Genie Energy reports Q1 EPS 33c vs. 54c last year

Reports Q1 revenue $119.7M vs. $105.3M last year. “We reported record first quarter revenue and gross profits, led by Genie Retail Energy, or GRE, which continued to drive the overall business with higher meter counts and strong natural gas margins. Genie Renewables, or GREW, also had a strong quarter as several third-party solar projects hit construction milestones, leading to record segment gross profits and gross margins. We also repurchased 250,000 shares of GNE stock – about 1% of shares outstanding – during the quarter while continuing our quarterly dividend.”