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Company:  GENIE ENERGY LTD. (GNE)
Form Type:  4
Filing Date:  9/13/2017 
CIK:  0001528356 
Address:  520 BROAD STREET 
City, State, Zip:  NEWARK, New Jersey 07012 
Telephone:  973-438-3500 
Fiscal Year:  12/31 
Last Trade
Last Trade: 
$4.86  
Change: 
-0.57 (-10.50%)  
Trade Time: 
Nov 17  
Market Cap: 
$113.09M
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© 2017  
Description of Business
Genie Retail Energy (GRE) owns retail energy providers (REPs), including IDT Energy, Inc. (IDT Energy), Residents Energy, Inc. (Residents Energy) and Retail Energy Holdings, LLC, and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers primarily in the Eastern United States. Genie Oil and Gas, Inc., (GOGAS), is an oil and gas exploration company. GOGAS projects include an oil and gas exploration project in Israel operated by its subsidiary, Afek Oil and Gas, Ltd., or Afek, where the company is in the process of operating on a petroleum exploration license covering 396.5 square kilometers in the southern portion of the Golan Heights. CORPORATE STRUCTURE Genie Energy Ltd., a Delaware corporation, owns 99.3% of its subsidiary, Genie Energy International Corporation, or GEIC, which owns 100% of GRE, and 92% of GOGAS. GOGAS holds an 85.1% interest in Afek.