Financial Data and Key Metrics Changes - Consolidated revenue increased by 14.3% or $17.1 million to $136.8 million, driven by strong performance in Genie Retail Energy [12] - Consolidated gross profit rose by 10.6% to $37.4 million, while gross margin decreased by 90 basis points to 27.3% [13][14] - Consolidated net income attributable to stockholders increased by $10.6 million or $0.40 per share from $8.1 million or $0.30 per share a year earlier [15] Business Line Data and Key Metrics Changes - Genie Retail Energy (GRE) revenue jumped 17.8% to $132.5 million, primarily due to investments made to grow the customer base [12] - Electricity revenue climbed 16.4% to $104.1 million, contributing 78.6% of GRE's revenues, with kilowatt hours sold increasing by 23.5% [12] - Revenue from natural gas sales increased by 26.8% to $28.4 million [13] - Genie Renewable Utility (GRU) revenue decreased by 40% to $4.3 million, largely due to a pivot from the commercial project market [13] Market Data and Key Metrics Changes - Customer churn in the first quarter was 5.5%, unchanged from the year-ago quarter [6] - The company ended the quarter with approximately 413,000 meters served, comprising 402,000 Residential Customer Equivalents (RCEs) [5] Company Strategy and Development Direction - The company is focused on expanding its customer base and has begun marketing in California, with plans to offer gas in Kentucky in the second quarter [6] - The community solar project in Lansing, New York, is on track for completion in the third quarter and is expected to be EBITDA accretive immediately upon going online [7][8] - The diversity energy brokerage business has transitioned from EBITDA negative to generating positive cash flow, indicating a strategic shift towards more profitable operations [9] Management's Comments on Operating Environment and Future Outlook - Management highlighted strong operational and financial results, indicating a return to normalized results for the retail energy business [4] - The company confirmed its full-year adjusted EBITDA guidance of $40 million to $50 million, suggesting confidence in future performance [17] Other Important Information - The company returned $3.9 million to stockholders through dividends and share repurchases during the first quarter [9] - Cash, cash equivalents, and marketable securities totaled $210.2 million as of March 31, 2025, an increase of $9.2 million in the quarter [15] Q&A Session Summary - There were no questions during the Q&A session, leading to the conclusion of the conference call [18]