2022 Earnings Conference Call August 8, 2022 8:30 AM ET Company Participants Brian Siegel - Investor Relations Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Conference Call Participants Aaron Shafter - Great Mountain Capital Management Jason Lustig - J.

Genie Energy Ltd. (GNE) CEO Michael Stein on Q2 2022 Results - Earnings Call Transcript

Reports record second-quarter gross profit, net income and Adjusted EBITDA1 Repurchased 639,000 shares of Class B Common Stock and $2 million of Preferred Stock Announced formation of Sunlight Energy Investments to invest in commercial, community and utility-scale solar projects NEWARK, N.J. , Aug. 8, 2022 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Second Quarter Results

NEWARK, N.J. , July 25, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Second Quarter 2022 Results

NEWARK, N.J. , June 15, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at East Coast IDEAS Investor Conference

1Q22 adjusted EBITDA turns positive. Gross margin improved by 3445bps.

Genie Energy: 13% FCF And 4.6% Dividend Yield, 56% Net Cash, 6.5x P/E

NEWARK, N.J. , May 9, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at Sidoti May Virtual MicroCap Conference - Revised Presentation Time

Start Time: 08:30 January 1, 0000 8:47 AM ET Genie Energy, Ltd. (NYSE:GNE ) Q1 2022 Earnings Conference Call May 09, 2022, 08:30 AM ET Company Participants Michael Stein - CEO Avi Goldin - CFO Brian Siegel - Senior Managing Director, Hayden IR Conference Call Participants Operator Good morning, and welcome to Genie Energy's First Quarter 2022 Earnings Call.

Genie Energy, Ltd. (GNE) CEO Michael Stein on Q1 2022 Results - Earnings Call Transcript

Record Gross Profit of $45.5 million and Gross Margin of 46.2% Record Net Income Attributable to Common Stockholders of $17.5 million, diluted EPS of $0.67 and Adjusted EBITDA1 of $25.7 million NEWARK, N.J. , May 9, 2022 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces First Quarter Results

NEWARK, N.J. , May 4, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at Sidoti May Virtual MicroCap Conference

NEWARK, N.J. , April 27, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report First Quarter 2022 Results

NEWARK N.J. , April 14, 2022 /PRNewswire/ -- The board of directors of Genie Energy Ltd (NYSE: GNE, GNEPRA) has declared a cash dividend of $0.2442 per share of the company's Series 2012-A Preferred Stock for the first quarter of 2022.

Genie Energy Declares First Quarter 2022 Preferred Stock Dividend

Strong 4Q results, with adjusted EBITDA up 5x.

Genie Energy: 13% FCF And 4.5% Dividend Yield, 59% Net Cash, 7x P/E

Genie Energy Ltd. (GNE) CEO Michael Stein on Q4 2021 Results - Earnings Call Transcript

NEWARK, N.J., March 10, 2022 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Fourth Quarter and Full-Year 2021 Results

NEWARK, N.J., Feb. 25, 2022 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Fourth Quarter and Full Year 2021 Results

NEWARK, N.J., Feb. 9, 2022 /PRNewswire/ -- The board of directors of Genie Energy Ltd.

News for Genie Energy Stock (GNE)