GNE Q3 2023 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q3 2023 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$125M+53.8% YoY

Gross Profit

$41M32.9% margin

Operating Income

$18M14.3% margin

Net Income

$14M11.6% margin

EPS (Diluted)

$0.53

QoQ Revenue Growth

+33.8%

Cash Flow

Operating Cash Flow

$32M

Free Cash Flow

$31M

Stock-Based Comp.

$606,000

Balance Sheet

Total Assets

$316M

Total Liabilities

$108M

Stockholders' Equity

$221M

Cash & Equivalents

$140M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$125M	$81M	+53.8%
Gross Profit	$41M	$43M	-4.8%
Operating Income	$18M	$24M	-24.0%
Net Income	$14M	$19M	-23.0%

Revenue Segments

Electricity

$114M91%

Product and Service, Other

$6M5%

Oil and Gas

$5M4%