Genie Energy Ltd. (GNE) Q3 2024 Earnings Call Transcript Summary
Genie Energy Ltd. (GNE) Q3 2024 Earnings Call Transcript Summary
Consolidated gross profit was $37.9 million with a gross margin improvement to 33.9%.The following is a summary of the Genie Energy Ltd. (GNE) Q3 2024 Earnings Call Transcript:
以下是genie energy ltd. (gne) 2024年第三季度業績會議呼叫交易摘要：
Financial Performance:
財務表現:
Genie Energy reported a strong financial performance in Q3 with $14 million in adjusted EBITDA and a total of $37 million in adjusted EBITDA for the first nine months of 2024.
Total Q3 revenue was $111.9 million, although there was a decrease of 10.5% due to lower kilowatt hours sold, primarily from GRE impacting revenue with a decrease of 12.1% to $105.8 million.
Consolidated gross profit was $37.9 million with a gross margin improvement to 33.9%.
GRE's gross margin slightly decreased by 10 basis points to 33.8%, while GREW's gross profit jumped considerably due to high margin revenues.
genie energy報告第三季度強勁的財務業績，調整後的EBITDA達到1400萬美元，2024年前九個月總計達到3700萬美元。
第三季度總營業收入爲11190萬美元，儘管由於出售的千瓦時較少，主要是由於GRE對營收影響較大，營收下降了10.5%至10580萬美元。
合併毛利潤爲3790萬美元，毛利率提高至33.9%。
GRE的毛利率略微下降了10個點子至33.8%，而GREW的毛利潤由於高邊際收入的增加而大幅跳升。
Business Progress:
業務進展：
Genie Energy expanded its operational footprint by entering the California natural gas market, targeting residential customers, expected to start serving in Q4.
The GRE division reported approximately 36,000 net new meters, growing to 399,000 meters served, a 3.5% increase.
Genie Energy's renewable energy segment, GREW, is repositioning to focus on utility-scale projects, moving away from commercial and industrial, which doubled revenue compared to the previous year.
genie energy通過進入加州天然氣市場拓展了其業務範圍，目標客戶爲居民客戶，預計將在第四季度開始提供服務。
GRE部門報告稱，淨新增表具約爲36,000個，增至399,000個已服務表具，增長3.5%。
Genie Energy的可再生能源部門GREW正在重新定位，專注於實用規模項目，擺脫商業和工業，與去年相比收入翻倍。
Opportunities:
機會：
Expanded into California, now serving electricity and/or natural gas in 19 states plus Washington, D.C., which diversifies portfolio and mitigates regional energy market volatility.
Continued focus and growth in utility-scale solar projects enhances efficiency and profit generation with significant contributions expected from operational arrays.
已擴展至加利福尼亞，目前在19個州及華盛頓特區提供電力和/或天然氣，這種多元化投資組合和區域型能源市場波動的緩解。
繼續專注和發展實用規模太陽能項目，提高效率和利潤生成，預計運營陣列將做出重大貢獻。
Risks:
風險：
Market volatility affecting kilowatt-hour sales led to a revenue decline in GRE's segment.
Higher SG&A expenses due to aggressive customer acquisition, despite decreasing consumption, reflecting increased operational costs.
市場波動影響千瓦時銷售，導致GRE部門營收下降。
由於積極的客戶獲取導致較高的銷售、總務及行政費用，儘管消耗降低，反映了增加的運營成本。
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。
