secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2024-08-06T23:59:59+00:00
Accession:  0001213900-24-065370
Event type: earnings
Sentiment:  neutral
Materiality: 0.60
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024065370/0001213900-24-065370-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024065370/gne-20240806.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-065370

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