---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-094761"
form_type: "8-K"
ticker: "GNE"
cik: "0001528356"
company_name: "Genie Energy Ltd."
filed_at: "2024-11-06T23:59:59+00:00"
generated_at: "2026-05-30T04:30:27.288986+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Genie Energy Q3 revenue down 10.5% to $111.9M; EPS $0.38 vs $0.53

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-24-094761
- form_type: 8-K
- ticker: GNE
- cik: 0001528356
- company_name: Genie Energy Ltd.
- filed_at: 2024-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1528356/000121390024094761/0001213900-24-094761-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1528356/000121390024094761/gne-20241106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-094761
- JSON: https://secwatch.observer/filing/0001213900-24-094761.json
- Plain text: https://secwatch.observer/filing/0001213900-24-094761.txt

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