Favourable weather puts spring in Genesis outlook

Fri, 14 Oct 2022

Genesis Energy lifted its full year earnings guidance by $45 million following “favourable” trading conditions in the first quarter of its current financial year.The listed energy company said larger hydro inflows and thermal generation flexibility meant its earnings before interest, tax, depreciation, amortisation and fair value adjustments (Ebitdaf) performance in the September quarter was higher than expected.Lower thermal generation meant carbon emissions declined by 50% in the quarter compared to the same period a year earlier....

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