GNE Q2 2023 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q2 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$93M+39.6% YoY

Gross Profit

$38M40.9% margin

Operating Income

$15M16.1% margin

Net Income

$15M16.2% margin

EPS (Diluted)

$0.57

QoQ Revenue Growth

-11.2%

Cash Flow

Operating Cash Flow

$9M

Free Cash Flow

$9M

Stock-Based Comp.

$749,000

Balance Sheet

Total Assets

$286M

Total Liabilities

$90M

Stockholders' Equity

$209M

Cash & Equivalents

$111M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$93M	$67M	+39.6%
Gross Profit	$38M	$30M	+28.1%
Operating Income	$15M	$12M	+27.7%
Net Income	$15M	$34M	-56.0%

Revenue Segments

Genie Retail Energy

$90M96%

Genie Energy Services

$4M4%