Genesis Energy upgrades FY26 earnings guidance on strong Q3 hydro output
Make us a preferred source
Make us a preferred source on Google
The news: Genesis Energy has upgraded its guidance for FY26 earnings before interest and tax to be between $515 million and $545 million, up from a previous range of $490 million to $520 million.
The numbers: The company reported hydro generation of 745 gigawatt-hour (GWh), a 264 GWh increase over the prior corresponding period.
Total customers decreased by 6.6% to 491,532, and total electricity sales fell by 94 GWh from a year ago.
The company’s coal stockpile remained high at over 1 million tonnes.
The context: Genesis stated that the upgrade in guidance was primarily driven by the company’s strong disciple cost, improved hydrology and favourable wholesale market conditions. These factors supported reduced thermal generation and resulted in lower fuel and carbon costs.
However, the company noted that guidance remains subject to ongoing hydrological conditions, gas availability and pricing, and no material changes to broader market conditions.
The source: ASX
