Genie Energy Ltd
For the period ended Jun 30, 2024. Filed Aug 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 8, 2024
GNE$19.25+8.6%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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CONSOLIDATED STATEMENTS OF EQUITY
(in thousands, except dividend per share)
Genie Energy Ltd. Stockholders
| Preferred · Class A · Class B · Additional · Accumulated Other · Non | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · controlling · Total | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | |
| BALANCE AT JANUARY 1, 2024 | — | $— | 1,574 | $16 | 28,765 | $288 | $156,101 | $(22,661) | $3,299 | $60,196 | $(12,731) | $184,508 |
| Dividends on common stock ($0.075 per share) | — | — | — | — | — | — | — | — | — | (2,121) | — | (2,121) |
| Stock-based compensation | — | — | — | — | 14 | — | 749 | — | — | — | — | 749 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (2,523) | — | — | — | (2,523) |
| Exercise of stock options | — | — | — | — | 126 | 1 | 1,015 | — | — | — | — | 1,016 |
| Purchase of equity of subsidiary | — | — | — | — | — | — | (316) | — | — | — | (884) | (1,200) |
| Repurchase of Class B common stock from stock repurchase program | — | — | — | — | — | — | — | (4,101) | — | — | — | (4,101) |
| Other comprehensive (loss) income | — | — | — | — | — | — | — | — | (5,210) | — | 128 | (5,082) |
| Net income (loss) for three months ended March 31, 2024 | — | — | — | — | — | — | — | — | — | 8,123 | 46 | 8,169 |
| BALANCE AT MARCH 31, 2024 | — | $— | 1,574 | $16 | 28,905 | $289 | $157,549 | $(29,285) | $(1,911) | $66,198 | $(13,441) | $179,415 |
| Preferred · Class A · Class B · Additional · Accumulated Other · Non | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · controlling · Total | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | |
| BALANCE AT MARCH 31, 2024 | — | $— | 1,574 | $16 | 28,905 | $289 | $157,549 | $(29,285) | $(1,911) | $66,198 | $(13,441) | $179,415 |
| Dividends on common stock ($0.075 per share) | — | — | — | — | — | — | — | — | — | (2,031) | — | (2,031) |
| Stock-based compensation | — | — | — | — | 1 | — | 458 | — | — | — | — | 458 |
| Class B common stock purchased from Genie Energy Charitable Foundation | — | — | — | — | — | — | — | (768) | — | — | — | (768) |
| Repurchase of Class B common stock from stock repurchase program | — | — | — | — | — | — | — | (1,796) | — | — | — | (1,796) |
| Consolidation of a subsidiary | — | — | — | — | — | — | — | — | — | — | 1,286 | 1,286 |
| Deconsolidation of a subsidiary | — | — | — | — | — | — | — | — | (12) | — | — | (12) |
| Other comprehensive income (loss) | — | — | — | — | — | — | — | — | 3,759 | — | (113) | 3,646 |
| Net income (loss) for three months ended June 30, 2024 | — | — | — | — | — | — | — | — | — | 9,612 | (256) | 9,356 |
| BALANCE AT JUNE 30, 2024 | — | $— | 1,574 | $16 | 28,906 | $289 | $158,007 | $(31,849) | $1,836 | $73,779 | $(12,524) | $189,554 |
CONSOLIDATED STATEMENTS OF EQUITY
(in thousands, except dividend per share) — (Continued)
Genie Energy Ltd. Stockholders
| Preferred · Class A · Class B · Additional · Accumulated Other · Non | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · controlling · Total | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | |
| BALANCE AT JANUARY 1, 2023 | 983 | $8,359 | 1,574 | $16 | 27,126 | $271 | $146,546 | $(19,010) | $1,926 | $49,010 | $(13,474) | $173,644 |
| Dividends on preferred stock ($0.1594 per share) | — | — | — | — | — | — | — | — | — | (157) | — | (157) |
| Dividends on common stock ($0.075 per share) | — | — | — | — | — | — | — | — | — | (1,951) | — | (1,951) |
| Stock-based compensation | — | — | — | — | 33 | — | 899 | — | — | — | — | 899 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (165) | — | — | — | (165) |
| Redemption of preferred stock | (117) | (1,000) | — | — | — | — | — | — | — | — | — | (1,000) |
| Other comprehensive (loss) income | — | — | — | — | — | — | — | — | (31) | — | 3 | (28) |
| Net income (loss) for three months ended March 31, 2023 | — | — | — | — | — | — | — | — | — | 14,431 | (39) | 14,392 |
| BALANCE AT MARCH 31, 2023 | 866 | $7,359 | 1,574 | $16 | 27,159 | $271 | $147,445 | $(19,175) | $1,895 | $61,333 | $(13,510) | $185,634 |
| Preferred · Class A · Class B · Additional · Accumulated Other · Non | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · controlling · Total | ||||||||||||
| Shares | Amount | Shares | Amount | Shares | Amount | Capital | Stock | Income | Earnings | Interests | Equity | |
| BALANCE AT MARCH 31, 2023 | 866 | $7,359 | 1,574 | $16 | 27,159 | $271 | $147,445 | $(19,175) | $1,895 | $61,333 | $(13,510) | $185,634 |
| Dividends on preferred stock ($0.1594 per share) | — | — | — | — | — | — | — | — | — | (176) | — | (176) |
| Dividends on common stock ($0.075 per share) | — | — | — | — | — | — | — | — | — | (1,958) | — | (1,958) |
| Stock-based compensation | — | — | — | — | 300 | 3 | 753 | — | — | — | — | 756 |
| Restricted Class B common stock purchased from employees | — | — | — | — | — | — | — | (2,438) | — | — | — | (2,438) |
| Redemption of preferred stock | (866) | (7,359) | — | — | — | — | — | — | — | — | — | (7,359) |
| Exercise of stock options | — | — | — | — | 257 | 3 | 1,112 | — | — | — | — | 1,115 |
| Exercise of warrants | — | — | — | — | 1,048 | 11 | 4,989 | — | — | — | — | 5,000 |
| Other comprehensive income | — | — | — | — | — | — | — | — | 70 | — | 2 | 72 |
| Net income for three months ended June 30, 2023 | — | — | — | — | — | — | — | — | — | 15,156 | 183 | 15,339 |
| BALANCE AT JUNE 30, 2023 | — | $— | 1,574 | $16 | 28,764 | $288 | $154,299 | $(21,613) | $1,965 | $74,355 | $(13,325) | $195,985 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.