Genie Energy Q4 op income +167% to $15.5M; record FY EPS $3.26

Genie Energy Ltd.

Revenue rose 17.6% to $81.4M in Q4; gross margin expanded 836 bps to 42.7%.
Full-year operating income record $77.8M, Adjusted EBITDA $83.2M (both +200%+).
Q4 net income attributable to common $16.2M (-41.3% YoY); FY net $85.9M (+211.8%).
GRE segment Q4 operating income $20.6M (up 148% from $8.3M); RCEs flat at 262k.
Redeemed $8.4M preferred stock in Q4; maintained $0.075 quarterly dividend.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Genie Energy Ltd. reported financial results for the quarter and full year ended December 31, 2022.

Period: the quarter and full year ended December 31, 2022
Result: reported results

Exact text from the filing

On March 13, 2023, the Registrant distributed over a wire service and posted to the investor relations page of its website (www.genie.com), an earnings release announcing its results of operations for the quarter and full year ended December 31, 2022.

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Genie Energy Ltd. filing history →

Source: SEC EDGAR

accession 0001213900-23-019382

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