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Consolidated Statements of Operations - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2019
Dec. 31, 2018
REVENUES:    
Electricity $ 263,091 $ 227,883
Natural gas 39,926 46,560
Other 12,274 5,866
Total revenues 315,291 280,309
Cost of revenues 232,392 203,762
GROSS PROFIT 82,899 76,547
OPERATING EXPENSES AND LOSSES:    
Selling, general and administrative [1] 72,467 61,544
Exploration 244
Research and development expense 207 39
Impairment of assets 400 2,742
Income from operations 9,825 11,978
Interest income 448 557
Interest expense (530) (401)
Equity in the net loss in equity method investees (4,830) (3,430)
Gain on extinguishment of liability 164
Other income, net 1,066 156
Income before income taxes 5,979 9,024
(PROVISION FOR) BENEFIT FROM INCOME TAXES (4,600) 12,376
NET INCOME 1,379 21,400
Net loss attributable to noncontrolling interests 2,796 1,385
NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. 4,175 22,785
Dividends on preferred stock (1,481) (1,481)
NET INCOME ATTRIBUTABLE TO GENIE ENERGY LTD. COMMON STOCKHOLDERS $ 2,694 $ 21,304
Earnings per share attributed to Genie Energy Ltd. common stockholder    
Basic $ 0.10 $ 0.85
Diluted $ 0.10 $ 0.83
Weighted-average number of shares used in calculation of earnings per share    
Basic 26,607 25,154
Diluted 27,464 25,695
Dividends declared per common share $ 0.30 $ 0.30
[1] Stock-based compensation included in selling, general and administrative expenses