Genesis Energy (NZSE:GNE) Full Year 2024 Results
Key Financial Results
- Revenue: NZ$3.05b (up 28% from FY 2023).
- Net income: NZ$131.1m (down 33% from FY 2023).
- Profit margin: 4.3% (down from 8.2% in FY 2023). The decrease in margin was driven by higher expenses.
- EPS: NZ$0.12 (down from NZ$0.18 in FY 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Genesis Energy Revenues and Earnings Beat Expectations
Revenue exceeded analyst estimates by 9.9%. Earnings per share (EPS) also surpassed analyst estimates by 101%.
Looking ahead, revenue is forecast to decline by 4.2% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Oceania are expected to remain flat.
Performance of the market in New Zealand.
The company's share price is broadly unchanged from a week ago.
Risk Analysis
Don't forget that there may still be risks. For instance, we've identified 3 warning signs for Genesis Energy (1 shouldn't be ignored) you should be aware of.
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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.
About NZSE:GNE
Genesis Energy
Generates, trades in, and sells electricity to residential and business customers in New Zealand.
Average dividend payer and fair value.
