---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-019382"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2023-03-13T23:59:59+00:00"
generated_at: "2026-06-18T04:23:52.454513+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-019382
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2023-03-13T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390023019382/0001213900-23-019382-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390023019382/ea175108-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-019382
- JSON: https://secwatch.observer/filing/0001213900-23-019382.json
- Plain text: https://secwatch.observer/filing/0001213900-23-019382.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023019382/0001213900-23-019382-index.htm

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