Genesis Energy confirms strategy, earnings growth on track

Genesis Energy announced its 2025 Investor Day confirms its strategy and earnings growth are on track, driven by demand-led and strong renewables growth, along with energy security. The company has a 2.5-gigawatt pipeline of new asset development, including 500MW of solar build in progress, with further expansion expected in wind and BESS. Genesis projects its 500,000 customers will drive demand growth of approximately 2% per annum over the next decade.

The company's firming long portfolio ensures it can support current and future customer positions across all hydro and wind scenarios through FY35 and beyond, with Huntly Firming Options projected to be cash positive. Genesis maintains a disciplined capital plan focused on improving free cash flow and sustaining BBB+ credit metrics long term.

The board has confirmed its current dividend policy is suitable for the FY25-28 Gen35 execution phase, with annual reviews. Genesis reported revenue of NZ$3.7 bn for the 12 months ended 30 June 2025.