Genie Energy Q4 Adj. Net Income Declines; Revenue Down 1.9%

(RTTNews) - Genie Energy (GNE) posted a fourth quarter net loss to stockholders from continuing operations of $12.9 million, or $0.47 per share, compared to a net loss of $25.0 million, or $0.91 per share, a year ago. Non-GAAP net income and non-GAAP EPS was $6.5 million and $0.24 compared to $10.0 million and $0.37, respectively, last year. Adjusted EBITDA decreased 2.8% to $11.1 million. Revenue decreased 1.9% to $102.9 million.

"We are excited about the growth prospects in 2025 across our businesses. For the full year, we maintain our annual consolidated Adjusted EBITDA guidance at $40 to $50 million. We also expect to continue to build our cash reserves and opportunistically buy back our stock while paying our current dividend," Michael Stein, CEO, stated.

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