---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-083651"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2023-11-06T23:59:59+00:00"
generated_at: "2026-06-08T19:52:31.859577+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Genie Energy Q3 revenue up 54% to record $125M; raises FY 2023 Adj. EBITDA guidance to $52-57M

## Summary
- Revenue $125M (+53.8% YoY); gross margin 32.9% vs 53.1% as energy markets normalized.
- Diluted EPS from continuing ops $0.54 vs $0.85; net income from cont. ops $14.8M vs $22.3M.
- Raised 2023 Adj. EBITDA guidance to $52-57M from prior $47-55M.
- Retail Energy RCEs +49% to 375k; meters +42% to 385k; churn improved to 4.4% from 4.7%.
- Solar pipeline: 17 projects (114 MW) in dev; 2 under construction (10 MW). Dividend $0.075/sh payable Nov 21.

## SEC filing metadata
- accession: 0001213900-23-083651
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2023-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390023083651/0001213900-23-083651-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390023083651/gne-20231106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-083651
- JSON: https://secwatch.observer/filing/0001213900-23-083651.json
- Plain text: https://secwatch.observer/filing/0001213900-23-083651.txt

## Key facts
- Earnings Releases
  Genie Energy Ltd. reported for the third quarter ended September 30, 2023 results: revenue Revenue increased 53.8% to $ 125.0 million, net income Net income from continuing operations attributable to Genie common stockholders decreased to $ 14.8 million, EPS diluted income per share EPS from continuing operations decreased to $ 0.54. Guidance raised.
  - Period: for the third quarter ended September 30, 2023
  - Revenue: Revenue increased 53.8% to $ 125.0 million
  - Net income: Net income from continuing operations attributable to Genie common stockholders decreased to $ 14.8 million
  - EPS: diluted income per share EPS from continuing operations decreased to $ 0.54
  - Guidance: raised
  - Result: reported results
  source text: Genie Energy Announces Third Quarter 2023 Results Revenue increased 54 % year-over-year to a quarterly record $ 125 million Increased 2023 Adjusted EBITDA 1 guidance to $52 million to $57 million (versus prior guidance of $47 million to $55 million)
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023083651/0001213900-23-083651-index.htm
- Earnings Releases
  Genie Energy Ltd. updated its for fiscal year 2023 guidance (raised).
  - Period: for fiscal year 2023
  - Guidance: raised
  - Result: guidance update
  source text: we are increasing our previous consolidated 2023 Adjusted EBITDA guidance range of $47 to $55 million to $52 to $57 million
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390023083651/0001213900-23-083651-index.htm

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