UPDATE: Genesis 1H earnings slip on reduced generation; FY forecast raised

Tue, 26 Feb 2019

(Updates with FY forecast from start, divisional earnings, impact of market-making) By Gavin Evans Feb. 27 (BusinessDesk) - Genesis Energy has raised its full-year earnings forecast citing ongoing gas outages, dry conditions and uncertainty about the availability of Contact Energy’s Taranaki Combined Cycle plant. The company today lifted its full-year operating earnings forecast to $360-375 million, from the $350-370 million it was picking late last year. It reported $361 million of earnings before interest, tax, depreciation, amortisa...

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