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Genie Energy Ltd Class B Commo (GNE)
NYSE:GNE
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Genie Energy Commo
(NYSE:GNE)
74Outperform
Genie Energy Commo (GNE) vs. S&P 500 (SPY)
Market Cap
$407.84M
Dividend Yield1.99%
Average Volume (3M)80.75K
Price to Earnings (P/E)32.6
Beta (1Y)0.44
Revenue Growth-0.82%
EPS Growth-39.38%
CountryUS
Employees152
SectorUtilities
Sector Strength82
IndustryRegulated Electric
Share Statistics
EPS (TTM)0.47
Shares Outstanding25,435,417
10 Day Avg. Volume72,776
30 Day Avg. Volume80,746
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.94
Price to Cash Flow (P/CF)7.70
P/FCF Ratio7.70
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Genie Energy Commo Business Overview & Revenue Model
Company DescriptionGenie Energy Ltd., through its subsidiaries, supplies electricity and natural gas to residential and small business customers in the United States, Finland, Sweden, Japan, and internationally. It operates in three segments: Genie Retail Energy (GRE); GRE International; and Genie Renewables. The company also engages in the provision of energy advisory and brokerage services; solar panel manufacturing and distribution; solar installation design; and project management activities. Genie Energy Ltd. was incorporated in 2011 and is headquartered in Newark, New Jersey.
How the Company Makes MoneyGenie Energy makes money primarily through its retail energy supply operations under the Genie Retail Energy (GRE) segment. This involves purchasing electricity and natural gas on wholesale markets and selling them to retail customers at a markup in deregulated markets. The revenue is generated from the difference between the wholesale purchase price and the retail selling price, as well as through customer service fees. Additionally, the Genie Renewables segment contributes to revenue through the development, construction, and operation of solar energy projects, which may include selling electricity generated from these projects or selling the projects themselves upon completion. Significant earnings factors include market prices for energy, regulatory environments, and customer acquisition and retention strategies.
Genie Energy Commo Financial Statement Overview
Summary
Genie Energy shows strong financial health with zero debt, stable profitability, and robust cash flow generation. Despite a slight decline in revenue growth, the company's operational efficiency and financial stability are commendable.Income Statement
The income statement shows a stable gross profit margin with a slight decrease in revenue in 2024. Net income increased, improving net profit margin. The EBIT and EBITDA margins are relatively stable, indicating good operational efficiency. However, the revenue growth rate shows slight decline compared to previous years.75
Positive
Balance Sheet
The company maintains a strong equity position with no debt in 2024, resulting in a debt-to-equity ratio of zero, which suggests financial stability. The return on equity remains healthy, indicating effective use of shareholder funds. The equity ratio is strong, reflecting a solid asset base supported by equity.85
Very Positive
Cash Flow
Operating cash flow is robust and exceeds net income, indicating strong cash generation capabilities. Free cash flow remained stable with consistent capital expenditures. However, free cash flow growth is minimal, which could suggest limited expansion in cash reserves.80
Positive
| Breakdown | ||||
| Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 |
|---|---|---|---|---|
| Income Statement | Total Revenue | |||
| 425.20M | 428.71M | 315.54M | 363.73M | 379.31M | Gross Profit |
| 138.48M | 146.21M | 154.78M | 104.86M | 97.69M | EBIT |
| 11.29M | 10.01M | 77.75M | 33.09M | 19.34M | EBITDA |
| 21.22M | 18.67M | 78.04M | 24.52M | 25.72M | Net Income Common Stockholders |
| 12.59M | 19.54M | 56.49M | 29.21M | 13.15M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | |||
| 104.81M | 108.00M | 99.06M | 96.83M | 42.00M | Total Assets |
| 371.27M | 330.56M | 277.62M | 229.01M | 187.34M | Total Debt |
| 9.25M | 309.00K | 1.95M | 1.72M | 1.45M | Net Debt |
| -95.21M | -107.30M | -96.62M | -93.77M | -35.46M | Total Liabilities |
| 191.72M | 146.05M | 103.97M | 116.66M | 101.26M | Stockholders Equity |
| 190.51M | 197.24M | 187.12M | 124.85M | 98.09M |
| Cash Flow | Free Cash Flow | |||
| 53.56M | 53.45M | 79.67M | 66.87M | 22.95M | Operating Cash Flow |
| 60.26M | 62.48M | 80.68M | 66.99M | 23.12M | Investing Cash Flow |
| -16.04M | 13.64M | -49.32M | 2.69M | -3.03M | Financing Cash Flow |
| -15.75M | -15.16M | -25.52M | -5.67M | -15.19M |
Genie Energy Commo Technical Analysis
Positive
15.10
Price Trends
14.47
Positive
14.85
Positive
15.36
Negative
Market Momentum
0.15
Negative
57.61
Neutral
63.33
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNE, the sentiment is Positive. The current price of 15.1 is above the 20-day moving average (MA) of 14.65, above the 50-day MA of 14.47, and below the 200-day MA of 15.36, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 57.61 is Neutral, neither overbought nor oversold. The STOCH value of 63.33 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GNE.
Genie Energy Commo Risk Analysis
Genie Energy Commo disclosed 31 risk factors in its most recent earnings report. Genie Energy Commo reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Genie Energy Commo Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.95B | 24.32 | 9.00% | 1.96% | 17.72% | 11.33% | |
76 Outperform | $7.06B | 12.91 | 12.22% | 4.56% | -14.01% | ― | |
74 Outperform | $407.84M | 32.59 | 7.99% | 1.99% | -0.82% | -39.38% | |
69 Neutral | $1.37B | 20.04 | 12.63% | 6.11% | -4.50% | -33.18% | |
66 Neutral | $4.95B | 14.87 | 15.15% | 3.52% | 9.18% | 36.67% | |
65 Neutral | $7.14B | 82.82 | -0.36% | 2.59% | -10.64% | -102.62% | |
65 Neutral | $12.09B | 16.10 | 6.13% | 4.37% | 5.50% | -7.50% |
* Utilities Sector Average
Performance Comparison
GNE
Genie Energy Commo
15.10
-0.40
-2.58%
CPK
Chesapeake Utilities
128.00
23.74
22.77%
NFG
National Fuel Gas Company
78.80
26.84
51.66%
NJR
New Jersey Resources
49.37
8.30
20.21%
SPH
Suburban Propane
21.26
1.58
8.03%
UGI
UGI
32.86
10.18
44.89%
Genie Energy Commo Earnings Call Summary
Earnings Call Date: Mar 10, 2025 | % Change Since: 2.17% | Next Earnings Date: May 12, 2025
Earnings Call Sentiment Neutral
Genie Energy reported a strong performance in terms of growth in renewables and strategic advancements in solar projects, along with a robust cash position. However, there were challenges such as decreased revenue and profit margins, and continued losses in renewable segments. The company still managed to maintain a positive outlook with strategic investments and growth initiatives.Highlights
Strong Full-Year Performance
Achieved high-end of adjusted EBITDA guidance for 2024. GRE added 23,000 net new meters in the fourth quarter and over 60,000 during the full year, marking an increase of nearly 17%.
Growth in Renewables
GREW's gross profit increased by over 120% compared to 2023, surpassing $6 million. Diversegy's revenue grew by 70%, and gross profit by 130%, generating over $750,000 in income from operations.
Strategic Advancements in Solar
Completed migration to utility scale project vertical, closed first solar financing deal returning approximately $7 million in cash, and expect to complete construction of a community solar project in 2025.
Solid Financial Position
Consolidated net income attributable to Genie common stockholders was $12.6 million, with cash, cash equivalents, and marketable securities totaling $201 million, an increase of $37.6 million over the year.
Lowlights
Decreased Revenue and Profit Margins
Consolidated revenue decreased by 0.8% to $425.2 million, and consolidated gross profit decreased by 5.3% to $138.5 million. Gross margin decreased by 150 basis points to 32.6%.
Electricity Sales Pressure
Electricity revenue at GRE was unchanged, and margin compression on electricity sales led to a decrease in gross profit by 1.8% to $31.9 million.
Losses in Renewable Segments
The renewable segment GREW's loss from operations improved but was still at $3 million, with an adjusted EBITDA loss of $2.2 million.
Company Guidance
During the earnings call for Genie Energy Limited's fourth quarter and full-year 2024 results, the company provided several key metrics and guidance for the coming year. For 2024, Genie achieved the high-end of its adjusted EBITDA guidance, with a consolidated adjusted EBITDA of $48.5 million compared to $58.2 million in 2023. The company reported consolidated revenue of $425.2 million, a slight decrease of 0.8% from the previous year, and consolidated gross profit of $138.5 million, down 5.3%. Despite these decreases, Genie managed to strengthen its balance sheet, increasing its cash and marketable securities to $201 million, a $37.6 million rise over the year. The company also repurchased 661,000 shares for $10.4 million and paid $8.2 million in dividends. Looking forward, Genie maintains its annual consolidated adjusted EBITDA guidance for 2025 at $40 million to $50 million, with plans to continue building cash reserves, buying back stock, and paying dividends while investing in growth.Genie Energy Commo Corporate Events
Dividends
Genie Energy Announces Dividend for Fourth Quarter
Neutral
Feb 5, 2025
On February 5, 2025, Genie Energy Ltd. announced a cash dividend of $0.075 per share for its Class A and Class B common stock, payable for the fourth quarter of 2024. The dividend will be distributed on or about February 26, 2025, to stockholders recorded by February 18, 2025, providing ordinary dividend tax treatment.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.