Genesis Energy Ltd

GNE: XNZE (NZL)
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Genesis Energy: Another Upgrade on Stronger Hydro Generation and Cost Discipline

Genesis Energy upgraded fiscal 2026 EBITDA guidance by 5% at the midpoint to NZD 515 million to NZD 545 million mainly on above-average rainfall that boosted hydro generation, allowing it to reduce costly coal generation. Retail price uplifts and good cost control also featured in the third quarter.

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