secwatch.observer — SEC 8-K summary
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Issuer:     Genie Energy Ltd. (GNE)
CIK:        0001528356
Form:       8-K
Filed at:   2024-11-06T23:59:59+00:00
Accession:  0001213900-24-094761
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024094761/0001213900-24-094761-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528356/000121390024094761/gne-20241106.htm
  HTML page:      https://secwatch.observer/filing/0001213900-24-094761

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer