Genie Energy reports Q4 EPS 24c vs 37c last year

Reports Q4 revenue $102.9M vs $104.9M last year. Michael Stein, CEO commented, “Genie finished 2024 with a solid fourth quarter across both our retail and renewables businesses, even as we continued to invest significantly in growth initiatives. For the full year, we achieved the high end of our Adjusted EBITDA guidance. At GRE, we delivered a strong financial performance throughout the year. In the fourth quarter we capitalized on favorable market dynamics to ramp up our investment in customer acquisition, adding over 23,000 net meters. For the full year, we increased meters by over 60,000, or nearly 17%.”