---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-040636"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2024-05-08T23:59:59+00:00"
generated_at: "2026-06-02T09:50:22.376681+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Genie Energy Q1 revenue $119.7M (+13.7%), EPS $0.30, declares $0.075 dividend

## Summary
- Revenue $119.7M, up 13.7% YoY; gross profit $33.8M, up 1.5%.
- Income from operations $9.8M vs $11.3M YoY; adjusted EBITDA $11.7M vs $12.4M.
- EPS $0.30 (GAAP), non-GAAP EPS $0.33; prior-year Q1 included $3.2M tax credit and $3.0M from discontinued ops.
- Declared $0.075/share quarterly dividend, payable May 31, 2024 to holders of record May 20, 2024.
- Repurchased 250,000 Class B shares for $4.1M during Q1.

## SEC filing metadata
- accession: 0001213900-24-040636
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2024-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390024040636/0001213900-24-040636-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390024040636/gne-20240508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-040636
- JSON: https://secwatch.observer/filing/0001213900-24-040636.json
- Plain text: https://secwatch.observer/filing/0001213900-24-040636.txt

## Key facts
- Earnings Releases
  Genie Energy Ltd. reported the quarter ended March 31, 2024 results: revenue $119.7 million, net income $8.1 million, EPS $0.30.
  - Period: the quarter ended March 31, 2024
  - Revenue: $119.7 million
  - Net income: $8.1 million
  - EPS: $0.30
  - Result: reported results
  source text: in the press release. --- EX-99.1 (EXHIBIT 99.1) --- EX-99.1 7 ex991_1.htm EXHIBIT 99.1 Exhibit 99.1 Genie Energy A nn ounces First Quarter 2024 Results Revenue increased to $119.7 Million and Gross Profit Climbed to $33.8 Million - Both Record First Quarter Levels Income from Operations of $9.8 million, Adjusted EBITDA 1 of $11.7 Million and Earnings per Diluted
  evidence_url: https://www.sec.gov/Archives/edgar/data/1528356/000121390024040636/0001213900-24-040636-index.htm

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