Genie Energy (GNE) Earnings & Revenues Decline Y/Y in Q2

Genie Energy Ltd. (GNE) reported a mixed performance for the second quarter of 2024, reflecting both challenges and strengths within its core operations. While the retail energy segment struggled with declining revenues and margins, the renewables segment showed promising growth and improved profitability. The company reported year-over-year declines in earnings per share and total revenues, reflecting the impacts of reduced electricity meter counts and the normalization of electricity sales margins. Howeve ...