May 01, 2016 2:42 PM ET

Electric Utilities

Company Overview of Genie Energy Ltd.

Company Overview

Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider and a developer of an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Afek Oil and Gas, Ltd.; and Genie Oil and Gas. It resells electricity and natural gas to residential and small business customers primarily in the Mid-Atlantic and Midwestern United States. The company also has 86.5% in the southern portion of the Golan Heights in Northern Israel; has 88.4% interest in an oil shale exploration project in Central Mongolia; holds and manages a 41.3% interest in an oil shale development project in Colorado; and has an 86.1% interest in an oil shale development p...

520 Broad Street

Newark, NJ 07102

United States

Founded in 2001

216 Employees

Phone:

973-438-3500

Fax:

973-438-1256

Key Executives for Genie Energy Ltd.

Chairman, Chief Executive Officer and Chairman of Nominating Committee
Age: 59
Total Annual Compensation: $360.0K
Chief Financial Officer and Treasurer
Age: 38
Total Annual Compensation: $370.3K
Vice Chairman and Chief Executive Officer of Genie Oil E&P
Age: 44
Total Annual Compensation: $978.2K
Executive Vice President, Director of Global Exploration & Business Development and Chief Executive Officer of Genie Oil Development
Age: 31
Total Annual Compensation: $202.1K
Executive Vice President and Chief Executive Officer of Genie Retail Energy
Age: 31
Total Annual Compensation: $175.0K
Compensation as of Fiscal Year 2014.

Genie Energy Ltd. Key Developments

Genie Energy Ltd. Declares First Quarter 2016 Dividend on Preferred Stock, Payable on May 16, 2016

The board of directors of Genie Energy Ltd. declared a first quarter 2016 dividend of $0.1594 per share of its Series 2012-A Preferred Stock. The dividend will be paid on May 16, 2016 to preferred stockholders of record as of the close of business on May 6, 2016. The ex-dividend date is May 4, 2016. The distribution will be treated as a return of capital for tax purposes.

Genie Energy Ltd. Reports Unaudited Consolidated Financial Results for the Fourth Quarter and Full Year Ended December 31, 2015

Genie Energy Ltd. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2015. For the quarter, the company reported revenues of $43.9 million compared to $49.7 million a year ago. Adjusted EBITDA was negative $2.4 million compared to $5.0 million a year ago. Loss from operations was $3.7 million compared to $10.7 million a year ago. Net loss attributable to common stockholders was $4.2 million or $0.19 per diluted share compared to $10.8 million or $0.50 per diluted share a year ago. Net cash used in operating activities was $3.6 million compared to $11.0 million a year ago. For the full year, the company reported revenues of $210.1 million compared to $275.0 million a year ago. Adjusted EBITDA was negative of $0.2 million compared to $11.4 million a year ago. Loss from operations was $5.9 million compared to $25.6 million a year ago. Net loss attributable to common stockholders was $8.9 million or $0.40 per basic and diluted share compared to $27.9 million or $1.31 per basic and diluted share a year ago. Net cash used in operating activities was $3.1 million compared to $19.1 million a year ago. Capital expenditures were $324,000 compared to $1,437,0000 a year ago.

Genie Energy Ltd. to Report Q4, 2015 Results on Mar 09, 2016

Genie Energy Ltd. announced that they will report Q4, 2015 results at 8:30 AM, US Eastern Standard Time on Mar 09, 2016

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