Market underwhelmed by Genesis outlook

Genesis is going “above and beyond” to ensure gas supply for industrial consumers, says CEO Malcolm Johns. (Image: Supplied)

Pattrick Smellie

Tue, 26 Aug 2025

Genesis Energy shares fell sharply at the opening of trading on the NZX after the company announced forward guidance for earnings well short of market expectations.In a client note giving first impressions, Jarden described the forward outlook for operating earnings as a “big disappointment”.Genesis published guidance for earnings before interest, tax, depreciation and amortisation (ebitda) of between $430 million and $460m for the year to June 2026, with the top end below the $470.4m ebitda reported for the latest financial year.At...

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