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Genesis Energy (GNE) investor relations material
Genesis Energy Q2 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Achieved a solid Q2 FY26 performance, leveraging portfolio flexibility and favorable hydrological conditions to deliver record-low thermal generation and strong financial results.
Hydro generation increased to 740 GWh (+21 GWh year-over-year), with lake levels rising to 122% of average, enhancing dispatch options.
Portfolio optimization enabled incremental gas monetization and improved margin quality, with electricity netbacks at $159/MWh, up 18% year-over-year.
Strategic progress included advancing renewable projects, executing a framework with Yinson Renewables, and finalizing investments in solar farms.
Financial highlights
Normalised EBITDAF guidance for FY26 raised to $490–$520 million, up from $455–$485 million, reflecting strong H1 performance and margin quality.
Total electricity sales reached 1,455 GWh (+22 GWh year-over-year), with retail netback at $159/MWh (+18%).
Thermal generation dropped to 85 GWh in Q2 (–201 GWh year-over-year), a record low.
Kupe gas sales were 1.5 PJ (+0.03 PJ), while oil production was 31 kbbl (–2.9%).
Total customers declined 4% year-over-year to 495,706, reflecting a focus on margin quality.
Outlook and guidance
FY26 Normalised EBITDAF guidance increased due to strong H1 performance and margin optimization, partially offset by higher operating costs.
H2 FY26 EBITDAF expected to align with prior assumptions; diversified portfolio and disciplined capital allocation support guidance.
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