secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2023-03-13T23:59:59+00:00
Accession:  0001213900-23-019382
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390023019382/0001213900-23-019382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390023019382/ea175108-8k_genieenergy.htm
  HTML page:      https://secwatch.observer/filing/0001213900-23-019382

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