FY23 Q2 Performance Report

GENERAL

Mon, Jan 23 2023 08:30 am

Genesis Energy utilised favourable market conditions in FY23 Q2 to reduce emissions and portfolio fuel costs. Customer numbers continued to grow, increasing by 2.5% relative to FY22 Q2. Netbacks grew across electricity, gas and LPG. Kupe production was lower, following a scheduled maintenance outage during the quarter.

Tracey Hickman, Interim Chief Executive said, “The past quarter demonstrated Genesis’ ability respond to market conditions through flexible generation at Huntly. Emissions were 52% lower than the same period last year. We continued to grow customer numbers while maintaining high levels of loyalty and satisfaction.”

Genesis’ FY23 Q2 Performance Report is attached.

ENDS

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