Genie Energy Ltd. (NYSE:GNE) Q4 2022 Earnings Call Transcript

Unidentified Analyst: Okay, great. And I have another question about the cash. Like you still have a lot of cash sitting in the — abroad like in U.K. and — so when do you expect to get all that back to you?

Michael Stein: We expect a lot to come back over the next — during 2023. Exactly when and how much, still to be determined but we’re still expecting a decent amount of cash coming from those wind downs over the next, let’s call it, 6 to 9 months.

Unidentified Analyst: And one other question I had is like now we are going to pay a lot of taxes. So have you considered like reducing the cost basis of your Rafael stock?

Michael Stein: Not sure if we can comment but we are looking at all different options about how to minimize our tax exposure.

Unidentified Analyst: All right. Yes, once — like thanks for the nice quarter and the dividends, we appreciate that. That’s all I had.

Michael Stein: Thank you for being a shareholder.

Operator: This concludes our question-and-answer session and conference call. Thank you for attending today’s presentation. You may now disconnect.