GENIE ENERGY LTD. (NYSE:GNE) Files An 8-K Results of Operations and Financial Condition

Item 2.02.

On March 8, 2017, Genie Energy Ltd. (the Registrant) posted an
earnings release to the investor relations page of its website
(www.genie.com) announcing its results of operations for the
quarter and full year ended December 31, 2016. A copy of the
earnings release concerning the foregoing results is furnished
herewith as Exhibit 99.1 and is incorporated herein by reference.

The Registrant is furnishing the information contained in this
Report, including Exhibit 99.1, to Item 2.02 of Form 8-K
promulgated by the Securities and Exchange Commission (the SEC).
This information shall not be deemed to be filed with the SEC or
incorporated by reference into any other filing with the SEC
unless otherwise expressly stated in such filing. In addition,
this Report and the press release contain statements intended as
forward-looking statements that are subject to the cautionary
statements about forward-looking statements set forth in the
press release.

(c) Michael Stein, previously the Executive Vice President of the
Registrant, has been elected the Registrants Chief Operating
Officer, effective March 7, 2017. In that role, Mr. Stein will be
the Registrants principal operating officer. Mr. Stein, 33, has
served as Executive Vice President of the Registrant since May
2014 and as Chief Executive Officer of Genie Retail Energy, Inc.
since May 2015. In addition, Mr. Stein serves as Chief Executive
Officer of Diversegy LLC and Executive Chairman of Retail Energy
Holdings, the operating entity of Town Square Energy. Mr. Stein
served as Senior Vice President of Operations from January 2014
to May 2014. From July 2012 to January 2014, Mr. Stein was Senior
Vice President of Business Development of IDT Telecom. From June
2007 to January 2009, Mr. Stein was an analyst at Belstar
Investment Management. Mr. Stein has also served as communal
leader at the Riverdale Jewish Center in Bronx, New York. Mr.
Stein is also a trustee of the Etzion Foundation and of the
Organization for the Resolution of Agunot. Mr. Stein received his
B.A. in Psychology from Yeshiva University.

Michael Stein is the son-in-law of Howard Jonas, the Registrants
Chairman and Chief Executive Officer and brother-in-law to
Michael Jonas, the Registrants Executive Vice President. During
Fiscal 2016, Mr. Steins annual base salary was $250,000. Mr.
Steins current annual base salary is $250,000. In February 2017,
the Compensation Committee approved a $350,000 cash bonus to
Michael Stein for his performance during Fiscal 2016. In
addition, in December 2013, the Registrants Compensation
Committee approved a grant to Mr. Stein of 29,126 restricted
shares of the Registrants Class B common stock and in May 2015
approved a grant to Mr. Stein of deferred stock units
representing 5.8 shares of common stock of Genie Retail Energy,
Inc. (approximately 0.3% of the outstanding equity interests in
GRE).

Mr. Stein has not entered into any material plan, contract,
arrangement or amendment in connection with his election as Chief
Operating Officer.

About GENIE ENERGY LTD. (NYSE:GNE)

Genie Energy Ltd. (Genie) owns interest in its subsidiary, Genie Energy International Corporation, which owns Genie Retail Energy and Genie Oil and Gas, Inc. The Company operates through three segments: Genie Retail Energy (GRE), Afek Oil and Gas, Ltd. (Afek), and Genie Oil and Gas (GOGAS). The GRE segment operates retail energy providers (REPs), including IDT Energy, Inc. and Residents Energy, Inc., and energy brokerage and marketing services. Its REP businesses resell electricity and natural gas to residential and small business customers. The Afek segment operates an oil and gas exploration project. The GOGAS segment is an oil and gas exploration company. The GOGAS segment consists of early-stage oil shale projects, including its interest in Genie Mongolia, Inc., an oil shale exploration project; American Shale Oil Corporation, which holds and manages an interest in AMSO, LLC, an oil shale development project, and Israel Energy Initiatives, Ltd., an oil shale development project.

GENIE ENERGY LTD. (NYSE:GNE) Recent Trading Information

GENIE ENERGY LTD. (NYSE:GNE) closed its last trading session 00.00 at 5.39 with 38,730 shares trading hands.