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 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.

NEWARK, N.J., Dec. 6, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Expands Green Energy Supply Business in Scandinavia

Genie Energy Ltd (GNE) CEO Michael Stein on Q3 2021 Results - Earnings Call Transcript

NEWARK, N.J., Nov. 4, 2021 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Third Quarter 2021 Results

NEWARK, N.J., Oct. 28, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Third Quarter 2021 Results

NEWARK, N.J., Oct. 14, 2021 /PRNewswire/ -- Genie Energy Ltd (NYSE: GNE, GNEPRA) announced today that it has suspended the planned public offering and spin-off of its European retail energy supply business, Oriel Energy, in light of the impacts of the extreme volatility in the United Kingdom's energy markets on the retail energy supply industry.

Genie Energy Suspends Plan to Spin-Off European Energy Supply Business

NEWARK, N.J., Sept. 21, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at Sidoti Virtual Investor Conference

NEWARK, N.J., Sept. 9, 2021 /PRNewswire/ -- Diversegy, a growing commercial energy brokerage and advisory service and division of Genie Energy Ltd.

Diversegy Prepares to Launch Energy Broker Sales Platform

Genie Energy Ltd (GNE) CEO Michael Stein on Q2 2021 Results - Earnings Call Transcript

NEWARK, N.J., Aug. 5, 2021 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Second Quarter 2021 Results

NEWARK, N.J., July 28, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Second Quarter 2021 Results

Genie Energy was impacted by the Texas winter storm in February, but still produced a stellar first quarter with record revenues.

Genie Energy: Strong Rebound On 25% Net Cash, 9.4% FCF Yield And 10x P/E

Genie Energy Ltd. (GNE) CEO Michael Stein on Q1 2021 Results - Earnings Call Transcript

NEWARK, N.J., May 6, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Ltd. Reports First Quarter 2021 Results

NEWARK, N.J., April 26, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report First Quarter 2021 Results

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NEWARK, N.J., March 17, 2021 /PRNewswire/ --  Genie Solar Energy, a developer, designer and installer of commercial solar systems, has completed two rooftop solar installations in New Hampshire for INTEGRA Biosciences, a developer and manufacturer of medical pipettes and other liquid handling and media preparation applications including devices for COVID-19 testing.

INTEGRA Biosciences Taps Genie Solar Energy For Rooftop Solar Installations

Genie Energy Ltd. (GNE) CEO Michael Stein on Q4 2020 Results - Earnings Call Transcript

NEWARK, N.J., March 11, 2021 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Ltd. Reports Fourth Quarter and Full Year 2020 Results

NEWARK, N.J., March 3, 2021 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a global provider of energy services, will announce financial and operational results for the fourth quarter and full year 2020 on Thursday, March 11, 2021. Genie Energy will issue an earnings release over...

Genie Energy to Report Fourth Quarter and Full Year 2020 Results

NEWARK, N.J., Feb. 22, 2021 /PRNewswire/ -- Genie Energy (NYSE: GNE, GNEPRA) today said that it continues to serve its 10,000 customers across Texas with no change in their rates under their current agreements despite the unprecedented price volatility in real-time electricity prices last...

Genie Energy Comments on Impact of Texas Market Electricity Price Spikes

Genie Energy Ltd (GNE) CEO Michael Stein on Q3 2020 Results - Earnings Call Transcript

Genie Energy Ltd.'s (GNE) CEO Michael Stein on Q3 2020 Results - Earnings Call Transcript

Genie Energy Ltd. (GNE) CEO Michael Stein on Q2 2020 Results - Earnings Call Transcript

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Genie Energy Ltd. (GNE) CEO Michael Stein on Q1 2020 Results - Earnings Call Transcript

News for Genie Energy Stock (GNE)