Genie Energy Q2 revenue $90.7M (-3%), net income $9.6M; reaffirms FY Adj EBITDA guidance $40-50M

Genie Energy Ltd.

2024-Q2 EPS reported $0.65 revenue$210,384,000

Revenue $90.7M, down 3.0% YoY; gross profit $33.3M (-12.8%), gross margin 36.8% vs 40.9%.
Net income $9.6M ($0.36 EPS) vs $15.0M ($0.57); Adj EBITDA $12.0M vs $15.8M.
Cash & equivalents $178.3M, up from $162.4M; repurchased $2.6M in shares; quarterly dividend $0.075/share payable Aug 22.
Full year 2024 consolidated Adj EBITDA guidance reaffirmed at $40-$50M.
Genie Renewables revenue grew 7% YoY; gross margin expanded >700 bps in the segment.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.