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:

SKC - FY26 Half Year Result Teleconference Details
January 22nd Morning Report
TGG - FY 2025 Earnings Guidance Update
Meridian Energy monthly operating report for December 2025
January 21st Morning Report
PEB - Q3 26 Results and Key Strategic Milestones
FBU - Fletcher Building announces sale of Fletcher Construction
A thank you from Stuff's owner and publisher
FPH Appoints New Director and Future Director
January 19th Morning Report