Genie Energy Announces Fourth Quarter and Full Year 2023 Results [Yahoo! Finance]
Genie Energy Ltd. Class B Stock (GNE)
Last genie energy ltd. class b stock earnings: 11/8 07:30 am
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Source: Yahoo! Finance
Cash and cash equivalents, short and long-term restricted cash, and marketable equity securities increased 55% year-over-year to $163.4 million with no debt outstanding Newark, NJ , March 11, 2024 (GLOBE NEWSWIRE) -- Genie Energy, Ltd. (NYSE: GNE), a leading retail energy and renewable energy solutions provider, today announced results for the fourth quarter and full year ended December 31, 2023. Michael Stein, chief executive officer of Genie Energy, commented: "Genie finished a strong year with record fourth quarter and full-year revenue. After reducing our retail customer exposure in 2022, which led to incredible but unsustainable profitability, we returned to customer acquisition mode in 2023, growing both RCEs and meters by over 30%. Through our portfolio management moves we made in 2022 and the customer growth in 2023, we increased our baseline Adjusted EBITDA from the $25 to $30 million level we generated just a few years ago to the $40 to $50 million level. “We also c
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GNE
Sec Filings
- 4/9/24 - Form 4
- 4/1/24 - Form DEF
- 3/13/24 - Form 8-K
- GNE's page on the SEC website