secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2024-05-08T23:59:59+00:00
Accession:  0001213900-24-040636
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024040636/0001213900-24-040636-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024040636/gne-20240508.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-040636

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