---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-063826"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2023-08-07T23:59:59+00:00"
generated_at: "2026-06-12T04:13:50.695159+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-23-063826
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2023-08-07T23:59:59+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/1528356/000121390023063826/0001213900-23-063826-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390023063826/ea182957-8k_genieenergy.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-063826
- JSON: https://secwatch.observer/filing/0001213900-23-063826.json
- Plain text: https://secwatch.observer/filing/0001213900-23-063826.txt

## Key facts
- Earnings Releases
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023063826/0001213900-23-063826-index.htm

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