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Last $7.49 USD
Change Today +0.15 / 2.04%
Volume 8.6K
GNE On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

genie energy ltd-b (GNE) Snapshot

Open
$7.36
Previous Close
$7.34
Day High
$7.56
Day Low
$7.21
52 Week High
04/1/14 - $10.10
52 Week Low
01/7/15 - $5.29
Market Cap
184.0M
Average Volume 10 Days
37.9K
EPS TTM
$-1.19
Shares Outstanding
23.0M
EX-Date
03/19/15
P/E TM
--
Dividend
$0.24
Dividend Yield
1.60%
Current Stock Chart for GENIE ENERGY LTD-B (GNE)

genie energy ltd-b (GNE) Related Businessweek News

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genie energy ltd-b (GNE) Details

Genie Energy Ltd., through its subsidiary, Genie Energy International Corporation that owns interests in IDT Energy and Genie Oil and Gas, Inc., supplies electricity and natural gas to residential and small business customers primarily in the Eastern United States. It also produces transportation fuels from the oil shale and other fuel resources. The company’s resource development projects include a conventional oil and gas exploration program in Israel; and in-situ oil shale projects in Colorado, as well as Israel and Mongolia. Genie Energy Ltd. is headquartered in Newark, New Jersey.

235 Employees
Last Reported Date: 03/16/15

genie energy ltd-b (GNE) Top Compensated Officers

Chairman, Chief Executive Officer and Chairma...
Total Annual Compensation: $300.0K
President
Total Annual Compensation: $36.1K
Chief Financial Officer and Treasurer
Total Annual Compensation: $340.0K
Vice Chairman
Total Annual Compensation: $1.1M
Senior Vice President of Business Development
Total Annual Compensation: $829.0K
Compensation as of Fiscal Year 2013.

genie energy ltd-b (GNE) Key Developments

Genie Energy Declares Quarterly Dividend on Common Stock for the Fourth Quarter of 2014, Payable on or About March 31, 2015

The board of directors of Genie Energy has declared a quarterly dividend of $0.06 per share to holders of its Class A and Class B common stock for the fourth quarter of 2014. The dividend will be paid on or about March 31, 2015 to stockholders of record as of the close of business on March 23, 2015. The ex-dividend date will be March 19, 2015. 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, 2014; Reports Impairment Charges for Fourth Quarter Ended December 31, 2014

Genie Energy Ltd. reported unaudited consolidated financial results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $49.7 million compared to $67.1 million a year ago. Adjusted EBITDA was negative of $5 million compared to $0.7 million a year ago. Loss from operations was $10.7 million compared to $0.4 million a year ago. Net loss attributable to common stockholders was $10.8 million or $0.50 per diluted share compared to $0.8 million or $0.04 per diluted share a year ago. Net cash used in operating activities was $11 million compared to $1.95 million a year ago. For the full year, the company reported revenues of $275.03 million compared to $279.17 million a year ago. Adjusted EBITDA was negative of $5 million compared to $0.7 million a year ago. Loss from operations was $25.61 million compared to income from operations of $0.626 million a year ago. Loss before income taxes was $27.312 million against $2.586 million a year ago. Net loss attributable to common stockholders was $27.9 million or $1.31 per basic and diluted share compared to $7.13 million or $0.36 per basic and diluted share a year ago. Net cash used in operating activities was $19.102 million compared to net cash provided by operating activities of $1.22 million a year ago. Capital expenditures were $1.44 million compared to $0.313 million a year ago. The company reported Goodwill impairment of $3.6 million for the fourth quarter ended December 31, 2014.

Genie Retail Energy Reports Unaudited Financial Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Impairment Charges for Fourth Quarter Ended December 31, 2014

Genie Retail Energy reported unaudited financial results for the fourth quarter and full year ended December 31, 2014. The company's revenue decreased 25.9% to $49.7 million in fourth quarter from $67.1 million in the year ago quarter reflecting decreases in meters served and consumption per meter. The company generated Adjusted EBITDA of $1.4 million compared to $7.0 million in the year ago quarter primarily reflecting the reduction in natural gas gross profit and increased SG&A expense. The company generated a loss from operations of $2.1 million compared to income from operations of $6.7 million in 2013. The year over year decrease includes a non-cash goodwill impairment of $3.6 million in quarter, which reduced the carrying amount of the goodwill from Diversegy and Epiq to zero. For 2014, revenue decreased slightly to $275.0 million compared to $279.2 million in 2013 as the declines in meters served was offset by higher per unit rates. For the full year 2014, Adjusted EBITDA totaled $7.5 million compared to $26.7 million in 2013. The annual decline was driven primarily by the impact of the 'Polar Vortex' early in 2014, competitive pressures in the retail natural gas market as well as the continued investment in platforms to drive future growth such as Diversegy and Epiq. For the full year 2014, income from operations was $3.5 million compared to $25.7 million in 2013. The company reported non-cash goodwill impairment of $3.6 million in fourth quarter of 2014.

 

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