Genie Energy (GNE) Reports Q2 EPS of $0.13

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Go back to Genie Energy (GNE) Reports Q2 EPS of $0.13

Genie Energy Ltd. Reports Second Quarter 2016 Results

August 4, 2016 7:28 AM EDT

NEWARK, N.J., Aug. 4, 2016 /PRNewswire/ -- Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported second quarter 2016 revenue of $44.0 million, net income attributable to common stockholders of $3.1 million -- $0.13 per diluted share, and Adjusted EBITDA* of $2.3 million.

2Q16 HIGHLIGHTS

Genie Retail Energy generated $5.9 million in income from operations and $6.0 million in Adjusted EBITDA on the strength of improved margins, higher commodity volumes sold, and reduced SG&A expense, compared with a loss from operations of $0.5 million and negative Adjusted EBITDA... More