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Mar 31, 2021
Genie Energy Q1 2021 Earnings Report
Reported record revenue and a loss per diluted share.
Key Takeaways
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.
Achieved record first quarter revenue.
Meter and RCE counts continued to climb.
Domestic business would likely have achieved record income from operations and Adjusted EBITDA absent the Texas storm’s impact.
Genie Renewables continued to expand into higher margin solar solutions offerings and delivered its highest level of income from operations to date.
Forward Guidance
Genie Energy is well positioned for strong cash generation and continued growth as they look ahead to the balance of the year and beyond. Across their business, the best is yet to come.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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