Genie Energy Ltd. Reports Second Quarter 2019 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/13/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Genie Energy (GNE) Misses Q2 EPS by 38c, Revenues Miss
August 5, 2019 7:36 AM EDTGenie Energy (NYSE: GNE) reported Q2 EPS of ($0.29), $0.38 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $61 million versus the consensus estimate of $67.58 million.
FINANCIAL AND OPERATIONAL HIGHLIGHTS
(Throughout this release, 2Q19 results are compared to 2Q18 results unless otherwise noted)
Global customers increased during 2Q19 by 24 thousand RCEs (+7%) to 357 thousand RCEs and by 49 thousand meters (+12%) to 448 thousand meters;Average monthly churn declined to 4.4% from 5.3% in... More