Latest news with #GenieEnergy
Business Upturn
2 days ago
- Business
- Business Upturn
Genie Energy to Report Second Quarter 2025 Results
NEWARK, NJ, July 29, 2025 (GLOBE NEWSWIRE) — Genie Energy Ltd., (NYSE: GNE), a leading retail energy and renewable energy solutions provider, will announce financial and operational results for the second quarter of 2025 on Thursday, August 7, 2025. Genie Energy will issue an earnings release over a wire service and post it in the 'Investors' section of the Genie Energy website ( at 7:30 AM Eastern. The release also will be filed in a current report (Form 8-K) with the SEC. At 8:30 AM Eastern, Genie Energy's management will host a conference call to discuss financial and operational results, business outlook, and strategy. The call will begin with management's remarks followed by Q&A with investors. To participate in the conference call, dial 1-877-545-0320 (toll-free from the US) or 1-973-528-0002 (international) and provide the following participant access code: 796824. Approximately three hours after the call, a call replay will be accessible by dialing 1-877-481-4010 (toll-free from the US) or 1-919-882-2331 (international) and providing the replay passcode: 52766. The replay will remain available through Thursday, August 21, 2025. In addition, a recording of the call will be available for playback on the Genie Energy website. In this press release, all statements that are not purely about historical facts, including, but not limited to, those in which we use the words 'believe,' 'anticipate,' 'expect,' 'plan,' 'intend,' 'estimate, 'target' and similar expressions, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. While these forward-looking statements represent our current judgment of what may happen in the future, actual results may differ materially from the results expressed or implied by these statements due to numerous important factors, including, but not limited to, those described in our most recent report on SEC Form 10-K (under the headings 'Risk Factors' and 'Management's Discussion and Analysis of Financial Condition and Results of Operations'), which may be revised or supplemented in subsequent reports on SEC Forms 10-Q and 8-K. We are under no obligation, and expressly disclaim any obligation, to update the forward-looking statements in this press release, whether as a result of new information, future events or otherwise. About Genie Energy Ltd.: Genie Energy Ltd., (NYSE: GNE) is a leading retail energy and renewable energy solutions provider. The Genie Retail Energy division (GRE) supplies electricity, including electricity from renewable resources, and natural gas to residential and small business customers in the United States. The Genie Renewables division (GREW) is a vertically-integrated provider of community and utility-scale solar energy solutions. For more information, visit Contact: Genie Energy Investor RelationsBill Ulrey E-mail: [email protected]
Yahoo
4 days ago
- Business
- Yahoo
Genie Energy Advances Strong Earnings Growth Low Volatility Investment Appeal
Genie Energy Ltd. (NYSE:GNE) is one of the . Following strong Q1 2025 earnings results, the company's top executives made a significant stock sale. A residential home with solar panels installed on its roof, showing the company's commitment to renewable energy. Genie Energy Ltd. (NYSE:GNE) is a diversified energy holding company with operations in retail electricity and natural gas supply, renewable solar solutions, and oil & gas exploration. Headquartered in New Jersey, the company operates through its subsidiaries, including Genie Retail Energy and Genie Renewables, and focuses on clean-energy services in deregulated U.S. markets. The company combines traditional energy supply with forward-looking solar projects to capture markets. On May 6, 2025, Genie Energy Ltd. (NYSE:GNE) announced its Q1 2025 earnings results. Based on the report, the company ended the quarter with approximately 413,000 meters of service after having reached a year-over-year increase of over 48,000 net new meters. Owing to this growth and a stable commodity pricing environment, the company has achieved an 18% year-over-year increase in its revenue and income from operations. Despite the strong quarter results, the company's Director Allan Sass sold 2,920 of the company's shares in a total transaction valued at $51,742. Yet the significantly low volatility with a beta of 0.15 alongside a projected EPS growth of 16.29% over five years suggests growth potential with reduced downside exposure, increasing the stock's appeal. While we acknowledge the potential of GNE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 10 Metal Stocks with Insider Buying in 2025 and 10 Energy Stocks with Insider Buying in 2025 Disclosure. None.
Yahoo
15-05-2025
- Business
- Yahoo
Should You Buy Genie Energy Ltd. (NYSE:GNE) For Its Upcoming Dividend?
Genie Energy Ltd. (NYSE:GNE) is about to trade ex-dividend in the next 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least one business day to settle. This means that investors who purchase Genie Energy's shares on or after the 19th of May will not receive the dividend, which will be paid on the 30th of May. The company's next dividend payment will be US$0.075 per share, and in the last 12 months, the company paid a total of US$0.30 per share. Looking at the last 12 months of distributions, Genie Energy has a trailing yield of approximately 1.7% on its current stock price of US$17.46. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing. We've discovered 1 warning sign about Genie Energy. View them for free. Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. That's why it's good to see Genie Energy paying out a modest 45% of its earnings. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. The good news is it paid out just 12% of its free cash flow in the last year. It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously. See our latest analysis for Genie Energy Click here to see how much of its profit Genie Energy paid out over the last 12 months. Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. That's why it's comforting to see Genie Energy's earnings have been skyrocketing, up 46% per annum for the past five years. Earnings per share have been growing very quickly, and the company is paying out a relatively low percentage of its profit and cash flow. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend. The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past 10 years, Genie Energy has increased its dividend at approximately 2.3% a year on average. It's good to see both earnings and the dividend have improved - although the former has been rising much quicker than the latter, possibly due to the company reinvesting more of its profits in growth. Should investors buy Genie Energy for the upcoming dividend? It's great that Genie Energy is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. It's disappointing to see the dividend has been cut at least once in the past, but as things stand now, the low payout ratio suggests a conservative approach to dividends, which we like. There's a lot to like about Genie Energy, and we would prioritise taking a closer look at it. While it's tempting to invest in Genie Energy for the dividends alone, you should always be mindful of the risks involved. For example - Genie Energy has 1 warning sign we think you should be aware of. A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16-04-2025
- Business
- Yahoo
Institutions own 35% of Genie Energy Ltd. (NYSE:GNE) shares but retail investors control 42% of the company
Significant control over Genie Energy by retail investors implies that the general public has more power to influence management and governance-related decisions A total of 22 investors have a majority stake in the company with 50% ownership 20% of Genie Energy is held by insiders We've discovered 1 warning sign about Genie Energy. View them for free. A look at the shareholders of Genie Energy Ltd. (NYSE:GNE) can tell us which group is most powerful. The group holding the most number of shares in the company, around 42% to be precise, is retail investors. In other words, the group stands to gain the most (or lose the most) from their investment into the company. And institutions on the other hand have a 35% ownership in the company. Institutions will often hold stock in bigger companies, and we expect to see insiders owning a noticeable percentage of the smaller ones. Let's delve deeper into each type of owner of Genie Energy, beginning with the chart below. Check out our latest analysis for Genie Energy Many institutions measure their performance against an index that approximates the local market. So they usually pay more attention to companies that are included in major indices. Genie Energy already has institutions on the share registry. Indeed, they own a respectable stake in the company. This implies the analysts working for those institutions have looked at the stock and they like it. But just like anyone else, they could be wrong. It is not uncommon to see a big share price drop if two large institutional investors try to sell out of a stock at the same time. So it is worth checking the past earnings trajectory of Genie Energy, (below). Of course, keep in mind that there are other factors to consider, too. Genie Energy is not owned by hedge funds. Looking at our data, we can see that the largest shareholder is Howard Jonas with 16% of shares outstanding. With 4.7% and 4.4% of the shares outstanding respectively, The Vanguard Group, Inc. and BlackRock, Inc. are the second and third largest shareholders. Additionally, the company's CEO Michael Stein directly holds 1.5% of the total shares outstanding. A closer look at our ownership figures suggests that the top 22 shareholders have a combined ownership of 50% implying that no single shareholder has a majority. While studying institutional ownership for a company can add value to your research, it is also a good practice to research analyst recommendations to get a deeper understand of a stock's expected performance. Our information suggests that there isn't any analyst coverage of the stock, so it is probably little known. While the precise definition of an insider can be subjective, almost everyone considers board members to be insiders. The company management answer to the board and the latter should represent the interests of shareholders. Notably, sometimes top-level managers are on the board themselves. Insider ownership is positive when it signals leadership are thinking like the true owners of the company. However, high insider ownership can also give immense power to a small group within the company. This can be negative in some circumstances. Our most recent data indicates that insiders own a reasonable proportion of Genie Energy Ltd.. It has a market capitalization of just US$408m, and insiders have US$83m worth of shares in their own names. This may suggest that the founders still own a lot of shares. You can click here to see if they have been buying or selling. With a 42% ownership, the general public, mostly comprising of individual investors, have some degree of sway over Genie Energy. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in sync with other large shareholders. While it is well worth considering the different groups that own a company, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with Genie Energy . Of course, you might find a fantastic investment by looking elsewhere. So take a peek at this free list of interesting companies. NB: Figures in this article are calculated using data from the last twelve months, which refer to the 12-month period ending on the last date of the month the financial statement is dated. This may not be consistent with full year annual report figures. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
Yahoo
16-03-2025
- Business
- Yahoo
Genie Energy Ltd (GNE) Q4 2024 Earnings Call Highlights: Strong Growth in Renewables Amid ...
Release Date: March 10, 2025 For the complete transcript of the earnings call, please refer to the full earnings call transcript. Genie Energy Ltd (NYSE:GNE) achieved the high-end of its adjusted EBITDA guidance for 2024. The company added 23,000 net new meters in the fourth quarter and over 60,000 during the full year, marking a 17% increase. GREW, the renewables business, saw gross profit increase by over 120% compared to 2023, surpassing $6 million. Diversegy, the energy procurement business, increased revenue by 70% and gross profit by 130%, generating over $750,000 in income from operations. Genie Solar completed its strategic migration to utility scale project vertical, closing its first solar financing deal, which returned approximately $7 million in cash to the balance sheet. Consolidated revenue in the fourth quarter decreased by 1.9% to $102.9 million. Electricity margins in the fourth quarter were lower than in the year-ago quarter due to a migration toward fixed price meters. Fourth quarter revenue at GREW decreased by 30.1% to $4.5 million. Consolidated adjusted EBITDA decreased by 2.8% to $11.1 million, driven by a reduction at GRE. The consolidated net loss attributable to Genie common shareholders decreased to $0.0058 per share from $0.009 per share a year earlier. Warning! GuruFocus has detected 4 Warning Signs with GNE. Q: Can you provide an overview of Genie Energy's performance in 2024 and expectations for 2025? A: Michael Stein, CEO, highlighted that Genie Energy finished 2024 with a solid fourth quarter across both retail and renewables businesses. The company achieved the high-end of its adjusted EBITDA guidance, adding 23,000 net new meters in Q4 and over 60,000 for the year. Looking ahead, Genie Energy expects to continue building its meter book in 2025, with growth opportunities in Texas and California, among other markets. Q: How did the renewables business, GREW, perform in 2024? A: Michael Stein, CEO, stated that GREW made tremendous progress in 2024, with gross profit increasing by over 120% compared to 2023, surpassing $6 million. The company held SG&A increases to single digits, significantly improving GREW's bottom line performance. The renewables business also includes Roded, an environmental tech recycling business, which began generating its first revenues. Q: What strategic shifts occurred at Genie Solar in 2024? A: Michael Stein, CEO, explained that Genie Solar completed its strategic migration to utility-scale project verticals, allowing the company to capture long-term residual value from power generation. In Q4, Genie Solar closed its first solar financing deal, returning approximately $7 million in cash to the balance sheet. The company plans to use similar asset-backed finance deals to boost returns on equity. Q: Can you discuss the financial results for the fourth quarter of 2024? A: Avraham Goldin, CFO, reported that consolidated revenue decreased by 1.9% to $102.9 million. GRE's revenue remained unchanged at $98.4 million, while GREW's revenue decreased by 30.1% to $4.5 million. Consolidated gross profit was $33.5 million, with a gross margin of 32.5%. The consolidated loss from operations decreased by 39.2% year-over-year to $20.8 million. Q: What are the expectations for Genie Energy's financial performance in 2025? A: Michael Stein, CEO, stated that for 2025, Genie Energy maintains its annual consolidated adjusted EBITDA guidance at $40 million to $50 million. The company expects to continue building cash reserves, opportunistically buy back stock, and pay dividends while investing in growth across both new and established businesses. For the complete transcript of the earnings call, please refer to the full earnings call transcript. This article first appeared on GuruFocus. Sign in to access your portfolio
