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September 05, 2015 4:21 AM ET

Electric Utilities

Company Overview of Genie Energy Ltd.

Company Overview

Genie Energy Ltd., through its subsidiary, Genie Energy International Corporation, operates as a retail energy provider and a developer of an oil and gas exploration company. The company operates through two segments, Genie Retail Energy and Genie Oil and Gas. The Genie Retail Energy segment resells electricity and natural gas to residential and small business customers primarily in the Eastern United States. The Genie Oil and Gas segment operates an exploration project in the southern portion of the Golan Heights in Northern Israel; has an 89.9% interest in an oil shale exploration project in Central Mongolia; holds and manages a 43.1% interest in an oil shale development project in Colorad...

550 Broad Street

Newark, NJ 07102

United States

Founded in 2001

235 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
President
Age: 54
Total Annual Compensation: $36.1K
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
Compensation as of Fiscal Year 2014.

Genie Energy Ltd. Key Developments

Genie Energy Ltd. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2015

Genie Energy Ltd. reported unaudited consolidated earnings results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $39.5 million and net loss attributable to the company’s common stockholders of $4.9 million or $0.22 per basic and diluted share compared to revenue of $48.8 million and a net loss attributable to the company’s common stockholders of $5.2 million or $0.24 per basic and diluted share a year ago. Loss from operations was $4,332,000 against $4,344,000 a year ago. Loss before income taxes was $4,930,000 compared to $4,873,000 a year ago. Adjusted LBITDA was $2,622,000 compared to $2,591,000 a year ago. Net cash provided by operating activities was $5.8 million compared to $22.6 million in 2014. For the six months, the company reported total revenues of $113,956,000 against $179,158,000 a year ago. Net loss attributable to the company’s common stockholders was $7,248,000 or $0.33 per basic and diluted share compared to $12,268,000 or $0.58 per basic and diluted share a year ago. Loss from operations was $6,047,000 against $10,837,000 a year ago. Loss before income taxes was $7,269,000 against $12,202,000 a year ago. Net cash used in operating activities was $3,461,000 against $7,102,000 a year ago. Capital expenditures were $304,000 against $766,000 a year ago. Adjusted LBITDA was $2,996,000 against $7,215,000 a year ago.

Genie Energy Ltd. to Report Q2, 2015 Results on Aug 06, 2015

Genie Energy Ltd. announced that they will report Q2, 2015 results at 8:30 AM, US Eastern Standard Time on Aug 06, 2015

Genie Energy Ltd., Q2 2015 Earnings Call, Aug 06, 2015

Genie Energy Ltd., Q2 2015 Earnings Call, Aug 06, 2015

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