Genie Energy Ltd

For the period ended Sep 30, 2024. Filed Nov 7, 2024.

About this filing

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.

Sep 30, 2024 · Filed Nov 7, 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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Contents

CONSOLIDATED STATEMENTS OF EQUITY

(in thousands, except dividend per share)

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)

Accumulated · Receivable
Preferred · Class A · Class B · Additional · Other · Non · for
Stock · Common Stock · Common Stock · Paid-In · Treasury · Comprehensive · Retained · controlling · Issuance of · Total
	Shares	Amount	Shares	Amount	Shares	Amount	Capital	Stock	Income	Earnings	Interests	Equity	Equity
BALANCE AT JUNE 30, 2024	—	$—	1,574	$16	28,906	$289	$158,007	$(31,849)	$1,836	$73,779	$(12,524)	$—	$189,554
Dividends on common stock ($0.075 per share)	—	—	—	—	—	—	—	—	—	(2,019)	—	—	(2,019)
Stock-based compensation	—	—	—	—	404	4	563	—	—	—	—	—	567
Restricted Class B common stock purchased from employees	—	—	—	—	—	—	—	(1,091)	—	—	—	—	(1,091)
Noncontrolling investment to a subsidiary by Howard Jonas	—	—	—	—	—	—	—	—	—	—	1,791	(870)	921
Repurchase of Class B common stock from stock repurchase program	—	—	—	—	—	—	—	(2,011)	—	—	—	—	(2,011)
Other comprehensive income	—	—	—	—	—	—	—	—	3,376	—	760	—	4,136
Net income for three months ended September 20,2024	—	—	—	—	—	—	—	—	—	10,199	30	—	10,229
BALANCE AT SEPTEMBER 30, 2024	—	$—	1,574	$16	29,310	$293	$158,570	$(34,951)	$5,212	$81,959	$(9,943)	$(870)	$200,286

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

CONSOLIDATED STATEMENTS OF EQUITY

(in thousands, except dividend per share) — (Continued)

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

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 JUNE 30, 2023	—	$—	1,574	$16	28,764	$288	$154,299	$(21,613)	$1,965	$74,355	$(13,325)	$195,985
Dividends on common stock ($0.075 per share)	—	—	—	—	—	—	—	—	—	(2,055)	—	(2,055)
Stock-based compensation	—	—	—	—	—	—	649	—	—	—	—	649
Restricted Class B common stock purchased from employees	—	—	—	—	—	—	—	(856)	—	—	—	(856)
Other comprehensive (loss) income	—	—	—	—	—	—	—	—	(552)	—	—	(552)
Net income (loss) for three months ended September 30,2023	—	—	—	—	—	—	—	—	—	14,459	(261)	14,198
BALANCE AT SEPTEMBER 30, 2023	—	$—	1,574	$16	28,764	$288	$154,948	$(22,469)	$1,413	$86,759	$(13,586)	$207,369

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.