Genie Energy Ltd. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 89.17 million compared to USD 63.16 million a year ago. Revenue was USD 93.46 million compared to USD 66.94 million a year ago. Net income was USD 15.16 million compared to USD 34.48 million a year ago. Basic earnings per share from continuing operations was USD 0.46. Diluted earnings per share from continuing operations was USD 0.45. Basic earnings per share was USD 0.58 compared to USD 1.33 a year ago. Diluted earnings per share was USD 0.57 compared to USD 1.3 a year ago.
For the six months, sales was USD 190.59 million compared to USD 147.04 million a year ago. Revenue was USD 198.74 million compared to USD 152.87 million a year ago. Net income was USD 29.59 million compared to USD 52.37 million a year ago. Basic earnings per share from continuing operations was USD 0.9. Diluted earnings per share from continuing operations was USD 0.88. Basic earnings per share was USD 1.15 compared to USD 2.01 a year ago. Diluted earnings per share was USD 1.12 compared to USD 1.97 a year ago.