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Selected Quarterly Financial Data (Unaudited)
 12 Months Ended
Dec. 31, 2015
Selected Quarterly Financial Data (Unaudited) [Abstract]  
Selected Quarterly Financial Data (Unaudited)

Note 17—Selected Quarterly Financial Data (Unaudited)

The table below presents selected quarterly financial data of the Company for its fiscal quarters in 2015 and 2014:

Quarter Ended (in thousands, except per

 

 

 

Direct cost of

 

(Loss) income from

 

Net (loss)

 

Net (loss) income attributable to Genie

 

(Loss) earnings per common share

share data)

 

Revenues

 

revenues

 

operations

 

income

 

Energy Ltd.

 

Basic

 

Diluted

2015:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31

 

$

43,915

 

$

27,815

 

$

(3,674

)

 

$

(4,106

)

 

$

(3,794

)

 

$

(0.19

)

 

$

(0.19

)

September 30

 

 

52,238

 

 

30,420

 

 

3,839

 

 

 

2,626

 

 

 

2,845

 

 

 

0.11

 

 

 

0.10

 

June 30

 

 

39,527

 

 

25,551

 

 

(4,332

)

 

 

(4,726

)

 

 

(4,498

)

 

 

(0.22

)

 

 

(0.22

)

March 31

 

 

74,429

 

 

57,229

 

 

(1,715

)

 

 

(2,430

)

 

 

(2,010

)

 

 

(0.11

)

 

 

(0.11

)

TOTAL

 

$

210,109

 

$

141,015

 

$

(5.882

)

 

$

(8,636

)

 

$

(7,457

)

 

$

(0.40

)

 

$

(0.40

)

2014:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31(1)

 

$

49,687

 

$

36,924

 

$

(10,666

)

 

$

(10,428

)

 

$

(10,436

)

 

$

(0.50

)

 

$

(0.50

)

September 30

 

 

46,186

 

 

28,359

 

 

(4,107

)

 

 

(4,825

)

 

 

(4,395

)

 

 

(0.22

)

 

 

(0.22

)

June 30

 

 

48,810

 

 

37,359

 

 

(4,344

)

 

 

(5,007

)

 

 

(4,871

)

 

 

(0.24

)

 

 

(0.24

)

March 31(2)

 

 

130,348

 

 

120,452

 

 

(6,493

)

 

 

(7,147

)

 

 

(6,784

)

 

 

(0.33

)

 

 

(0.33

)

TOTAL

 

$

275,031

 

$

223,094

 

$

(25,610

)

 

$

(27,407

)

 

$

(26,486

)

 

$

(1.31

)

 

$

(1.31

)

____________

(1)      In the fourth quarter of 2014, loss from operations includes goodwill impairment of $3.6 million and gain on adjustment to estimated contingent payments of $0.2 million.

(2)      Unusually cold weather in the first quarter of 2014 that affected the overall demand for electricity and natural gas for heat caused a significant increase in revenues and direct cost of revenues in the first quarter of 2014 compared to the same period in 2015. The winter’s polar vortex resulted in extraordinarily large spikes in the prices of wholesale electricity and natural gas in markets where GRE and other REPs purchased their supply.