---
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"
generated_at: "2026-06-04T23:47:07.799148+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Genie Energy Q4 revenue up 28.9% to $104.9M, net loss $24.5M due to $45.1M one-time charge

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-021226
- JSON: https://secwatch.observer/filing/0001213900-24-021226.json
- Plain text: https://secwatch.observer/filing/0001213900-24-021226.txt

## Key facts
- Earnings Releases
  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).
  - Period: quarter ended December 31, 2023
  - 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)
  - Result: reported results
  source text: ● 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_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390024021226/0001213900-24-021226-index.htm

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