GNE Analysis: Genesis Energy FY26 Q1 Trading Update |

Published 24 Oct 2025 • 3 min • gne

Event: Genesis Energy FY26 Q1 Trading Update | Date: 2025-10-23 | Source: Genesis Energy Investor Announcements

Hydro Surge Delivers Strong Q1 Momentum

Genesis Energy released its FY26 Q1 trading update on 23 October 2025, highlighting robust performance driven by exceptional hydro generation and effective portfolio management. Key metrics included electricity generation of 1,708 GWh (+10% vs pcp), with hydro output surging to 904 GWh (+32% vs pcp) due to above-average rainfall, while thermal generation fell 39% to 784 GWh amid gas constraints. Electricity sales volumes reached 1,874 GWh (+10% vs pcp), supported by a 15% increase in netback to $181/MWh, and customer connections grew 0.9% to 502,765. The company reaffirmed its FY26 EBITDAF guidance of $430-460 million, noting it remains on track with potential upside from hydro conditions, and highlighted progress on Gen35 initiatives including BESS construction and biomass agreements. Source: Genesis Energy FY26 Q1 Update.