GNE Q2 2024 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q2 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$91M-3.0% YoY

Gross Profit

$33M36.8% margin

Operating Income

$11M11.6% margin

Net Income

$10M10.6% margin

EPS (Diluted)

$0.36

QoQ Revenue Growth

-24.2%

Cash Flow

Operating Cash Flow

$20M

Free Cash Flow

$20M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$323M

Total Liabilities

$133M

Stockholders' Equity

$202M

Cash & Equivalents

$122M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$91M	$93M	-3.0%
Gross Profit	$33M	$38M	-12.8%
Operating Income	$11M	$15M	-29.7%
Net Income	$10M	$15M	-36.6%

Revenue Segments

Electricity

$78M86%

Oil and Gas

$8M9%

Product and Service, Other

$4M4%