Earnings Call Summary | Genie Energy(GNE.US) Q4 2023 Earnings Conference
Earnings Call Summary | Genie Energy(GNE.US) Q4 2023 Earnings Conference
The following is a summary of the Genie Energy Limited (GNE) Q4 2023 Earnings Call Transcript:
以下是精靈能源有限公司（GNE）2023年第四季度業績電話會議記錄摘要：
Financial Performance:
財務業績：
Genie Energy reported record revenue for Q4 and 2023, with a consolidated revenue increase of 29% to $105 million in Q4 and 36% to $429 million for the whole year.
Adjusted EBITDA was $57 million in 2023, surpassing guidance, although Q4 adjusted EBITDA saw a decrease to $11.4 million compared to $18.5 million the previous year.
Q4 consolidated gross profit saw a decrease of 3% to $34 million, with the annual gross profit also decreasing by 6% to $146 million.
A substantial consolidated loss from operations of $34.2 million was recorded in Q4, attributed to a noncash insurance charge and higher SG&A costs.
The diluted EPS for Q4 and the full year stood at -$0.90 and $0.74 respectively.
Cash, cash equivalents, long and short-term restricted cash, and marketable equity securities increased by $19.6 million during Q4 to total $163.4 million at year-end.
吉尼能源公佈了第四季度和2023年創紀錄的收入，第四季度的合併收入增長了29％，達到1.05億美元，全年收入增長了36％，達到4.29億美元。
2023年調整後的息稅折舊攤銷前利潤爲5700萬美元，超過了預期，儘管第四季度調整後的息稅折舊攤銷前利潤從去年的1,850萬美元下降至1140萬美元。
第四季度合併毛利下降了3％，至3,400萬美元，年度毛利也下降了6％，至1.46億美元。
第四季度出現了3,420萬美元的巨額合併運營虧損，這歸因於非現金保險費用和更高的銷售和收購成本。
第四季度和全年攤薄後的每股收益分別爲-0.90美元和0.74美元。
現金、現金等價物、長期和短期限制性現金以及有價股票證券在第四季度增加了1,960萬美元，年底總額爲1.634億美元。
Business Progress:
業務進展：
Customer growth has been solid, with an increase of 31% and 34% in the customer base and RCEs respectively, ending the year with 361,000 customers and 350,000 RCEs.
Genie completed an acquisition of a 9.4 megawatt operating portfolio in Q4, advancing their strategy.
The company's development pipeline is progressing with a focus on projects that will provide recurring revenue streams.
For the fiscal year 2024, Genie expects consolidated adjusted EBITDA between $40-$50 million, fuelled by customer base expansion and enhancements in operations.
Planned investments continue in new retail customer acquisitions and Diversegy and other third-party businesses are expected to grow.
Over $20 million was returned to shareholders in 2023 through dividends, common stock repurchases, and preferred stock redemptions, with plans to further return value to stockholders in 2024.
客戶增長穩健，客戶群和RCE分別增長了31％和34％，年底有36.1萬名客戶和35萬名RCE。
Genie在第四季度完成了對9.4兆瓦運營投資組合的收購，推進了他們的戰略。
該公司的開發渠道正在取得進展，重點是提供經常性收入來源的項目。
Genie預計，在客戶群擴大和運營改善的推動下，2024財年的合併調整後息稅折舊攤銷前利潤在4000萬至5000萬美元之間。
計劃中的新零售客戶收購投資仍在繼續，Diversegy和其他第三方業務預計將增長。
2023年通過分紅、普通股回購和優先股贖回了超過2000萬美元的股東，並計劃在2024年進一步向股東返還價值。
More details: Genie Energy IR
更多詳情： 精靈能量紅外
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：欲了解更多詳情，請訪問投資者關係網站。本文僅供投資者參考，不構成任何投資建議。
譯文內容由第三人軟體翻譯。