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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.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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