Genie Energy (GNE) 10-Q 7 Nov 24 2024 Q3 Quarterly report Financial data

Document and Entity Information

Document and Entity Information - shares	9 Months Ended
	Sep. 30, 2024	Nov. 06, 2024
Document Information [Line Items]
Entity Registrant Name	Genie Energy Ltd.
Entity Central Index Key	0001528356
Document Type	10-Q
Document Period End Date	Sep. 30, 2024
Amendment Flag	false
Current Fiscal Year End Date	--12-31
Entity Shell Company	false
Document Fiscal Period Focus	Q3
Entity Current Reporting Status	Yes
Entity Filer Category	Accelerated Filer
Entity Small Business	false
Document Fiscal Year Focus	2024
Entity Emerging Growth Company	false
Entity File Number	1-35327
Entity Tax Identification Number	45-2069276
Entity Interactive Data Current	Yes
Entity Incorporation, State or Country Code	DE
Trading Symbol	GNE
Title of 12(b) Security	Class B common stock, par value $0.01 per share
Security Exchange Name	NYSE
Document Quarterly Report	true
Document Transition Report	false
Entity Address, Address Line One	520 Broad Street
Entity Address, City or Town	Newark
Entity Address, State or Province	NJ
Entity Address, Postal Zip Code	07102
City Area Code	973
Local Phone Number	438-3500
Class A Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		1,574,326
Class B Common Stock
Document Information [Line Items]
Entity Common Stock, Shares Outstanding		25,625,581

CONSOLIDATED BALANCE SHEETS (Un

CONSOLIDATED BALANCE SHEETS (Unaudited) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Current assets:
Cash and cash equivalents (including amounts related to variable interest entity of $240 and $245 at September 30, 2024 and December 31, 2023, respectively)	$ 136,295	$ 107,609
Restricted cash—short-term (including amounts related to variable interest entity of $34 and $20 at September 30, 2024 and December 31, 2023, respectively)	7,686	10,442
Marketable equity securities	420	396
Trade accounts receivable, net of allowance for doubtful accounts of $7,697 and $6,574 at September 30, 2024 and December 31, 2023, respectively (including amounts related to variable interest entity of $176 and $275 at September 30, 2024 and December 31, 2023, respectively)	50,335	61,909
Inventory	8,513	14,598
Prepaid expenses (including amounts related to variable interest entity of $347 and $313 at September 30, 2024 and December 31, 2023, respectively)	11,408	16,222
Other current assets	6,726	5,475
Current assets of discontinued operations	6,280	13,182
Total current assets	227,663	229,833
Restricted cash—long-term	47,271	44,945
Property and equipment, net	22,396	15,192
Goodwill	12,690	9,998
Other intangibles, net	2,459	2,735
Deferred income tax assets, net	5,197	5,200
Other assets (including amounts related to variable interest entity of $363 and $360 at September 30, 2024 and December 31, 2023, respectively)	18,821	15,247
Noncurrent assets of discontinued operations	5,184	7,405
Total assets	341,681	330,555
Current liabilities:
Trade accounts payable	23,679	27,881
Accrued expenses (including amounts related to variable interest entity of $500 and $533 at September 30, 2024 and December 31, 2023, respectively)	44,211	49,389
Income taxes payable	12,988	6,699
Current liabilities of discontinued operations	1,637	4,858
Total current liabilities	88,825	98,252
Noncurrent captive insurance liability	47,271	44,945
Notes payable	1,775
Other liabilities	2,821	2,212
Noncurrent liabilities of discontinued operations	703	638
Total liabilities	141,395	146,047
Commitments and contingencies
Genie Energy Ltd. stockholders’ equity:
Preferred stock, $0.01 par value; authorized shares—10,000: Series 2012-A, designated shares—8,750; at liquidation preference, consisting of 0 shares issued and outstanding at September 30, 2024 and December 31, 2023
Additional paid-in capital	158,570	156,101
Treasury stock, at cost, consisting of 3,659 and 2,944 shares of Class B common stock at September 30, 2024 and December 31, 2023	(34,951)	(22,661)
Accumulated other comprehensive income	5,212	3,299
Retained earnings	81,959	60,196
Total Genie Energy Ltd. stockholders’ equity	211,099	197,239
Noncontrolling interests:
Noncontrolling interests	(9,943)	(12,731)
Receivable from issuance of equity	(870)
Total noncontrolling interests	(10,813)	(12,731)
Total equity	200,286	184,508
Total liabilities and equity	341,681	330,555
Related Party [Member]
Current liabilities:
Other current liabilities	116	145
Nonrelated Party [Member]
Current liabilities:
Other current liabilities	6,194	9,280
Class A Common Stock
Genie Energy Ltd. stockholders’ equity:
Common stock value	16	16
Class B Common Stock
Genie Energy Ltd. stockholders’ equity:
Common stock value	$ 293	$ 288

CONSOLIDATED BALANCE SHEETS (_2

CONSOLIDATED BALANCE SHEETS (Unaudited) (Parenthetical) - USD ($) shares in Thousands, $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Cash and cash equivalents	$ 136,295	$ 107,609
Restricted cash—short-term	7,686	10,442
Trade accounts receivable, net of allowance for doubtful accounts	50,335	61,909
Allowance for doubtful accounts, trade accounts receivable (in dollars)	7,697	6,574
Prepaid expenses	11,408	16,222
Other assets	18,821	15,247
Accrued expenses	$ 44,211	$ 49,389
Preferred stock, par value (In dollars per share)	$ 0.01	$ 0.01
Preferred stock, shares authorized	10,000	10,000
Series 2012-A Preferred Stock
Designated Shares	8,750	8,750
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0
Class A Common Stock
Common stock, par value (In dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	35,000	35,000
Common stock, shares issued	1,574	1,574
Common stock, shares outstanding	1,574	1,574
Class B Common Stock
Common stock, par value (In dollars per share)	$ 0.01	$ 0.01
Common stock, shares authorized	200,000	200,000
Common stock, shares issued	29,310	28,764
Common stock, shares outstanding	25,651	25,820
Treasury stock, shares	3,659	2,944
Variable Interest Entity, Primary Beneficiary [Member]
Cash and cash equivalents	$ 240	$ 245
Restricted cash—short-term	34	20
Trade accounts receivable, net of allowance for doubtful accounts	176	275
Prepaid expenses	347	313
Other assets	363	360
Accrued expenses	$ 500	$ 533

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) - USD ($) shares in Thousands, $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Revenues:
Total revenues	$ 111,917	$ 125,049	$ 322,300	$ 323,787
Cost of revenues	74,010	83,967	217,271	211,211
Gross profit	37,907	41,082	105,029	112,576
Operating expenses:
Selling, general and administrative (i)	25,160	23,196	70,076	68,380
Provision for captive insurance liability	991		2,667
Impairment of assets	80		199
Income from operations	11,676	17,886	32,087	44,196
Interest income	2,346	1,331	5,049	3,313
Interest expense	(22)	(27)	(385)	(75)
Gain on marketable equity securities and investments	122	334	349	385
Other income, net	56	(4)	1,398	3,137
Income before income taxes	14,178	19,520	38,498	50,956
Provision for income taxes	(3,924)	(5,018)	(10,309)	(12,951)
Net income from continuing operations	10,254	14,502	28,189	38,005
(Loss) income from discontinued operations, net of taxes	(25)	(304)	(435)	5,923
Net income	10,229	14,198	27,754	43,928
Net income (loss) attributable to noncontrolling interests, net	30	(261)	(179)	(118)
Net income attributable to Genie Energy Ltd.	10,199	14,459	27,933	44,046
Dividends on preferred stock				(333)
Net income attributable to Genie Energy Ltd. common stockholders	10,199	14,459	27,933	43,713
Net income (loss) attributable to Genie Energy Ltd. common stockholders
Continuing operations	10,224	14,763	28,368	37,789
Discontinued operations	(25)	(304)	(435)	5,924
Net income attributable to Genie Energy Ltd. common stockholders	$ 10,199	$ 14,459	$ 27,933	$ 43,713
Basic:
Continuing operations	$ 0.38	$ 0.55	$ 1.06	$ 1.48
Discontinued operations	0	(0.01)	(0.02)	0.23
Earnings per share attributable to Genie Energy Ltd. common stockholders	0.38	0.54	1.04	1.71
Diluted
Continuing operations	0.38	0.54	1.04	1.45
Discontinued operations	0	(0.01)	(0.01)	0.23
Earnings per share attributable to Genie Energy Ltd. common stockholders	$ 0.38	$ 0.53	$ 1.03	$ 1.68
Weighted-average number of shares used in calculation of earnings per share:
Basic	26,526	26,615	26,771	25,541
Diluted	26,868	27,362	27,161	26,056
Dividends declared per common share	$ 0.075	$ 0.075	$ 0.225	$ 0.225
Electricity [Member]
Revenues:
Total revenues	$ 100,694	$ 114,002	$ 268,390	$ 268,688
Natural gas [Member]
Revenues:
Total revenues	5,055	4,990	35,867	40,890
Other [Member]
Revenues:
Total revenues	$ 6,168	$ 6,057	$ 18,043	$ 14,209

CONSOLIDATED STATEMENTS OF OP_2

CONSOLIDATED STATEMENTS OF OPERATIONS (Unaudited) (Parenthetical) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Selling, General and Administrative Expenses [Member]
Stock-based compensation included in selling, general and administrative expenses	$ 567	$ 649	$ 1,774	$ 2,254

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Unaudited) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Consolidated Statements of Comprehensive Income [Abstract]
Net income	$ 10,229	$ 14,198	$ 27,754	$ 43,928
Other comprehensive loss:
Foreign currency translation adjustments	4,136	(552)	2,700	(508)
Comprehensive income	14,365	13,646	30,454	43,420
Comprehensive loss attributable to noncontrolling interests	(790)	261	(595)	112
Comprehensive income attributable to Genie Energy Ltd.	$ 13,575	$ 13,907	$ 29,859	$ 43,532

CONSOLIDATED STATEMENTS OF EQUI

CONSOLIDATED STATEMENTS OF EQUITY - USD ($) $ in Thousands	Total	Preferred Stock	Common Stock Class A Common Stock	Common Stock Class B Common Stock	Additional Paid-In Capital	Treasury Stock	Accumulated Other Comprehensive Income	Retained Earnings	Noncontrolling Interests	Receivable for Issuance of Equity
Beginning Balance at Dec. 31, 2022	$ 173,644	$ 8,359	$ 16	$ 271	$ 146,546	$ (19,010)	$ 1,926	$ 49,010	$ (13,474)
Beginning Balance, shares at Dec. 31, 2022		983,000	1,574,000	27,126,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(157)							(157)
Dividends on common stock	(1,951)							(1,951)
Stock-based compensation	899				899
Stock-based compensation, shares				33,000
Restricted Class B common stock purchased from employees	(165)					(165)
Redemption of preferred stock	(1,000)	$ (1,000)
Redemption of preferred stock, shares		(117,000)
Other comprehensive loss (income)	(28)						(31)		3
Net income (loss)	14,392							14,431	(39)
Ending Balance at Mar. 31, 2023	185,634	$ 7,359	$ 16	$ 271	147,445	(19,175)	1,895	61,333	(13,510)
Ending Balance, shares at Mar. 31, 2023		866,000	1,574,000	27,159,000
Beginning Balance at Dec. 31, 2022	173,644	$ 8,359	$ 16	$ 271	146,546	(19,010)	1,926	49,010	(13,474)
Beginning Balance, shares at Dec. 31, 2022		983,000	1,574,000	27,126,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income (loss)	43,928
Ending Balance at Sep. 30, 2023	207,369		$ 16	$ 288	154,948	(22,469)	1,413	86,759	(13,586)
Ending Balance, shares at Sep. 30, 2023			1,574,000	28,764,000
Beginning Balance at Mar. 31, 2023	185,634	$ 7,359	$ 16	$ 271	147,445	(19,175)	1,895	61,333	(13,510)
Beginning Balance, shares at Mar. 31, 2023		866,000	1,574,000	27,159,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on preferred stock	(176)							(176)
Dividends on common stock	(1,958)							(1,958)
Stock-based compensation	756			$ 3	753
Stock-based compensation, shares				300,000
Restricted Class B common stock purchased from employees	(2,438)					(2,438)
Redemption of preferred stock	(7,359)	$ (7,359)
Redemption of preferred stock, shares		(866,000)
Exercise of stock options	1,115			$ 3	1,112
Exercise of stock options, shares				257,000
Exercise of warrants, shares				1,048,000
Exercise of warrants	5,000			$ 11	4,989
Other comprehensive loss (income)	72						70		2
Net income (loss)	15,339							15,156	183
Ending Balance at Jun. 30, 2023	195,985		$ 16	$ 288	154,299	(21,613)	1,965	74,355	(13,325)
Ending Balance, shares at Jun. 30, 2023			1,574,000	28,764,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock	(2,055)							(2,055)
Stock-based compensation	649				649
Restricted Class B common stock purchased from employees	(856)					(856)
Other comprehensive loss (income)	(552)						(552)
Net income (loss)	14,198							14,459	(261)
Ending Balance at Sep. 30, 2023	207,369		$ 16	$ 288	154,948	(22,469)	1,413	86,759	(13,586)
Ending Balance, shares at Sep. 30, 2023			1,574,000	28,764,000
Beginning Balance at Dec. 31, 2023	184,508		$ 16	$ 288	156,101	(22,661)	3,299	60,196	(12,731)
Beginning Balance, shares at Dec. 31, 2023			1,574,000	28,765,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock	(2,121)							(2,121)
Stock-based compensation	749				749
Stock-based compensation, shares				14,000
Restricted Class B common stock purchased from employees	2,523					(2,523)
Exercise of stock options	1,016			$ 1	1,015
Exercise of stock options, shares				126,000
Purchase of equity of subsidiary	(1,200)				(316)				(884)
Repurchase of Class B common stock from stock repurchase program	(4,101)					(4,101)
Other comprehensive loss (income)	(5,082)						(5,210)		128
Net income (loss)	8,169							8,123	46
Ending Balance at Mar. 31, 2024	179,415		$ 16	$ 289	157,549	(29,285)	(1,911)	66,198	(13,441)
Ending Balance, shares at Mar. 31, 2024			1,574,000	28,905,000
Beginning Balance at Dec. 31, 2023	184,508		$ 16	$ 288	156,101	(22,661)	3,299	60,196	(12,731)
Beginning Balance, shares at Dec. 31, 2023			1,574,000	28,765,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Redemption of preferred stock		$ (19,800)
Redemption of preferred stock, shares		(2,322,726)
Net income (loss)	27,754
Ending Balance at Sep. 30, 2024	200,286		$ 16	$ 293	158,570	(34,951)	5,212	81,959	(9,943)	$ (870)
Ending Balance, shares at Sep. 30, 2024			1,574,000	29,310,000
Beginning Balance at Mar. 31, 2024	179,415		$ 16	$ 289	157,549	(29,285)	(1,911)	66,198	(13,441)
Beginning Balance, shares at Mar. 31, 2024			1,574,000	28,905,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock	(2,031)							(2,031)
Stock-based compensation	458				458
Stock-based compensation, shares				1,000
Consolidation of a subsidiary	1,286								1,286
Deconsolidation of a subsidiary	(12)						(12)
Repurchase of Class B common stock from stock repurchase program	(1,796)					(1,796)
Other comprehensive loss (income)	3,646						3,759		(113)
Class B common stock purchased from Genie Energy Charitable Foundation	(768)					(768)
Net income (loss)	9,356							9,612	(256)
Ending Balance at Jun. 30, 2024	189,554		$ 16	$ 289	158,007	(31,849)	1,836	73,779	(12,524)
Ending Balance, shares at Jun. 30, 2024			1,574,000	28,906,000
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Dividends on common stock	(2,019)							(2,019)
Stock-based compensation	567			$ 4	563
Stock-based compensation, shares				404,000
Restricted Class B common stock purchased from employees	(1,091)					(1,091)
Noncontrolling investment to a subsidiary by Howard Jonas	921								1,791	(870)
Repurchase of Class B common stock from stock repurchase program	(2,011)					(2,011)
Other comprehensive loss (income)	4,136						3,376		760
Net income (loss)	10,229							10,199	30
Ending Balance at Sep. 30, 2024	$ 200,286		$ 16	$ 293	$ 158,570	$ (34,951)	$ 5,212	$ 81,959	$ (9,943)	$ (870)
Ending Balance, shares at Sep. 30, 2024			1,574,000	29,310,000

CONSOLIDATED STATEMENTS OF EQ_2

CONSOLIDATED STATEMENTS OF EQUITY (Parenthetical) - $ / shares	3 Months Ended
	Jun. 30, 2023	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends on preferred stock	$ 0.1594	$ 0.1594
Dividends on common stock	$ 0.075	$ 0.075

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Operating activities
Net income	$ 27,754	$ 43,928
Net (loss) income from discontinued operations, net of tax	(435)	5,923
Net income from continuing operations	28,189	38,005
Adjustments to reconcile net income to net cash provided by operating activities:
Provision for captive insurance liability	2,667
Depreciation and amortization	646	286
Impairment of assets	199
Provision for doubtful accounts receivable	1,651	1,722
Inventory valuation allowance	417	829
Unrealized gain on marketable equity securities and investments and others, net	(637)	(386)
Stock-based compensation	1,723	2,254
Changes in assets and liabilities:
Trade accounts receivable	10,016	(7,271)
Inventory	4,593	(6,114)
Prepaid expenses	4,033	(3,753)
Other current assets and other assets	1,796	2,637
Trade accounts payable, accrued expenses and other liabilities	(12,379)	10,963
Due to IDT Corporation, net	(29)	(45)
Income taxes payable	6,289	(6,566)
Net cash provided by operating activities of continuing operations	49,174	32,561
Net cash provided by operating activities of discontinued operations	8,570	19,461
Net cash provided by operating activities	57,744	52,022
Investing activities
Capital expenditures	(4,025)	(878)
Purchase of solar system facility	(1,344)
Purchases of marketable equity securities and other investments	(4,042)	(9,913)
Purchase of equity of subsidiary	(1,200)
Purchase of investment property, net of noncontrolling interest paid by Howard Jonas	(934)
Proceeds from the sale of marketable equity securities and other investments		10,023
Repayment of notes receivable		19
Net cash used in investing activities of continuing operations	(11,545)	(749)
Net cash provided by investing activities of discontinued operations		2,578
Net cash provided by investing activities	(11,545)	1,829
Financing activities
Dividends paid	(6,171)	(6,818)
Repurchases of Class B common stock	(7,908)
Repurchases of Class B common stock from employees	(3,614)	(2,338)
Repurchase of Class B common stock from Genie Foundation	(768)
Proceeds from the exercise of warrants		5,000
Redemption of preferred stock		(8,359)
Net cash used in financing activities	(18,461)	(12,515)
Effect of exchange rate changes on cash, cash equivalents, and restricted cash	(120)	61
Net increase in cash, cash equivalents, and restricted cash	27,618	41,397
Cash, cash equivalents, and restricted cash (including cash held at discontinued operations) at beginning of period	165,479	106,080
Cash, cash equivalents and restricted cash (including cash held at discontinued operations) at end of the period	193,097	147,477
Less: Cash held at of discontinued operations at end of period	1,845	4,074
Cash, cash equivalents, and restricted cash (excluding cash held at discontinued operations) at end of period	$ 191,252	$ 143,403

Basis of Presentation and Busin

Basis of Presentation and Business Changes and Development	9 Months Ended
	Sep. 30, 2024
Basis of Presentation and Business Changes and Development
Basis of Presentation and Business Changes and Development	Note 1—Basis of Presentation and Business Changes and Development The accompanying unaudited consolidated financial statements of Genie Energy Ltd. and its subsidiaries (the “Company” or “Genie”) have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial information and with the instructions to Form 10-Q and Article 8 three and nine September 30, 2024 December 31, 2024 December 31, 2023 December 31, 2023 The Company owns 100% of Genie Retail Energy (“GRE”) and varied interests in entities that comprise the Genie Renewables segment. GRE owns and operates retail energy providers (“ ”), including IDT Energy (“IDT Energy”), Residents Energy (“Residents Energy”), Town Square Energy and Town Square Energy East (collectively, "TSE"), Southern Federal Power ("Southern Federal") and Natural Gas (“ ”). The majority of REP customers are located in the Eastern and Midwestern United States and Texas. Mirabito supplies natural gas to commercial customers in Florida. Genie Renewables consists of a 95.5% interest in Genie Solar, an integrated solar energy company Solar, a marketer of community solar and alternative products and services complimentary to our energy offerings and a 91.5% interest in , an energy procurement advisor. Impairment of Assets In 2024 One In the first quarter of 2023 one included in other income, net in the accompanying nine months ended September 30, 2023 Discontinued Operations in Finland and Sweden Prior to the third quarter of 2022, the Company had a third segment, Genie Retail Energy International, or GRE International, which supplied electricity to residential and small business customers in Scandinavia. However, as a result of volatility in the energy market in Europe, in the third quarter of 2022, the Company decided to discontinue the operations of Lumo Energia Oyj ("Lumo Finland") and Lumo Energi AB ("Lumo Sweden"). The Company determined that the discontinuation of the operations of Lumo Finland and Lumo Sweden represented a strategic shift that would have a major effect on the Company's operations and financial statements. The Company accounts for these businesses as discontinued operations, and accordingly, presents the results of operations and related cash flows as discontinued operations. The results of operations and related cash flows are presented as discontinued operations for all periods. Any remaining assets and liabilities of the discontinued operations are presented separately and reflected within assets and liabilities from discontinued operations in the accompanying consolidated balance sheets as of September 30, 2024 December 31, 2023 Lumo Sweden are continuing to liquidate their remaining receivables and settle any remaining liabilities. In November 2022 , Lumo Finland declared bankruptcy and the administration of Lumo Finland was transferred to an administrator (the "Lumo Administrators"). All assets and liabilities of Lumo Finland remain with Lumo Finland, in which Genie retains its equity ownership interest, however, the management and control of Lumo Finland were transferred to the Lumo Administrators. Since the Company lost control of the management of Lumo Finland in favor of the Lumo Administrators, the accounts of Lumo Finland were deconsolidated effective November 9, 2022 Following the discontinuance of operations of Lumo Finland and Lumo Sweden, GRE International ceased to be a segment and the remaining assets and liabilities and results of continuing operations of GRE International were combined with corporate. Discontinued Operations in the United Kingdom In October 2021 Following the termination of the contract with Shell, Orbit filed a petition with the High Court of Justice Business and Property of England and Wales (the “Court”) to declare Orbit insolvent based on the Insolvency Act of 1986 November 29, 2021 December 1, 2021 The Company determined that the discontinued operations of Orbit represented a strategic shift that would have a major effect on the Company's operations and financial statements. Since the appointment of the Orbit Administrators, the Company has accounted for these businesses as discontinued operations and accordingly, has presented the results of operations and related cash flows as discontinued operations. Since the Company lost control of the management of Orbit in favor of the Orbit Administrators, the accounts of Orbit were deconsolidated effective December 1, 2021 On November 21, 2023 November 28, 2023 November 28, 2023 Seasonality and Weather ; Climate Change and Volatility in Pricing The weather and the seasons, among other things, affect GRE’s revenues. Weather conditions have a significant impact on the demand for natural gas used for heating and electricity used for heating and cooling. Typically, colder winters increase demand for natural gas and electricity, and hotter summers increase demand for electricity. Milder winters or summers have the opposite effect. Unseasonable temperatures in other periods may also impact demand levels. Natural gas revenues typically increase in the first quarter due to increased heating demands and electricity revenues typically increase in the third quarter due to increased air conditioning use. Approximately 48.1% and 39.7% of GRE’s natural gas revenues for the relevant years were generated in the first quarters 2023 2022 Although the demand for electricity is not as seasonal as natural gas (due, in part, to usage of electricity for both heating and cooling), approximately 32.5 % 30.5 % of electricity revenues were generated in the third quarters of 2023 and 2022 respectively. GRE’s REPs’ revenues and operating income are subject to material seasonal variations , and the interim financial results are not necessarily indicative of the estimated financial results for the full year. In addition, extraordinary weather has and can lead to extreme spikes in the prices of wholesale electricity and natural gas in markets where GRE and other retail providers purchase their supply, or in challenges to the grid or supply markets in affected areas. Such events could have material impacts on our margins and operations. In addition to the direct physical impact that climate change may have on the Company's business, financial condition and results of operations because of the effect on pricing, demand for our offerings and/or the energy supply markets, we may also be adversely impacted by other environmental factors, including: (i) technological advances designed to promote energy efficiency and limit environmental impact; (ii) increased competition from alternative energy sources; (iii) regulatory responses aimed at decreasing greenhouse gas emissions; and (iv) litigation or regulatory actions that address the environmental impact of our energy products and services.

Cash, Cash Equivalents, and Res

Cash, Cash Equivalents, and Restricted Cash	9 Months Ended
	Sep. 30, 2024
Cash, Cash Equivalents, and Restricted Cash
Cash, Cash Equivalents, and Restricted Cash	Note 2—Cash, Cash Equivalents, and Restricted Cash The following table provides a reconciliation of cash, cash equivalents, and restricted cash reported in the consolidated balance sheet and the corresponding amounts reported in the consolidated statements of cash flows: September 30, 2024 December 31, 2023 (in thousands) Cash and cash equivalents $ 136,295 $ 107,609 Restricted cash—short-term 7,686 10,442 Restricted cash—long -term 47,271 44,945 Total cash, cash equivalents, and restricted cash $ 191,252 $ 162,996 Restricted cash—short-term includes amounts set aside in accordance with GRE's Amended and Restated Preferred Supplier Agreement with BP Energy Company (“BP”) (see Note 19 Note 20 restricted for use in order to secure the current portion of the insured liability program ( see Note 19 Restricted cash—long -term consists of cash of the "Captive," which is restricted for use to secure the noncurrent portion of the insured liability program (see Note 19 Included in the cash and cash equivalents as of September 30, 2024 December 31, 2023

Inventories

Inventories	9 Months Ended
	Sep. 30, 2024
Inventories
Inventories	Note 3—I nventories Inventories consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Natural gas $ 1,515 $ 1,309 Renewable credits 6,917 12,105 Solar panels, net of a valuation allowanc e of $0 September 30, 2024 December 31, 2023 81 1,184 Totals $ 8,513 $ 14,598 The Company regularly reviews the cost of inventories against their estimated net realizable value and records write-downs if any inventories have costs in excess of their net realizable values. no three months ended September 30, 2024 nine months ended September 30, 2024 0.4 In the three and nine months ended September 30, 2023 , the Company recorded an inventory valuation allowance of $ 0.8

Revenue Recognition

Revenue Recognition	9 Months Ended
	Sep. 30, 2024
Revenue Recognition
Revenue Recognition	Note 4 —Revenue Recognition Revenue from the single performance obligation to deliver a unit of electricity and/or natural gas is recognized as the customer simultaneously receives and consumes the benefit. GRE records unbilled revenues for the estimated amount customers will be billed for services rendered from the time meters were last read to the end of the respective accounting period. The unbilled revenue is estimated each month based on available per day usage data, the number of unbilled days in the period and historical trends. Incumbent utility companies in most of the service territories in which GRE's REPs operate offer purchase of receivables, or POR, and participate in POR programs for a majority of their receivables. The Company estimates variable consideration related to its rebate programs using the expected value method and a portfolio approach. The Company’s estimates related to rebate programs are based on the terms of the rebate program, the customer’s historical electricity and natural gas consumption, the customer’s rate plan, and a churn factor. Taxes that are imposed on the Company’s sales and collected from customers are excluded from the transaction price. Revenue from sales of solar panels are recognized at a point in time following the transfer of control of the solar panels to the customer, which typically occurs upon shipment or delivery depending on the terms of the underlying contracts. For sales contracts that contain multiple performance obligations, such as the shipment or delivery of solar modules, the Company allocates the transaction price to each performance obligation identified in the contract based on relative standalone selling prices, or estimates of such prices, and recognize the related revenue as control of each individual product is transferred to the customer, in satisfaction of the corresponding performance obligations. Revenues from sales of solar panels are included in other revenues in the consolidated statements of operations. Genie Solar enters into contracts to identify, develop, and operate solar generation sites to provide solar electricity to its customers. Obligations under solar project contracts consist of a series of tasks and components and accordingly are accounted for as multiple performance obligations. Because the Company’s performance creates and enhances assets that are controlled by and specific to customers, the Company recognizes construction services revenue over time. Revenue for these performance obligations is recognized using the input method based on the cost incurred as a percentage of total estimated contract costs. Due to the significance of the costs associated with solar panels to the total project, our judgment on when such costs should be included in the measure of progress has a material impact on revenue recognition. Contract costs include all direct material and labor costs related to contract performance. Revenues from sales of solar panels and solar panel projects are included under the Other Revenues in the consolidated statements of operations. Energy generation revenue is earned from both the sale of electricity generated from operating solar projects and the sale of Solar Energy Credits ("SRECs") which are included in the Other Revenues in the consolidated statement of operations. Revenue from energy generation is recognized when the Company satisfies the performance obligation, which occurs at the time of the delivery of electricity at the contractual rates. The Company applies for and receives SRECs in certain jurisdictions for power generated by solar energy systems it owns. There are no direct costs allocated to SRECs upon generation. The Company typically sells SRECs to different customers from those purchasing the energy. The sale of each SREC is a distinct performance obligation satisfied at a point in time and that the performance obligation related to each SREC is satisfied when each SREC is delivered to the customer. Revenues from commissions from selling third-party products to customers, entry and other fees from the energy procurement advisory are recognized at the time the performance obligation is met. The Company's contacts with customers for commission revenue contain a single performance obligation and are satisfied at a point in time. The Company recognizes the incremental costs of obtaining a contract with a customer as an asset if it expects the benefit of those costs to be longer than one one Disaggregated Revenues The following table shows the Company’s revenues disaggregated by pricing plans offered to customers: Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2024 Fixed rate $ 57,963 $ 2,616 $ — $ 60,579 Variable rate 42,731 2,439 — 45,170 Other — — 6,168 6,168 Total $ 100,694 $ 5,055 $ 6,168 $ 111,917 Three Months Ended September 30, 2023 Fixed rate $ 73,595 $ 2,724 $ — $ 76,319 Variable rate 40,407 2,266 — 42,673 Other — — 6,057 6,057 Total $ 114,002 $ 4,990 $ 6,057 $ 125,049 Nine Months Ended September 30, 2024 Fixed rate $ 157,266 $ 13,340 $ — $ 170,606 Variable rate 111,124 22,527 — 133,651 Other — — 18,043 18,043 Total $ 268,390 $ 35,867 $ 18,043 $ 322,300 Nine Months Ended September 30, 2023 Fixed rate $ 150,725 $ 11,322 $ — $ 162,047 Variable rate 117,963 29,568 — 147,531 Other — — 14,209 14,209 Total $ 268,688 $ 40,890 $ 14,209 $ 323,787 Fixed and variable rate revenues are from GRE. Other revenues are revenues from Genie Renewables which includes revenues from solar panels, solar projects and energy generation by Genie Solar, commissions from marketing energy solutions by CityCom Solar and Diversegy. The following table shows the Company’s revenues disaggregated by non-commercial and commercial channels: Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2024 Non-Commercial Channel $ 94,474 $ 2,539 $ — $ 97,013 Commercial Channel 6,220 2,516 — 8,736 Other — — 6,168 6,168 Total $ 100,694 $ 5,055 $ 6,168 $ 111,917 Three Months Ended September 30, 2023 Non-Commercial Channel $ 95,026 $ 1,981 $ — $ 97,007 Commercial Channel 18,976 3,009 — 21,985 Other — — 6,057 6,057 Total $ 114,002 $ 4,990 $ 6,057 $ 125,049 Nine Months Ended September 30, 2024 Non-Commercial Channel $ 250,173 $ 25,091 $ — $ 275,264 Commercial Channel 18,217 10,776 — 28,993 Other — — 18,043 18,043 Total $ 268,390 $ 35,867 $ 18,043 $ 322,300 Nine Months Ended September 30, 2023 Non-Commercial Channel $ 220,481 $ 28,702 $ — $ 249,183 Commercial Channel 48,207 12,188 — 60,395 Other — — 14,209 14,209 Total $ 268,688 $ 40,890 $ 14,209 $ 323,787 Contract liabilities Certain revenue generating contracts at Renewables include provisions that require advance payment from customers. These advance payments are recognized as revenue as the Company satisfies the performance obligations to the other party. A portion of the transaction price allocated to the performance obligations to be satisfied in future periods is recognized as a contract liability, which is expected to be satisfied in the next twelve months. Contract liabilities are included in other current liabilities account in the consolidated balance sheets. The table below reconciles the change in the carrying amount of contract liabilities : Nine Months Ended September 30, 2024 2023 (in thousands) Contract liability, beginning $ 5,582 $ 1,759 Recognition of revenue included in the beginning of the year contract liability (4,365 ) (430 ) Additions during the period, net of revenue recognized during the period 2,650 3,290 Contract liability, end $ 3,867 $ 4,619 Allowance for doubtful accounts The change in the allowance for doubtful accounts was as follows: Nine Months Ended September 30, 2024 2023 (in thousands) Allowance for doubtful accounts, beginning $ 6,574 $ 4,826 Additions charged to expense 1,651 1,722 Other deductions (528 ) (183 ) Allowance for doubtful accounts, end $ 7,697 $ 6,365

Acquisitions and Discontinued O

Acquisitions and Discontinued Operations	9 Months Ended
	Sep. 30, 2024
Acquisitions and Discontinued Operations
Acquisitions and Discontinued Operations	Note 5 Consolidation of Roded In December 2022 New Israel Shekel The Company accounts for its ownership interest in Roded using the equity method. From December 2022 April 2024 April 12, 2024 Prior to April 12, 2024 The Company recorded minimal nine months ended September 30, 2024 The Company conducted a preliminary assessment of assets and liabilities related to the acquisition of Roded. The impact of the acquisition's purchase price allocations on the Company’s consolidated balance sheets and the acquisition date fair value of the total consideration transferred were as follows (amounts in thousands): Cash and $ 200 Property, plant and equipment (1 to 10-year useful life) 573 Goodwill 2,660 Liabilities (850 ) Noncontrolling interest (1,243 ) Net assets $ 1,340 Goodwill was allocated to the Renewables segment. Goodwill is the excess of the consideration transferred over the net assets recognized and represents the expected revenue and cost synergies of the combined company and assembled workforce. Goodwill recognized as a result of the acquisition is not deductible for income tax purposes. Acquisition of Solar System Facilities On November 3, 2023 June 2024 The acquisition has been accounted for as asset acquisition and the Company recorded $7.7 million in total purchase price, including $0.2 million of direct transaction costs allocated to solar array assets included in the property and equipment account in the consolidated balance sheets with estimated useful lives of 14 to 30 years. On November 3, 2023 February 2024 The acquisition has been accounted for as asset acquisition the Company recorded $ 1.3 million to solar array assets included in the property and equipment account in the consolidated balance sheets with estimated useful lives of 30 years. The acquired assets are allocated to the Renewables segment. Lumo Fin la As a result of the sustained volatility of the energy market in Europe, in the third quarter of 2022 The Company determined that the discontinuation of operations of Lumo Finland and Lumo Sweden represented a strategic shift that would have a major effect on the Company's operations and financial statements and accordingly, the results of operations and related cash flows are presented as discontinued operations for all periods presented. The assets and liabilities of the discontinued operations are presented separately and reflected within assets and liabilities from discontinued operations in the accompanying consolidated balance sheets as of September 30, 2024 December 31, 2023 In November 2022 Lumo Finland declared bankruptcy and the administration of Lumo Finland was transferred to the Lumo Administrators. November 9, 2022 The following table represents summarized balance sheet information of assets and liabilities of the discontinued operations of Sweden: September 30, 2024 December 31, 2023 (in thousands) Assets Cash $ 1,845 $ 2,483 Receivables from the settlement of derivative contract—current 4,435 10,699 Current assets of discontinued operations $ 6,280 $ 13,182 Receivables from the settlement of derivative contract —noncurrent $ — $ 2,362 Other noncurrent assets 5,184 5,078 Noncurrent assets of discontinued operations $ 5,184 $ 7,440 Liabilities Income taxes payable 1,637 1,399 Accounts payable and other current liabilities — 91 Current liabilities of discontinued operations $ 1,637 $ 1,490 Deferred tax liabilities 703 698 Noncurrent liabilities of discontinued operations $ 703 $ 698 The summary of the results of operations of the discontinued operations of Lumo Sweden were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) Income from operations $ — $ — $ — $ — Other (loss) income, net (30 ) (395 ) (375 ) 800 Income before income taxes (30 ) (395 ) (375 ) 800 Benefit from (provision) for income taxes 5 91 (60 ) (314 ) Net loss from discontinued operations, net of taxes $ (25 ) $ (304 ) $ (435 ) $ 486 Income before income taxes attributable to Genie Energy Ltd. $ 0.0 $ (395 ) $ 0.5 $ 800 The following table presents a summary of cash flows of the discontinued operations of Nine Months Ended September 30, 2024 2023 (in thousands) Net (loss) income $ (435 ) $ 486 Non-cash items 244 1,170 Changes in assets and liabilities 8,761 17,805 Cash flows provided by operating activities of discontinued operations $ 8,570 $ 19,461 Prior to being treated as discontinued operations or being deconsolidated, the assets and liabilities of Lumo Finland and Lumo Sweden were included in the (former) GRE International segment. On November 8, 2023 $39.2 million September 30, 2024 May 27, 2024 €4.8 million (equivalent to $5.3 million as of September 30, 2024 September 30, 2024 Genie was also notified that the Lumo Administrators filed a claim against one $4.5 million September 30, 2024 $1.7 million September 30, 2024 € € The Lumo Administrators allege that the payments represented preferential payments and therefore belong to the bankruptcy estate which are recoverable under the laws of Finland. The Company intends to challenge the Lumo Administrators' claims. Should the Lumo Administrators succeed in clawing back the funds from the supplier, it is possible that the supplier may seek to recover its losses against the Company, under terms of the parental guarantee. At this time, there is insufficient basis to assess an amount of any probable loss. U.K. Operations In the third quarter of 2021 October 2021 Following the termination of the contract with Shell, Orbit filed a petition with the High Court of Justice Business and Property of England and Wales (the “Court”) to declare Orbit insolvent based on the Insolvency Act of 1986 November 29, 2021 December 1, 2021 December 1, 2021 As a result of loss of control, the Company deconsolidated Orbit effective December 1, 2021 and estimated the remaining liability related to its ownership of Orbit. The Company determined that the discontinued operations of Orbit represented a strategic shift that would have a major effect on the Company's operations and financial statements and accordingly, the results of operations and related cash flows are presented as discontinued operations effective December 1, 2021 On November 21, 2023 November 28, 2023 November 28, 2023 2023 £ 18.8 million (equivalent to $ 23.7 million There was no income or loss from discontinued operations recognized in the three and nine months ended September 30, 2024 . In the nine months ended September 30, 2023 5.4 Prior to being treated as discontinued operations and deconsolidation, the assets and liabilities of Orbit were included in the (former) GRE International segment.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Sep. 30, 2024
Fair Value Measurements
Fair Value Measurements	Note 6 air Va The following table presents the balance of assets and liabilities measured at fair value on a recurring basis: Level 1 1 Level 2 2 Level 3 3 Total (in thousands) September 30, 2024 Assets: Marketable equity securities $ 420 $ — $ — $ 420 Derivative contracts $ 294 $ — $ — $ 294 Liabilities: Derivative contracts $ 343 $ — $ — $ 343 December 31, 2023 Assets: Marketable equity securities $ 396 $ — $ — $ 396 Derivative contracts $ 673 $ — $ — $ 673 Liabilities: Derivative contracts $ 1,724 $ — $ — $ 1,724 ( 1 quoted prices in active markets for identical assets or liabilities ( 2 observable inputs other than quoted prices in active markets for identical assets and liabilities ( 3 no observable pricing inputs in the market The Company’s derivative contracts consist of natural gas and electricity put and call options and swaps. The underlying asset in the Company’s put and call options is a forward contract. The Company’s swaps are agreements whereby a floating (or market or spot) price is exchanged for a fixed price over a specified period. The Company did not have any transfers of assets or liabilities between Level 1 2 3 nine months ended September 30, 2024 2023 Fair Value of Other Financial Instruments The estimated fair value of the Company’s other financial instruments was determined using available market information or other appropriate valuation methodologies. However, considerable judgment is required in interpreting this data to develop estimates of fair value. Consequently, the estimates are not necessarily indicative of the amounts that could be realized or would be paid in a current market exchange. Restricted cash—short-term, trade receivables, due to IDT Corporation, other current assets and other current liabilities. At September 30, 2024 December 31, 2023 1 approximated fair value Other assets. At September 30, 2024 December 31, 2023 September 30, 2024 3 The primary non-recurring fair value estimates typically are in the context of goodwill impairment testing, which involves Level 3 10 3 Concentration of Credit Risks The Company holds cash, cash equivalents, and restricted cash at several major financial institutions, which may exceed Federal Deposit Insurance Corporation insured limits. Historically, the Company has not experienced any losses due to such concentration of credit risk. The Company’s temporary cash investments policy is to limit the dollar amount of investments with any one Utility companies offer purchase of receivable, or POR, programs in most of the service territories in which GRE operates. GRE’s REPs reduce its customer credit risk by participating in POR programs for a majority of its receivables. In addition to providing billing and collection services, utility companies purchase those REPs’ receivables and assume all credit risk without recourse to those REPs. Certain of the utility companies represent significant portions of the Company's consolidated revenues and consolidated trade accounts receivable balance. The following table summarizes the percentage of consolidated trade receivable by customers that equal or exceed 10.0 receivables at September 30, 2024 December 31, 2023 10.0 September 30, 2024 December 31, 2023 September 30, 2024 December 31, 2023 Customer A 16.0 % 21.4 % The following table summarizes the percentage of revenues by customers that equal or exceed 10.0 of consolidated revenues for the three and nine September 30, 2024 2023 (no other single customer accounted for 10.0 or greater of the consolidated revenues in these periods): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A 20.9 % 24.1 % 21.9 % 17.4 % Customer A is a utility company participating in the POR program.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Sep. 30, 2024
Derivative Instruments
Derivative Instruments	Note 7 —Derivative Instruments The primary risk managed by the Company using derivative instruments is commodity price risk, which is accounted for in accordance with Accounting Standards Codification 815 instruments September 30, 2024 The summarized volume of GRE’s outstanding contracts and options at September 30, 2024 Settlement Dates Volume Electricity (in MWH) Gas (in Dth) Third quarter of 2024 — — Fourth quarter of 2024 10,680 — First quarter of 2025 10,440 225,000 Second quarter of 2025 — 227,500 Third quarter of 2025 5,120 230,000 Fourth quarter of 2025 — 230,000 First quarter of 2026 — — Second quarter of 2026 — — Third quarter of 2026 9,152 — The fair value of outstanding derivative instruments recorded in the accompanying consolidated balance sheets were as follows: Asset Derivatives Balance Sheet Location September 30, 2024 December 31, 2023 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current assets $ 234 $ 321 Energy contracts and options Other assets 160 352 Total derivatives not designated or not qualifying as hedging instruments — $ 394 $ 673 Liability Derivatives Balance Sheet Location September 30, 2024 December 31, 2023 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current liabilities $ 288 $ 1,716 Energy contracts and options Other liabilities 55 8 Total derivatives not designated or not qualifying as hedging instruments — Liabilities $ 343 $ 1,724 ( 1 The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 . The effects of derivative instruments on the consolidated statements of operations was as follows: Amount of Loss Recognized on Derivatives Derivatives not designated or not qualifying as Location of Gain Recognized Three Months Ended September 30, Nine Months Ended September 30, hedging instruments on Derivatives 2024 2023 2024 2023 (in thousands) (in thousands) Energy contracts and options Cost of revenues $ (6,190 ) $ (4,461 ) $ (20,127 ) $ (21,590 )

Other Assets

Other Assets	9 Months Ended
	Sep. 30, 2024
Other Assets
Other Assets	Note 8—Other Assets Other assets consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Security deposit $ 7,421 $ 7,950 Right-of-use assets, net of amortization 1,839 2,138 Investments in equity securities 3,679 2,605 Investment property 3,654 — Fair value of derivative contracts — noncurrent 160 352 Other assets 2,068 2,202 Total other assets $ 18,821 $ 15,247

Investments

Investments	9 Months Ended
	Sep. 30, 2024
Investment in Equity Method Investees [Abstract]
Investments	Note 9 e Investments in businesses that the Company does not control, but over which the Company has the ability to exercise significant influence regarding operating and financial matters, are accounted for using the equity method. The Company periodically evaluates its equity method investments for impairment due to declines considered to be other than temporary. If the Company determines that a decline in fair value is other than temporary, then a charge to earnings is recorded, and a new basis in the investment is established. For equity securities without readily determinable fair values, the Company elected to measures the investments using net assets value, as a practical expedient. These investments are valued based on the most recent available information. In determining the value of the investment, the Company considers whether adjustments to the net asset values are necessary in certain circumstances in which management is aware of material events that affect the value of the investments during the intervening perio d. Changes in fair value are recognized in “g ain (loss) on marketable equity securities and investments, For equity securities that do not have a readily determinable fair value and do not r ep ort net asset value . These investments are accounted for using a measurement alternative under which they are measured at cost and adjusted for observable price changes and impairments. Observable price changes result from, among other things, equity transactions for the same issuer executed during the reporting period, including subsequent equity offerings or other reported equity transactions related to the same issuer. Equity investments consist of the following: Location in Balance Sheet Measurement September 30, 2024 December 31, 2023 (in thousands) Rafael Holdings, Inc. Marketable equity securities Quoted market price $ 420 $ 396 Alternative investments —restricted (see Note 19 Other current assets Net asset value $ 3,360 $ — Alternative investments —unrestricted Other current assets Cost 2,150 3,801 Total included in other current assets $ 5,510 $ 3,801 PRI Fuel Supply Ltd. Other noncurrent assets Equity method $ 402 $ — CPP Genie Community Solar Other noncurrent assets Equity method 240 303 Roded (see Note 4 Other noncurrent assets Equity method — 1,268 Alternative investments —restricted (see Note 19 Other noncurrent assets Net assets value 875 — Alternative investments —unrestricted Other noncurrent assets Cost 2,162 1,034 Total equity investments included in other noncurrent assets $ 3,679 $ 2,605 Restricted investments are investments in equity securities owned and managed by the Captive (see Note 19 The changes in the carrying values of the Company's equity investments without readily determinable fair values for which the Company elected the measurement alternative were as follows: Nine Months Ended September 30, 2024 2023 (in thousands) Balance, beginning of period $ 4,835 $ 3,178 Purchase 3,987 1,300 Gain recognized during the period 307 249 Distribution (582 ) — Balance, end of period $ 8,547 $ 4,727 In July 2024, the Company acquired an investment property with an aggregate cost of $3.6 million. The investment property was acquired through a subsidiary in which the Company holds a 51.0% interest with the remaining 49.0% held by Howard Jonas, a related party (see Note 17 2024 49.0% The investment property is recorded at cost and adjusted for any impairment. The investment property is included in noncurrent assets of the consolidated balance sheets.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets	9 Months Ended
	Sep. 30, 2024
Goodwill and Other Intangible Assets
Goodwill and Other Intangible Assets	Note 10—Goodwill and Other Intangible Assets The table below reconciles the change in the carrying amount of goodwill for the period from January 1, 2024 September 30, 2024 GRE Genie Renewables Total (in thousands) Balance at January 1, 2024 $ 9,998 $ — $ 9,998 Consolidation of Roded — 2,660 2,660 Cumulative translation adjustment — 32 32 Balance at September 30, 2024 $ 9,998 $ 2,692 $ 12,690 The table below presents information on the Company’s other intangible assets: Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Balance (in thousands) September 30, 2024 Patents and trademarks 18.1 years $ 3,510 $ (1,530 ) $ 1,980 Customer relationships 9.0 1,100 (866 ) 234 Licenses 10.0 479 (234 ) 245 Total $ 5,089 $ (2,630 ) $ 2,459 December 31, 2023 Patent and trademark 18.1 years $ 3,510 $ (1,383 ) $ 2,127 Customer relationships 9.0 years 1,100 (774 ) 326 Licenses 10.0 years 479 (198 ) 281 Total $ 5,089 $ (2,355 ) $ 2,734 Amortization expense of intangible assets was $0.1 million and $0.2 three and nine September 30, 2024 three and nine months ended September 30, 2023 . $0.2 million 2024 2025 2026 2027 2028

Accrued Expenses and Other Curr

Accrued Expenses and Other Current Liabilities	9 Months Ended
	Sep. 30, 2024
Accrued Expenses and Other Current Liabilities
Accrued Expenses and Other Current Liabilities	Note 11 Accrued expenses consisted of the following: September 30, 2024 December 31, 2023 (in thousands) Renewable energy $ 25,714 $ 31,662 Liability to customers related to promotions and retention incentives 9,446 9,493 Payroll and employee benefit 3,992 5,095 Other accrued expenses 5,059 3,139 Total accrued expenses $ 44,211 $ 49,389 Other current liabilities September 30, 2024 December 31, 2023 (in thousands) Contract liabilities $ 3,867 $ 5,582 Current hedge liabilities 288 1,716 Current lease liabilities 213 309 Current captive insurance liability (see Note 19 487 143 Others 1,339 1,530 Total other current liabilities $ 6,194 $ 9,280

Leases

Leases	9 Months Ended
	Sep. 30, 2024
Leases
Leases	Note 12 The Company is the lessee under operating lease agreements primarily for office space in domestic and foreign locations where it has operations and for solar development projects with lease periods expiring between 2024 2052 The Company determines if a contract is a lease at inception. Right-of-Use ("ROU") assets are included under other assets in the consolidated balance sheet The current portion of the operating lease liabilities are included in other current liabilities the noncurrent portion is included in other liabilities ROU assets and operating lease liabilities are recognized at the present value of the future lease payments at the lease commencement date. The interest rate used to determine the present value of the future lease payments is the incremental borrowing rate, because the interest rate implicit in most of our leases is not readily determinable. The incremental September 30, 2024 December 31, 2023 (in thousands) ROU Assets $ 1,839 $ 2,138 Current portion of operating lease liabilities 213 309 Noncurrent portion of operating lease liabilities 1,727 1,952 Total $ 1,940 $ 2,261 At September 30, 2024 14.4 Supplemental cash flow information for ROU assets and operating lease liabilities are as follows: Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating activities $ 393 $ 487 ROU assets obtained in the exchange for lease liabilities Operating leases $ 67 $ 237 Future lease payments under operating leases as of September 30, 2024 (in thousands) Remainder of 2024 $ 107 2025 342 2026 328 2027 307 2028 312 Thereafter 2,240 Total future lease payments 3,636 Less imputed interest 1,696 Total operating lease liabilities $ 1,940 Rental expenses under operating leases were $0.1 million and $ 0.4 million three and nine months ended September 30, 2024 Rental expenses under operating leases were $0.2 million and $0.5 million for each of the three and nine months ended September 30, 2023 .

Equity

Equity	9 Months Ended
	Sep. 30, 2024
Equity
Equity	Note 13 —Equity Dividend Payments The following table summarizes the quarterly dividends declared and paid by the Company on its Class A and Class B common stock during the nine September 30, 2024 Declaration Date Dividend Per Share Aggregate Dividend Amount Record Date Payment Date February 8, 2024 $ 0.0750 $ 2,121 February 20, 2024 February 28, 2024 May 2, 2024 0.0750 2,031 May 20, 2024 May 31, 2024 August 1, 2024 0.0750 2,019 August 14, 2024 August 21, 2024 On October 30, 2024 first quarter of 2024 Stock Repurchases and Redemption; Treasury Shares On March 11, 2013, the Board of Directors of the Company approved a program for the repurchase of up to an aggregate of 7.0 million shares of the Company’s Class B common stock. In the three months ended September 30, 2024 , the Company acquired Class B common stock under the stock purchase program for an aggregate amount of $ million. In the nine months ended September 30, 2024 , the Company acquired 492,032 Class B common stock under the stock purchase program for an aggregate amount of $ 7.9 There were three and nine September 30, 2023 . At September 30, 2024 4.2 As of September 30, 2024 2023 treasury, respectively, with a cost basis of $35.0 million and $ 22.7 On February 7, 2022 2033 In 2023 and 2022 Following the redemption, there are no shares of Preferred Stock outstanding, all rights of Preferred Stockholders have terminated, and the Preferred Stock’s ticker symbol, "GNEPRA", has been retired. Exercise of Stock Options In February 2024 126,176 49,632 76,544 In May 2023 256,818 98,709 158,109 At September 30, 2024 Warrants to Purchase Class B Common Stock On June 8, 2018, the Company sold to Howard S. Jonas, the Chairman of the Company’s Board of Directors and the beneficial holder of the controlling portion of the Company's common stock, shares of the Company’s Class B common stock and warrants to purchase an additional 1,048,218 shares of the Company’s Class B common stock at an exercise price of $4.77 per share for an aggregate exercise price of $5.0 million. In June 2023 . As of September 30, 2024 , there were no Purchase of Equity of Subsidiary In February 2024 pany purchased from a certain investor a 0.5 1.2 Stock-Based Compensation On March 8, 2021 2021 2021 2021 2011 Plan . The 2021 provides incentives to executives, employees, directors and consultants of the Company. Incentives available under the 2021 The maximum number of shares reserved for the grant of awards under the 2021 million shares of Class B Common Stock. On May 10, 2023 an amendment to the 2021 In February 2022 two thirty 2022 two second quarter of 2022 2022 In February 2023 2022 290,000 May 2023 As of September 30, 2024 , there were approximately $ 6.5 million of total unrecognized stock-based compensation costs related to outstanding and unvested equity-based grants. These costs are expected to be recognized over a weighted-average period of approximately 2.8 years.

Variable Interest Entity

Variable Interest Entity	9 Months Ended
	Sep. 30, 2024
Variable Interest Entity
Variable Interest Entity	Note 14—Variable Interest Entity Citizens Choice Energy, LLC (“CCE”) is a REP that resells electricity and natural gas to residential and small business customers in the State of New York. The Company does not own any interest in CCE. Since 2011 Net loss related to CCE and aggregate net funding provided by the Company were as follows: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Net income (loss) $ 130 $ (148 ) $ 289 $ (167 ) Aggregate funding (provided by) paid to the Company, net $ 222 $ (12 ) $ 293 $ 22 Summarized combined balance sheet amounts related to CCE was as follows: September 30, 2024 December 31, 2023 (in thousands) Assets Cash, cash equivalents and restricted cash $ 274 $ 265 Trade accounts receivable 176 275 Prepaid expenses and other current assets 360 323 Other assets 363 360 Total assets $ 1,173 $ 1,223 Liabilities and noncontrolling interests Current liabilities $ 565 $ 611 Due to IDT Energy 4,600 4,893 Noncontrolling interests (3,992 ) (4,281 ) Total liabilities and noncontrolling interests $ 1,173 $ 1,223 The assets of CCE may only be used to settle obligations of CCE, and may not be used for other consolidated entities. The liabilities of CCE are non-recourse to the general credit of the Company’s other consolidated entities.

Income Taxes

Income Taxes	9 Months Ended
	Sep. 30, 2024
Income Taxes
Income Taxes	Note 15 The following table provides a summary of Company's effective tax rate: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Reported tax rate 27.7 % 25.7 % 26.8 % 25.4 % The reported tax rates for the three and nine September 30, 2024 decreased 2023

Earnings Per Share

Earnings Per Share	9 Months Ended
	Sep. 30, 2024
Earnings Per Share
Earnings Per Share	Note 16— Earnings Per Share Basic earnings per share is computed by dividing net income or loss attributable to all classes of common stockholders of the Company by the weighted average number of shares of all classes of common stock outstanding during the applicable period. Diluted earnings per share is computed in the same manner as basic earnings per share, except that the number of shares is increased to include restricted stock still subject to risk of forfeiture and to assume exercise of potentially dilutive stock options using the treasury stock method, unless the effect of such increases is anti-dilutive. The weighted-average number of shares used in the calculation of basic and diluted earnings per share attributable to the Company’s common stockholders consists of the following: Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Basic weighted-average number of shares 26,526 26,615 26,771 25,541 Effect of dilutive securities: Non-vested restricted Class B common stock 342 691 390 466 Stock options and warrants — 56 — 49 Diluted weighted-average number of shares 26,868 27,362 27,161 26,056 There were other instruments excluded from the computation of diluted earnings per share for each of the three and nine months ended September 30, 2024 and 2023 .

Related Party Transactions

Related Party Transactions	9 Months Ended
	Sep. 30, 2024
Related Party Transactions
Related Party Transactions	Note 17—Related Party Transactions In the third quarter of 2024, Howard Jonas contributed $ Note 9 — ). On November 2, 2023 50,000 1.0 April 17, 2024 On December 7, 2020 million to purchase shares of Class B common stock of Rafael Holdings, Inc. ("Rafael"). Rafael, a publicly-traded company, is also a related party. Rafael is a former subsidiary of IDT that was spun off from IDT in March 2018. Howard S. Jonas is the Executive Chairman and Chairman of the Board of Directors of Rafael. shares of Rafael's Class B common stock with an exercise price of $ per share. The warrants had a term expiring on June 6, 2022. The Company exercised the warrants in full on March 31, 2021 million. In March 2023 the Company sold 195,501 0.3 2023 For the three and nine September 30, 2024 2023 nominal in connection with the investment. At September 30, 2024 million. The Company does not exercise significant influence over the operating or financial policies of Rafael. In September 2018 613 2023 613 613 first quarter of 2023 The Company did not recognize any equity in net loss from 613 three nine months ended September 30, 2023 . The Company was formerly a subsidiary of IDT Corporation (“IDT”). On October 28, 2011 The charges for services provided by IDT to the Company, net of the charges for the services provided by the Company to IDT, are included in “Selling, general and administrative” expense in the consolidated statements of operations. Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Amount IDT charged the Company $ 209 $ 225 $ 732 $ 866 Amount the Company charged IDT $ 35 $ 34 $ 102 $ 101 The following table presents the balance of receivables and payables to IDT: September 30, 2024 December 31, 2023 (in thousands) Due to IDT $ 141 $ 165 Due from IDT $ 25 $ 20 The Company obtains insurance policies from several insurance brokers, one minimal nine months ended September 30, 2024 2023 September 30, 2024

Business Segment Information

Business Segment Information	9 Months Ended
	Sep. 30, 2024
Business Segment Information
Business Segment Information	Note 18 The Company has two reportable business segments: GRE and Genie Renewables. GRE owns and operates REPs, including IDT Energy, Residents Energy, TSE, Southern Federal and Mirabito. Its REP businesses resell electricity and natural gas to residential and small business customers in the Eastern and Midwestern United States and Texas. Genie Corporate costs include unallocated compensation, consulting fees, legal fees, business development expenses and other corporate-related general and administrative expenses. Corporate does not generate any revenues, nor does it incur any cost of revenues. The Company’s reportable segments are distinguished by types of service, customers and methods used to provide their services. The operating results of these business segments are regularly reviewed by the Company’s chief operating decision-maker. The accounting policies of the segments are the same as the accounting policies of the Company as a whole. The Company evaluates the performance of its business segments based primarily on income (loss) from operations. There are no significant asymmetrical allocations to segments. Operating results for the business segments of the Company were as follows: (in thousands) GRE Genie Renewables Corporate Total Three Months Ended September 30, 2024 Revenues $ 105,800 $ 6,117 $ — $ 111,917 Income (loss) from operations 15,038 (243 ) (3,119 ) 11,676 Depreciation and amortization 75 156 — 231 Stock-based compensation 270 18 279 567 Provision for doubtful accounts receivables 441 — — 441 Provision for (benefit from) income taxes 5,305 (191 ) (1,190 ) 3,924 Three Months Ended September 30, 2023 Revenues $ 120,313 $ 4,736 $ — $ 125,049 Income (loss) from operations 21,998 (2,051 ) (2,061 ) 17,886 Depreciation and amortization 83 12 — 95 Stock-based compensation 242 9 398 649 Provision for (benefit from) income taxes 5,985 (318 ) (649 ) 5,018 Provision for doubtful accounts receivables 350 — — 350 Nine Months Ended September 30, 2024 Revenues $ 304,982 $ 17,318 $ — $ 322,300 Income (loss) from operations 43,897 (2,279 ) (9,531 ) 32,087 Depreciation and amortization 226 420 — 646 Stock-based compensation 777 35 962 1,774 Provision for (benefit from) income taxes 13,849 (1,033 ) (2,507 ) 10,309 Provision for doubtful accounts receivables 1,651 — — 1,651 Nine Months Ended September 30, 2023 Revenues $ 311,458 $ 12,329 $ — $ 323,787 Income (loss) from operations 56,862 (4,477 ) (8,189 ) 44,196 Depreciation and amortization 248 38 — 286 Stock-based compensation 790 19 1,445 2,254 Provision for (benefit from) income taxes 16,004 (1,107 ) (1,946 ) 12,951 Provision for doubtful accounts receivables 1,722 — — 1,722 Total assets for the business segments of the Company were as follows (in thousands) GRE Genie Renewables Corporate Total Total assets: September 30, 2024 $ 220,693 $ 36,377 $ 84,611 $ 341,681 December 31, 2023 214,121 28,912 87,522 330,555 The total assets of corporate segment includes total assets of discontinued operations of Lumo Finland and Lumo Sweden with aggregate net book value of $11.5 million and $20.6 million at September 30, 2024 December 31, 2023

Commitments and Contingencies

Commitments and Contingencies	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies
Commitments and Contingencies	Note 19 Legal Proceedings On September 29, 2023, the Attorney General of the State of Illinois filed a complaint against Residents Energy in the Circuit Court of Cook County, Illinois, Chancery Division. 815 505 1 815 413 1 t of $50.0 thous September 30, 2024 For the three and nine September 30, 2024 Resident Energy’s gross revenues from sales in Illinois were $9.4 million and $30.1 million, respectively. For the three and nine September 30, 2023 , Resident Energy’s gross revenues from sales in Illinois was $13.5 million and $37.5 million, respectively The Company may from time to time be subject to legal proceedings that arise in the ordinary course of business. Although there can be no assurance in this regard, the Company does not expect any of those legal proceedings to have a material adverse effect on the Company’s results of operations, cash flows or financial condition. Refer to Note 5 —Acquisitions and Agency and Regulatory Proceedings From time to time, the Company receives inquiries or requests for information or materials from public utility commissions or other governmental regulatory or law enforcement agencies related to investigations under statutory or regulatory schemes, and the Company responds to those inquiries or requests. The Company cannot predict whether any of those matters will lead to claims or enforcement actions or whether the Company and the regulatory parties will enter into settlements before a formal claim is made. Other Commitments Purchase Commitments The Company had future purchase commitments of $ 92.5 September 30, 2024 76.4 September 30, 2024 are expected to be paid as follows: (in thousands) Remainder of 2024 $ 29,873 2025 48,051 2026 13,554 2027 1,020 Thereafter — Total payments $ 92,498 In the three months ended September 30, 2024 , the Company purchased $ 37.3 million and $ 3.1 million of electricity and renewable energy credits, respectively, under these purchase commitments. In the nine months ended September 30, 2024 , the Company purchased $55.3 million and $11.0 million of electricity and renewable energy credits, respectively, under these purchase commitments. In the three months ended September 30, 2023 , the Company purchased $ 31.2 million and $2.1 million of electricity and renewable energy credits, respectively, under these purchase commitments. In the nine months ended September 30, 2023 the Company purchased $32.6 million and $13.7 million of electricity and renewable energy credits, respectively, under these purchase commitments. Renewable Energy Credits GRE must obtain a certain percentage or amount of its power supply from renewable energy sources in order to meet the requirements of renewable portfolio standards in the states in which it operates. This requirement may be met by obtaining renewable energy credits that provide evidence that electricity has been generated by a qualifying renewable facility or resource. At September 30, 2024 16.1 Captive Insurance Subsidiary In December 2023 the Captive insurance company with the primary purpose of enhancing the Company's risk financing strategies. The Company, with input from external experts, estimated the expected ultimate cost of: 1 2 The amount of the expected loss liability for each risk is based on an analysis performed by a third-party actuary which assumed historical patterns. The key assumptions used in developing these estimates are subject to variability. In December 2023 September 30, 2024 see Note 9 three nine months ended September 30, 2024 September 30, 2024 The table below reconciles the change in the current and noncurrent captive insurance liabilities for nine months ended September 30, 2024 : Current and noncurrent captive insurance liabilities, beginning $ 45,088 Changes for the provision of prior year claims 4,374 Changes for the provision for current year claims (1,707 ) Payment of claims — Current and noncurrent captive insurance liabilities, end $ 47,755 The captive insurance liability outstanding at September 30, 2024 Remainder of 2024 $ 122 2025 791 2026 1,971 2027 2,969 2028 3,653 Thereafter 38,249 Total payments $ 47,755 Performance Bonds and Unused Letters of Credit GRE has performance bonds issued through a third party for certain utility companies and for the benefit of various states in order to comply with the states’ financial requirements for REPs. At September 30, 2024 26.7 ers of credit. BP Energy Company Preferred Supplier Agreement Certain of GRE’s REPs are party to an Amended and Restated Preferred Supplier Agreement with BP, which is to be in effect through November 30, 2026 September 30, 2024 September 30, 2024 0.5 56.8 17.6 September 30, 2024

Debt

Debt	9 Months Ended
	Sep. 30, 2024
Debt
Debt	Note 20 On December 13, 2018 , the Company entered into a Credit Agreement with JPMorgan Chase Bank (the “Credit Agreement”). On February 14, 2024 December 31, 2024 September 30, 2024 September 30, 2024 of $4.2 millio

Recently Issued Accounting Stan

Recently Issued Accounting Standards	9 Months Ended
	Sep. 30, 2024
Recently Issued Accounting Standards
Recently Issued Accounting Standards	Note 21 In December 2023 2023 09 Income Taxes (Topic 740 2023 09 2023 09 5 5 December 15, 2024 In November 2023 2023 07 Segment Reporting (Topic 280 2023 07 2023 07 280 Segment Reporting 280 December 15, 2023 December 15, 2024

Insider Trading Arrangements

Insider Trading Arrangements	9 Months Ended
	Sep. 30, 2024
Trading Arrangements, by Individual [Table]
Rule 10b5-1 Arrangement Adopted [Flag]	false
Non-Rule 10b5-1 Arrangement Adopted [Flag]	false
Rule 10b5-1 Arrangement Terminated [Flag]	false
Non-Rule 10b5-1 Arrangement Terminated [Flag]	false

Cash, Cash Equivalents, and R_2

Cash, Cash Equivalents, and Restricted Cash (Tables)	9 Months Ended
	Sep. 30, 2024
Cash, Cash Equivalents, and Restricted Cash
Schedule of reconciliation of cash, cash equivalents, and restricted cash	September 30, 2024 December 31, 2023 (in thousands) Cash and cash equivalents $ 136,295 $ 107,609 Restricted cash—short-term 7,686 10,442 Restricted cash—long -term 47,271 44,945 Total cash, cash equivalents, and restricted cash $ 191,252 $ 162,996

Inventories (Tables)

Inventories (Tables)	9 Months Ended
	Sep. 30, 2024
Inventories
Schedule of Inventories	September 30, 2024 December 31, 2023 (in thousands) Natural gas $ 1,515 $ 1,309 Renewable credits 6,917 12,105 Solar panels, net of a valuation allowanc e of $0 September 30, 2024 December 31, 2023 81 1,184 Totals $ 8,513 $ 14,598

Revenue Recognition (Tables)

Revenue Recognition (Tables)	9 Months Ended
	Sep. 30, 2024
Revenue Recognition
Schedule of revenues disaggregated	Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2024 Fixed rate $ 57,963 $ 2,616 $ — $ 60,579 Variable rate 42,731 2,439 — 45,170 Other — — 6,168 6,168 Total $ 100,694 $ 5,055 $ 6,168 $ 111,917 Three Months Ended September 30, 2023 Fixed rate $ 73,595 $ 2,724 $ — $ 76,319 Variable rate 40,407 2,266 — 42,673 Other — — 6,057 6,057 Total $ 114,002 $ 4,990 $ 6,057 $ 125,049 Nine Months Ended September 30, 2024 Fixed rate $ 157,266 $ 13,340 $ — $ 170,606 Variable rate 111,124 22,527 — 133,651 Other — — 18,043 18,043 Total $ 268,390 $ 35,867 $ 18,043 $ 322,300 Nine Months Ended September 30, 2023 Fixed rate $ 150,725 $ 11,322 $ — $ 162,047 Variable rate 117,963 29,568 — 147,531 Other — — 14,209 14,209 Total $ 268,688 $ 40,890 $ 14,209 $ 323,787 Electricity Natural Gas Other Total (in thousands) Three Months Ended September 30, 2024 Non-Commercial Channel $ 94,474 $ 2,539 $ — $ 97,013 Commercial Channel 6,220 2,516 — 8,736 Other — — 6,168 6,168 Total $ 100,694 $ 5,055 $ 6,168 $ 111,917 Three Months Ended September 30, 2023 Non-Commercial Channel $ 95,026 $ 1,981 $ — $ 97,007 Commercial Channel 18,976 3,009 — 21,985 Other — — 6,057 6,057 Total $ 114,002 $ 4,990 $ 6,057 $ 125,049 Nine Months Ended September 30, 2024 Non-Commercial Channel $ 250,173 $ 25,091 $ — $ 275,264 Commercial Channel 18,217 10,776 — 28,993 Other — — 18,043 18,043 Total $ 268,390 $ 35,867 $ 18,043 $ 322,300 Nine Months Ended September 30, 2023 Non-Commercial Channel $ 220,481 $ 28,702 $ — $ 249,183 Commercial Channel 48,207 12,188 — 60,395 Other — — 14,209 14,209 Total $ 268,688 $ 40,890 $ 14,209 $ 323,787
Schedule of contract liability	Nine Months Ended September 30, 2024 2023 (in thousands) Contract liability, beginning $ 5,582 $ 1,759 Recognition of revenue included in the beginning of the year contract liability (4,365 ) (430 ) Additions during the period, net of revenue recognized during the period 2,650 3,290 Contract liability, end $ 3,867 $ 4,619
Schedule of change in allowance for doubtful accounts	Nine Months Ended September 30, 2024 2023 (in thousands) Allowance for doubtful accounts, beginning $ 6,574 $ 4,826 Additions charged to expense 1,651 1,722 Other deductions (528 ) (183 ) Allowance for doubtful accounts, end $ 7,697 $ 6,365

Acquisitions and Discontinued_2

Acquisitions and Discontinued Operations (Tables)	9 Months Ended
	Sep. 30, 2024
Discontinued Operations [Line Items]
Schedule of impact of the acquisition's purchase price	Cash and $ 200 Property, plant and equipment (1 to 10-year useful life) 573 Goodwill 2,660 Liabilities (850 ) Noncontrolling interest (1,243 ) Net assets $ 1,340
Schedule of assets and liabilities	September 30, 2024 December 31, 2023 (in thousands) Assets Cash $ 1,845 $ 2,483 Receivables from the settlement of derivative contract—current 4,435 10,699 Current assets of discontinued operations $ 6,280 $ 13,182 Receivables from the settlement of derivative contract —noncurrent $ — $ 2,362 Other noncurrent assets 5,184 5,078 Noncurrent assets of discontinued operations $ 5,184 $ 7,440 Liabilities Income taxes payable 1,637 1,399 Accounts payable and other current liabilities — 91 Current liabilities of discontinued operations $ 1,637 $ 1,490 Deferred tax liabilities 703 698 Noncurrent liabilities of discontinued operations $ 703 $ 698
Schedule of operations of discontinued operations	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) Income from operations $ — $ — $ — $ — Other (loss) income, net (30 ) (395 ) (375 ) 800 Income before income taxes (30 ) (395 ) (375 ) 800 Benefit from (provision) for income taxes 5 91 (60 ) (314 ) Net loss from discontinued operations, net of taxes $ (25 ) $ (304 ) $ (435 ) $ 486 Income before income taxes attributable to Genie Energy Ltd. $ 0.0 $ (395 ) $ 0.5 $ 800
Schedule of cash flows of discontinued operations	Nine Months Ended September 30, 2024 2023 (in thousands) Net (loss) income $ (435 ) $ 486 Non-cash items 244 1,170 Changes in assets and liabilities 8,761 17,805 Cash flows provided by operating activities of discontinued operations $ 8,570 $ 19,461

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	9 Months Ended
	Sep. 30, 2024
Concentration Risk [Line Items]
Schedule of balance of assets and liabilities measured at fair value on a recurring basis	Level 1 1 Level 2 2 Level 3 3 Total (in thousands) September 30, 2024 Assets: Marketable equity securities $ 420 $ — $ — $ 420 Derivative contracts $ 294 $ — $ — $ 294 Liabilities: Derivative contracts $ 343 $ — $ — $ 343 December 31, 2023 Assets: Marketable equity securities $ 396 $ — $ — $ 396 Derivative contracts $ 673 $ — $ — $ 673 Liabilities: Derivative contracts $ 1,724 $ — $ — $ 1,724 ( 1 quoted prices in active markets for identical assets or liabilities ( 2 observable inputs other than quoted prices in active markets for identical assets and liabilities ( 3 no observable pricing inputs in the market
Schedule of concentration risk	The following table summarizes the percentage of revenues by customers that equal or exceed 10.0 of consolidated revenues for the three and nine September 30, 2024 2023 (no other single customer accounted for 10.0 or greater of the consolidated revenues in these periods): Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Customer A 20.9 % 24.1 % 21.9 % 17.4 %
Consolidated revenues [Member] | Customer Concentration Risk [Member]
Concentration Risk [Line Items]
Schedule of concentration risk	September 30, 2024 December 31, 2023 Customer A 16.0 % 21.4 %

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
	Sep. 30, 2024
Derivative Instruments
Schedule of volume of GRE's outstanding contracts and options	Settlement Dates Volume Electricity (in MWH) Gas (in Dth) Third quarter of 2024 — — Fourth quarter of 2024 10,680 — First quarter of 2025 10,440 225,000 Second quarter of 2025 — 227,500 Third quarter of 2025 5,120 230,000 Fourth quarter of 2025 — 230,000 First quarter of 2026 — — Second quarter of 2026 — — Third quarter of 2026 9,152 —
Schedule of fair value of outstanding derivative instruments recorded as assets and liability	Asset Derivatives Balance Sheet Location September 30, 2024 December 31, 2023 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current assets $ 234 $ 321 Energy contracts and options Other assets 160 352 Total derivatives not designated or not qualifying as hedging instruments — $ 394 $ 673 Liability Derivatives Balance Sheet Location September 30, 2024 December 31, 2023 (in thousands) Derivatives not designated or not qualifying as hedging instruments: Energy contracts and options 1 Other current liabilities $ 288 $ 1,716 Energy contracts and options Other liabilities 55 8 Total derivatives not designated or not qualifying as hedging instruments — Liabilities $ 343 $ 1,724 ( 1 The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 .
Schedule of derivative instruments on the consolidated statements of operations	Amount of Loss Recognized on Derivatives Derivatives not designated or not qualifying as Location of Gain Recognized Three Months Ended September 30, Nine Months Ended September 30, hedging instruments on Derivatives 2024 2023 2024 2023 (in thousands) (in thousands) Energy contracts and options Cost of revenues $ (6,190 ) $ (4,461 ) $ (20,127 ) $ (21,590 )

Other Assets (Tables)

Other Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Other Assets
Schedule of Other Assets	September 30, 2024 December 31, 2023 (in thousands) Security deposit $ 7,421 $ 7,950 Right-of-use assets, net of amortization 1,839 2,138 Investments in equity securities 3,679 2,605 Investment property 3,654 — Fair value of derivative contracts — noncurrent 160 352 Other assets 2,068 2,202 Total other assets $ 18,821 $ 15,247

Investments (Tables)

Investments (Tables)	9 Months Ended
	Sep. 30, 2024
Investment in Equity Method Investees [Abstract]
Equity Method Investments [Table Text Block]	Location in Balance Sheet Measurement September 30, 2024 December 31, 2023 (in thousands) Rafael Holdings, Inc. Marketable equity securities Quoted market price $ 420 $ 396 Alternative investments —restricted (see Note 19 Other current assets Net asset value $ 3,360 $ — Alternative investments —unrestricted Other current assets Cost 2,150 3,801 Total included in other current assets $ 5,510 $ 3,801 PRI Fuel Supply Ltd. Other noncurrent assets Equity method $ 402 $ — CPP Genie Community Solar Other noncurrent assets Equity method 240 303 Roded (see Note 4 Other noncurrent assets Equity method — 1,268 Alternative investments —restricted (see Note 19 Other noncurrent assets Net assets value 875 — Alternative investments —unrestricted Other noncurrent assets Cost 2,162 1,034 Total equity investments included in other noncurrent assets $ 3,679 $ 2,605
Schedule of Sale of Stock by Subsidiary or Equity Method Investee Disclosure [Table Text Block]	Nine Months Ended September 30, 2024 2023 (in thousands) Balance, beginning of period $ 4,835 $ 3,178 Purchase 3,987 1,300 Gain recognized during the period 307 249 Distribution (582 ) — Balance, end of period $ 8,547 $ 4,727

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets (Tables)	9 Months Ended
	Sep. 30, 2024
Goodwill and Other Intangible Assets
Schedule of goodwill	GRE Genie Renewables Total (in thousands) Balance at January 1, 2024 $ 9,998 $ — $ 9,998 Consolidation of Roded — 2,660 2,660 Cumulative translation adjustment — 32 32 Balance at September 30, 2024 $ 9,998 $ 2,692 $ 12,690
Schedule of other intangible assets	Weighted Average Amortization Period Gross Carrying Amount Accumulated Amortization Net Balance (in thousands) September 30, 2024 Patents and trademarks 18.1 years $ 3,510 $ (1,530 ) $ 1,980 Customer relationships 9.0 1,100 (866 ) 234 Licenses 10.0 479 (234 ) 245 Total $ 5,089 $ (2,630 ) $ 2,459 December 31, 2023 Patent and trademark 18.1 years $ 3,510 $ (1,383 ) $ 2,127 Customer relationships 9.0 years 1,100 (774 ) 326 Licenses 10.0 years 479 (198 ) 281 Total $ 5,089 $ (2,355 ) $ 2,734

Accrued Expenses and Other Cu_2

Accrued Expenses and Other Current Liabilities (Tables)	9 Months Ended
	Sep. 30, 2024
Accrued Expenses and Other Current Liabilities
Schedule of accrued expenses	September 30, 2024 December 31, 2023 (in thousands) Renewable energy $ 25,714 $ 31,662 Liability to customers related to promotions and retention incentives 9,446 9,493 Payroll and employee benefit 3,992 5,095 Other accrued expenses 5,059 3,139 Total accrued expenses $ 44,211 $ 49,389
Schedule of other current liabilities	September 30, 2024 December 31, 2023 (in thousands) Contract liabilities $ 3,867 $ 5,582 Current hedge liabilities 288 1,716 Current lease liabilities 213 309 Current captive insurance liability (see Note 19 487 143 Others 1,339 1,530 Total other current liabilities $ 6,194 $ 9,280

Leases (Tables)

Leases (Tables)	9 Months Ended
	Sep. 30, 2024
Leases
Schedule of operating lease expense	September 30, 2024 December 31, 2023 (in thousands) ROU Assets $ 1,839 $ 2,138 Current portion of operating lease liabilities 213 309 Noncurrent portion of operating lease liabilities 1,727 1,952 Total $ 1,940 $ 2,261
Schedule of supplemental cash flow information	Nine Months Ended September 30, 2024 2023 Cash paid for amounts included in the measurement of lease liabilities: (in thousands) Operating cash flows from operating activities $ 393 $ 487 ROU assets obtained in the exchange for lease liabilities Operating leases $ 67 $ 237
Schedule of future operating lease	(in thousands) Remainder of 2024 $ 107 2025 342 2026 328 2027 307 2028 312 Thereafter 2,240 Total future lease payments 3,636 Less imputed interest 1,696 Total operating lease liabilities $ 1,940

Equity (Tables)

Equity (Tables)	9 Months Ended
	Sep. 30, 2024
Equity
Schedule of dividend paid	Declaration Date Dividend Per Share Aggregate Dividend Amount Record Date Payment Date February 8, 2024 $ 0.0750 $ 2,121 February 20, 2024 February 28, 2024 May 2, 2024 0.0750 2,031 May 20, 2024 May 31, 2024 August 1, 2024 0.0750 2,019 August 14, 2024 August 21, 2024

Variable Interest Entity (Table

Variable Interest Entity (Tables)	9 Months Ended
	Sep. 30, 2024
Variable Interest Entity
Schedule of net loss related to CCE and aggregate net funding	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Net income (loss) $ 130 $ (148 ) $ 289 $ (167 ) Aggregate funding (provided by) paid to the Company, net $ 222 $ (12 ) $ 293 $ 22
Schedule of combined balance sheet amounts related to CCE	September 30, 2024 December 31, 2023 (in thousands) Assets Cash, cash equivalents and restricted cash $ 274 $ 265 Trade accounts receivable 176 275 Prepaid expenses and other current assets 360 323 Other assets 363 360 Total assets $ 1,173 $ 1,223 Liabilities and noncontrolling interests Current liabilities $ 565 $ 611 Due to IDT Energy 4,600 4,893 Noncontrolling interests (3,992 ) (4,281 ) Total liabilities and noncontrolling interests $ 1,173 $ 1,223

Income Taxes (Tables)

Income Taxes (Tables)	9 Months Ended
	Sep. 30, 2024
Income Taxes
Schedule of company's effective tax rate	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 Reported tax rate 27.7 % 25.7 % 26.8 % 25.4 %

Earnings Per Share (Tables)

Earnings Per Share (Tables)	9 Months Ended
	Sep. 30, 2024
Earnings Per Share
Schedule of weighted-average number of shares used in the calculation of basic and diluted earnings per share	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Basic weighted-average number of shares 26,526 26,615 26,771 25,541 Effect of dilutive securities: Non-vested restricted Class B common stock 342 691 390 466 Stock options and warrants — 56 — 49 Diluted weighted-average number of shares 26,868 27,362 27,161 26,056

Related Party Transactions (Tab

Related Party Transactions (Tables)	9 Months Ended
	Sep. 30, 2024
Related Party Transactions
Schedule of related party transactions	Three Months Ended September 30, Nine Months Ended September 30, 2024 2023 2024 2023 (in thousands) (in thousands) Amount IDT charged the Company $ 209 $ 225 $ 732 $ 866 Amount the Company charged IDT $ 35 $ 34 $ 102 $ 101
Schedule of receivables and payables	September 30, 2024 December 31, 2023 (in thousands) Due to IDT $ 141 $ 165 Due from IDT $ 25 $ 20

Business Segment Information (T

Business Segment Information (Tables)	9 Months Ended
	Sep. 30, 2024
Business Segment Information
Schedule of operating results for the business segments	(in thousands) GRE Genie Renewables Corporate Total Three Months Ended September 30, 2024 Revenues $ 105,800 $ 6,117 $ — $ 111,917 Income (loss) from operations 15,038 (243 ) (3,119 ) 11,676 Depreciation and amortization 75 156 — 231 Stock-based compensation 270 18 279 567 Provision for doubtful accounts receivables 441 — — 441 Provision for (benefit from) income taxes 5,305 (191 ) (1,190 ) 3,924 Three Months Ended September 30, 2023 Revenues $ 120,313 $ 4,736 $ — $ 125,049 Income (loss) from operations 21,998 (2,051 ) (2,061 ) 17,886 Depreciation and amortization 83 12 — 95 Stock-based compensation 242 9 398 649 Provision for (benefit from) income taxes 5,985 (318 ) (649 ) 5,018 Provision for doubtful accounts receivables 350 — — 350 Nine Months Ended September 30, 2024 Revenues $ 304,982 $ 17,318 $ — $ 322,300 Income (loss) from operations 43,897 (2,279 ) (9,531 ) 32,087 Depreciation and amortization 226 420 — 646 Stock-based compensation 777 35 962 1,774 Provision for (benefit from) income taxes 13,849 (1,033 ) (2,507 ) 10,309 Provision for doubtful accounts receivables 1,651 — — 1,651 Nine Months Ended September 30, 2023 Revenues $ 311,458 $ 12,329 $ — $ 323,787 Income (loss) from operations 56,862 (4,477 ) (8,189 ) 44,196 Depreciation and amortization 248 38 — 286 Stock-based compensation 790 19 1,445 2,254 Provision for (benefit from) income taxes 16,004 (1,107 ) (1,946 ) 12,951 Provision for doubtful accounts receivables 1,722 — — 1,722
Schedule of total assets for the business segments	(in thousands) GRE Genie Renewables Corporate Total Total assets: September 30, 2024 $ 220,693 $ 36,377 $ 84,611 $ 341,681 December 31, 2023 214,121 28,912 87,522 330,555

Commitments and Contingencies (

Commitments and Contingencies (Tables)	9 Months Ended
	Sep. 30, 2024
Commitments and Contingencies
Schedule of purchase commitments outstanding	(in thousands) Remainder of 2024 $ 29,873 2025 48,051 2026 13,554 2027 1,020 Thereafter — Total payments $ 92,498
Schedule of change in the current and noncurrent captive insurance liabilities	Current and noncurrent captive insurance liabilities, beginning $ 45,088 Changes for the provision of prior year claims 4,374 Changes for the provision for current year claims (1,707 ) Payment of claims — Current and noncurrent captive insurance liabilities, end $ 47,755
Schedule of captive insurance liability outstanding	Remainder of 2024 $ 122 2025 791 2026 1,971 2027 2,969 2028 3,653 Thereafter 38,249 Total payments $ 47,755

Basis of Presentation and Bus_2

Basis of Presentation and Business Changes and Development (Details) - USD ($) $ in Thousands	3 Months Ended					9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2023	Sep. 30, 2022	Mar. 31, 2022	Sep. 30, 2024	Sep. 30, 2023
Subsidiary or Equity Method Investee [Line Items]
Impairment of assets	$ 80					$ 199
Percentage of gas revenue generated in given period		32.50%		30.50%
Other nonoperating income			$ 3,100
Genie Retail Energy [Member]
Subsidiary or Equity Method Investee [Line Items]
Company's investment, ownership percentage in subsidiary						100%
Percentage of gas revenue generated in given period			48.10%		39.70%
CityCom Solar [Member]
Subsidiary or Equity Method Investee [Line Items]
Company's investment, ownership percentage in subsidiary						92.80%
Genie Solar Energy [Member]
Subsidiary or Equity Method Investee [Line Items]
Company's investment, ownership percentage in subsidiary						95.50%
Diversegy [Member]
Subsidiary or Equity Method Investee [Line Items]
Company's investment, ownership percentage in subsidiary						91.50%
Genie Solar Energy [Member]
Subsidiary or Equity Method Investee [Line Items]
Impairment of assets						$ 200

Cash, Cash Equivalents, and R_3

Cash, Cash Equivalents, and Restricted Cash (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Cash, Cash Equivalents, and Restricted Cash
Cash and cash equivalents	$ 136,295	$ 107,609
Restricted cash—short-term	7,686	10,442
Restricted cash—long-term	47,271	44,945
Total cash, cash equivalents, and restricted cash	$ 191,252	$ 162,996	$ 143,403

Cash, Cash Equivalents, and R_4

Cash, Cash Equivalents, and Restricted Cash (Details Textual) $ in Millions	Sep. 30, 2024 USD ($)
Captive Insurance Company [Member]
Cash and Cash Equivalents [Line Items]
Restricted Cash, Current	$ 3.9

Inventories (Details)

Inventories (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Inventories
Natural gas	$ 1,515	$ 1,309
Renewable credits	6,917	12,105
Solar panels, net of a valuation allowance of $0 million and $0.8 million at September 30, 2024 and December 31, 2023, respectively	81	1,184
Totals	$ 8,513	$ 14,598

Inventories (Details Textual)

Inventories (Details Textual) - USD ($) $ in Millions	Sep. 30, 2024	Dec. 31, 2023	Sep. 30, 2023
Inventories
Solar panels, valuation allowance	$ 0	$ 0.8
Inventory valuation allowance	$ 0.4		$ 0.8

Revenue Recognition (Details)

Revenue Recognition (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 111,917	$ 125,049	$ 322,300	$ 323,787
Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	100,694	114,002	268,390	268,688
Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	5,055	4,990	35,867	40,890
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,168	6,057	18,043	14,209
Fixed rate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	60,579	76,319	170,606	162,047
Fixed rate [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	57,963	73,595	157,266	150,725
Fixed rate [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,616	2,724	13,340	11,322
Fixed rate [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Variable rate [Member]
Disaggregation of Revenue [Line Items]
Total revenues	45,170	42,673	133,651	147,531
Variable rate [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	42,731	40,407	111,124	117,963
Variable rate [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,439	2,266	22,527	29,568
Variable rate [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,168	6,057	18,043	14,209
Other [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 6,168	$ 6,057	$ 18,043	$ 14,209

Revenue Recognition (Details 1)

Revenue Recognition (Details 1) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Disaggregation of Revenue [Line Items]
Total revenues	$ 111,917	$ 125,049	$ 322,300	$ 323,787
Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	100,694	114,002	268,390	268,688
Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	5,055	4,990	35,867	40,890
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,168	6,057	18,043	14,209
Non-Commercial Channel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	97,013	97,007	275,264	249,183
Non-Commercial Channel [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	94,474	95,026	250,173	220,481
Non-Commercial Channel [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,539	1,981	25,091	28,702
Non-Commercial Channel [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Commercial Channel [Member]
Disaggregation of Revenue [Line Items]
Total revenues	8,736	21,985	28,993	60,395
Commercial Channel [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,220	18,976	18,217	48,207
Commercial Channel [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues	2,516	3,009	10,776	12,188
Commercial Channel [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	6,168	6,057	18,043	14,209
Other [Member] | Electricity [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Natural gas [Member]
Disaggregation of Revenue [Line Items]
Total revenues
Other [Member] | Other [Member]
Disaggregation of Revenue [Line Items]
Total revenues	$ 6,168	$ 6,057	$ 18,043	$ 14,209

Revenue Recognition (Details 2)

Revenue Recognition (Details 2) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Revenue Recognition
Contract liability, beginning	$ 5,582	$ 1,759
Recognition of revenue included in the beginning of the year contract liability	(4,365)	(430)
Additions during the period, net of revenue recognized during the period	2,650	3,290
Contract liability, end	$ 3,867	$ 4,619

Revenue Recognition (Details 3)

Revenue Recognition (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Accounts Receivable, Allowance for Credit Loss [Roll Forward]
Allowance for doubtful accounts, beginning			$ 6,574	$ 4,826
Additions charged to expense	$ 441	$ 350	1,651	1,722
Other deductions			(528)	(183)
Allowance for doubtful accounts, end	$ 7,697	$ 6,365	$ 7,697	$ 6,365

Acquisitions and Discontinued_3

Acquisitions and Discontinued Operations (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Business Acquisition [Line Items]
Goodwill	$ 12,690	$ 9,998
Roded Recycling Industries Ltd. [Member]
Business Acquisition [Line Items]
Cash and other current liabilities	200
Property, plant and equipment	573
Goodwill	2,660
Liabilities	(850)
Noncontrolling interest	(1,243)
Net assets	$ 1,340

Acquisitions and Discontinued_4

Acquisitions and Discontinued Operations (Details 1) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Assets
Current assets of discontinued operations	$ 6,280	$ 13,182
Noncurrent assets of discontinued operations	5,184	7,405
Liabilities
Current liabilities of discontinued operations	1,637	4,858
Noncurrent liabilities of discontinued operations	703	638
Lumo Finland and Lumo Sweden [Member]
Assets
Cash	1,845	2,483
Receivables from the settlement of derivative contract—current	4,435	10,699
Current assets of discontinued operations	6,280	13,182
Receivables from the settlement of derivative contract—noncurrent		2,362
Other noncurrent assets	5,184	5,078
Noncurrent assets of discontinued operations	5,184	7,440
Liabilities
Income taxes payable	1,637	1,399
Accounts payable and other current liabilities		91
Current liabilities of discontinued operations	1,637	1,490
Deferred tax liabilities	703	698
Noncurrent liabilities of discontinued operations	$ 703	$ 698

Acquisitions and Discontinued_5

Acquisitions and Discontinued Operations (Details 2) - USD ($)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations [Line Items]
Net loss from discontinued operations, net of taxes	$ (25,000)	$ (304,000)	$ (435,000)	$ 5,923,000
Lumo Finland and Lumo Sweden [Member]
Discontinued Operations [Line Items]
Income from operations
Other (loss) income, net	(30,000)	(395,000)	(375,000)	800,000
Income before income taxes	(30,000)	(395,000)	(375,000)	800,000
Benefit from (provision) for income taxes	5,000	91,000	(60,000)	(314,000)
Net loss from discontinued operations, net of taxes	(25,000)	(304,000)	(435,000)	486,000
Income before income taxes attributable to Genie Energy Ltd.	$ 0	$ (395,000)	$ (500)	$ 800,000

Acquisitions and Discontinued_6

Acquisitions and Discontinued Operations (Details 3) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations [Line Items]
Net (loss) income	$ (25)	$ (304)	$ (435)	$ 5,923
Cash flows provided by operating activities of discontinued operations			8,570	19,461
Lumo Finland and Lumo Sweden [Member]
Discontinued Operations [Line Items]
Net (loss) income	(25)	$ (304)	(435)	486
Non-cash items			244	1,170
Changes in assets and liabilities			8,761	17,805
Cash flows provided by operating activities of discontinued operations			8,570	19,461
United Kingdom Operations [Member]
Discontinued Operations [Line Items]
Net (loss) income	$ 0		$ 0
Non-cash items				$ 5,400

Acquisitions and Discontinued_7

Acquisitions and Discontinued Operations (Details Textual) $ in Thousands, € in Millions, ₪ in Millions, £ in Millions

1 Months Ended

3 Months Ended

9 Months Ended

17 Months Ended

Nov. 08, 2023 EUR (€)

Nov. 03, 2023 USD ($)

Mar. 11, 2023 Entities

Feb. 29, 2024 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2022 ILS (₪)

Sep. 30, 2024 USD ($)

Sep. 30, 2023 USD ($)

Sep. 30, 2024 USD ($)

Sep. 30, 2024 EUR (€)

Sep. 30, 2023 USD ($)

Apr. 30, 2024 USD ($)

Sep. 30, 2024 GBP (£)

Sep. 30, 2024 EUR (€)

Dec. 31, 2023 USD ($)

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Net book value

$ 3,679

$ 3,679

$ 2,605

Income from discontinued operations, net of taxes

(25)

$ (304)

(435)

$ 5,923

Gain (Loss) on Sale of Derivatives

44,500

€ 40

Settlement payment amount

5,300

5,300

€ 4.8

Loss Contingency, Receivable

23,700

23,700

£ 18.8

Lumo Finland Grant [Member] | Recovery of payments [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Settlement payment amount

4,500

4,500

4.2

Lumo Finland Grant [Member] | Recovery Of Payments Under Parental Guarantee [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Settlement payment amount

1,700

1,700

€ 1.6

Lumo Finland and Lumo Sweden [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Income from discontinued operations, net of taxes

(25)

$ (304)

(435)

$ 486

Cash

1,845

1,845

2,483

Income taxes payable

1,637

1,637

$ 1,399

United Kingdom Operations [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Income from discontinued operations, net of taxes

$ 0

0

OCH Holding Company and Entrust Green Initiative Fund, LLC [Member] | Special purpose entities Which Operates in Ohio and Michigan [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Number of special purpose entities acquired | Entities

10

Business acquisition, amount held in escrow

$ 1,000

OCH Holding Company and Entrust Green Initiative Fund, LLC [Member] | Special purpose entities Which Operates in Ohio and Michigan [Member] | Solar System Facilities [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Asset Acquisition, Purchase Price

7,700

Asset Acquisition, Consideration Transferred, Transaction Cost

200

OCH Holding Company and Entrust Green Initiative Fund, LLC [Member] | Special purpose entity Which Operates in Indiana [Member] | Solar System Facilities [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Asset Acquisition, Purchase Price

$ 1,300

Property, Plant and Equipment, Useful Life

30 years

Lumo Sweden [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Gain (Loss) on Sale of Derivatives

€ 35.2

$ 39,200

Lumo Sweden [Member] | Electricity Swap Instruments [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

New note payment terms, description

settled monthly based on the monthly commodity volume specified in the instruments from September 2022 to March 2025

settled monthly based on the monthly commodity volume specified in the instruments from September 2022 to March 2025

OCH Holding Company and Entrust Green Initiative Fund, LLC [Member] | Special purpose entities Which Operates in Ohio and Michigan [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Business acquisition, purchase price

7,500

OCH Holding Company and Entrust Green Initiative Fund, LLC [Member] | Special purpose entity Which Operates in Indiana [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Business acquisition, purchase price

$ 1,300

Roded Recycling Industries Ltd. [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Business acquisition, percentage of voting interests acquired

45%

45%

Net book value

$ 1,300

Minority interest percentage

51.20%

Business acquisition, purchase price

$ 1,500

₪ 5

Consolidation, Less than Wholly Owned Subsidiary, Parent Ownership Interest, Changes, Purchase of Interest by Parent

$ 400

Maximum [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Property, Plant and Equipment, Useful Life

30 years

10 years

10 years

10 years

10 years

Minimum [Member]

Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]

Property, Plant and Equipment, Useful Life

14 years

1 year

1 year

1 year

1 year

Fair Value Measurements (Detail

Fair Value Measurements (Details) - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Assets:
Marketable equity securities		$ 420	$ 396
Derivative Asset, Statement of Financial Position [Extensible Enumeration]		Other Assets, Noncurrent	Other Assets, Noncurrent
Liabilities:
Derivative Liability, Statement of Financial Position [Extensible Enumeration]		Total other liabilities	Total other liabilities
Recurring [Member]
Assets:
Marketable equity securities		$ 420	$ 396
Derivative contracts		294	673
Liabilities:
Derivative contracts		343	1,724
Level 1 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[1]	420	396
Derivative contracts	[1]	294	673
Liabilities:
Derivative contracts	[1]	343	1,724
Level 2 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[2]
Derivative contracts	[2]
Liabilities:
Derivative contracts	[2]
Level 3 [Member] | Recurring [Member]
Assets:
Marketable equity securities	[3]
Derivative contracts	[3]
Liabilities:
Derivative contracts	[3]
[1] quoted prices in active markets for identical assets or liabilities observable inputs other than quoted prices in active markets for identical assets and liabilities no observable pricing inputs in the market

Fair Value Measurements (Deta_2

Fair Value Measurements (Details 1)	3 Months Ended		9 Months Ended	12 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Dec. 31, 2023
Sales Revenue, Net [Member] | Customer Concentration Risk [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	20.90%	24.10%
Consolidated gross trade accounts receivable [Member] | Customer A [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			16%	21.40%
Consolidated gross trade accounts receivable [Member] | Customer Concentration Risk [Member] | Con Edison [Member]
Concentration Risk [Line Items]
Concentration risk, percentage			10%	10%

Fair Value Measurements (Deta_3

Fair Value Measurements (Details Textual) - Customer Concentration Risk [Member]	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Customer [Member] | Accounts Receivable [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage			10%
Customer [Member] | Revenues [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage	10%	10%	10%	10%
Customer A [Member] | Revenues [Member]
Fair Value Measurements (Textual)
Concentration risk, percentage			21.90%	17.40%

Derivative Instruments (Details

Derivative Instruments (Details)	9 Months Ended
	Sep. 30, 2024
Electricity (in MWH) [Member] | Third quarter of 2024
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Fourth quarter of 2024
Derivative [Line Items]
Volume	10,680
Electricity (in MWH) [Member] | First quarter of 2025
Derivative [Line Items]
Volume	10,440
Electricity (in MWH) [Member] | Second quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Third quarter of 2025
Derivative [Line Items]
Volume	5,120
Electricity (in MWH) [Member] | Fourth quarter of 2025
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | First quarter of 2026
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Second quarter of 2026
Derivative [Line Items]
Volume
Electricity (in MWH) [Member] | Third quarter of 2026
Derivative [Line Items]
Volume	9,152
Gas (in Dth) [Member] | Third quarter of 2024
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | Fourth quarter of 2024
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | First quarter of 2025
Derivative [Line Items]
Volume	225,000
Gas (in Dth) [Member] | Second quarter of 2025
Derivative [Line Items]
Volume	227,500
Gas (in Dth) [Member] | Third quarter of 2025
Derivative [Line Items]
Volume	230,000
Gas (in Dth) [Member] | Fourth quarter of 2025
Derivative [Line Items]
Volume	230,000
Gas (in Dth) [Member] | First quarter of 2026
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | Second quarter of 2026
Derivative [Line Items]
Volume
Gas (in Dth) [Member] | Third quarter of 2026
Derivative [Line Items]
Volume

Derivative Instruments (Detai_2

Derivative Instruments (Details 1) - Energy contracts and options [Member] - USD ($) $ in Thousands		Sep. 30, 2024	Dec. 31, 2023
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments		$ 394	$ 673
Liability Derivatives not designated or not qualifying as hedging instruments		343	1,724
Other current assets [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments	[1]	234	321
Other assets [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Asset Derivatives not designated or not qualifying as hedging instruments		160	352
Other current liabilities [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Liability Derivatives not designated or not qualifying as hedging instruments	[1]	288	1,716
Other liabilities [Member]
Schedule of fair value of outstanding derivative instruments recorded as assets and liability
Liability Derivatives not designated or not qualifying as hedging instruments		$ 55	$ 8
[1] The Company classifies derivative assets and liabilities as current based on the cash flows expected to be incurred within the following 12 .

Derivative Instruments (Detai_3

Derivative Instruments (Details 2) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Energy contracts and options [Member] | Cost of revenues [Member]
Effects of derivative instruments on the consolidated statements of operations
Amount of Gain (Loss) Recognized on Derivatives	$ (6,190)	$ (4,461)	$ (20,127)	$ (21,590)

Other Assets (Details 1)

Other Assets (Details 1) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other Assets
Security deposit	$ 7,421	$ 7,950
Right-of-use assets, net of amortization	1,839	2,138
Investments in equity securities	3,679	2,605
Investment property	3,654
Fair value of derivative contracts—noncurrent	160	352
Other assets	2,068	2,202
Total other assets	$ 18,821	$ 15,247

Investments (Details)

Investments (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Marketable Securities [Line Items]
Total included in other current assets	$ 5,510	$ 3,801
Total included in other noncurrent assets	3,679	2,605
Rafael [Member]
Marketable Securities [Line Items]
Total included in other current assets	420	396
Alternative investments—restricted [Member]
Marketable Securities [Line Items]
Total included in other current assets	3,360
Total included in other noncurrent assets	875
Alternative investments—unrestricted [Member]
Marketable Securities [Line Items]
Total included in other current assets	2,150	3,801
Total included in other noncurrent assets	2,162	1,034
PRI Fuel Supply Ltd [Member]
Marketable Securities [Line Items]
Total included in other noncurrent assets	402
CPP Genie Community Solar [Member]
Marketable Securities [Line Items]
Total included in other noncurrent assets	240	303
Roded Recycling Industries Ltd. [Member]
Marketable Securities [Line Items]
Total included in other noncurrent assets		$ 1,268

Investments (Details 1)

Investments (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Investment in Equity Method Investees [Abstract]
Balance, beginning of period	$ 4,835	$ 3,178
Purchase	3,987	1,300
Gain recognized during the period	307	249
Distribution	(582)
Balance, end of period	$ 8,547	$ 4,727

Investments (Details 2 Textual)

Investments (Details 2 Textual) - USD ($) $ in Thousands		1 Months Ended	3 Months Ended	9 Months Ended
	Feb. 01, 2026	Jul. 31, 2024	Sep. 30, 2024	Sep. 30, 2024	Dec. 31, 2023
Subsidiary or Equity Method Investee [Line Items]
Receivable from issuance of equity			$ (870)	$ (870)
Howard S. Jonas [Member]
Subsidiary or Equity Method Investee [Line Items]
Percentage of ownership interest in subsidiary		49%	49%
Proceeds from noncontrolling Interests			$ 900
Receivable from issuance of equity			900	$ 900
Howard S. Jonas [Member] | Note payable [Member]
Subsidiary or Equity Method Investee [Line Items]
Percentage of ownership interest in subsidiary				49%
Subsidiaries [Member]
Subsidiary or Equity Method Investee [Line Items]
Investment property at cost		$ 3,600
Percentage of ownership interest in subsidiary		51%
Payments To Acquire Real Estate	$ 1,800
Subsidiaries [Member] | Note payable [Member]
Subsidiary or Equity Method Investee [Line Items]
Debt Instrument, Face Amount	$ 1,800
Debt Instrument, Interest Rate, Stated Percentage	5%
Long-Term Debt outstanding			$ 3,600	$ 3,600
Debt Instrument, Interest Rate, Effective Percentage			5%	5%

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets (Details) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Goodwill [Roll Forward]
Beginning balance	$ 9,998
Consolidation of Roded	2,660
Cumulative translation adjustment	32
Ending balance	12,690
GRE [Member]
Goodwill [Roll Forward]
Beginning balance	9,998
Consolidation of Roded
Cumulative translation adjustment
Ending balance	9,998
GRE International Corporation [Member]
Goodwill [Roll Forward]
Beginning balance
Consolidation of Roded	2,660
Cumulative translation adjustment	32
Ending balance	$ 2,692

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets (Details 1) - USD ($) $ in Thousands	9 Months Ended	12 Months Ended
	Sep. 30, 2024	Dec. 31, 2023
Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 5,089	$ 5,089
Accumulated Amortization	(2,630)	(2,355)
Net Balance	$ 2,459	$ 2,734
Patents and trademarks [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	18 years 1 month 6 days	18 years 1 month 6 days
Gross Carrying Amount	$ 3,510	$ 3,510
Accumulated Amortization	(1,530)	(1,383)
Net Balance	$ 1,980	$ 2,127
Customer relationships [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	9 years	9 years
Gross Carrying Amount	$ 1,100	$ 1,100
Accumulated Amortization	(866)	(774)
Net Balance	$ 234	$ 326
Licenses [Member]
Finite-Lived Intangible Assets [Line Items]
Weighted Average Amortization Period	10 years	10 years
Gross Carrying Amount	$ 479	$ 479
Accumulated Amortization	(234)	(198)
Net Balance	$ 245	$ 281

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets (Details Textual) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Goodwill and Other Intangible Assets
Amortization expense of intangible assets	$ 0.1	$ 0.1	$ 0.2	$ 0.3
Amortization expense of finite lives intangible assets, remainder of 2024	0.1		0.1
Amortization expense of finite lives intangible assets, 2025	0.4		0.4
Amortization expense of finite lives intangible assets, 2026	0.3		0.3
Amortization expense of finite lives intangible assets, 2027	0.3		0.3
Amortization expense of finite lives intangible assets, 2028	0.2		0.2
Amortization expense of finite lives intangible assets, thereafter	$ 1.1		$ 1.1

Accrued Expenses and Other Cu_3

Accrued Expenses and Other Current Liabilities - Schedule of accrued expenses (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Accrued expenses
Renewable energy	$ 25,714	$ 31,662
Liability to customers related to promotions and retention incentives	9,446	9,493
Payroll and employee benefit	3,992	5,095
Other accrued expenses	5,059	3,139
Total accrued expenses	$ 44,211	$ 49,389

Accrued Expenses and Other Cu_4

Accrued Expenses and Other Current Liabilities - Schedule of accrued expenses (Details 1) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Other current liabilities
Current lease liabilities	$ 213	$ 309
Nonrelated Party [Member]
Other current liabilities
Contract liabilities	3,867	5,582
Current hedge liabilities	288	1,716
Current lease liabilities	213	309
Current captive insurance liability	487	143
Others	1,339	1,530
Total other current liabilities	$ 6,194	$ 9,280

Leases (Details)

Leases (Details) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases
ROU Assets	$ 1,839	$ 2,138
Current portion of operating lease liabilities	213	309
Noncurrent portion of operating lease liabilities	1,727	1,952
Total operating lease liabilities	$ 1,940	$ 2,261
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration]	Other Assets, Noncurrent
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other Liabilities, Current
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Total other liabilities
Operating Lease, Liability, Statement of Financial Position [Extensible Enumeration]	Other Liabilities

Leases (Details 1)

Leases (Details 1) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating activities	$ 393	$ 487
ROU assets obtained in the exchange for lease liabilities
Operating leases	$ 67	$ 237

Leases (Details 2)

Leases (Details 2) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Leases
Remainder of 2024	$ 107
2025	342
2026	328
2027	307
2028	312
Thereafter	2,240
Total future lease payments	3,636
Less imputed interest	1,696
Total operating lease liabilities	$ 1,940	$ 2,261

Leases (Details Textual)

Leases (Details Textual) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Leases
Weighted average remaining lease term	14 years 4 months 24 days		14 years 4 months 24 days
Weighted average discount rate	6.40%		6.40%
Operating leases, rent expense	$ 100	$ 200	$ 400	$ 500
Finance leases	$ 0		$ 0

Equity (Details)

Equity (Details) - USD ($) $ / shares in Units, $ in Thousands	3 Months Ended						9 Months Ended
	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Sep. 30, 2024
Equity
Common Stock, Dividends, Per Share, Cash Paid	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
O 2023 Q4 Dividends [Member] | Class A Common Stock and Class B Common Stock [Member]
Equity
Declaration Date							Feb. 08, 2024
Common Stock, Dividends, Per Share, Cash Paid							$ 0.075
Aggregate Dividend Amount	$ 2,121						$ 2,121
Record Date							Feb. 20, 2024
Payment Date							Feb. 28, 2024
O 2024 Q1 Dividends [Member] | Class A Common Stock and Class B Common Stock [Member]
Equity
Declaration Date							May 02, 2024
Common Stock, Dividends, Per Share, Cash Paid							$ 0.075
Aggregate Dividend Amount	2,031						$ 2,031
Record Date							May 20, 2024
Payment Date							May 31, 2024
O 2024 Q2 Dividends [Member] | Class A Common Stock and Class B Common Stock [Member]
Equity
Declaration Date							Aug. 01, 2024
Common Stock, Dividends, Per Share, Cash Paid							$ 0.075
Aggregate Dividend Amount	$ 2,019						$ 2,019
Record Date							Aug. 14, 2024
Payment Date							Aug. 21, 2024

Equity (Details Textual)

Equity (Details Textual) - USD ($) $ / shares in Units, $ in Thousands					1 Months Ended			3 Months Ended							9 Months Ended		12 Months Ended
	Oct. 30, 2024	May 31, 2023	Mar. 08, 2021	Jun. 08, 2018	Jul. 31, 2024	Feb. 29, 2024	Feb. 28, 2023	Sep. 30, 2024	Jun. 30, 2024	Mar. 31, 2024	Sep. 30, 2023	Jun. 30, 2023	Mar. 31, 2023	Jun. 30, 2022	Sep. 30, 2024	Sep. 30, 2023	Dec. 31, 2023	Feb. 28, 2022	Feb. 07, 2022	Mar. 11, 2013
Equity
Dividends on preferred stock												$ 176	$ 157
Dividends on common stock								$ 0.075			$ 0.075				$ 0.225	$ 0.225
Amount of warrants aggregate exercise price																$ 5,000
Purchase of equity of subsidiary										$ 1,200
Unrecognized compensation cost								$ 6,500							$ 6,500
Weighted-average period															2 years 9 months 18 days
Deferred stock units granted																		290,000
Aggregate cost of acquired									$ 1,286
Cash dividend paid								$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075	$ 0.075
Redemption of preferred stock												$ 7,359	$ 1,000
Genie Energy International Corporation [Member]
Equity
Percentage of ownership						0.50%
Purchase of equity of subsidiary															$ 1,200
Board of Directors [Member]
Equity
Preferred Stock, Liquidation Preference, Value																			$ 1,000
Preferred stock, liquidation preference per share																			$ 8.5
Howard S. Jonas [Member]
Equity
Percentage ownership after all transactions					49%			49%
Preferred Stock [Member]
Equity
Preferred stock, liquidation preference per share								$ 8.5							$ 8.5
Redemption of preferred stock, shares												866,000	117,000		2,322,726
Redemption of preferred stock												$ 7,359	$ 1,000		$ 19,800
Class B common stock [Member]
Equity
Number of stock authorized to be repurchased																				7,000,000
Number of shares repurchased, shares											0					0
Remaining number of shares available for repurchase								4,200,000							4,200,000
Treasury Stock, Common, Shares								3,659,000							3,659,000		2,944,000
Treasury stock cost															$ 35,000		$ 22,700
Weighted average cost per share															$ 9.55		$ 7.75
Warrants to purchase shares								0							0
Restricted Stock, Shares Issued Net of Shares for Tax Withholdings							290,000							290,000
Class B common stock [Member] | 2021 Plan
Equity
Maximum number of shares reserved for the grant of awards			1,000,000
Class B common stock [Member] | Stock Repurchase Program [Member]
Equity
Number of shares repurchased, shares								123,274							492,032
Aggregate amount of shares repurchased								$ 2,000							$ 7,900
Class B common stock [Member] | Stock-Based Compensation [Member] | 2021 Plan
Equity
Stock option and incentive plan to reserve			500,000
Class B common stock [Member] | Howard S. Jonas [Member]
Equity
Warrants to purchase shares				1,048,218
Amount of warrants aggregate exercise price				$ 5,000
Warrants exercise price per share				$ 4.77
Shares repurchased for withholding tax obligations in connection to the exercise of the options		158,109				76,544
Exercise of stock options, shares		256,818				126,176
Stock issued during period, shares, issued for cashless exercise		98,709				49,632
Class B common stock [Member] | Warrant [Member]
Equity
Warrants to purchase shares				1,048,218
Stock issued, value, warrants exercised				$ 5,000
Series 2012-A Preferred Stock [Member]
Equity
Preferred stock, shares outstanding								0							0
Class A Common Stock and Class B Common Stock [Member] | O 2024 Q2 Dividends [Member]
Equity
Paid date of declared dividend															Aug. 21, 2024
Record date of declared dividend															Aug. 14, 2024
Cash dividend paid															$ 0.075
Class A Common Stock and Class B Common Stock [Member] | Subsequent Event [Member] | O 2024 Q2 Dividends [Member]
Equity
Dividends on common stock	$ 0.075
Paid date of declared dividend	Nov. 20, 2024
Record date of declared dividend	Nov. 12, 2024

Variable Interest Entity (Detai

Variable Interest Entity (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Variable Interest Entity
Net income (loss)	$ 130	$ (148)	$ 289	$ (167)
Aggregate funding (provided by) paid to the Company, net	$ 222	$ (12)	$ 293	$ 22

Variable Interest Entity (Det_2

Variable Interest Entity (Details 1) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	$ 341,681	$ 330,555
CCE [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	1,173	1,223
Total liabilities and noncontrolling interests	1,173	1,223
CCE [Member] | Cash, cash equivalents and restricted cash [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	274	265
CCE [Member] | Trade accounts receivable [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	176	275
CCE [Member] | Prepaid expenses and other current assets [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	360	323
CCE [Member] | Other assets [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total assets	363	360
CCE [Member] | Current liabilities [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	565	611
CCE [Member] | Due to IDT Energy [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	4,600	4,893
CCE [Member] | Noncontrolling interests [Member]
Variable Interest Entity Classifications Of Carrying Amount Assets And Liabilities Net [Abstract]
Total liabilities and noncontrolling interests	$ (3,992)	$ (4,281)

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Taxes
Reported tax rate	27.70%	25.70%	26.80%	25.40%

Earnings Per Share (Details)

Earnings Per Share (Details) - shares shares in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share
Basic weighted-average number of shares	26,526	26,615	26,771	25,541
Effect of dilutive securities:
Non-vested restricted Class B common stock	342	691	390	466
Stock options and warrants		56		49
Diluted weighted-average number of shares	26,868	27,362	27,161	26,056

Earnings Per Share (Details 1)

Earnings Per Share (Details 1) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Stock options	0	0	0	0

Earnings Per Share (Details Tex

Earnings Per Share (Details Textual) - shares	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Earnings Per Share, Basic, by Common Class, Including Two Class Method [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	0	0	0	0

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Related Party Transaction [Line Items]
Amount charged the Company	$ 25,160	$ 23,196	$ 70,076	$ 68,380
IDT [Member] | Related Party [Member]
Related Party Transaction [Line Items]
Amount charged the Company	209	225	732	866
Amount the Company charged IDT	$ 35	$ 34	$ 102	$ 101

Related Party Transactions (D_2

Related Party Transactions (Details 1) - IDT [Member] - Related Party [Member] - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Related Party Transaction [Line Items]
Due to Related Parties	$ 141	$ 165
Due from Related Parties	$ 25	$ 20

Related Party Transactions (D_3

Related Party Transactions (Details Textual) - USD ($) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

9 Months Ended

12 Months Ended

Apr. 17, 2024

Nov. 02, 2023

Dec. 07, 2020

Mar. 31, 2023

Sep. 30, 2024

Jun. 30, 2024

Sep. 30, 2023

Mar. 31, 2021

Sep. 30, 2024

Sep. 30, 2023

Dec. 31, 2023

Sep. 30, 2018

Related Party Transaction [Line Items]

Class B common stock purchased from Genie Energy Charitable Foundation

$ 768

Amount of warrants aggregate exercise price

$ 5,000

Unrealized gain (loss) on investment

$ 122

$ 334

349

$ 385

Carrying value of investment in equity method investees

$ 3,679

$ 3,679

$ 2,605

Class B common stock [Member]

Related Party Transaction [Line Items]

Number of shares repurchased, shares

0

0

Warrants to purchase shares

0

0

Rafael [Member]

Related Party Transaction [Line Items]

Unrealized gain (loss) on investment

$ 100

$ 100

$ 100

$ 100

Rafael [Member] | Class B common stock [Member]

Related Party Transaction [Line Items]

Fair value of common stock

$ 5,000

Number of common stock shares issued

218,245

Warrants to purchase shares

43,649

43,649

Warrants exercise price per share

$ 22.91

Warrants expiry date

Jun. 06, 2022

Amount of warrants aggregate exercise price

$ 1,000

Rafael [Member] | Other Investments [Member] | Class B common stock [Member]

Related Party Transaction [Line Items]

Sale of shares

195,501,000

Amount of subsidiary shares sold

$ 300

Number of subsidiary shares acquired

150,000,000

Amount of subsidiary shares acquired

$ 300

Number of outstanding shares of subsidiary held by reporting entity

216,393

216,393

Carrying value of investment in equity method investees

$ 400

$ 400

IGM Brokerage Corp. [Member]

Related Party Transaction [Line Items]

Payment of insurance premium

$ 400

Atid 613 [Member] | Other Investments [Member]

Related Party Transaction [Line Items]

Percentage of ownership

37.50%

Proceeds from equity method investments

$ 100

Related Party [Member] | Howard S. Jonas [Member] | Subsidiaries [Member]

Related Party Transaction [Line Items]

Related party transaction, Receivable amount related to an acquisition of an investment property

900

Related Party [Member] | IGM Brokerage Corp. [Member]

Related Party Transaction [Line Items]

Due to Related Parties

$ 0

$ 0

Genie Energy Charitable Foundation [Member] | Class B common stock [Member]

Related Party Transaction [Line Items]

Class B common stock purchased from Genie Energy Charitable Foundation

$ 800

Number of shares repurchased, shares

50,000

Fair value of common stock

$ 1,000

Number of common stock shares issued

50,000

Business Segment Information (D

Business Segment Information (Details) - USD ($) $ in Thousands	3 Months Ended		9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Revenues	$ 111,917	$ 125,049	$ 322,300	$ 323,787
Income (loss) from operations	11,676	17,886	32,087	44,196
Depreciation and amortization	231	95	646	286
Stock-based compensation	567	649	1,774	2,254
Provision for doubtful accounts receivables	441	350	1,651	1,722
Provision for (benefit from) income taxes	3,924	5,018	10,309	12,951
GRE [Member]
Segment Reporting Information [Line Items]
Revenues	105,800	120,313	304,982	311,458
Income (loss) from operations	15,038	21,998	43,897	56,862
Depreciation and amortization	75	83	226	248
Stock-based compensation	270	242	777	790
Provision for doubtful accounts receivables	441	350	1,651	1,722
Provision for (benefit from) income taxes	5,305	5,985	13,849	16,004
Genie Renewables [Member]
Segment Reporting Information [Line Items]
Revenues	6,117	4,736	17,318	12,329
Income (loss) from operations	(243)	(2,051)	(2,279)	(4,477)
Depreciation and amortization	156	12	420	38
Stock-based compensation	18	9	35	19
Provision for doubtful accounts receivables
Provision for (benefit from) income taxes	(191)	(318)	(1,033)	(1,107)
Corporate [Member]
Segment Reporting Information [Line Items]
Revenues
Income (loss) from operations	(3,119)	(2,061)	(9,531)	(8,189)
Depreciation and amortization
Stock-based compensation	279	398	962	1,445
Provision for doubtful accounts receivables
Provision for (benefit from) income taxes	$ (1,190)	$ (649)	$ (2,507)	$ (1,946)

Business Segment Information _2

Business Segment Information (Details 1) - USD ($) $ in Thousands	Sep. 30, 2024	Dec. 31, 2023
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 341,681	$ 330,555
GRE [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	220,693	214,121
Genie Renewables [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	36,377	28,912
Corporate [Member]
Segment Reporting, Asset Reconciling Item [Line Items]
Total assets	$ 84,611	$ 87,522

Business Segment Information _3

Business Segment Information (Details Textual) $ in Millions	9 Months Ended
	Sep. 30, 2024 USD ($) Segment	Dec. 31, 2023 USD ($)
Segment Reporting Information [Line Items]
Number of reportable segments | Segment	2
Orbit Energy Lumo Finland and Lumo Sweden [Member]
Segment Reporting Information [Line Items]
Aggregate net assets | $	$ 11.5	$ 20.6

Commitments and Contingencies_2

Commitments and Contingencies (Details) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies
Remainder of 2024	$ 29,873
2025	48,051
2026	13,554
2027	1,020
Thereafter
Total payments	$ 92,498

Commitments and Contingencies_3

Commitments and Contingencies (Details 1) $ in Thousands	Sep. 30, 2024 USD ($)
Commitments and Contingencies
Remainder of 2024	$ 122
2025	791
2026	1,971
2027	2,969
2028	3,653
Thereafter	38,249
Total payments	$ 47,755

Commitments and Contingencies -

Commitments and Contingencies - Schedule of change in the current and noncurrent captive insurance liabilities (Details 1) $ in Thousands	9 Months Ended
	Sep. 30, 2024 USD ($)
Schedule of change in the current and noncurrent captive insurance liabilities
Current and noncurrent captive insurance liabilities, beginning	$ 45,088
Changes for the provision of prior year claims	4,374
Changes for the provision for current year claims	(1,707)
Payment of claims
Current and noncurrent captive insurance liabilities, end	$ 47,755

Commitments and Contingencies_4

Commitments and Contingencies (Details Textual) € in Millions		3 Months Ended		9 Months Ended		12 Months Ended
	Sep. 29, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2023 USD ($)	Dec. 31, 2023 USD ($)	Sep. 30, 2024 EUR (€)
Commitments and Contingencies
Provision for captive insurance liability				$ (1,707,000)
Settlement payment amount		$ 5,300,000		5,300,000			€ 4.8
Future purchase commitments		92,498,000		92,498,000
Purchase of renewable energy credit				16,100,000
Future purchase commitments		92,500,000		92,500,000
Restricted Cash, Noncurrent		47,271,000		47,271,000		$ 44,945,000
Genie Retail Energy [Member]
Commitments and Contingencies
Aggregate performance bond outstanding		26,700,000		26,700,000
Unused letters of credit		700,000		700,000
Electricity [Member]
Commitments and Contingencies
Future purchase commitments		76,400,000		76,400,000
Purchase of Electricity expenses		37,300,000	$ 31,200,000	55,300,000	$ 32,600,000
Renewable energy credits [Member]
Commitments and Contingencies
Purchase of renewable energy credit		3,100,000	2,100,000	11,000,000	13,700,000
BP [Member]
Commitments and Contingencies
Trade accounts payable		17,600,000		17,600,000
Trade Accounts Receivable [Member]
Commitments and Contingencies
Assets pledged as collateral to BP Energy		56,800,000		56,800,000
Restricted Cash [Member]
Commitments and Contingencies
Assets pledged as collateral to BP Energy		500,000		500,000
Office of the Attorney General of the State of Illinois [Member] | Residents Energy [Member] | Settlement Agreement [Member]
Commitments and Contingencies
Loss contingency damages sought, value	$ 50,000
Gross revenue		9,400,000	$ 13,500,000	30,100,000	$ 37,500,000
Captive Insurance Company [Member]
Commitments and Contingencies
Provision for captive insurance liability		1,000,000		2,700,000
Payment of insurance premium						$ 51,200,000
Restricted Cash, Current		3,900,000		3,900,000
Restricted Cash, Noncurrent		47,300,000		47,300,000
Other current liabilities		$ 500,000		$ 500,000

Debt (Details)

Debt (Details) - JPMorgan [Member] - USD ($)	Feb. 14, 2024	Sep. 30, 2024
Line of Credit Facility [Line Items]
Maximum principal amount on revolving line of credit	$ 3,000,000
Quarterly unused commitment fee	0.10%
Effective interest rate	1%
Minimum principal amount of letter of credit for commitment fee payment	$ 500
Percentage of fees for each letter of credit	1%
Debt Instrument, Collateral Amount	$ 3,100,000	$ 4,200,000
Letters of credit, amount outstanding		$ 700,000

Discontinued Operations (Detail

Discontinued Operations (Details 4) - USD ($) $ in Thousands	9 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
Schedule of Equity Method Investments [Line Items]
Cash flows provided by operating activities of discontinued operations	$ 8,570	$ 19,461