Welcome to our dedicated page for Genie Energy news (Ticker: GNE), a resource for investors and traders seeking the latest updates and insights on Genie Energy stock.
Genie Energy Ltd (GNE) delivers electricity, natural gas, and renewable energy solutions across U.S. markets through its Genie Retail Energy and Genie Renewables segments. This page provides investors and industry stakeholders with verified updates on corporate developments, strategic initiatives, and operational milestones.
Access official press releases covering quarterly earnings, solar energy projects, regulatory updates, and partnerships. All content is sourced directly from the company to ensure accuracy and compliance with financial disclosure standards.
Key focus areas include retail energy market expansions, solar panel manufacturing advancements, and clean fuel technology research. Bookmark this page to stay informed about GNE’s dual commitment to conventional energy reliability and sustainable innovation.
Genie Energy (NYSE: GNE) reported Q2 2024 results with revenue decreasing 3.0% to $90.7 million and net income attributable to common stockholders of $9.6 million ($0.36 per diluted share). Adjusted EBITDA decreased to $12.0 million from $15.8 million in Q2 2023. The company's cash position improved, with cash, restricted cash, and marketable securities increasing to $178.3 million.
Genie Retail Energy (GRE) saw a 3.4% revenue decrease to $86.7 million, while Genie Renewables (GREW) experienced 6.6% revenue growth to $4.0 million. The company reaffirmed its full-year 2024 guidance of $40-$50 million in consolidated Adjusted EBITDA. Genie also announced a quarterly dividend of $0.075 per share and repurchased approximately 169,000 shares for $2.6 million during Q2.
Genie Energy (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, has announced it will release its Q2 2024 financial and operational results on August 6, 2024. The company will issue an earnings release at 7:30 AM Eastern and host a conference call at 8:30 AM Eastern to discuss the results, business outlook, and strategy.
Investors can participate in the conference call by dialing 1-877-545-0523 (US toll-free) or 1-973-528-0016 (international) with the access code 312566. A call replay will be available until August 20, 2024, accessible by dialing 1-877-481-4010 (US toll-free) or 1-919-882-2331 (international) with the replay passcode 50905. A recording will also be available on the company's website.
Genie Energy announced record first quarter revenue and gross profits, led by strong performance from Genie Retail Energy and Genie Renewables. Income from operations, adjusted EBITDA, and earnings per diluted share were reported. The company repurchased shares and paid quarterly dividends. Financial metrics and segment highlights were provided in the release. Cash flow, balance sheet, and trended financial information were also discussed.
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