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Dec 31, 2024
Genie Energy Q4 2024 Earnings Report
Genie Energy reported a slight revenue decline in Q4 2024 while improving operational efficiency and expanding its customer base.
Key Takeaways
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.
Revenue decreased by 1.9% year-over-year to $102.9 million.
Net loss improved to $15.3 million from $24.5 million in Q4 2023.
Adjusted EBITDA declined slightly to $11.1 million from $11.4 million.
Genie Retail Energy added 23,000 net meters, expanding its customer base.
Genie Energy
Genie Energy
Genie Energy Revenue by Segment
Revenue by Segment
Genie Retail Energy Revenue
CapyFin.comGenie Renewables Revenue
CapyFin.com Forward Guidance
Genie Energy expects continued expansion in 2025, with a focus on increasing retail energy customers and expanding its renewable energy pipeline.
Positive Outlook
- Maintains 2025 Adjusted EBITDA guidance at $40-$50 million.
- Continued investment in customer acquisitions to drive retail energy growth.
- Expansion of solar energy projects and financing deals.
- Strong balance sheet with growing cash reserves.
- Opportunistic share buybacks and dividend payments.
Challenges Ahead
- Declining electricity margins may impact profitability.
- Higher customer acquisition costs expected in 2025.
- Renewable segment revenue decreased significantly in Q4 2024.
- Macroeconomic conditions could affect energy pricing and demand.
- Potential regulatory challenges in retail energy markets.
Revenue & Expenses
Visualization of income flow from segment revenue to net income