Genesis Energy First Half 2023 Earnings: EPS: NZ$0.14 (vs NZ$0.081 in 1H 2022)
Genesis Energy (NZSE:GNE) First Half 2023 Results
Key Financial Results
Revenue: NZ$1.16b (down 16% from 1H 2022).
Net income: NZ$145.3m (up 72% from 1H 2022).
Profit margin: 13% (up from 6.1% in 1H 2022). The increase in margin was driven by lower expenses.
EPS: NZ$0.14 (up from NZ$0.081 in 1H 2022).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genesis Energy Earnings Insights
Looking ahead, revenue is expected to fall by 4.9% p.a. on average during the next 3 years compared to a 1.4% decline forecast for the Electric Utilities industry in New Zealand.
Performance of the New Zealander Electric Utilities industry.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Genesis Energy (1 is potentially serious!) that you need to take into consideration.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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