Genesis Energy has reported higher-than-expected EBITDAF performance for Q1 FY23, primarily due to favourable trading conditions.
Carbon emissions also declined by 50%, and FY23 EBITDAF guidance has been updated from around $455 million to around $500 million.
Negotiations for Market Security Options remain ongoing.
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The deal is subject to regulatory approvals and commercial conditions.
Every sector of the Australian share market has lost ground.
The S&P/NZX 50 Index closed at the day’s low of 12,349.47, down 46.79 points or 0.38%.
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