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Genie Energy Ltd Class B Commo (GNE)
NYSE:GNE
Earnings Data
Report Date
May 12, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
―Last Year’s EPS
0.3Same Quarter Last Year
Based on 0 Analysts Ratings
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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.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.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.
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GNE Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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GNE Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 10, 2025 | $14.78 | $14.15 | -4.26% |
| Nov 06, 2024 | $15.52 | $16.66 | +7.35% |
| Aug 06, 2024 | $15.21 | $14.94 | -1.78% |
| May 08, 2024 | $15.58 | $14.50 | -6.93% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Genie Energy Ltd Class B Commo (GNE) report earnings?
Genie Energy Ltd Class B Commo (GNE) is schdueled to report earning on May 12, 2025, TBA Not Confirmed.
What is Genie Energy Ltd Class B Commo (GNE) earnings time?
Genie Energy Ltd Class B Commo (GNE) earnings time is at May 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GNE EPS forecast?
Currently, no data Available
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