Genie Energy Announces Second Quarter 2021 Results prnewswire.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prnewswire.com Daily Mail and Mail on Sunday newspapers.
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NEWARK, N.J., May 6, 2021 /PRNewswire/ Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported record revenue of $135.3 million and a loss per diluted share of $0.09 for the first quarter 2021.
CONSOLIDATED HIGHLIGHTS
(Throughout this release, 1Q21 results are compared to 1Q20 results unless otherwise noted)
Global RCEs served increased by 49,000 or 12.1% year over to year to 450,000. Global meters served increased by 40,000 or 7.6% year over to year to 572,000.
Consolidated revenue increased 30.1% to $135.3 million from $104.1 million driven by increased per meter consumption in domestic markets and by the consolidation of Orbit Energy during 4Q20.
Genie Retail Energy (GRE), Genie s domestic retail energy supply business, generated income from operations of $1.2 million compared to $13.0 million in 1Q20. The 1Q21 results reflect a negative impact of approximately $13.0 million attributable to the impact of a severe winter storm and resulta
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NEWARK, N.J., March 11, 2021 /PRNewswire/ Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2020 loss of $0.06 per diluted share on revenue of $102.9 million, and full year 2020 earnings of $0.44 per diluted share on revenue of $379.3 million.
4Q20 AND FULL YEAR 2020 FINANCIAL AND OPERATIONAL HIGHLIGHTS
(Throughout this release, 4Q20 results are compared to 4Q19 results and FY 2020 results are compared to FY 2019 results unless otherwise noted)
4Q20 consolidated revenue increased 25.5% to $102.9 million. Full year 2020 consolidated revenue increased 20.3% to a company record of $379.3 million.
4Q20 consolidated loss from operations was $1.1 million compared to income from operations of $2.3 million in 4Q19. 4Q20 consolidated Adjusted EBITDA