Brief: Genie Energy Q1 Earnings Per Share $0.20

Genie Energy

07/05/2020 13:26

Genie Energy Ltd  GNE.N :
    * . REPORTS FIRST QUARTER 2020 RESULTS
    * Q1 REVENUE ROSE 20.1 PERCENT TO $104.1 MILLION
    * Q1 EARNINGS PER SHARE $0.20
    * AT MARCH 31, 2020, GENIE ENERGY HAD $157.2 MILLION IN
TOTAL
ASSETS, INCLUDING $36.4 MILLION IN CASH, CASH EQUIVALENTS AND
RESTRICTED CASH
    * HAS DECLARED A Q1 DIVIDEND OF $0.085, A $0.01 INCREASE
FROM
PRIOR QUARTERS
    * GENIE ENERGY - WITH OUR DIVERSIFIED MARKETS, LIQUID
BALANCE
SHEET,VERY LOW LEVEL OF LONG-TERM DEBT, ARE POSITIONED TO BUILD
ON Q1'S TERRIFIC MOMENTUM
    * GENIE'S BOARD OF DIRECTORS HAS INCREASED OUR QUARTERLY
DIVIDEND
13% TO $0.085 PER SHARE
    * OUR OUTLOOK REMAINS POSITIVE
    * ANTICIPATE THAT COVID-19 WILL HAVE A MIXED IMPACT ON OUR
BUSINESS OPERATIONS AND FINANCIAL RESULTS

Source text for Eikon:  ID:nPnbtH01ma 
Further company coverage:  GNE.N