Genesis Energy Ltd GNE

Stock XNZE Rating as of Oct 1, 2026

NZ$2.49 +0.01 (0.40%)

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As of Oct 2, 2026, 4:00:01 AM Delayed Price Closed

Company Report

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Genesis Earnings: Solid Growth but a Dip Expected in Fiscal 2027

Adrian Atkins Aug 28, 2026

Genesis Energy's fiscal 2026 normalized EBITDA increased 11% to NZD 522 million on retail price increases and improved hydro generation, with rainfall swinging from below-average in 2025 to above-average in 2026. The midpoint of fiscal 2027 EBITDA guidance is 4% below 2026.

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Price vs Fair Value

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GNE is trading at a LOCK|@GLw!&q premium.

Price

NZ$2.48

Oct 1, 2026

Fair Value

LOCK|@nc

Apr 23, 2026

Uncertainty

LOCK|!B

1-Star Price: LOCK|Q^
5-Star Price: LOCK|KL
Economic Moat: LOCK|v?JC
Capital Allocation: LOCK|>$w@%Kd

Bulls Say, Bears Say

Bulls

Persistently high wholesale electricity prices are flowing through to customer tariffs, supporting earnings growth.

Bears

The Kupe stake introduces oil price volatility. Earnings should benefit from recent strength in the oil price (with a lag because of hedging) but over the long term, earnings are at risk from depletion of the field.

Trading Information

Previous Close Price: NZ$2.48
Day Range: NZ$2.47–2.53
52-Week Range: NZ$2.13–2.80
Bid/Ask: NZ$2.48 / NZ$2.49
Shares Outstanding: 1.31B
Market Cap: NZ$3.26B
Volume/Avg: 291,430 / 702,437

Key Statistics

Price/Earnings (Normalized): 18.56
Price/Sales: 1.02
Dividend Yield (Trailing): 5.96%
Dividend Yield (Forward): 6.11%
Dividend Payment Schedule: Mar, Oct
Total Yield: 5.96%

Company Profile

Genesis Energy is one of New Zealand's leading producers of electricity, accounting for more than 15% of the country's total generation. The firm enjoys a strong retail presence, with the highest retail market share, at over 25%. The company has a mix of renewable and thermal assets, with the latter accounting for about 55%-60% of the firm's overall production. The company has a 46% interest in the Kupe oil and gas field.

Sector: Utilities
Industry: Utilities - Independent Power Producers
Stock Style Box: Mid Value
Total Number of Employees: 1,204
Website: https://www.genesisenergy.co.nz

Competitors

Valuation

Metric	GNE	MEL	MCY
Price/Earnings (Normalized)	18.56	48.41	25.28
Price/Book Value	1.09	1.44	1.87
Price/Sales	1.02	3.69	3.04
Price/Cash Flow	6.41	17.56	12.87

Price/Earnings

GNE

MEL

MCY

Financial Strength

Metric	GNE	MEL	MCY
Quick Ratio	0.46	0.93	0.58
Current Ratio	0.86	1.15	0.96
Interest Coverage	1.78	1.65	4.33

Quick Ratio

GNE

MEL

MCY

Profitability

Metric	GNE	MEL	MCY
Return on Assets (Normalized)	1.39%	1.96%	3.30%
Return on Equity (Normalized)	2.81%	3.33%	6.68%
Return on Invested Capital (Normalized)	1.86%	2.76%	4.30%

Return on Assets

GNE

MEL

MCY

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