Genesis lifts annual earnings 11% on strong retail margins and favourable hydro conditions
Genesis Energy has increased underlying annual earnings to $522 million, boosted by stronger retail margins and improved hydroelectric conditions.
Genesis Energy's normalised earnings (ebitdaf) rose 11% to $522 million for the year to June 30. The gentailer benefited from stronger retail margins, favourable hydro conditions, and active fuel management that reduced reliance on thermal generation.
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Genesis posts record gross margin as hydro improves
Genesis has lifted underlying annual earnings by 11% as s tronger retail margins, favourable hydro conditions and active fuel management reduced its reliance on thermal generation. The gentailer reported normalised earnings (ebitdaf) of $522 million for the year to June…