NEWARK, N.J., March 8, 2017 /PRNewswire/ — Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2016 revenue of $51.5 million and a net loss attributable to common stockholders of $1.2 million — $0.05 per basic and diluted share. For the full year 2016, Genie Energy reported revenue of $212.1 million and a net loss attributable to common stockholders of $26.0 million — $1.14 per basic and diluted share.
HIGHLIGHTS
- Genie Energy’s Board of Directors has increased the quarterly dividend on Genie Energy’s Class A and Class B common stock by 25% and declared a 4Q16 dividend of $0.075 to be paid on or about March 24, 2017. The Board also named Michael Stein as the company’s Chief Operating Officer.
- Genie Retail…