Welcome to our dedicated page for Genie Energy news (Ticker: GNE), a resource for investors and traders seeking the latest updates and insights on Genie Energy stock.
Genie Energy Ltd. (NYSE: GNE) is described in its public releases as a retail energy and renewable energy solutions provider operating through its Genie Retail Energy (GRE) and Genie Renewables (GREW) divisions. The news flow around GNE frequently centers on quarterly and annual financial results, operational metrics in its retail energy business, and updates on its solar and advisory activities.
Investors following GNE news will see regular earnings announcements detailing revenue, gross margin, income from operations, Adjusted EBITDA, and non-GAAP net income. These releases also break out performance by segment, highlighting electricity and natural gas revenue within GRE and solar and advisory contributions within GREW. Operational data such as retail customer equivalents (RCEs), meters served, churn, and solar project pipeline statistics are commonly included.
Company news also covers developments in Genie Renewables, including progress on Genie Solar’s community and utility-scale solar projects and revenue trends at Diversegy, the energy procurement advisor and brokerage business. Additional updates have addressed project financing for solar arrays, the company’s captive insurance initiative, and changes in its independent registered public accounting firm.
This news page aggregates these wire-service announcements and related SEC-reported events so readers can review how Genie Energy describes its financial performance, segment trends, capital allocation decisions such as share repurchases and dividends, and strategic steps in solar generation, energy advisory, and insurance initiatives over time.
Genie Energy (NYSE: GNE) reported Q3 2024 results with revenue decreasing 10.5% to $111.9 million and net income falling to $10.2 million ($0.38 per share) from $14.5 million ($0.53 per share) year-over-year. The company added 36,000 net new meters during the quarter, while maintaining strong electricity and gas margins. Cash and equivalents increased to $191.7 million. The company expects to achieve the high end of its full-year Adjusted EBITDA guidance of $40-50 million. Genie Renewables showed improved performance with 29.2% revenue growth, while the retail energy segment saw a 12.1% revenue decline due to milder weather and increased customer acquisition costs.
Genie Energy (NYSE: GNE), a leading retail energy and renewable energy solutions provider, has announced it will release its financial and operational results for the third quarter of 2024 on Wednesday, November 6th, 2024. The company will issue an earnings release at 7:30 AM Eastern and host a conference call at 8:30 AM Eastern to discuss the results, business outlook, and strategy.
Investors can participate in the conference call by dialing 1-877-545-0523 (US toll-free) or 1-973-528-0016 (international) with the access code 644435. A call replay will be available until November 20, 2024, by dialing 1-877-481-4010 (US toll-free) or 1-919-882-2331 (international) with the passcode 51441. Additionally, a recording of the call will be accessible on the company's website.
Genie Energy (NYSE: GNE) reported Q2 2024 results with revenue decreasing 3.0% to $90.7 million and net income attributable to common stockholders of $9.6 million ($0.36 per diluted share). Adjusted EBITDA decreased to $12.0 million from $15.8 million in Q2 2023. The company's cash position improved, with cash, restricted cash, and marketable securities increasing to $178.3 million.
Genie Retail Energy (GRE) saw a 3.4% revenue decrease to $86.7 million, while Genie Renewables (GREW) experienced 6.6% revenue growth to $4.0 million. The company reaffirmed its full-year 2024 guidance of $40-$50 million in consolidated Adjusted EBITDA. Genie also announced a quarterly dividend of $0.075 per share and repurchased approximately 169,000 shares for $2.6 million during Q2.
Genie Energy (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, has announced it will release its Q2 2024 financial and operational results on August 6, 2024. The company will issue an earnings release at 7:30 AM Eastern and host a conference call at 8:30 AM Eastern to discuss the results, business outlook, and strategy.
Investors can participate in the conference call by dialing 1-877-545-0523 (US toll-free) or 1-973-528-0016 (international) with the access code 312566. A call replay will be available until August 20, 2024, accessible by dialing 1-877-481-4010 (US toll-free) or 1-919-882-2331 (international) with the replay passcode 50905. A recording will also be available on the company's website.
Genie Energy announced record first quarter revenue and gross profits, led by strong performance from Genie Retail Energy and Genie Renewables. Income from operations, adjusted EBITDA, and earnings per diluted share were reported. The company repurchased shares and paid quarterly dividends. Financial metrics and segment highlights were provided in the release. Cash flow, balance sheet, and trended financial information were also discussed.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
Summary not available.
FAQ
What is the current stock price of Genie Energy (GNE)?
What is the market cap of Genie Energy (GNE)?
