Genesis Energy Limited Ordinary Shares
GNE.NZXUtilities
Genesis Energy is a New Zealand-owned energy company that fosters strong links with its customers and community stakeholders. Formed in April 1999, Genesis Energy is a state-owned enterprise with a diverse electricity generation portfolio. Genesis Energy supplies 19 per cent of New Zealand's electricity from its thermal and renewable power stations. It is also a significant energy retailer supplying electricity, natural gas and LPG to more than 658,100 customers across the country. Our aim is to operate as a commercially-focused sustainable company providing responsible energy solutions to our customers. This underpins the way we operate and do business, how we interact with our customers and stakeholders, and can be seen in our efforts to reduce our impact on the environment. On the 17th April 2014, Genesis Energy Limited Listed on the NZSX with ordinary shares "GNE". GNE has been granted Listing with a 'Non-Standard' ("NS") designation. This designation was granted because of provisions in GNE's constitution regulating the ownership and transfer of its Ordinary Shares due to the Crown's shareholding. For further information, please see a copy of the waiver under Documents on GNE's homepage on nzx.com.
Market Data
$2.510
+0.0%$3.3B
14.5x
$0.174
7.98%
+0.1%
Latest Earnings
FY26 Q3 Performance Report and Updated Guidance
23 April 2026
Genesis Energy delivered a strong Q3 FY26 performance (quarter ended 31 March 2026), driven by favourable hydrology that boosted hydro generation 55% vs pcp while significantly reducing thermal generation and associated fuel/carbon costs. The company upgraded its FY26 normalised EBITDAF guidance to $515M–$545M (NZD), up from $490M–$520M, reflecting strong cost discipline and improved wholesale market conditions. Customer numbers declined 6.6% to 491,532 as Genesis deliberately prioritises margin quality over volume, with electricity netback improving 11.2% to $173/MWh. Key points: Normalised EBITDAF guidance upgraded by ~$25M at midpoint to $515M–$545M, driven by strong cost discipline, improved hydrology and favourable wholesale market conditions.; Hydro generation of 745 GWh, up 264 GWh (+55%) on pcp, supported by above-average lake storage levels; national lake levels at 117% of average as at 21 April 2026, providing strong Q4 momentum.; Electricity netback improved 11.2% to $173/MWh and gas netback up 14.5% to $30.5/GJ, reflecting value-over-volume strategy and portfolio optimisation.
Recent Announcements
FY26 Results Announcement Date
Genesis Energy (NZX: GNE / ASX: GNE) announced that its FY26 financial results will be released on Thursday, 27 August 2026 prior to market opening, with a webcast hosted by CEO Malcolm Johns and CFO Emma Oettli at 10:30 am NZDT.
FY26 Q3 Performance Report and Updated Guidance
Genesis Energy delivered a strong Q3 FY26 performance (quarter ended 31 March 2026), driven by favourable hydrology that boosted hydro generation 55% vs pcp while significantly reducing thermal generation and associated fuel/carbon costs. The company upgraded its FY26 normalised EBITDAF guidance to $515M–$545M (NZD), up from $490M–$520M, reflecting strong cost discipline and improved wholesale market conditions. Customer numbers declined 6.6% to 491,532 as Genesis deliberately prioritises margin quality over volume, with electricity netback improving 11.2% to $173/MWh. Key points: Normalised EBITDAF guidance upgraded by ~$25M at midpoint to $515M–$545M, driven by strong cost discipline, improved hydrology and favourable wholesale market conditions.; Hydro generation of 745 GWh, up 264 GWh (+55%) on pcp, supported by above-average lake storage levels; national lake levels at 117% of average as at 21 April 2026, providing strong Q4 momentum.; Electricity netback improved 11.2% to $173/MWh and gas netback up 14.5% to $30.5/GJ, reflecting value-over-volume strategy and portfolio optimisation.
D&O Initial Disclosure Notice - Emma Oettli
Emma Oettli, Chief Financial Officer of Genesis Energy Limited (appointed 15 April 2026), disclosed initial relevant interests comprising 19,940 ordinary shares, 41,695 performance share rights (FY2025), and 39,520 performance share rights (FY2026). No derivatives were disclosed.
Genesis reaches FID on Second Stage Huntly BESS
Genesis Energy has reached Final Investment Decision (FID) on a second-stage Battery Energy Storage System (BESS) project at Huntly Power Station, adding 100MW/200MWh capacity at an estimated cost of NZ$106 million with expected commercial operation by Q3 FY28. The project will be funded from Genesis' balance sheet and is part of the company's broader Gen35 growth strategy.
D&O Ongoing Disclosure Notice - Amendment
Barbara Chapman, Director and Chairman of Genesis Energy Limited, disclosed that she and her spouse acquired 8,960 ordinary shares through dividend reinvestment and participation in a rights offer announced on 23 February 2026, increasing their joint holding from 13,805 to 22,765 shares at prices ranging from $2.05 to $2.22 per share.
Appointment of Chief Financial Officer
Genesis Energy has appointed Emma Oettli as Chief Financial Officer, effective 15 April 2026. Oettli, who joined Genesis in October 2020 and currently serves as General Manager of Portfolio Management, brings prior senior finance experience from Genesis and the banking sector.
D&O Ongoing Disclosure Notices - DRP and Rights Offer
Four Genesis Energy Limited (GNE) directors and senior managers (Barbara Chapman, Catherine Margaret Drayton, Timothy Miles, and Tracey Elaine Hickman) acquired ordinary shares on 25 March 2026 through dividend reinvestment plan and rights offer participation at $2.05 per share, with holdings ranging from 2,082 to 18,796 new shares each.
Resignation of Chief Financial Officer
Genesis Energy (NZX/ASX: GNE) announced the resignation of CFO Julie Amey, effective 10 April 2026, after her tenure leading the enterprise software implementation and finance transformation programme. The company has initiated a search for a new CFO focused on supporting its growth programme acceleration. This is a leadership/governance announcement with no financial results or earnings data disclosed. Key points: Outgoing CFO Julie Amey successfully led implementation of a new enterprise software system; Led the Powered Finance transformation programme during her tenure; Genesis has immediately initiated a CFO search process with a focus on growth programme acceleration
Capital Change Notice - Rights Offer and DRP
Genesis Energy Limited issued 152,804,560 ordinary shares on 25 March 2026, comprising 146,318,399 shares under a rights offer at NZ$2.05 per share and 6,486,161 shares under its dividend reinvestment plan, representing 13.218% of the total class of financial products.
Updated Appendix 2A - Rights Offer
Genesis Energy Limited (GNE) applied for quotation of securities on ASX on 24 March 2026 as part of a previously announced rights offer transaction notified on 23 February 2026.
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