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Genie Energy Announces Second Quarter 2021 Results

Genie Energy Announces Second Quarter 2021 Results
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Genie Energy Ltd. Reports First Quarter 2021 Results

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NEWARK, N.J., May 6, 2021 /PRNewswire/ Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported record revenue of $135.3 million and a loss per diluted share of $0.09 for the first quarter 2021.
CONSOLIDATED HIGHLIGHTS
(Throughout this release, 1Q21 results are compared to 1Q20 results unless otherwise noted)
Global RCEs served increased by 49,000 or 12.1% year over to year to 450,000. Global meters served increased by 40,000 or 7.6% year over to year to 572,000.
Consolidated revenue increased 30.1% to $135.3 million from $104.1 million driven by increased per meter consumption in domestic markets and by the consolidation of Orbit Energy during 4Q20.
Genie Retail Energy (GRE), Genie s domestic retail energy supply business, generated income from operations of $1.2 million compared to $13.0 million in 1Q20. The 1Q21 results reflect a negative impact of approximately $13.0 million attributable to the impact of a severe ....

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Genie Energy Ltd (GNE) Q1 2021 Earnings Call Transcript

Genie Energy Ltd (GNE) Q1 2021 Earnings Call Transcript
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Good morning and welcome to Genie Energy s First Quarter 2021 Earnings Call. [Operator Instructions]
On this morning s call, Michael Stein, Genie Energy s Chief Executive Officer and Avi Goldin, Genie Energy s Chief Financial Officer will discuss operational and financial results for the three-month period ended March 31, 2021.
Any forward-looking statements made during this conference call, either in the prepared remarks or in the Q&A session, whether general or specific in nature, are subject to risks and uncertainties that may cause actual results to differ materially from those which the company anticipates. These risks and uncertainties include, but are not limited to, specific risks and uncertainties discussed in the reports that Genie Ene ....

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Genie Energy Ltd. Reports Fourth Quarter and Full Year 2020 Results

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NEWARK, N.J., March 11, 2021 /PRNewswire/ Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2020 loss of $0.06 per diluted share on revenue of $102.9 million, and full year 2020 earnings of $0.44 per diluted share on revenue of $379.3 million.
4Q20 AND FULL YEAR 2020 FINANCIAL AND OPERATIONAL HIGHLIGHTS
(Throughout this release, 4Q20 results are compared to 4Q19 results and FY 2020 results are compared to FY 2019 results unless otherwise noted)
4Q20 consolidated revenue increased 25.5% to $102.9 million. Full year 2020 consolidated revenue increased 20.3% to a company record of $379.3 million.
4Q20 consolidated loss from operations was $1.1 million compared to income from operations of $2.3 million in 4Q19. 4Q20 consolidated Adjusted EBITDA ....

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Genie Energy Ltd (GNE) Q4 2020 Earnings Call Transcript

Genie Energy Ltd (GNE) Q4 2020 Earnings Call Transcript
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