Genie Energy Ltd. reported earnings results for the second quarter and six months ended June 30, 2022. For the second quarter, the company reported sales was USD 70.93 million compared to USD 73.76 million a year ago. Revenue was USD 75.03 million compared to USD 76.38 million a year ago. Net income was USD 34.48 million compared to USD 5.37 million a year ago. Basic earnings per share from continuing operations was USD 1.33 compared to USD 0.31 a year ago. Diluted earnings per share from continuing operations was USD 1.3 compared to USD 0.31 a year ago. Basic earnings per share was USD 1.33 compared to USD 0.19 a year ago. Diluted earnings per share was USD 1.3 compared to USD 0.19 a year ago.
For the six months, sales was USD 167.22 million compared to USD 178.66 million a year ago. Revenue was USD 173.55 million compared to USD 183.87 million a year ago. Net income was USD 52.37 million compared to USD 3.38 million a year ago. Basic earnings per share from continuing operations was USD 2.01 compared to USD 0.27 a year ago. Diluted earnings per share from continuing operations was USD 1.97 compared to USD 0.26 a year ago. Basic earnings per share was USD 2.01 compared to USD 0.1 a year ago. Diluted earnings per share was USD 1.97 compared to USD 0.1 a year ago.