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Complete financial analysis of Genie Energy Ltd. (GNE) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Genie Energy Ltd., a leading company in the Regulated Electric industry within the Utilities sector.
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Genie Energy Ltd. (GNE)
About Genie Energy Ltd.
Genie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 428.71M | 315.54M | 363.73M | 379.31M | 315.29M | 280.31M | 264.20M | 212.11M | 210.11M | 275.03M | 279.17M | 229.46M | 203.56M | 201.36M | 264.71M |
| Cost of Revenue | 282.50M | 160.76M | 258.86M | 281.63M | 232.39M | 203.76M | 178.69M | 135.17M | 141.02M | 223.09M | 213.42M | 159.87M | 149.71M | 143.53M | 192.55M |
| Gross Profit | 146.21M | 154.78M | 104.86M | 97.69M | 82.90M | 76.55M | 85.51M | 76.94M | 69.09M | 51.94M | 65.76M | 69.59M | 53.85M | 57.83M | 72.16M |
| Gross Profit Ratio | 34.10% | 49.05% | 28.83% | 25.75% | 26.29% | 27.31% | 32.37% | 36.27% | 32.88% | 18.88% | 23.55% | 30.33% | 26.45% | 28.72% | 27.26% |
| Research & Development | 0.00 | 0.00 | 0.00 | 0.00 | 207.00K | 39.00K | 0.00 | -269.00K | 1.99M | 12.51M | 11.39M | 9.37M | 7.84M | 5.23M | 6.25M |
| General & Administrative | 84.81M | 67.86M | 64.67M | 70.65M | 68.07M | 61.58M | 80.12M | 61.57M | 66.04M | 61.37M | 49.75M | 54.00M | 17.80M | 0.00 | 0.00 |
| Selling & Marketing | 6.30M | 7.10M | 7.10M | 6.30M | 4.40M | 2.40M | 2.10M | 1.40M | 900.00K | 300.00K | 200.00K | 800.00K | 15.97M | 0.00 | 0.00 |
| SG&A | 91.11M | 74.96M | 71.77M | 76.95M | 72.47M | 61.58M | 80.12M | 61.57M | 66.04M | 61.37M | 49.75M | 54.00M | 33.77M | 21.18M | 26.86M |
| Other Expenses | 45.09M | -520.00K | 707.00K | 639.00K | 1.07M | 156.00K | -367.00K | 207.00K | -193.00K | 389.00K | -444.00K | -143.00K | 24.00K | 86.00K | 118.00K |
| Operating Expenses | 136.20M | 74.96M | 71.77M | 76.95M | 72.67M | 61.83M | 85.00M | 67.45M | 74.61M | 73.88M | 61.14M | 63.37M | 41.64M | 26.49M | 33.23M |
| Cost & Expenses | 415.58M | 235.72M | 330.63M | 358.58M | 305.07M | 265.59M | 263.69M | 202.62M | 215.62M | 296.98M | 274.55M | 223.24M | 191.35M | 170.03M | 225.78M |
| Interest Income | 5.08M | 835.00K | 34.00K | 190.00K | 448.00K | 557.00K | 295.00K | 332.00K | 411.00K | 469.00K | 449.00K | 404.00K | 1.20M | 1.00K | 67.00K |
| Interest Expense | 99.00K | 129.00K | 427.00K | 328.00K | 530.00K | 401.00K | 310.00K | 332.00K | 10.00K | 0.00 | 3.22M | 2.91M | 3.17M | 1.72M | 67.00K |
| Depreciation & Amortization | 463.00K | 385.00K | 436.00K | 2.96M | 3.63M | 2.06M | 2.14M | 581.00K | 428.00K | 132.00K | 110.00K | 124.00K | 24.00K | 86.00K | 118.00K |
| EBITDA | 18.67M | 78.04M | 24.52M | 25.72M | 10.14M | 11.49M | -4.47M | -29.39M | -7.68M | -24.68M | -2.48M | 6.35M | 12.24M | 29.84M | 41.09M |
| EBITDA Ratio | 4.35% | 25.52% | 9.65% | 6.24% | 3.34% | 5.02% | 0.76% | 23.50% | -2.43% | -6.60% | 1.98% | 2.77% | 6.31% | 15.59% | 14.71% |
| Operating Income | 10.01M | 77.75M | 33.09M | 19.34M | 6.91M | 8.55M | -6.54M | -30.51M | -5.88M | -25.61M | 626.00K | 3.05M | 6.97M | 31.33M | 41.52M |
| Operating Income Ratio | 2.33% | 24.64% | 9.10% | 5.10% | 2.19% | 3.05% | -2.48% | -14.39% | -2.80% | -9.31% | 0.22% | 1.33% | 3.43% | 15.56% | 15.69% |
| Total Other Income/Expenses | 8.10M | -231.00K | -430.00K | -1.14M | -3.85M | -2.95M | -7.43M | 539.00K | -179.00K | -2.50M | -3.21M | -2.65M | -2.58M | -3.30M | 1.10M |
| Income Before Tax | 18.11M | 77.52M | 32.66M | 23.87M | 5.98M | 9.02M | -6.92M | -29.97M | -8.11M | -27.31M | -2.59M | 395.00K | 4.39M | 28.03M | 40.98M |
| Income Before Tax Ratio | 4.22% | 24.57% | 8.98% | 6.29% | 1.90% | 3.22% | -2.62% | -14.13% | -3.86% | -9.93% | -0.93% | 0.17% | 2.16% | 13.92% | 15.48% |
| Income Tax Expense | 4.24M | 21.04M | 8.79M | 8.31M | 4.60M | -12.38M | 1.73M | 2.22M | 525.00K | 95.00K | 2.76M | 2.93M | 6.95M | 13.95M | 18.25M |
| Net Income | 19.54M | 56.49M | 29.21M | 13.16M | 1.38M | 22.79M | -6.99M | -24.53M | -7.46M | -26.49M | -5.90M | -3.28M | 1.63M | 14.57M | 22.75M |
| Net Income Ratio | 4.56% | 17.90% | 8.03% | 3.47% | 0.44% | 8.13% | -2.65% | -11.56% | -3.55% | -9.63% | -2.11% | -1.43% | 0.80% | 7.24% | 8.59% |
| EPS | 0.75 | 2.20 | 1.06 | 0.45 | 0.05 | 0.91 | -0.30 | -1.08 | -0.34 | -1.25 | -0.30 | -0.16 | 0.07 | 0.72 | 1.12 |
| EPS Diluted | 0.74 | 2.14 | 1.05 | 0.44 | 0.05 | 0.89 | -0.30 | -1.08 | -0.34 | -1.25 | -0.30 | -0.16 | 0.07 | 0.65 | 1.02 |
| Weighted Avg Shares Out | 25.55M | 25.63M | 25.88M | 26.11M | 26.61M | 25.15M | 23.53M | 22.80M | 22.14M | 21.26M | 19.67M | 20.54M | 22.72M | 20.37M | 20.37M |
| Weighted Avg Shares Out (Dil) | 26.06M | 26.37M | 26.32M | 26.81M | 27.46M | 25.70M | 23.53M | 22.80M | 22.14M | 21.26M | 19.67M | 20.69M | 22.72M | 22.34M | 22.34M |
Genie Energy Announces Second Quarter 2024 Results
Newark, NJ, Aug. 06, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the second quarter of 2024.
Genie Energy to Report Second Quarter 2024 Results
NEWARK, NJ, July 17, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the second quarter of 2024 on Tuesday, August 6th, 2024.
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Shares have nearly halved this year as profit margins have been steadily declining since the end of 2022. The business continues to show robust revenue growth, with management guiding for Adjusted EBITDA to stabilize this year. Shares are attractively valued,...
Genie Energy Announces First Quarter 2024 Results
Revenue increased to $119.7 Million and Gross Profit Climbed to $33.8 Million - Both Record First Quarter Levels
Genie Energy to Report First Quarter 2024 Results
NEWARK, NJ, April 24, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the first quarter of 2024 on Wednesday, May 8, 2024.
Sunlight Energy Investments Acquires an Additional Solar Project
NEWARK, NJ, March 21, 2024 (GLOBE NEWSWIRE) -- Sunlight Energy Investments (Sunlight Energy), a subsidiary of Genie Energy Ltd., (NYSE: GNE), a retail energy and renewable energy solutions provider, today announced that it has purchased a late-stage solar development project...
Genie Energy Limited (GNE) Q4 2023 Earnings Call Transcript
Genie Energy Limited (NYSE:GNE ) Q4 2023 Earnings Conference Call March 11, 2024 8:30 AM ET Company Participants Brian Siegel - Hayden IR Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Operator Good morning and welcome...
Genie Energy Announces Fourth Quarter and Full Year 2023 Results
Record Fourth Quarter and Full Year Revenue Full-year 2023 Adjusted EBITDA 1 exceeded upper range of prior guidance Cash and cash equivalents, short and long-term restricted cash, and marketable equity securities increased 55% year-over-year to $163.4 million with no debt outstanding Newark,...
Genie Energy to Report Fourth Quarter and Full Year 2023 Results
NEWARK, NJ, March 05, 2024 (GLOBE NEWSWIRE) -- Genie Energy Ltd., (NYSE: GNE, GNEPRA), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the fourth quarter and full year 2023 on Monday, March...
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