Genesis Energy lifts FY26 guidance on strong Q1 performance

Genesis Energy has updated its normalised EBITDAF guidance range for FY26 from an initial $430 million to $460 million, to a new range of $455 million to $485 million. This upward revision is attributed to robust operational performance in Q1 FY26, primarily benefiting from advantageous hydrological and wind conditions expected to continue into Q2.

The revised guidance also incorporates an upside contribution from Unit 5's three-month shut-down. However, the company notes that this guidance remains contingent on various factors including final hydrological conditions, gas availability and pricing, plant reliability, and overall stable market conditions.

All other previously advised guidance from Genesis Energy remains unchanged. The company cautions that this announcement contains forward-looking statements, and actual results could differ materially. Investors are encouraged to review the underlying risks and assumptions, as past performance is not indicative of future results.