GNE Q3 2024 Earnings — Genie Energy Ltd. Revenue & Financial Results | Market Cap Arena

GNEGenie Energy Ltd.

$388M

Q3 2024 Earnings

Utilities Regulated Electric

Income Statement

Revenue

$112M-10.5% YoY

Gross Profit

$38M33.9% margin

Operating Income

$12M10.4% margin

Net Income

$10M9.1% margin

EPS (Diluted)

$0.38

QoQ Revenue Growth

+23.4%

Cash Flow

Operating Cash Flow

$24M

Free Cash Flow

$22M

Stock-Based Comp.

$0

Balance Sheet

Total Assets

$342M

Total Liabilities

$141M

Stockholders' Equity

$211M

Cash & Equivalents

$136M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$112M	$125M	-10.5%
Gross Profit	$38M	$41M	-7.7%
Operating Income	$12M	$18M	-34.7%
Net Income	$10M	$14M	-29.5%

Revenue Segments

Electricity

$101M90%

Product and Service, Other

$6M6%

Oil and Gas

$5M5%