Earnings Call Summary | Genie Energy(GNE.US) Q2 2024 Earnings Conference
Earnings Call Summary | Genie Energy(GNE.US) Q2 2024 Earnings Conference
Adjusted EBITDA for the quarter was $12 million, representing a decrease from the previous year's $15.8 million.The following is a summary of the Genie Energy Ltd. (GNE) Q2 2024 Earnings Call Transcript:
以下是genie energy有限公司(GNE)2024年第二季度業績會的摘要:
Financial Performance:
金融業績：
Genie Energy reported consolidated revenue of $90.7 million for Q2 2024, a decrease of 3% year-over-year.
Consolidated gross profit was $33.3 million with a gross margin of 36.8%.
Adjusted EBITDA for the quarter was $12 million, representing a decrease from the previous year's $15.8 million.
The company repurchased approximately 170,000 shares of common stock and paid regular quarterly dividends, aiming to return value to shareholders.
2024年第二季度，Genie Energy的營業收入爲9070萬美元，同比下降3%。
整體毛利潤爲3330萬美元，毛利率達36.8%。
本季度調整後的EBITDA爲1200萬美元，同比下降。上年爲1580萬美元。
該公司回購了約170,000股普通股並支付了定期季度分紅，旨在爲股東創造價值。
Business Progress:
業務進展：
Genie Energy's Diversegy showed over 50% revenue growth, marking its 11th consecutive quarter of revenue increase.
Genie Solar recognized its first full quarter of revenue from operating solar farms and made progress on several new projects in the pipeline.
GRE expects a significant increase in customers from a new aggregation deal in the coming quarter.
Continued investments are being made in developing utility-scale solar projects, which are expected to drive long-term value.
Genie Energy的Diversegy顯示超過50%的營業收入增長，標誌着它連續第11個季度實現營收增長。
genie solar實現了第一個完整季度的光伏電站收入並在一些在建項目上取得了進展。
GRE預計新的聚合協議將在未來季度中大幅增加客戶數量。
繼續投資於開發規模化太陽能項目，預計將推動長期價值。
Opportunities:
機會：
Expansion and operational progress in Genie Solar's projects present new opportunities for long-term revenue streams.
The new aggregation deal expected to significantly increase customers for GRE could further enhance growth.
Genie Solar項目的擴張和運營進展爲長期收入流提供了新機遇。
可望通過新的聚合協議預計將大幅增加GRE客戶，這可能進一步增強增長。
Risks:
風險：
The decrease in gross profit and the variances in financial measures year-over-year expose Genie Energy to financial vulnerabilities amid its robust expansion and investment initiatives.
Electric meter counts were slightly lower than last year which could impact future revenue stability.
毛利潤的下降以及財務指標的年度差異使genie energy在其強勁的擴張和投資計劃中面臨財務風險。
電錶計數略低於去年，可能影響未來的收入穩定性。
More details: Genie Energy IR
更多詳細信息：Genie Energy IR
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。