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

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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.

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.

Genie Energy to Report Third Quarter 2023 Results

Genie Energy offers a fantastic opportunity to take advantage of the long-term bullish outlook for natural gas. The Company has seen substantial growth in its electricity segment and is actively pursuing new avenues in renewables. GNE has significant growth potential ahead as it expands into more deregulated energy markets and maintains a clean balance sheet.

Genie Energy Continues To Show A Lot Of Potential

Genie Energy distributes electricity and natural gas globally. The company's market valuation is $420.41 million, with a potential undervaluation compared to industry peers. The firm's expansion strategy will enable Genie Energy to tap into new markets and find new gaps in growth.

Genie Energy: International Expansion Resulting In Accretive Growth

Genie Energy Ltd. (NYSE:GNE ) Q2 2023 Earnings Conference Call August 7, 2023 8:30 AM ET Company Participants Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Brian Siegel - Senior Managing Director, Hayden IR Conference Call Participants Operator Good morning and welcome to Genie Energy's Second Quarter 2023 Earnings Call.

Genie Energy Ltd. (GNE) Q2 2023 Earnings Call Transcript

Record second quarter Revenue and Income from Operations Strong customer growth at Genie Retail Energy Increases 2023 Adjusted EBITDA1 guidance to $47 million to $55 million (versus prior guidance of $40 million to $50 million) NEWARK, N.J. , Aug. 7, 2023 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces Second Quarter 2023 Results

Genie is Advancing a Robust Pipeline of Community Solar Projects NEWARK, N.J. , July 31, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Solar Achieves Notice to Proceed on Community Solar Generation Project in Lansing, NY

NEWARK, N.J. , July 26, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report Second Quarter 2023 Results

NEWARK, N.J. , June 20, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Announces Completion of Preferred Stock Redemption

Genie Energy has seen impressive growth in its margins over the last few years, currently at around 42% in gross margins, up from around 28% just 3 years ago. GNE has a P/E of around 7 and offers little risk as a long-term play, with a strong balance sheet and no debt, allowing profits to be diverted to shareholders through dividends and buybacks. The company has growth potential in new states and markets in the US, and its current price presents a solid risk/reward ratio, making it a buy for long-term investors.

Genie Energy: Low Valuation And Solid Growth, What's Not To Like

NEWARK, N.J. , June 12, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Present at Sidoti's June Small-Cap Virtual Investor Conference

Presentation on Wednesday, June 7 at 11:30 AM PT Newark, New Jersey--(Newsfile Corp. - May 30, 2023) - Genie Energy (NYSE: GNE) announced today that it will be presenting at the 13th Annual LD Micro Invitational at the Luxe Sunset Boulevard Hotel, California from June 6th-8th, 2023. The event is expected to feature 150+ companies, presenting in half-hour increments, as well as private 1:1 meetings.

Genie Energy to Present at LD Micro Invitational XIII

NEWARK, N.J. , May 16, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy Announces Full Redemption of Its Preferred Stock

Genie Energy Ltd. (NYSE:GNE ) Q1 2023 Earnings Conference Call May 8, 2023 8:30 AM ET Company Participants Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Brian Siegel - Senior Managing Director, Hayden IR Conference Call Participants Operator Good morning and welcome to Genie Energy's first quarter 2023 earnings call.

Genie Energy (GNE) Q1 2023 Earnings Call Transcript

Sequential quarterly meter and RCE growth of 27% and 34%, respectively NEWARK, N.J. , May 8, 2023 /PRNewswire/ -- Genie Energy, Ltd.

Genie Energy Announces First Quarter 2023 Results

NEWARK, N.J. , April 27, 2023 /PRNewswire/ -- Genie Energy Ltd.

Genie Energy to Report First Quarter 2023 Results

4 MW Solar Array will Generate Clean Electricity Sufficient to Power Over 440 Homes Project Will Reduce Carbon Emissions by Over 3,500 Metric Tons Annually NEWARK, N.J. , April 18, 2023 /PRNewswire/ -- Genie Solar Energy, a Genie Energy Ltd.

Genie Energy Breaks Ground on Community Solar Project in Perry NY

Receives Favorable CESIR on Separate Community Solar Project Downstate NEWARK, N.J. , March 27, 2023 /PRNewswire/ -- Genie Renewables ("GREW"), a division of Genie Energy Ltd.

Genie Energy Acquires Rights to New 6.25 Megawatt Community Solar Site in Upstate New York

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NEWARK, N.J., March 14, 2023 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a global provider of energy services, today announced that Avi Goldin, Genie's chief financial officer, will present at the Sidoti March Small-Cap Virtual Conference on Thursday, March 23 at 9:15 a.m. Eastern Time.

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

Genie Energy Ltd. (NYSE:GNE ) Q4 2022 Earnings Conference Call March 13, 2023 8:30 AM ET Company Participants Brian Siegel - Hayden Investor Relations Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Conference Call Participants Aaron Shafter - Great Mountain Capital Management Operator Good morning and welcome to Genie Energy's Fourth Quarter and Full Year 2022 Earnings Call.

Genie Energy Ltd. (GNE) Q4 2022 Earnings Call Transcript

NEWARK, N.J., March 13, 2023 /PRNewswire/ -- Genie Energy, Ltd. (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, today announced results for its fourth quarter and year ended December 31, 2022.

Genie Energy Announces Fourth Quarter and Full-Year 2022 Results

NEWARK, N.J., March 1, 2023 /PRNewswire/ -- 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 2022 on Monday, March 13, 2023.

Genie Energy to Report Fourth Quarter and Full Year 2022 Results

NEWARK, NJ / ACCESSWIRE / February 15, 2023 / Genie Energy Ltd., (NYSE:GNE)(NYSE:GNEPRA), a global provider of energy services, today announced that Avi Goldin, Genie's chief financial officer, will present at the Third Annual Winter Wonderland - Best Ideas Investor Conference on.

Genie Energy to Present to Present at The Third Annual Winter Wonderland - Best Ideas Investor Conference

Notice to proceed expected for a second project in early 2023 NEWARK, N.J. , Dec. 6, 2022 /PRNewswire/ -- Genie Energy Ltd.

News for Genie Energy Stock (GNE)