FY26 Q3 Performance Report and Updated Guidance
| Stock | Genesis Energy Ltd (GNE.ASX) |
|---|---|
| Release Time | 23 Apr 2026, 7:30 a.m. |
| Price Sensitive | Yes |
FY26 Q3 Performance Report and Updated Guidance
- Strong hydro generation of 745 GWh, up 264 GWh on pcp
- Thermal generation down 716 GWh on pcp as Unit 5 remained largely offline
- Total customers down 6.6% on pcp, reflecting portfolio optimisation
Genesis Energy delivered a strong operating performance during the third quarter ended 31 March 2026 and continues to execute well against its Gen35 strategy. Strong operational performance was supported by above-average storage levels throughout the quarter. Q3 FY26 highlights include hydro generation of 745 GWh (up 264 GWh on pcp), thermal generation of 236 GWh (down 716 GWh on pcp) as Unit 5 remained largely offline, and total customers of 491,532 (down 6.6% on pcp) reflecting ongoing portfolio optimisation. The company made progress on its Gen35 strategy, including advancement of the Huntly battery energy storage system, continued solar development, and progress on digital transformation programmes. Genesis has updated its FY26 normalised EBITDAF guidance to $515 million-$545 million, from $490 million-$520 million, driven by strong cost discipline, improved hydrology, and more favourable wholesale market conditions.
Genesis Energy has updated its FY26 normalised EBITDAF guidance to $515 million-$545 million, from $490 million-$520 million, driven by strong cost discipline, improved hydrology, and more favourable wholesale market conditions.