Reduced electricity consumption per meter, driven by milder summer, and increased customer acquisition costs in the retail segment hurt GNE's earnings in Q3.
Genie Energy Ltd. (NYSE:GNE ) Q3 2024 Earnings Conference Call November 6, 2024 8:30 AM ET Company Participants Michael Stein – Chief Executive Officer Avi Goldin – Chief Financial Officer Conference Call Participants Operator Good morning, and welcome to the Genie Energy Limited Third Quarter 2024 Earnings Call.
Reduced revenues in the retail energy segment hurt Genie Energy's (GNE) earnings in Q2.
Genie Energy Ltd. (NYSE:GNE ) Q2 2024 Earnings Call August 6, 2024 8:30 AM ET Company Participants Brian Siegel - Investor Relations Michael Stein - Chief Executive Officer Avi Goldin - Chief Financial Officer Operator Good morning and welcome to Genie Energy's Second Quarter 2024 Earnings Call.
Discover why Zacks rates Genie Energy (GNE) as "Neutral," being the first on Wall Street to initiate coverage on the stock. Explore Genie Energy's diverse portfolio, strategic exits from non-core markets and robust financial health, along with the market risks impacting its performance.
Shares have nearly halved this year as profit margins have been steadily declining since the end of 2022. The business continues to show robust revenue growth, with management guiding for Adjusted EBITDA to stabilize this year. Shares are attractively valued, and management is aggressively returning cash to shareholders through dividends and buybacks.