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Genie Energy to Present at Sidoti Virtual Investor Conference
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Genie Energy Announces Second Quarter 2021 Results
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Genie Energy to Report Second Quarter 2021 Results
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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
(MENAFN - PR Newswire) NEWARK, N.J., April 26, 2021 /PRNewswire/ Genie Energy Ltd., (NYSE: GNE , GNEPRA), a global provider of energy services, will announce financial and operational results for the first quarter of 2021 on Thursday, May 6, 2021.
Genie Energy will issue an earnings release over a wire service and post it in the Investors section of the Genie Energy website ( ) at 7:30 AM Eastern. The release will also be filed in a current report (Form 8-K) with the SEC.
At 8:30 AM Eastern, Genie Energy s management will host a conference call to discuss financial and operational results, business outlook and strategy. The call will begin with management s remarks followed by Q & A with investors.