Genie Energy Ltd. Reports Second Quarter 2019 Results
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Genie Energy (GNE) Misses Q2 EPS by 38c, Revenues Miss
August 5, 2019 7:36 AM EDTGenie Energy (NYSE: GNE) reported Q2 EPS of ($0.29), $0.38 worse than the analyst estimate of $0.09. Revenue for the quarter came in at $61 million versus the consensus estimate of $67.58 million.
FINANCIAL AND OPERATIONAL HIGHLIGHTS
(Throughout this release, 2Q19 results are compared to 2Q18 results unless otherwise noted)
Global customers increased during 2Q19 by 24 thousand RCEs (+7%) to 357 thousand RCEs and by 49 thousand meters (+12%) to 448 thousand meters;Average monthly churn declined to 4.4% from 5.3% in... More