SEC Comment Letter 0000000000-23-013561 to Genie Energy Ltd. (GNE) (CIK 0001528356) (GNE)
Genie Energy Ltd. (GNE) (CIK 0001528356)
Date: Dec. 13, 2023 · CIK: 0001528356 · Accession: 0000000000-23-013561
AI Filing Summary & Sentiment
File numbers found in text: 001-35327
Letter
United States securities and exchange commission logo December 13, 2023 Avi Goldin Chief Financial Officer Genie Energy Ltd. 520 Broad Street, Newark, New Jersey Re:Genie Energy Ltd. Form 10-K for the Fiscal Year Ended December 31, 2022 Form 8-K furnished on November 27, 2023 File No. 001-35327 Dear Avi Goldin: We have reviewed your filings and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2022 Form 8-K furnished on November 27, 2023 Exhibit 99.1, page 1 1.In the footnote to Pro-Forma Financials in the Appendix, you state that Pro-forma excludes the Texas Winter Storm Uri in 2021 and International. Tell us and disclose if these pro forma metrics were prepared in accordance with Article 11 of Regulation S-X. If such information has not been prepared in accordance with Article 11, please revise to disclose the basis for presentation and revise the description of the measures accordingly. Refer to Question 100.05 of the Non-GAAP Measures Compliance and Disclosure Interpretations as updated December 13, 2022.
FirstName LastNameAvi Goldin Comapany NameGenie Energy Ltd. December 13, 2023 Page 2 FirstName LastName Avi Goldin Genie Energy Ltd. December 13, 2023 Page 2 We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Joanna Lam at 202-551-3476 or Kimberly Calder at 202-551-3701 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Energy & Transportation
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United States securities and exchange commission logo
December 13, 2023
Avi Goldin
Chief Financial Officer
Genie Energy Ltd.
520 Broad Street,
Newark, New Jersey
Re:Genie Energy Ltd.
Form 10-K for the Fiscal Year Ended December 31, 2022
Form 8-K furnished on November 27, 2023
File No. 001-35327
Dear Avi Goldin:
We have reviewed your filings and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2022
Form 8-K furnished on November 27, 2023
Exhibit 99.1, page 1
1.In the footnote to Pro-Forma Financials in the Appendix, you state that Pro-forma
excludes the Texas Winter Storm Uri in 2021 and International. Tell us and disclose if
these pro forma metrics were prepared in accordance with Article 11 of Regulation S-X. If
such information has not been prepared in accordance with Article 11, please revise to
disclose the basis for presentation and revise the description of the measures accordingly.
Refer to Question 100.05 of the Non-GAAP Measures Compliance and Disclosure
Interpretations as updated December 13, 2022.
FirstName LastNameAvi Goldin
Comapany NameGenie Energy Ltd.
December 13, 2023 Page 2
FirstName LastName
Avi Goldin
Genie Energy Ltd.
December 13, 2023
Page 2
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Joanna Lam at 202-551-3476 or Kimberly Calder at 202-551-3701 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Energy & Transportation