---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-024689"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2022-05-09T23:59:59+00:00"
generated_at: "2026-06-25T22:23:05.958492+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genie Energy Q1 net income $17.5M, EPS $0.67, vs prior loss; record gross margin 46.2%

## Summary
- Revenue $98.5M, down 8.3% YoY; gross profit surged 259.9% to $45.5M, margin 46.2% vs 11.8%.
- Net income attributable to common stockholders $17.5M ($0.67 diluted EPS) vs net loss of $2.4M ($0.09 loss) in 1Q21.
- Adjusted EBITDA $25.7M, compared to ($4.4M) in prior year; GRE segment generated $30.5M Adjusted EBITDA.
- GRE income from operations $30.2M vs $1.2M YoY; GRE customer equivalents down 25% but natural gas RCE up 38.7%.
- Declared $0.075 quarterly dividend for Class A and B common stockholders.

## SEC filing metadata
- accession: 0001213900-22-024689
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2022-05-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390022024689/0001213900-22-024689-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390022024689/ea159568-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-024689
- JSON: https://secwatch.observer/filing/0001213900-22-024689.json
- Plain text: https://secwatch.observer/filing/0001213900-22-024689.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.