Genie Energy, Ltd. (GNE) posted a fourth quarter net loss attributable to stockholders of $24.5 million and $0.90 per share compared to net income of $16.2 million or $0.59 per share, prior year. Non-GAAP net income was $10.0 million or $0.37 per share compared to $16.2 million and $0.59, a year ago. Adjusted EBITDA decreased 38.0% to $11.4 million from $18.5 million. Revenue increased 28.9% to $104.9 million from $81.4 million.
For 2024, the company's initial expectation is for adjusted EBITDA to be within its new baseline range of $40 million to $50 million.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
For comments and feedback contact: editorial@rttnews.com
Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.