Genesis Energy FY26 Q4 Performance Report
Key points
- Electricity netback increased by 11.6% on pcp, reaching $189/MWh
- Total customers decreased by 5.8% on pcp to 490,227
- Hydro generation slightly decreased by 1 GWh on pcp, storage levels increased
- Warmer temperatures resulted in financial outcomes at the lower end of expectations
- Progress on strategic initiatives including Huntly BESS and solar development pipeline
Full summary
Genesis Energy's fourth quarter of FY26 showed a rise in electricity netback by 11.6% to $189/MWh, in line with expectations. The total number of customers decreased by 5.8% to 490,227, reflecting the transition to a single brand and simplified product offering. Hydro generation slightly decreased by 1 GWh to 703 GWh, while thermal generation dropped significantly by 567 GWh. Warmer temperatures impacted financial outcomes, placing them at the lower end of expectations. The company continues to progress on strategic initiatives, including the Huntly Battery Energy Storage System and solar development pipeline.
Guidance
FY26 EBITDAF expected at the lower end of guidance
Outlook
Genesis Energy remains focused on executing its FY32 Growth Plan, with advancements in battery storage, solar projects, and digital transformation.
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