Genie Energy Q2 revenue $93.5M (+39.6% YoY); raises FY2023 Adjusted EBITDA guidance to $47-55M

Genie Energy Ltd.

2023-Q2 EPS reported $1.12 revenue$198,739,000

Revenue $93.5M (+39.6% YoY); income from operations $15.0M (+27.7%). Diluted EPS from continuing ops $0.45 vs $0.26.
GRE customer meters up 36% YoY to 381,000; RCEs up 45% to 380,000. Gross adds 75,000 (+117.7%).
FY2023 Adjusted EBITDA guidance raised to $47-55M from $40-50M.
Quarterly dividend $0.075 per share, payable Aug 21, record Aug 14.
Cash, restricted cash and marketable securities $115.1M; redeemed remaining $7.4M preferred stock.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Genie Energy Ltd. updated its second quarter ended June 30, 2023 guidance (raised).

Period: second quarter ended June 30, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On August 7, 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 ended June 30, 2023.

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Source: SEC EDGAR

accession 0001213900-23-063826

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