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Genesis Energy Limited ( (DE:1G6) ) just unveiled an announcement.
Genesis Energy reported a strong operating performance for the third quarter to 31 March 2026, with hydro generation rising on favourable hydrology and above-average storage, and thermal output falling as gas was redirected to higher-value industrial customers. While total customer numbers declined as the company pruned lower-margin accounts, electricity netback improved and portfolio optimisation lifted unit economics, supported by a large coal stockpile and stable supply chains.
The company advanced key elements of its Gen35 decarbonisation strategy, progressing battery storage at Huntly, new solar projects, gas storage studies and digital upgrades, alongside biomass and electrification initiatives such as EV customer plans. On the back of cost discipline, better hydrological conditions and more favourable wholesale prices, Genesis raised its FY26 normalised EBITDAF guidance, signalling improved earnings momentum as it shifts toward a more flexible, lower-emissions generation portfolio.
More about Genesis Energy Limited
Genesis Energy is a diversified New Zealand energy company listed on the NZX and ASX that sells electricity, reticulated natural gas and LPG, and is one of the country’s largest energy retailers with around half a million customers. It generates power from a mix of thermal and renewable assets across New Zealand and holds a 46% stake in the Kupe Oil and Gas Field offshore Taranaki, underpinning its integrated generation and fuel supply position.
See more insights into 1G6 stock on TipRanks’ Stock Analysis page.