Genie Energy Earnings Reports

Genie Energy's Q4 2024 revenue decreased by 1.9% year-over-year to $102.9 million due to lower retail energy prices. Net loss improved to $15.3 million from $24.5 million in Q4 2023. Adjusted EBITDA declined slightly to $11.1 million, while gross margin improved to 32.5%. The company expanded its retail energy customer base, adding over 23,000 net meters during the quarter.

Genie Energy reported a decrease in revenue and profitability for the third quarter of 2024. Revenue decreased by 10.5% to $111.9 million, and net income attributable to Genie common stockholders decreased to $10.2 million, or $0.38 per diluted share. The company is on track to deliver the high end of its full year Adjusted EBITDA guidance of $40 to $50 million.

Genie Energy reported a decrease in revenue and gross profit for Q2 2024, but net income remained strong. The company is on track to achieve its full-year Adjusted EBITDA guidance. They also increased their cash, cash equivalents and marketable securities by nearly $16 million, even while investing in their business, paying out their quarterly dividend and repurchasing $2.6 million of their common stock.

Genie Energy reported a strong first quarter in 2024, with record revenue and gross profit. Genie Retail Energy and Genie Renewables drove the overall business growth. The company also repurchased 250,000 shares of its Class B Common stock and continued its quarterly dividend.

Genie Energy reported a strong finish to the year with record fourth quarter and full-year revenue. The company's customer acquisition strategy led to growth in both RCEs and meters by over 30%. However, the company experienced a loss from operations due to a one-time non-cash charge for a loss reserve at Genie's newly established captive insurance operations.

Genie Energy reported record quarterly revenue driven by strong performance in its domestic energy supply business. The company is increasing its 2023 Adjusted EBITDA guidance due to strong year-to-date performance and optimism for the winter season. Genie Renewables is also expanding its solar project development pipeline.

Genie Energy announced strong financial results for the second quarter of 2023, with record revenue and income from operations. The company's retail customer base expanded significantly, and the solar generation pipeline grew. Adjusted EBITDA guidance for 2023 was increased to $47 million to $55 million.

Genie Energy reported a strong first quarter with excellent bottom line results and robust growth in the customer book. Genie Retail Energy benefited from reduced energy market price volatility and achieved significant year-over-year RCE growth. Genie Renewables continued to invest in growth opportunities and broke ground on its first community solar generation project.

Genie Energy reported strong Q4 2022 results, with a 167% year-over-year increase in operating income. The company strategically curtailed customer acquisition during a volatile wholesale pricing period, resulting in strong financial results. Genie Renewables experienced revenue growth while advancing its solar development strategy.

Genie Energy reported record third quarter profit metrics driven by strength in Genie Retail Energy (GRE). GRE continued to outperform in a volatile energy price environment. Genie Renewables (GREW) also made excellent progress in our solar business, acquiring site rights to 64MW of solar projects.

Genie Energy reported record second-quarter gross profit, net income, and Adjusted EBITDA. The company repurchased 639,000 shares of Class B Common Stock and $2 million of Preferred Stock. They also announced the formation of Sunlight Energy Investments to invest in solar projects.

Genie Energy reported record quarterly results in Q1 2022, driven by Genie Retail Energy (GRE). The company's flexibility and market expertise enabled strong performance, robust cash flows, and significant value for shareholders.

Genie Energy reported strong Q4 2021 results, with significant gross profit increase and revenue growth in Genie Retail International. The company finished the year with a strong balance sheet and reinstated its quarterly dividend.

Genie Energy reported strong Q3 2021 results, driven by exceptional performance in both U.S. and Scandinavian energy supply businesses and robust customer demand in Genie Renewables. The company is withdrawing from the U.K. retail market due to structural market limitations.

Genie Energy reported a strong second quarter with robust top and bottom-line results, driven by organic meter growth in international operations and durable consumption levels in the U.S.

Genie Energy reported record revenue of $135.3 million for the first quarter 2021. However, the company also reported a loss per diluted share of $0.09, impacted by severe weather events in Texas and Japan.

Genie Energy reported a solid fourth quarter, with domestic business performing well despite COVID-19 impacts. The company is working to de-risk the business and narrow its strategic focus due to losses from the Texas winter storm.

Genie Energy reported strong third-quarter results driven by long-term investments in customer base growth and geographic diversification. The global customer base reached its highest level due to international meter acquisitions. U.S. revenue, gross profit, and income from operations increased due to higher electricity consumption.

Genie Energy reported strong financial and operational results for Q2 2020, with an expanded global customer base and the highest level of Adjusted EBITDA for any second quarter in its history.

Genie Energy reported strong first quarter results with record levels of revenue and gross profit, driven by robust growth in the global customer base and strong margins.