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Genie Energy Ltd Class B Commo (GNE)
NYSE:GNE
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Genie Energy Commo
(NYSE:GNE)
71Outperform
Genie Energy Commo (GNE) vs. S&P 500 (SPY)
Market Cap
$376.71M
Dividend Yield2.17%
Average Volume (3M)73.64K
Price to Earnings (P/E)29.9
Beta (1Y)0.42
Revenue Growth5.44%
EPS Growth-93.27%
CountryUS
Employees198
SectorUtilities
Sector Strength86
IndustryRegulated Utilities
Share Statistics
EPS (TTM)0.45
Shares Outstanding25,625,582
10 Day Avg. Volume114,440
30 Day Avg. Volume73,645
Financial Highlights & Ratios
PEG RatioN/A
Price to Book (P/B)N/A
Price to Sales (P/S)0.88
Price to Cash Flow (P/CF)3.90
P/FCF Ratio4.30
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
Genie Energy Commo Business Overview & Revenue Model
Company DescriptionGenie Energy Ltd. (GNE) is an energy company engaged in supplying electricity and natural gas to residential and small business customers in deregulated markets across the United States. The company operates through several segments, including Genie Retail Energy, Genie Retail Energy International, and Genie Renewables, focusing on the distribution of energy resources and the development of renewable energy projects.
How the Company Makes MoneyGenie Energy makes money primarily through its retail energy provider operations, where it sells electricity and natural gas to consumers in deregulated markets. Revenue is generated from the sale of these energy commodities at prices higher than the company's cost of procurement and distribution. Genie Energy's retail segment, which includes brands like IDT Energy and Residents Energy, is a significant contributor to its revenue stream. Additionally, the company earns income through its international operations and from its Genie Renewables segment by developing and investing in renewable energy projects. Strategic partnerships and regulatory incentives in the renewable energy sector also play a role in enhancing its earnings.
Genie Energy Commo Financial Statement Overview
Summary
Genie Energy shows a robust financial position with strong balance sheet metrics like a low debt-to-equity ratio of 0.01 and a solid equity ratio of 61.8%. However, challenges persist with declining net profit margins and revenue, requiring strategies to boost profitability and growth.Income Statement
Genie Energy shows a strong gross profit margin with a TTM (Trailing-Twelve-Months) of 33.5%, indicating efficient cost management. However, the net profit margin has decreased to 0.8% TTM from 4.6% in the previous annual report, due to a decline in net income. Revenue has slightly declined by 0.3% compared to the previous year, suggesting a need for revenue growth strategies.72
Positive
Balance Sheet
The company maintains a strong balance sheet with a debt-to-equity ratio of 0.01 TTM, indicating low leverage and financial stability. The return on equity is 1.6% TTM, reflecting moderate efficiency in generating profit from equity. Equity ratio remains robust at 61.8% TTM, showcasing a solid equity base relative to assets.85
Very Positive
Cash Flow
Genie Energy demonstrates healthy cash flow with an operating cash flow to net income ratio of 17.4 TTM, indicating strong cash generation relative to net income. Free cash flow decreased by 11.2% from the previous year, but the company maintains a positive free cash flow position, supporting potential investments and debt servicing.78
Positive
| Breakdown | |||||
| TTM | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 |
|---|---|---|---|---|---|
| Income Statement | Total Revenue | ||||
| 427.22M | 428.71M | 315.54M | 363.73M | 379.31M | 315.29M | Gross Profit |
| 143.08M | 146.21M | 154.78M | 104.86M | 97.69M | 82.90M | EBIT |
| 4.12M | 10.01M | 77.75M | 33.09M | 19.34M | 6.91M | EBITDA |
| 4.13M | 18.67M | 78.04M | 24.52M | 25.72M | 10.14M | Net Income Common Stockholders |
| 3.43M | 19.54M | 56.49M | 29.21M | 13.15M | 1.38M |
| Balance Sheet | Cash, Cash Equivalents and Short-Term Investments | ||||
| 41.60M | 108.00M | 99.06M | 96.83M | 42.00M | 31.24M | Total Assets |
| 146.86M | 330.56M | 277.62M | 229.01M | 187.34M | 156.24M | Total Debt |
| 3.44M | 309.00K | 1.95M | 1.72M | 1.45M | 4.33M | Net Debt |
| -38.16M | -107.30M | -96.62M | -93.77M | -35.46M | -26.91M | Total Liabilities |
| 54.20M | 146.05M | 103.97M | 116.66M | 101.26M | 75.31M | Stockholders Equity |
| 103.67M | 197.24M | 187.12M | 124.85M | 98.09M | 94.81M |
| Cash Flow | Free Cash Flow | ||||
| 47.45M | 53.45M | 79.67M | 66.87M | 22.95M | 15.35M | Operating Cash Flow |
| 59.63M | 62.48M | 80.68M | 66.99M | 23.12M | 15.75M | Investing Cash Flow |
| 266.00K | 13.64M | -49.32M | 2.69M | -3.03M | -5.77M | Financing Cash Flow |
| -21.10M | -15.16M | -25.52M | -5.67M | -15.19M | -15.62M |
Genie Energy Commo Technical Analysis
Negative
14.04
Price Trends
14.55
Negative
15.01
Negative
15.37
Negative
Market Momentum
-0.03
Positive
46.58
Neutral
50.90
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GNE, the sentiment is Negative. The current price of 14.04 is below the 20-day moving average (MA) of 14.41, below the 50-day MA of 14.55, and below the 200-day MA of 15.37, indicating a bearish trend. The MACD of -0.03 indicates Positive momentum. The RSI at 46.58 is Neutral, neither overbought nor oversold. The STOCH value of 50.90 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for GNE.
Genie Energy Commo Risk Analysis
Genie Energy Commo disclosed 27 risk factors in its most recent earnings report. Genie Energy Commo reported the most risks in the “Production” category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
Genie Energy Commo Peers Comparison
Overall Rating
UnderperformOutperform
Sector (65)
Financial Indicators
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
76 Outperform | $2.90B | 23.94 | 9.00% | 1.96% | 17.72% | 11.33% | |
76 Outperform | $6.96B | 12.72 | 12.22% | 4.65% | -14.01% | ― | |
71 Outperform | $376.71M | 29.89 | 7.70% | 2.17% | 5.44% | -93.27% | |
69 Neutral | $1.31B | 19.21 | 12.63% | 6.38% | -4.50% | -33.18% | |
66 Neutral | $4.86B | 14.60 | 15.15% | 3.63% | 9.18% | 36.67% | |
65 Neutral | $6.72B | 82.82 | -0.36% | 2.75% | -10.64% | -102.62% | |
65 Neutral | $11.95B | 15.57 | 6.50% | 4.41% | 7.00% | 0.55% |
* Utilities Sector Average
Performance Comparison
GNE
Genie Energy Commo
14.04
-1.74
-11.03%
CPK
Chesapeake Utilities
125.67
25.38
25.31%
NFG
National Fuel Gas Company
74.66
25.53
51.96%
NJR
New Jersey Resources
48.06
7.88
19.61%
SPH
Suburban Propane
20.10
1.72
9.36%
UGI
UGI
31.98
8.82
38.08%
Genie Energy Commo Earnings Call Summary
Earnings Call Date: Mar 10, 2025 | % Change Since: -5.01% | Next Earnings Date: May 12, 2025
Earnings Call Sentiment Neutral
Genie Energy reported a strong performance in terms of growth in renewables and strategic advancements in solar projects, along with a robust cash position. However, there were challenges such as decreased revenue and profit margins, and continued losses in renewable segments. The company still managed to maintain a positive outlook with strategic investments and growth initiatives.Highlights
Strong Full-Year Performance
Achieved high-end of adjusted EBITDA guidance for 2024. GRE added 23,000 net new meters in the fourth quarter and over 60,000 during the full year, marking an increase of nearly 17%.
Growth in Renewables
GREW's gross profit increased by over 120% compared to 2023, surpassing $6 million. Diversegy's revenue grew by 70%, and gross profit by 130%, generating over $750,000 in income from operations.
Strategic Advancements in Solar
Completed migration to utility scale project vertical, closed first solar financing deal returning approximately $7 million in cash, and expect to complete construction of a community solar project in 2025.
Solid Financial Position
Consolidated net income attributable to Genie common stockholders was $12.6 million, with cash, cash equivalents, and marketable securities totaling $201 million, an increase of $37.6 million over the year.
Lowlights
Decreased Revenue and Profit Margins
Consolidated revenue decreased by 0.8% to $425.2 million, and consolidated gross profit decreased by 5.3% to $138.5 million. Gross margin decreased by 150 basis points to 32.6%.
Electricity Sales Pressure
Electricity revenue at GRE was unchanged, and margin compression on electricity sales led to a decrease in gross profit by 1.8% to $31.9 million.
Losses in Renewable Segments
The renewable segment GREW's loss from operations improved but was still at $3 million, with an adjusted EBITDA loss of $2.2 million.
Company Guidance
During the earnings call for Genie Energy Limited's fourth quarter and full-year 2024 results, the company provided several key metrics and guidance for the coming year. For 2024, Genie achieved the high-end of its adjusted EBITDA guidance, with a consolidated adjusted EBITDA of $48.5 million compared to $58.2 million in 2023. The company reported consolidated revenue of $425.2 million, a slight decrease of 0.8% from the previous year, and consolidated gross profit of $138.5 million, down 5.3%. Despite these decreases, Genie managed to strengthen its balance sheet, increasing its cash and marketable securities to $201 million, a $37.6 million rise over the year. The company also repurchased 661,000 shares for $10.4 million and paid $8.2 million in dividends. Looking forward, Genie maintains its annual consolidated adjusted EBITDA guidance for 2025 at $40 million to $50 million, with plans to continue building cash reserves, buying back stock, and paying dividends while investing in growth.Genie Energy Commo Corporate Events
Business Operations and StrategyFinancial Disclosures
Genie Energy Expands Insurance Initiatives and Coverage
Neutral
Dec 5, 2024
Genie Energy has made strides in its consumer insurance initiative by securing broker licenses in seven states and launching third-party insurance solutions through existing channels. The company has expanded its captive insurance coverage, planning $40 million in premium payments, and will record a $31 million non-cash charge as an insurance loss reserve. Genie expects these moves to bolster its risk management and financial strategy without affecting its Adjusted EBITDA.
Private Placements and FinancingBusiness Operations and Strategy
Genie Energy Secures Loan to Boost Solar Projects
Positive
Nov 19, 2024
Genie Energy Ltd. has secured a $7.4 million fixed-rate loan from National Cooperative Bank to finance its solar generation assets, aiding its renewable energy strategy. This financing boosts the return on equity and aligns with Genie’s goal of optimizing its capital structure and enhancing profitability. The solar projects, providing power to educational facilities, are part of Genie Renewables’ growing development pipeline, reflecting the company’s commitment to expanding its renewable energy solutions.
Glossary
OutperformA stock rated as "Outperform" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock is likely to deliver higher returns compared to the average returns of other stocks in the same sector or market index. Investors might consider this stock a good buying opportunity.
NeutralA stock rated as "Neutral" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly attractive nor unattractive for investment. Investors may consider holding onto the stock, as it is not expected to either significantly outperform or underperform the market.
UnderperformA stock rated as "Underperform" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests that the stock may deliver lower returns compared to the average returns of other stocks in the same sector or market index. Investors might consider selling the stock or avoiding it as an investment.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.