New Zealand's Genesis Energy FY26 EBITDAF rises 11%

Genesis Energy

26/08/2026 21:40

Overview
New Zealand electricity generator's FY26 normalised EBITDAF rose 11% to NZ$522 mln
Operating free cash flow for FY26 grew 24% to NZ$322 mln
NPAT dropped to NZ$85 mln from NZ$169 mln due to revaluations

Outlook
Genesis expects FY27 normalised EBITDAF of NZ$480 mln to NZ$520 mln
Company sees credible pathway to EBITDAF in upper NZ$500 mln range by FY28

Result Drivers
MARGIN QUALITY - Co said improved margin quality and a NZ$21/MWh uplift in electricity netback supported earnings
RENEWABLE GENERATION - Growth in renewable generation and active fuel management reduced reliance on thermal generation, lowering average cost of generation

Company press release: ID:nNZS94ya

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Net Income
 
NZ$85 mln
 
FY Free Cash Flow
 
NZ$322 mln
 

Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 2 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the electric utilities peer group is "buy."
Wall Street's median 12-month price target for Genesis Energy Ltd is NZ$2.57, about 3.7% below its August 26 closing price of NZ$2.67
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 21 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)