Genie Energy (GNE) Reports Q2 Loss of $0.22

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Go back to Genie Energy (GNE) Reports Q2 Loss of $0.22

Genie Energy Ltd. Reports Second Quarter 2015 Results

August 6, 2015 7:15 AM EDT

NEWARK, NJ -- (Marketwired) -- 08/06/15 -- Genie Energy Ltd. (NYSE: GNE) (NYSE: GNEPRA) reported second quarter 2015 revenue of $39.5 million, negative Adjusted EBITDA* of $2.6 million, and a net loss attributable to common stockholders of $4.9 million ($0.22) per basic and diluted share.

Genie Energy's Afek subsidiary has completed drilling the second well of its multi-well exploratory program in Northern Israel. Hydrocarbons were found in both the first and second wells. While Afek continues to analyze the core samples... More