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About Genie Energy
From its filings with the US Securities and Exchange Commission
Genie Energy is based in Newark, New Jersey and is incorporated in Delaware. Its shares trade on NYSE under the ticker GNE. The SEC classifies its business as electric & other services combined. In the fiscal year to 31 December 2024, it reported revenue of $425.2m.
Genie Energy Ltd. is end-to-end provider of energy services. We manage our business and report results through two reporting segments.
We have two reportable business segments: GRE and GREW. Our reportable segments are distinguished by types of service, customers and customer geography. Financial information by segment and geographic areas is presented in "Note 20 — Business Segment and Geographic Information" in the Notes to our Consolidated Financial Statements in this Annual Report.
The Company owns 100% of Genie Retail Energy, Inc. and 95.5% of Genie Energy Services, LLC (“GES”). GES holds our interest in the entities comprising the GREW segment. In the third quarter of 2022, the Company ceased to operate a former segment, GRE International (“GREI”). Certain of GREI's assets and liabilities and operations were classified as discontinued operations and the segment's remaining assets and liabilities were combined with corporate.
GRE owns and operates REPs, including IDT Energy, Inc. (“IDT Energy”), Residents Energy, LLC (“Residents Energy”), Town Square Energy, LLC and Town Square Energy East, LLC (collectively, “TSE”), Southern Federal Power, LLC (“SFP”), Evergreen Gas & Electric, LLC (“Evergreen”) and Mirabito Natural Gas, LLC ("Mirabito"). GRE's REP businesses resell electricity and natural gas to residential and small business and small commercial customers. The majority of GRE's REPs' customers are located in the Eastern and Midwestern United States and Texas. Mirabito supplies natural gas to commercial customers in Florida.
Quoted from its 10-K, filed 1 May 2026. Read the filing on SEC.gov ↗
Company facts
- Sector
- Utilities
- Industry
- Electric Utilities
- Listed since
- 26 Oct 2011
- Employees
- 202
- Website
- genie.com ↗
- Head office
- 520 BROAD STREET, NEWARK, NJ, 07012
- Incorporated in
- DE
- Classification
- Electric & Other Services Combined
- Filer status
- Accelerated filer
Leadership
Pay as last reported
- Mr. Howard JonasChairman of the Board, since 2011$573,848
- Mr. Michael SteinChief Executive Officer, since 2014$3.5m
- Mr. Avraham GoldinChief Financial Officer$1.4m
- Ms. Joyce MasonCorporate Secretary, Director, since 2011
- Mr. W. Wesley PerryLead Independent Director$134,403
- Mr. James CourterEx-Officio Director$125,000
- Dr. Alan RosenthalIndependent Director$134,403
- Mr. Allan SassIndependent Director$134,403
Environmental, social and governance
Scores out of 100, from our data supplier
- Overall
- 15
- Environment
- 1
- Social
- 16
- Governance
- 28
- Carbon reduction policy
- No
- Human rights policy
- No
SWOT analysis
AI-generated by our data supplier. Not written or checked by our editors.
Strengths
- Genie Energy Ltd, a global energy company, possesses several strengths that contribute to its success and market position. These strengths include:
Weaknesses
- Despite its strengths, Genie Energy Ltd also faces certain weaknesses that may hinder its growth and competitiveness. These weaknesses include:
Opportunities
- Genie Energy Ltd has identified several potential opportunities to capitalize on and expand its business operations. These opportunities include:
Threats
- Genie Energy Ltd faces certain threats that may impact its business and market position. These threats include:
Sources and methodology
- Data on this tab
- Our data supplier
- Chart on the Overview
- TradingView
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