---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-069523"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2022-11-07T23:59:59+00:00"
generated_at: "2026-06-22T05:22:28.936156+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genie Energy posts record Q3 net income $18.3M and Adjusted EBITDA $24.5M; exits European retail ops

## Summary
- Revenue decreased 7.3% to $81.3M, but gross profit rose 24.7% to $43.1M (53.1% margin vs 39.5%).
- Net income from continuing ops attributable to common stockholders: $18.3M ($0.70 diluted EPS) vs loss of $2.7M ($(0.10)) in Q3 2021.
- Adjusted EBITDA increased 35.2% to $24.5M; GRE (US retail) generated $27.7M Adjusted EBITDA.
- Exited international retail operations (Scandinavia) – classified as discontinued ops; acquired site rights for 64MW solar projects.

## SEC filing metadata
- accession: 0001213900-22-069523
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2022-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390022069523/0001213900-22-069523-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390022069523/ea168141-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-069523
- JSON: https://secwatch.observer/filing/0001213900-22-069523.json
- Plain text: https://secwatch.observer/filing/0001213900-22-069523.txt

## Key facts
- Earnings Releases
  Genie Energy Ltd. reported the quarter ended September 30, 2022 results: revenue $81.3 million, net income $18.3 million, EPS $0.70.
  - Period: the quarter ended September 30, 2022
  - Revenue: $81.3 million
  - Net income: $18.3 million
  - EPS: $0.70
  - Result: reported results
  source text: of 2022 and for all prior periods presented. Third Quarter 2022 Highlights (versus 3Q21 unless otherwise noted; excludes GREI for all periods) ● Revenue decreased 7.3% to $81.3 million from $87.7 million; ● Gross profit increased 24.7% to $43.1 million from $34.6 million, and gross margin increased to 53.1% from 39.5%, driven by strength at GRE; ● Income from
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390022069523/0001213900-22-069523-index.htm

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