secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001213900-22-045205
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genie Energy Q2 net income $33.9M, EPS $1.30; record gross profit
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- Revenue $75.0M (-1.8% YoY); gross profit $67.5M (+218%) on international hedge book gains.
- Net income $33.9M, diluted EPS $1.30 vs $0.19; Adjusted EBITDA $49.1M vs $5.5M.
- Declared $0.075 quarterly dividend; repurchased 639K common shares and $2M preferred stock.
- GRE segment income from ops $14.4M; international hedge book added $35.8M mark-to-market gain.
- Formed Sunlight Energy Investments for solar projects; sold Swedish book of ~6,000 meters.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390022045205/0001213900-22-045205-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390022045205/ea163913-8k_genieenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-22-045205

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