Genesis Energy's new strategy: making Huntly great again

Genesis Energy's new strategy: making Huntly great again
Old, but not out of puff quite yet - Huntly power station. (Image: BusinessDesk)
Pattrick Smellie
The way Genesis Energy tells it, the company suffers from two perennial problems that cause its share price to underperform its peers.One is that it doesn’t have a clear growth story.The other, more deeply entrenched problem, is what its new chief executive Malcolm Johns calls an “ESG discount”, where the market punishes the only electricity producer in the country that still uses coal to make power for doing so.So yesterday's day-long strategy presentation to the investment community at its Huntly power station site was a...

More Markets

Market underwhelmed by Genesis outlook
Markets

Market underwhelmed by Genesis outlook

The company says it’s still on track for $500m+ ebitda in FY28.

NZME announces 12% boost in operating earnings
Markets

NZME announces 12% boost in operating earnings

The media company posted operating revenue of $165.7m for the six months to June 30.

Restaurant Brands margins undercooked in HY result
Retail

Restaurant Brands margins undercooked in HY result

Same-store sales in New Zealand fell 3.1% compared with last year.

Fonterra, Bega resolve brand dispute
Primary Sector

Fonterra, Bega resolve brand dispute

The original Mainland sale price was around $3.8b, and is now $4.22b.