{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-021226","form_type":"8-K","ticker":"GNE","cik":"0001528356","company_name":"Genie Energy Ltd.","filed_at":"2024-03-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:24.507843+00:00","generated_at":"2026-06-04T23:47:07.799148+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"Genie Energy Q4 revenue up 28.9% to $104.9M, net loss $24.5M due to $45.1M one-time charge","bullets":["Revenue $104.9M (record Q4), +28.9% YoY; full-year revenue also record.","Net loss attributable to common stockholders $24.5M (-$0.90) vs net income $16.2M ($0.59) in Q4 2022.","Results include $45.1M non-cash loss reserve at captive insurance; excluding that, non-GAAP net income $10.0M, EPS $0.37.","Adjusted EBITDA fell 38% to $11.4M from $18.5M; company says baseline EBITDA increased to $40-50M level.","Cash and marketable securities $163.4M, up 55% YoY, no debt; quarterly dividend maintained at $0.075/share."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-021226","json":"https://secwatch.observer/filing/0001213900-24-021226.json","markdown":"https://secwatch.observer/filing/0001213900-24-021226.md","text":"https://secwatch.observer/filing/0001213900-24-021226.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1528356/000121390024021226/0001213900-24-021226-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1528356/000121390024021226/gne-20240311.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-04T23:47:07.799148+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e59df421fafe406b58feb7a976355f9370fa9e5c","claim":"Genie Energy Ltd. reported quarter ended December 31, 2023 results: revenue $104.9 million, net income Net loss attributable to Genie common stockholders of $24.5 million, EPS loss per diluted share (EPS) of $(0.90).","evidence_excerpt":"● Revenue increased 28.9 % to $ 104.9 million from $ 81.4 million; ● Gross profit decreased 3.1 % to $ 33.6 million and gross margin decreased to 32.1 % from 42.7 %; ● Loss from operations of $ 34.2 million compared to income from operations of $ 15.5 million; ο The loss in 4 Q 23 reflects a one -time $ 45.1 million non-cash charge for a loss reserve at Genie's newly established captive insurance operations; ● Adjusted EBITDA 1 decreased 38.0 % to $ 11.4 million from $ 18.5 million; ο The decrease reflects both the strong gross margin achieved at Genie Retail in 4 Q 22 and increased investment in customer acquisitions in 4 Q 23 ; ● Net loss attributable to Genie common stockholders and loss per diluted share (EPS) attributable to Genie common stockholders of $ 24.5 million and $( 0.90 ) compared to net income of $ 16.2 million and diluted earnings per share of $ 0.59 , respectively;","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1528356/000121390024021226/0001213900-24-021226-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"quarter ended December 31, 2023"},{"label":"Revenue","value":"$104.9 million"},{"label":"Net income","value":"Net loss attributable to Genie common stockholders of $24.5 million"},{"label":"EPS","value":"loss per diluted share (EPS) of $(0.90)"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}