Genie Energy Reports Q3 Earnings Growth and Outlines Capacity Expansion Plan
Genie Energy (GNE) reported strong third-quarter financial results, highlighted by a 72% year-over-year increase in income from operations to $12.7 million. The company also saw earnings per share rise by $0.14 compared to the previous year, reaching $0.39, driven by margin expansion and bottom-line gains. Looking ahead, management has outlined a strategic growth plan to double its Roded capacity by the third quarter of 2027. The company remains focused on meeting its adjusted EBITDA guidance targets for 2026 as it executes this expansion.
Tickers: $GNE
Topics: earnings report EPS growth margin expansion operating income
Read the full article at Seeking Alpha
Part of the story Life Time Group Holdings Reports 14.2% Revenue Growth in Q3 and Outlines Future Expansion Plans (5 articles)