Genesis Energy lifts retail margins in shift to drive more valuable customer relations

Tue, 28 Feb 2017

By Paul McBeth Feb. 28 (BusinessDesk) - Genesis Energy fattened margins from its retail business as part of a broader strategy to create deeper, more valuable customer relationships. The country's biggest electricity retailer lost electricity and gas customers in the final six months of 2016, but managed to lift earnings from the unit through a combination of hiking prices, reining in its appetite to compete too aggressively for customers, and cutting internal costs. Genesis boosted earnings before interest, tax, depreciation and amo...

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