GNE - FY23 Q1 Performance and Guidance Update

Favourable trading conditions in Q1 FY23, primarily due to higher hydro inflows and thermal generation flexibility have meant that EBITDAF performance in Q1 FY23 was higher than expected. Due to lower thermal generation, carbon emissions declined by 50% relative to Q1 FY22.

FY23 EBITDAF guidance has been updated from around $455 million to around $500 million. This remains subject to hydrological conditions, gas availability, and any material adverse events or unforeseeable circumstances.

Negotiations for Market Security Options remain ongoing and are not considered in guidance.

Genesis’ FY23 Q1 Performance Report is attached.

ENDS

•  Genesis Energy - FY23 Q1 Performance and Guidance Update
•  FY23 Q1 Performance Report

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Fonterra reports continued strong performance in FY25
Air NZ issues Australian $300 million Medium Term Notes
KMD - FY25 Annual Results Announcement
Tower successfully renews insurance programme for FY26
September 24th Morning Report
AIA - Auckland Airport considers bond offers
September 22nd Morning Report
September 19th Morning Report
Smartpay Scheme Booklet and Notice of Meeting
September 18th Morning Report