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Jun 30, 2020
Genie Energy Q2 2020 Earnings Report
Reported earnings of $0.06 per basic and diluted share on revenue of $76.1 million.
Key Takeaways
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.
Global customer base expanded, driven by growth in overseas markets.
Adjusted EBITDA reached the highest level for any second quarter.
Share repurchases resumed during the second quarter.
Strong bottom-line results were achieved despite COVID-19 challenges.
Genie Energy
Genie Energy
Forward Guidance
Genie Energy has a continued favorable outlook and strong cash generation in recent quarters.