Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc. The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. and Residents Energy, Inc., and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers. The Afek segment operates an oil and gas exploration project. The GOGAS segment is an oil and gas exploration company. The GOGAS segment consists of early-stage oil shale projects, including its interest in Genie Mongolia, Inc., an oil shale exploration project; American Shale Oil Corporation, which holds and manages an interest in AMSO, LLC, an oil shale development project, and Israel Energy Initiatives, Ltd., an oil shale development project.

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Employee Rating

3.9More
TypePublic
HQNewark, US
Size (employees)188 (est)+5%
Websitegenie.com
Genie Energy is headquartered in Newark, US
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Key People/Management at Genie Energy

Howard Jonas

Howard Jonas

Chairman of the Board
Michael Stein

Michael Stein

Chief Executive Officer of Genie Energy; Chief Executive Officer of Genie Retail Energy
Avi Goldin

Avi Goldin

CFO
Geoffrey Rochwarger

Geoffrey Rochwarger

Vice Chairman and CEO of Genie Oil E&P
Michael Jonas

Michael Jonas

Executive Vice President and Director of Global Exploration and Business Development
Efraim Effie Eitam

Efraim Effie Eitam

President of Genie Oil and Gas
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Genie Energy Office Locations

Genie Energy has an office in Newark
Newark, US (HQ)
520 Broad St
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Genie Energy Financials and Metrics

Genie Energy Revenue

Genie Energy's revenue was reported to be $264.20 m in FY, 2017
USD

Revenue (Q3, 2018)

71.8m

Gross profit (Q3, 2018)

21.3m

Gross profit margin (Q3, 2018), %

29.6%

Net income (Q3, 2018)

5.7m

EBIT (Q3, 2018)

6.0m

Market capitalization (14-Dec-2018)

198.0m

Closing stock price (14-Dec-2018)

7.4

Cash (30-Sep-2018)

45.9m
Genie Energy's current market capitalization is $198 m.
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Revenue

279.2m275.0m210.1m212.1m264.2m

Revenue growth, %

258%(24%)1%

Cost of goods sold

213.4m141.0m135.2m178.7m

Gross profit

65.8m69.1m76.9m85.5m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Revenue

71.6m130.3m48.8m46.2m74.4m39.5m52.2m58.1m44.0m57.2m69.4m50.2m69.5m89.3m56.4m71.8m

Cost of goods sold

51.7m120.5m37.4m28.4m25.6m30.4m33.3m25.2m36.9m45.8m38.1m47.7m64.8m40.4m50.6m

Gross profit

19.9m9.9m11.5m17.8m14.0m21.8m24.9m18.8m20.2m23.6m12.1m21.8m24.5m16.1m21.3m

Gross profit Margin, %

28%8%23%39%35%42%43%43%35%34%24%31%27%28%30%
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Cash

73.9m71.9m38.8m35.2m29.9m

Accounts Receivable

Inventories

3.3m11.2m11.4m6.0m4.0m

Current Assets

146.1m142.4m114.6m97.8m90.2m
Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Cash

71.8m46.4m67.8m86.2m56.0m56.0m48.4m37.9m38.9m42.3m36.0m33.4m29.4m36.7m43.2m45.9m

Accounts Receivable

1.6m

Inventories

3.5m651.0k4.7m9.0m8.5m9.9m11.6m6.8m7.3m6.8m6.9m4.7m4.9m5.7m7.8m7.9m

Current Assets

135.7m144.8m121.3m145.0m137.9m124.8m121.2m108.2m110.7m105.0m97.8m88.2m80.2m89.9m91.8m101.0m
Annual
USDFY, 2013FY, 2014FY, 2015FY, 2016FY, 2017

Net Income

(5.3m)(27.4m)(8.6m)(32.2m)(8.6m)

Depreciation and Amortization

110.0k132.0k428.0k581.0k2.1m

Inventories

(700.0k)(7.8m)(274.0k)5.7m2.0m

Accounts Payable

Quarterly
USDQ3, 2013Q1, 2014Q2, 2014Q3, 2014Q1, 2015Q2, 2015Q3, 2015Q1, 2016Q2, 2016Q3, 2016Q1, 2017Q2, 2017Q3, 2017Q1, 2018Q2, 2018Q3, 2018

Net Income

(4.2m)(7.1m)(12.2m)(17.0m)(2.4m)(7.2m)(4.5m)5.7m7.8m(30.9m)3.0m(8.8m)(7.8m)5.9m3.4m9.0m

Depreciation and Amortization

80.0k29.0k59.0k92.0k104.0k219.0k326.0k97.0k196.0k294.0k470.0k1.0m1.5m594.0k1.2m1.6m

Inventories

(834.0k)2.7m(1.4m)(5.6m)2.6m1.2m(445.0k)4.6m4.1m4.6m(933.0k)1.3m1.1m(1.7m)(3.8m)(3.9m)

Cash From Operating Activities

(683.0k)(29.7m)(7.1m)(8.1m)(9.3m)(3.5m)560.0k9.1m13.3m11.6m3.6m(3.3m)3.4m8.6m12.1m20.2m
USDY, 2018

Financial Leverage

1.7 x
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Genie Energy News and Updates

Genie Energy Ltd. Reports Third Quarter 2018 Results

NEWARK, N.J., Nov. 5, 2018 /PRNewswire/ -- Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported third quarter 2018 net income of $0.21 per share on revenue of $71.8 million. FINANCIAL AND OPERATIONAL HIGHLIGHTS (Throughout this release, 3Q18 results are compared to 3Q17 results unless otherwise ...

Genie Energy Completes Acquisition of U.S. Solar Solutions Company

NEWARK, N.J., Oct. 31, 2018 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA) a leading independent provider of energy and related services, today announced that it has acquired a majority stake in Prism Solar Technologies (Prism), representing the first step in Genie's partnership...

Genie Energy Nears Completion of Strategic Transition to Retail Energy Business Model

NEWARK, N.J., Sept. 6, 2018 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA) a leading independent retail energy provider, today announced that it has substantially completed its strategic transition to a retail energy provider model with an investment in a domestic solar energy...

Genie Energy (GNE) to Report Second Quarter 2018 Results

NEWARK, N.J., July 25, 2018 /PRNewswire/ -- Genie Energy Ltd., (NYSE: GNE, GNEPRA) a leading independent retail energy provider, plans to announce financial results for the second quarter 2018 on Monday, August 6th. Genie Energy will issue an earnings release over a wire service and post...
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Genie Energy Company Life and Culture

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Genie Energy Frequently Asked Questions

  • Who are Genie Energy key executives?

    Genie Energy's key executives are Howard Jonas, Michael Stein and Avi Goldin.

  • How many employees does Genie Energy have?

    Genie Energy has 188 employees.

  • What is Genie Energy revenue?

    Latest Genie Energy annual revenue is $264.2 m.

  • What is Genie Energy revenue per employee?

    Latest Genie Energy revenue per employee is $1.4 m.

  • Who are Genie Energy competitors?

    Competitors of Genie Energy include Soco International, Enable Midstream Partners and Clean Energy Fuels.

  • Where is Genie Energy headquarters?

    Genie Energy headquarters is located at 520 Broad St, Newark.

  • Where are Genie Energy offices?

    Genie Energy has an office in Newark.

  • How many offices does Genie Energy have?

    Genie Energy has 1 office.