---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-065370"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:14:53.069376+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-065370
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2024-08-06T23:59:59+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/1528356/000121390024065370/0001213900-24-065370-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390024065370/gne-20240806.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-065370
- JSON: https://secwatch.observer/filing/0001213900-24-065370.json
- Plain text: https://secwatch.observer/filing/0001213900-24-065370.txt

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