Filing Analysis
Genie Energy Ltd. filed an 8-K to announce its quarterly results of operations for the period ending June 30, 2026.
📋 Key Facts
- The filing is a standard earnings release under Item 2.02.
- Reporting period: Quarter ended June 30, 2026.
- Filing date: August 6, 2026.
- The company furnished results via wire service and its investor relations website.
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ended September 30, 2025.
📋 Key Facts
- The filing was made on November 3, 2025.
- The report pertains to Item 2.02 (Results of Operations and Financial Condition).
- The company released its quarterly earnings via wire service and its investor relations website.
- Exhibit 99.1 contains the specific press release detailing the financial results.
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ended June 30, 2025.
📋 Key Facts
- The filing was made on August 7, 2025.
- Results reported are for the quarter ended June 30, 2025.
- Earnings release was distributed via wire service and posted to the company's investor relations website.
- Information is furnished pursuant to Item 2.02 of Form 8-K.
Genie Energy Ltd. filed an 8-K to announce a forthcoming dividend payable to holders of its Class A and Class B common stock via a press release on their investor relations website.
📋 Key Facts
- The filing is pursuant to Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events).
- The company announced an upcoming dividend for both Class A and Class B common stock holders.
- Details regarding the dividend are contained in Exhibit 99.1, which was posted to the company's investor relations website on August 4, 2025.
Genie Energy Ltd. has dismissed its independent registered public accounting firm, Zwick CPA, PLLC, and appointed CBIZ CPAs P.C. as its new auditor for the remainder of 2025.
🚩 Red Flags
- Auditor change in the middle of a fiscal year (July), which can sometimes lead to delays in subsequent quarterly or annual filings if transition is not seamless.
📋 Key Facts
- Dismissal of Zwick CPA, PLLC effective July 9, 2025.
- Appointment of CBIZ CPAs P.C. to serve for the remainder of 2025 following a competitive bidding process.
- The Company states there were no disagreements with Zwick regarding accounting principles, practices, or auditing scope/procedures.
- No 'reportable events' as defined by Regulation S-K Item 304(a)(1)(v) occurred during the periods ended Dec 31, 2024, 2023, and through July 9, 2025.
Genie Energy Ltd. held its Annual Meeting of Stockholders on May 6, 2025. The filing reports the results of stockholder votes regarding the election of Board Directors and an amendment to the 2021 Stock Option and Incentive Plan.
📋 Key Facts
- Annual Meeting of Stockholders held on May 6, 2025.
- All five nominees for the Board of Directors were elected to one-year terms: Howard S. Jonas (93.74%), Joyce Mason (99.25%), W. Wesley Perry (93.62%), Alan B. Rosenthal (93.57%), and Allan Sass (96.25%).
- Stockholders approved an amendment to the 2021 Stock Option and Incentive Plan, increasing available Class B common stock by 100,000 shares with a 90.59% approval rate.
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ended March 31, 2025. The filing serves as a formal notice that financial results were distributed via wire service and posted to the company's investor relations website.
📋 Key Facts
- Report date: May 6, 2025
- Reporting period: Quarter ended March 31, 2025
- The filing is pursuant to Item 2.02 (Results of Operations and Financial Condition)
- Earnings release was distributed via wire service and posted to the company website
Genie Energy Ltd. filed an 8-K to announce its earnings release for the quarter and full year ended December 31, 2024.
📋 Key Facts
- Earnings results for the quarter and full year ended December 31, 2024 were released on March 10, 2025.
- The filing includes Exhibit 99.1 containing the press release of financial results.
- Information is being furnished under Item 2.02 and is not considered 'filed' for purposes of incorporation by reference unless otherwise stated.
Genie Energy Ltd. filed an 8-K to announce a forthcoming dividend payable to holders of its Class A and Class B common stock.
📋 Key Facts
- The company announced a forthcoming dividend for both Class A and Class B common stockholders.
- Information was released via the company's investor relations website on February 5, 2025.
- The filing is made pursuant to Item 7.01 (Regulation FD Disclosure) and Item 8.01 (Other Events).
Genie Energy Ltd. filed an 8-K to furnish a press release regarding an update on the company's consumer insurance initiative. The filing is made under Item 7.01 (Regulation FD Disclosure) and does not contain material financial changes or structural shifts.
📋 Key Facts
- The filing was submitted on December 5, 2024.
- The primary purpose is to provide an update regarding the company's consumer insurance initiative via a press release (Exhibit 99.1).
- The information provided under Item 7.01 is considered 'furnished' rather than 'filed', meaning it is not subject to the same liability standards as traditional filed content.
Genie Energy Ltd. announced the closing of a $7.2 million fixed-rate term loan financing secured by a portfolio of its operating solar generation assets.
📋 Key Facts
- Transaction amount: $7.2 million
- Loan type: Fixed rate term loan financing
- Collateral: A portfolio of operating solar generation assets
- Closing date: November 19, 2024
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ending September 30, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly results (Item 2.02).
- Results pertain to the quarter ended September 30, 2024.
- Earnings release was distributed via wire service and posted to the company's investor relations website on November 6, 2024.
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ended June 30, 2024.
📋 Key Facts
- The filing was made on August 6, 2024.
- The report pertains to the quarter ended June 30, 2024.
- Results were distributed via wire service and posted to the company's investor relations website.
- Information is furnished pursuant to Item 2.02 of Form 8-K.
Genie Energy Ltd. held its Annual Meeting of Stockholders on May 8, 2024. The filing reports the election of five Board of Directors nominees and approval of several shareholder proposals.
📋 Key Facts
- Annual Meeting held on May 8, 2024.
- Five Board members elected: Howard S. Jonas (92.48%), Joyce Mason (99.05%), W. Wesley Perry (90.80%), Alan B. Rosenthal (90.81%), and Allan Sass (96.19%).
- Shareholders approved an amendment to the 2021 Stock Option and Incentive Plan, increasing Class B common stock availability by 180,000 shares.
- Shareholders approved advisory votes on executive compensation with a 99.92% approval rate.
- The Board determined that future advisory votes on executive compensation will occur once every three years (following shareholder preference for the 'Three Years' option).
Genie Energy Ltd. filed an 8-K to announce its quarterly earnings results for the period ended March 31, 2024.
📋 Key Facts
- The filing is a standard announcement of quarterly results under Item 2.02.
- Earnings release was distributed via wire service and posted to the company's investor relations website on May 8, 2024.
- The report pertains to the quarter ended March 31, 2024.
Genie Energy Ltd. filed an 8-K to provide an investor presentation under Regulation FD on March 13, 2024. The filing contains no material changes to business operations, financial position, or corporate structure.
📋 Key Facts
- The company provided a slide presentation (Exhibit 99.1) to certain investors and made it available on its website.
- Filing date: March 13, 2024.
- The information is being furnished under Item 7.01 of Form 8-K pursuant to Regulation FD.
Genie Energy Ltd. filed an 8-K to announce its earnings results for the quarter and full year ended December 31, 2023. The filing serves as a formal mechanism to distribute the company's quarterly financial performance via press release.
📋 Key Facts
- Earnings release issued on March 11, 2024.
- Covers results of operations for the quarter and full year ended December 31, 2023.
- Information furnished under Item 2.02 (Results of Operations and Financial Condition).
Genie Energy Ltd. announced an amended and restated employment agreement for its CFO, Avi Goldin, effective January 1, 2024. The company also issued a press release regarding forthcoming dividends.
🚩 Red Flags
- None identified in this specific filing.
📋 Key Facts
- The Compensation Committee approved the Fourth Amended and Restated Employment Agreement for CFO Avi Goldin on February 8, 2024.
- The agreement is effective as of January 1, 2024.
- Agreement terms include a three-year term with an annual base salary of $425,000.
- Includes an annual guaranteed bonus of $150,000 plus discretionary performance bonuses.
- The filing includes a press release regarding forthcoming dividends to Class A and Class B common stockholders.
Genie Energy Ltd. announced a significant one-time, non-cash charge of approximately $45.0 million related to insurance loss reserves for its new captive self-insurance entity. The company also noted an expansion in its consumer product portfolio and enhanced risk management initiatives.
🚩 Red Flags
- Significant non-cash charge ($45M) represents a substantial portion of capital/earnings impact for the quarter.
- Use of a 'captive' insurance subsidiary can sometimes be used to manage volatility, but here it resulted in a large immediate loss reserve requirement.
📋 Key Facts
- The Company concluded on January 23, 2024, that it must record a non-recurring, non-cash charge of approximately $45.0 million for Q4 2023.
- The charge is related to an insurance loss reserve for coverage provided by the company's wholly-owned 'captive' insurance subsidiary.
- In Q4 2023, the Company paid $51 million in premiums to this captive entity.
- The company is expanding its consumer product portfolio as per a press release dated January 26, 2024.