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 2024

Genie Energy reports strong Q1 growth and targets solar expansion

Genie Energy's Q1 2023 performance reflects a return to growth, particularly in the REP and GREW segments, with strong financial results and a robust balance sheet. While challenges in maintaining growth exist, the company is well-positioned to capitalize on opportunities in solar generation and energy consulting, supported by its strong financial position.

Genie Energy reports record Q2 revenue and raises EBITDA guidance

Genie Energy's Q2 2023 performance reflects strong revenue growth, a solid financial position, and a focus on renewable energy expansion. While facing challenges related to operational costs and administrative matters, the company is well-positioned to capitalize on opportunities for continued growth and profitability.

Genie Energy reports record Q3 revenues and strengthens balance sheet

Genie Energy delivered a strong performance in Q3, with record revenues and increased adjusted EBITDA guidance, indicating confidence in future prospects. Despite challenges such as decreased income from operations and gross profit margin, the company's strengthened balance sheet and strategic focus on retail customer acquisition and renewables projects position it well for future opportunities.

Genie Energy reports record revenue in 2023, eyes growth in 2024

Genie Energy delivered strong financial performance in 2023, with record revenue and growth in customer metrics. While facing challenges in gross profit and adjusted EBITDA in Q4, the company remains optimistic about its growth prospects for 2024.

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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, 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.

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.

News for Genie Energy Stock (GNE)