Genie Energy (GNE) To Announce Second Quarter Results On August 9th

Genie Energy Ltd., (NYSE: GNE) a leading independent retail energy provider and a developer of unconventional energy projects, will announce financial results for the second quarter of 2012 (the three months ended June 30 th) on Thursday, August 9, 2012.

Genie Energy will issue the earnings release at 7:30 AM Eastern on August 9 th. The earnings release will also be posted in the “Investors” section of the Genie Energy website ( www.genie.com/investors) and filed in a current report (Form 8-K) with the S.E.C.

Genie Energy’s management will host a conference call at 8:30 AM Eastern on August 9 th to discuss financial and operational results, business outlook and strategy. The call will begin with management’s remarks followed by Q&A with analysts and investors.

To listen to the call and/or to participate in the Q&A, dial toll-free 1-877-317-6789 or 1-412-317-6789 (international) and request the Genie Energy call.

An audio file of the call in MP3 format replay will be available approximately one hour after the call concludes on the “Investors” section of the Genie Energy website www.genie.com/investors.

Earlier this year, the Company changed its fiscal year-end to December 31 st. Going forward, Genie Energy’s fiscal quarters will end on the last day of March, June, September and December each year.

About Genie Energy Ltd.:

Genie Energy Ltd (NYSE: GNE) is comprised of IDT Energy and Genie Oil and Gas (GOGAS). IDT Energy is a leading independent retail energy provider supplying electricity and natural gas to residential and small business customers in the Northeastern United States. GOGAS is pioneering technologies to produce clean and affordable transportation fuels from the world's abundant oil shales and other unconventional fuel resources. GOGAS resource development projects include oil shale initiatives in Colorado and Israel. For more information, visit www.genie.com.

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