New Zealand's Genesis Energy climbs after earnings forecast hike

Genesis Energy

14/10/2025 03:42

** Shares of Genesis Energy GNE.NZ rise as much as 2.4% to NZ$2.52, their highest level since March 19, 2024

** Diversified energy co raises FY26 normalised EBITDAF forecast range to NZ$455 million-NZ$485 million ($260.35 million-$277.52 million) from NZ$430 million-NZ$460 million

** Updated forecast is underpinned by strong Q1 FY26 operational performance, among others - co

** About 1.7 million shares change hands, 3.3x the 30-day average volume

** Stock last up 1.4%, bringing YTD gains to 10.9%

($1 = 1.7476 New Zealand dollars)

 (Reporting by Sherin Sunny in Bengaluru)

 ((Sherin.Sunny@thomsonreuters.com))