 | |
| Company type | Public |
|---|---|
| NYSE: GNE (Class B) Russell Microcap Index component | |
| Industry | Oil and gas industry Electricity |
| Founder | Howard Jonas |
| Headquarters | , United States |
Key people | Michael Stein (CEO) Avi Goldin (CFO) Geoff Rochwarger (Vice Chairman) Michael Stein (COO and CEO of Genie Retail Energy) |
| Revenue | US$280.30 million (2018)[1] |
| US$9.02 million (2018)[1] | |
| US$22.78 million (2018)[1] | |
| Total assets | US$146.86 million (2018)[1] |
| Total equity | US$92.66 million (2018)[1] |
| Subsidiaries | Genie Retail Energy Genie Oil and Gas |
| Website | www |
Genie Energy Ltd. is an American energy company headquartered in Newark, New Jersey. It is a holding company comprising Genie Retail Energy, Genie Retail Energy International, Genie Energy Services, and Genie Energy Oil and Gas. Michael Stein is the Chief Executive Officer, Genie Energy Ltd.[2]
In 2004, seeking to diversify, IDT Telecom’s Founder, Chairman and CEO, Howard Jonas, launched its first Retail Energy Provider or “REP” and enrolled its first energy supply customers. Then, in October, 2011, Genie Energy Ltd. (NYSE:GNE), was spun-off from IDT Corporation as an independent public company, at which point Class B common stock of Genie Energy Ltd. began trading on the NYSE under the ticker symbol "GNE".
Genie's founder and chairman is Howard Jonas. Michael Stein is the company's Chief Executive Officer of Genie Energy and Chief Executive Officer of Genie Retail Energy. Avi Goldin serves as the company's CFO.
The president of its Israeli subsidiary is Effie Eitam. Genie Energy's Strategic advisory board is composed of: Dick Cheney since 2009 (former vice president of the United States),[3] Rupert Murdoch (media mogul and chairman of News Corp), James Woolsey (former CIA director), Larry Summers (former head of the US Treasury), Michael Steinhardt, Jacob Rothschild,[4][5] and Mary Landrieu, former United States Senator from Louisiana.
In 2013, IDT Energy, Inc., a subsidiary of Genie Energy, acquired both Dallas-based Diversegy, LLC a commercial energy advisory and its network marketing channel, Epiq Energy. They are now wholly owned subsidiaries of Genie Energy Ltd.[6]
- ^ a b c d e "Annual Report 2018" (PDF). Genie Energy. Retrieved 2019-05-05.
- ^ "Michael Stein Chief Executive Officer, Genie Energy Ltd profile". Bloomberg News. Retrieved 2022-03-20.
- ^ "Oil in the Levant attracts intermediaries: Impending oil exploration in the strategic Golan Heights and off the coast of Lebanon has inspired a number of ex-political figures to hone their advisory skills". Intelligence Online. 27 February 2013. Archived from the original on 24 May 2021. Retrieved 5 January 2021.
- ^ "Business and Financial Leaders Lord Rothschild and Rupert Murdoch Invest in Genie Oil & Gas". Business Wire. 2010-11-15. Retrieved 2016-12-19.
- ^ "Black gold under the Golan". The Economist. 7 November 2015. Retrieved 10 December 2016.
- ^ "SWA advises IDT Energy on its Acquisition of Diversegy, LLC". SWA Legal. Retrieved 4 July 2017.