earnings
confidence high
sentiment neutral
materiality 0.65
Genie Energy Q3 revenue down 10.5% to $111.9M; EPS $0.38 vs $0.53
Genie Energy Ltd.
2024-Q3 EPS reported
$1.03
revenue$322,300,000
- Revenue $111.9M (down 10.5% YoY); gross margin improved to 33.9% from 32.9%.
- Net income $10.2M ($0.38 diluted EPS) vs $14.5M ($0.53) in prior year.
- Adjusted EBITDA $13.6M vs $18.5M; on track for high end of FY guidance $40-50M.
- Added 36,000 net retail meters; Diversegy nearly doubled revenue, turned EBITDA positive.
- Repurchased 123k shares for $2.0M; declared $0.075/share quarterly dividend.