secwatch.observer — SEC 8-K summary
======================================

Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2022-05-09T23:59:59+00:00
Accession:  0001213900-22-024689
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390022024689/0001213900-22-024689-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390022024689/ea159568-8k_genieenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-024689

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer