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Genie Energy Ltd., through its subsidiaries, operates as a retail energy provider; and an oil and gas exploration company. The company operates through three segments: Genie Retail Energy; Afek Oil and Gas, Ltd.; and Genie Oil and Gas. It resells electricity and natural gas to residential and small business customers primarily in the Eastern and Midwestern United States. The company also holds an 85.1% interest in the southern portion of the Golan Heights in Northern Israel; an 88.2% interest in an oil shale exploration project in Central Mongolia; and an 86.1% interest in an oil shale development project in Israel's Shfela Basin. Genie Energy Ltd. was incorporated in 2001 and is headquartered in Newark, New Jersey.
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