Genie Energy: Genie Energy Q4 Adj. Net Income Declines; Revenue Down 1.9%

Genie Energy (GNE) posted a fourth quarter net loss to stockholders from continuing operations of $12.9 million, or $0.47 per share, compared to a net loss of $25.0 million, or $0.91 per share, a year ago. Non-GAAP net income and non-GAAP EPS was $6.5 million and $0.24 compared to $10.0 million and $0.37, respectively, last year. Adjusted EBITDA decreased 2.8% to $11.1 million. Revenue decreased 1.9% to $102.9 million.