Genesis Energy's annual net profit is down a third, and its earnings down a fifth
Genesis Energy's annual net profit is down a third, and its earnings down a fifth
22 August 2024
It's blaming a challenging operating environment.
Hydro lake levels have gone from near record highs, to very low.
The electricity generator and retailer has also been dealing with a gas shortage, and an unplanned seven-month outage of its gas-powered Huntly turbine.
The electricity and gas markets also remain volatile, making to hard to predict future earnings.
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