December 26, 2014 11:02 AM ET

Electric Utilities

Company Overview of Genie Energy Ltd.

Company Overview

Genie Energy Ltd., through its subsidiary, Genie Energy International Corporation that owns interests in IDT Energy and Genie Oil and Gas, Inc., supplies electricity and natural gas to residential and small business customers primarily in the Eastern United States. It also produces transportation fuels from the oil shale and other fuel resources. The company’s resource development projects include a conventional oil and gas exploration program in Israel; and in-situ oil shale projects in Colorado, as well as Israel and Mongolia. Genie Energy Ltd. is headquartered in Newark, New Jersey.

550 Broad Street

Newark, NJ 07102

United States

Phone:

973-438-3500

Fax:

973-438-1256

Key Executives for Genie Energy Ltd.

Chairman
Age: 58
Total Annual Compensation: $300.0K
President
Age: 54
Total Annual Compensation: $36.1K
Chief Financial Officer and Treasurer
Age: 37
Total Annual Compensation: $340.0K
Vice Chairman
Age: 43
Total Annual Compensation: $1.1M
Senior Vice President of Business Development
Age: 52
Total Annual Compensation: $829.0K
Compensation as of Fiscal Year 2013.

Genie Energy Ltd. Key Developments

Genie Energy Ltd. Presents at LD Micro Conference, Dec-02-2014 01:30 PM

Genie Energy Ltd. Presents at LD Micro Conference, Dec-02-2014 01:30 PM. Venue: Luxe Sunset Boulevard Hotel, 11461 Sunset Boulevard, Los Angeles, California, United States.

Genie Energy Initiates Quarterly Dividend Payable on or About December 2, 2014

The Board of Directors of Genie Energy Ltd., initiated payment of a quarterly dividend to holders of its Class A and Class B common stock and declared a dividend of $0.06 per share for the third quarter of 2014. The dividend will be paid on or about December 2, 2014 to stockholders of record as of the close of business on November 24, 2014. The ex-dividend date will be November 20, 2014.

Genie Energy Ltd. Announces Unaudited Consolidated Earnings Results for Third Quarter and Nine Months Ended September 30, 2014

Genie Energy Ltd. announced unaudited consolidated earnings results for third quarter and nine months ended September 30, 2014. For the quarter, the company reported total revenues of $46,186,000 against $71,638,000 a year ago. Loss from operations was $4,107,000 against income from operations of $3,948,000 a year ago. Loss before income taxes was $4,358,000 against income before income taxes of $3,119,000 a year ago. Net loss was $4,825,000 against net income of $2,042,000 a year ago. Net loss attributable to the common stockholders was $4,765,000 against net income of $1,685,000 a year ago. Diluted loss per share attributable to the common stockholders was $0.22 against EPS of $0.08 a year ago. Adjusted EBITDA was $856,000 against $5,041,000 a year ago. Net cash used in operating activities was $1.0 million against $2.0 million a year ago. For the nine months, the company reported total revenues of $225,345,000 against $212,103,000 a year ago. Loss from operations was $14,943,000 against income from operations of $1,011,000 a year ago. Loss before income taxes was $16,558,000 against $1,506,000 a year ago. Net loss was $16,978,000 against $4,223,000 a year ago. Net loss attributable to the common stockholders was $17,095,000 against $6,337,000 a year ago. Diluted loss per share attributable to the common stockholders was $0.81 against $0.33 a year ago. Adjusted LBITDA was $6,359,000 against adjusted EBITDA of $4,246,000 a year ago. Net cash used in operating activities was $8,094,000 against $683,000 a year ago. Capital expenditures were $1,261,000 against $300,000 a year ago.

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