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Genie Energy (GNE) Company Profile

Updated Aug 8, 2019
Genie Energy has the following business profile:
Company's Full Name:Genie Energy Ltd.
Short Name:Genie Energy
Trading Ticker Symbol:GNE
Primary Exchange:NYSE
Headquarter City/Country:New Jersey, NJ
Primary Industry Sector:Public Utilities
Seconday Sub-sector:Power Generation
Main Business Areas: Public Utilities, Power Generation, Energy, Oil & Gas E&P
Dividend Payments:Dividend History

Market and Trading Information for Genie Energy

The following details were available for trading and market data about the stock of Genie Energy as of writing:
Current Share Price:$7.15
Previous Year's Closing Price:$6.03
Percentage Price Change (YTD):18.57%
Market Cap:$179.67 million
52-week Price Range:$5.08 - $11.98
Dividend Per Share:$0.3
EPS (TTM):0.59
Price-Earnings (Trailing):12.12
Price-Earnings (Forward):7.53

Company Profile and Business Description for Genie Energy

Genie Energy Ltd. (Genie), incorporated on January 10, 2011, owns interest in its subsidiary, Genie Energy International Corporation (GEIC), which owns Genie Retail Energy (GRE) and Genie Oil and Gas, Inc. (GOGAS). The Company consists of two businesses: GRE and GOGAS. The Company operates through three segments: Genie Retail Energy, Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas. The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. (IDT Energy) and Residents Energy, Inc. (Residents Energy), and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers in the Eastern United States. The GOGAS segment is an oil and gas exploration company.

Genie Retail Energy

The GRE segment acts through various subsidiaries, resells electricity and natural gas to residential and small business customers operating in the Mid-Atlantic and Midwestern United States. It also provides brokerage and advisory services to commercial customers in deregulated markets.

Afek Oil and Gas, Ltd.

The Company has interest in Afek, which operates an oil and gas exploration project in the Golan Heights in Northern Israel. Afek is conducting an exploratory drilling program of approximately 10 wells throughout its license area, as well as a well flow test program.

Genie Oil and Gas

The GOGAS segments' projects include an oil and gas exploration project in Israel operated by its subsidiary, Afek Oil and Gas, Ltd. The Company has over three year petroleum exploration license covering approximately 396.5 square kilometers in the southern portion of the Golan Heights. It consists of early-stage oil shale projects, including its interest in Genie Mongolia, Inc. (Genie Mongolia), an oil shale exploration project; American Shale Oil Corporation (AMSO), which holds and manages an interest in AMSO, LLC, an oil shale development project, and Israel Energy Initiatives, Ltd. (IEI), an oil shale development project.

520 Broad St

Peer / Competitor Companies of Power Generation Sector

Along with Genie Energy Ltd., the following other peer (competitor) companies also exist within the same Power Generation - Public Utilities sector whose company profile and dividend history is as follows:

▶ Allete (ALE): ALLETE, Inc., incorporated on January 25, 1906, is an energy company. The Companys segments include Regulated Operations, ALLETE Clean Energy, Inc. (ALLETE Clean Energy), U.S. Water Services Holding Company (U.S. ....See Detailed Company Profile  and Dividend History.

▶ Alliant Energy (LNT): Alliant Energy Corporation (Alliant Energy), incorporated on April 22, 1981, operates as a utility holding company. The Companys segments include Utility and Non-regulated, Parent and Other. The Utility segment includes ....See Detailed Company Profile  and Dividend History.

▶ Ameren (AEE): Ameren Corporation (Ameren), incorporated on August 7, 1995, is a utility holding company. The Companys primary assets are its equity interests in its subsidiaries, including Ameren Missouri, Ameren Illinois and ....See Detailed Company Profile  and Dividend History.

▶ American DG Energy (ADGE): American DG Energy Inc., incorporated on June 13, 2003, distributes, owns and operates clean, onsite energy systems that produce electricity, hot water, heat and cooling. The Company offers natural gas-powered ....See Detailed Company Profile  and Dividend History.

▶ Avista (AVA): Avista Corporation, incorporated on March 15, 1889, is an electric and natural gas utility company. The Company operates through two segments: Avista Utilities, and Alaska Electric Light and Power Company ....See Detailed Company Profile  and Dividend History.

▶ CMS Energy (CMS): CMS Energy Corporation (CMS Energy), incorporated on February 26, 1987, is an energy company operating primarily in Michigan. The Company operates through three segments: electric utility, which consists of regulated ....See Detailed Company Profile  and Dividend History.

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▶ Consolidated Edison (ED): Consolidated Edison, Inc. (Con Edison), incorporated on September 3, 1997, is a holding company. The Company operates through its subsidiaries, which include Consolidated Edison Company of New York, Inc. (CECONY), ....See Detailed Company Profile  and Dividend History.

▶ Duke Energy (DUK): Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial ....See Detailed Company Profile  and Dividend History.

▶ Duke Energy (DUKH): Duke Energy Corporation (Duke Energy), incorporated on May 3, 2005, is an energy company. The Company operates through three segments: Electric Utilities and Infrastructure; Gas Utilities and Infrastructure, and Commercial ....See Detailed Company Profile  and Dividend History.

▶ Entergy New Orleans (ENJ): Entergy New Orleans, Inc., incorporated on January 11, 1926, is an electric and gas utility company. The Company provides electric and gas service in the City of New Orleans. The ....See Detailed Company Profile  and Dividend History.

▶ Entergy New Orleans (ENO): Entergy New Orleans, Inc., incorporated on January 11, 1926, is an electric and gas utility company. The Company provides electric and gas service in the City of New Orleans. The ....See Detailed Company Profile  and Dividend History.

▶ Exelon (EXC): Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. ....See Detailed Company Profile  and Dividend History.

▶ Exelon (EXCU): Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. ....See Detailed Company Profile  and Dividend History.

▶ Niagara Mohawk (NMK^B): ....See

▶ Niagara Mohawk (NMK^C): ....See

▶ NiSource (NI): NiSource Inc., an energy holding company, operates as a regulated natural gas and electric utility company in the United States. The company operates in two segments, Gas Distribution Operations and E....See Detailed Company Profile  and Dividend History.

▶ NorthWestern (NWE): NorthWestern Corporation, doing business as North-Western Energy, incorporated on November 27, 1923, provides electricity and natural gas. The Companys segments are Electric operations, Natural gas operations and All other. As ....See Detailed Company Profile  and Dividend History.

▶ PG&E (PCG): PG&E Corporation, incorporated on November 17, 1995, is a holding company. The Companys primary operating subsidiary is Pacific Gas and Electric Company (the Utility), which operates in northern and central ....See Detailed Company Profile  and Dividend History.

▶ Public Serv. (PEG): Public Service Enterprise Group Incorporated (PSEG), incorporated on July 25, 1985, is a holding company. The Company is an energy company with operations located primarily in the Northeastern and Mid- ....See Detailed Company Profile  and Dividend History.

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