XML 15 R4.htm IDEA: XBRL DOCUMENT v3.25.2
Consolidated Statements of Operations (Unaudited) - USD ($)
shares in Thousands, $ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2025
Jun. 30, 2024
Revenues:        
Revenues $ 105,251 $ 90,696 $ 242,058 $ 210,384
Cost of revenues 81,771 57,360 181,215 143,262
Gross profit 23,480 33,336 60,843 67,122
Operating expenses:        
Selling, general and administrative (i) 21,177 22,015 45,064 44,916
Provision for captive insurance liability 265 640 910 1,676
Impairment of assets 35 118 35 118
Income from operations 2,003 10,563 14,834 20,412
Interest income 1,998 1,362 3,979 2,702
Interest expense (156) (331) (345) (363)
Gain on marketable equity securities and other investments 505 110 673 227
Other (loss) income, net (451) 1,262 (457) 1,342
Income before income taxes 3,899 12,966 18,684 24,320
Provision for income taxes (1,079) (3,465) (5,458) (6,385)
Net income from continuing operations 2,820 9,501 13,226 17,935
Income (loss) from discontinued operations, net of taxes 47 (145) (57) (410)
Net income (loss) 2,867 9,356 13,169 17,525
Net income (loss) attributable to noncontrolling interests, net 45 (256) (284) (210)
Net income attributable to Genie Energy Ltd. common stockholders 2,822 9,612 13,453 17,735
Net income (loss) attributable to Genie Energy Ltd. common stockholders        
Continuing operations 2,775 9,757 13,510 18,145
Discontinued operations 47 (145) (57) (410)
Net income attributable to Genie Energy Ltd. common stockholders $ 2,822 $ 9,612 $ 13,453 $ 17,735
Basic:        
Continuing operations, basic (in dollars per share) $ 0.11 $ 0.37 $ 0.51 $ 0.68
Discontinued operations, basic (in dollars per share) 0 (0.01) 0 (0.02)
Earnings per share attributable to Genie Energy Ltd. common stockholders (in dollars per share) 0.11 0.36 0.51 0.66
Diluted        
Continuing operations, diluted (in dollars per share) 0.11 0.37 0.51 0.67
Discontinued operations, diluted (in dollars per share) 0 (0.01) 0 (0.02)
Earnings per share attributable to Genie Energy Ltd. common stockholders (in dollars per share) $ 0.11 $ 0.36 $ 0.51 $ 0.65
Weighted-average number of shares used in calculation of earnings per share:        
Basic (in shares) 26,173 26,569 26,287 26,760
Diluted (in shares) 26,516 27,033 26,631 27,272
Dividends on common stock declared (in dollars per share) $ 0.075 $ 0.075 $ 0.15 $ 0.15
(i) Stock-based compensation included in selling, general and administrative expenses $ 606 $ 458 $ 1,345 $ 1,207
Electricity [Member]        
Revenues:        
Revenues 89,885 78,301 193,948 167,697
Oil and Gas [Member]        
Revenues:        
Revenues 9,107 8,414 37,516 30,812
Product and Service, Other [Member]        
Revenues:        
Revenues $ 6,259 $ 3,981 $ 10,594 $ 11,875