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Genie Energy (GNE) Investor Presentation - Slideshow
Genie EnergyGenie Energy(US:GNE)2019-12-15 20:04

Company Overview - Genie Energy Ltd is listed on the NYSE under the symbol GNE, with a stock price of $8.27, approximately 26.8 million shares outstanding, and a market capitalization of $220 million[5] - The company also has Series 2012-A Preferred Stock listed on the NYSE under the symbol GNEPRA, with a stock price of $8.84 and approximately 2.3 million shares outstanding[6] - As of September 30, 2019, Genie Energy had $45.3 million in cash and $2.6 million in debt[7] - For the trailing twelve months (TTM) ended September 30, 2019, Genie Energy reported revenue of $296.1 million, income from operations of $7.0 million, and adjusted EBITDA of $8.7 million[7] Business Segments and Growth - Genie Retail Energy operates in 14 states and D C in the domestic market[11] - Genie Energy has expanded its retail energy business internationally, including operations in the UK, Finland (with 3.4 million meters), and Japan (with 83 million electric meters)[9, 17] - In Texas, a large and diverse addressable market, 92% of customers have switched providers since inception of deregulation[13] - Genie International crossed the 100k meter mark in 3Q19[17] Financial Performance - Genie Energy's consolidated revenue for the trailing twelve months (TTM) ended September 30, 2019, was $296.1 million[7, 20] - The adjusted EBITDA for the same period was $8.7 million[7, 20]