UPDATE2: Genesis earnings slip on reduced generation, raises forecast

Wed, 27 Feb 2019

(Updates with comment on current tight gas supply from fifth paragraph, retail margin improvement to end.) 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,...

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