Genesis Energy Ltd

GNE: XNZE (NZL)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	NZD 8.10	Vptqby	Jbkjtvk

Genesis Energy's Result In Line, Estimates Tweaked But No Change To Fair Value Estimate

Feb 24, 2015

Genesis Energy's underlying earnings before interest tax depreciation and amortisation, or EBITDA, at NZD 172 million in first half fiscal 2015 was similar to the previous corresponding period. Higher earnings from the company's retail business was counterbalanced by reduced earnings from oil and gas due to lower oil production. The generation division enjoyed higher prices because of drier conditions but this was offset by lower hydro generation in the North Island.

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