GNE Q1 2024 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q1 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$120M+13.7% YoY

Gross Profit

$34M28.2% margin

Operating Income

$10M8.2% margin

Net Income

$8M6.8% margin

EPS (Diluted)

$0.30

QoQ Revenue Growth

+14.1%

Cash Flow

Operating Cash Flow

$13M

Free Cash Flow

$10M

Stock-Based Comp.

$749,000

Balance Sheet

Total Assets

$328M

Total Liabilities

$149M

Stockholders' Equity

$193M

Cash & Equivalents

$107M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$120M	$105M	+13.7%
Gross Profit	$34M	$33M	+1.5%
Operating Income	$10M	$11M	-12.6%
Net Income	$8M	$14M	-43.7%

Revenue Segments

Electricity

$89M75%

Oil and Gas

$22M19%

Product and Service, Other

$8M7%