Genie Energy Ltd. reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was USD 79.92 million compared to USD 86.32 million a year ago. Revenue was USD 81.29 million compared to USD 87.66 million a year ago. Net income was USD 18.77 million compared to net loss of USD 2.29 million a year ago. Basic earnings per share was USD 0.73 compared to basic loss per share of USD 0.1 a year ago. Diluted earnings per share was USD 0.7 compared to diluted loss per share of USD 0.1 a year ago.
For the nine months, sales was USD 226.96 million compared to USD 247.88 million a year ago. Revenue was USD 234.15 million compared to USD 254.06 million a year ago. Net income was USD 71.14 million compared to USD 1.1 million a year ago. Basic earnings per share was USD 2.72. Diluted earnings per share was USD 2.65.