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Genie Energy Ltd (GNE.N)

GNE.N on New York Stock Exchange

6.28USD
18 Oct 2017
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Latest Key Developments (Source: Significant Developments)

Genie Energy acquires Florida-based commercial natural gas supplier
Monday, 14 Aug 2017 08:30am EDT 

Aug 14 (Reuters) - Genie Energy Ltd :Genie Energy acquires Florida-based commercial natural gas supplier.Genie Energy - deal for ‍$3 million plus Mirabito's working capital​.Genie Energy - ‍its Genie Retail Energy division has acquired Mirabito Natural Gas from Angus Energy for $3 million plus Mirabito's working capital​.  Full Article

Genie Energy Q2 revenue $52.2 million
Thursday, 3 Aug 2017 07:30am EDT 

Aug 3 (Reuters) - Genie Energy Ltd :Genie Energy Ltd reports second quarter 2017 results.Q2 revenue rose 17.2 percent to $52.2 million.Qtrly diluted earnings per share attributable to genie energy common stockholders $0.50.Expects Genie Retail Energy to generate between $20 million and $25 million in adjusted EBITDA for all of 2017.  Full Article

Genie Energy says company's unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK
Thursday, 20 Jul 2017 05:18pm EDT 

July 20 (Reuters) - Genie Energy Ltd :Genie Energy - On July 17, unit entered into agreement with partner to launch JV offering electricity, natural gas service to customers in UK.Genie Energy - Unit is committed to provide JV with £985,000 in initial funding including £75,000 was provided on signing of agreement - SEC Filing.Genie Energy - Funding could increase to £6 million between launch of JV and August 1, 2018 contingent on achievement of performance based milestones.  Full Article

Genie Energy Ltd says co, units enters into class action settlement agreement
Monday, 10 Jul 2017 08:36am EDT 

July 10 (Reuters) - Genie Energy Ltd ::Genie Energy Ltd says on July 5 co, units entered into class action settlement agreement .Genie Energy Ltd - under settlement agreement, co agreed to pay certain amounts to resolve lawsuits.Genie Energy Ltd - co estimates, based in part on historical participation rates, that total settlement payment will be about $9 million.  Full Article

Genie Energy Qtrly diluted earnings per share $0.13
Wednesday, 3 May 2017 07:30am EDT 

May 3 (Reuters) - Genie Energy Ltd ::Genie Energy Ltd. Reports first quarter 2017 results.Q1 revenue rose 17.9 percent to $69.4 million.Qtrly diluted earnings per share $0.13.  Full Article

Genie Energy expands loan facility
Wednesday, 5 Apr 2017 07:03am EDT 

Genie Energy Ltd - : Genie Energy Ltd expands loan facility . Genie Energy Ltd says its genie retail energy division has secured $20.0 million revolving loan facility with vantage commodities financial services, llc .Genie Energy Ltd says new loan facility has a term of three years.  Full Article

Genie Energy qtrly loss per share $0.05
Wednesday, 8 Mar 2017 07:15am EST 

Genie Energy Ltd : Genie energy ltd. Reports fourth quarter and full year 2016 results . Q4 revenue $51.5 million versus $44.6 million . Genie energy ltd qtrly loss per share $0.05 . Genie energy ltd - names michael stein as chief operating officer . Genie energy ltd - stein will continue to serve as chief executive officer of genie retail energy . Genie energy ltd - gre's average monthly customer churn increased to 6.7% in 4q16 compared to 6.3% in year ago quarter .Genie energy ltd- increased quarterly dividend on genie energy's class a and class b common stock by 25% and declared a 4q16 dividend of $0.075.  Full Article

Genie Energy launches drilling services company in Israel
Tuesday, 10 Jan 2017 09:15am EST 

Genie Energy Ltd : Genie energy launches drilling services company in Israel . Genie energy Ltd - Atid is expected to spud its first exploration well in early march for afek oil and gas .Genie energy Ltd - establishing Atid Drilling Ltd, an on-shore drilling services venture based in israel.  Full Article

Genie Energy reports Q2 revenue of $44 million
Thursday, 4 Aug 2016 07:25am EDT 

Genie Energy Ltd : Genie energy ltd. Reports second quarter 2016 results . Q2 revenue $44 million .Q2 earnings per share $0.13.  Full Article

Genie Energy Ltd to resume paying quarterly dividend of $0.06 per share of common stock
Friday, 22 Jan 2016 05:05pm EST 

Genie Energy Ltd:Says resumed a quarterly dividend on its common stock and declared a payment of $0.06 per share for the fourth quarter.Dividend will be paid on or about February 12, 2016 to common stockholders of record date as of February 5.Ex-dividend date will be February 3.  Full Article