Genesis Energy Ltd - Company Profile
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Genesis Energy Ltd (Genesis) is an energy company thatgenerates electricity and supplies it on a retail and wholesale basis. The company produces power using coal, gas, and renewable sources such as hydro, wind, and solar. Genesis also supplies natural gas, LPG and related services to end-users. It also purchases and sells electricity derivatives. Genesis also owns the Kupe oil and gas field in the offshore Taranaki basin. Through its interest in the Kupe Joint Venture, it explores for, develops, and produces gas and petroleum products. Genesis is headquartered in Auckland, New Zealand.
Headquarters
New Zealand
Address
Level 6, 155 Fanshawe Street, Wynyard Quarter, Auckland, 1010
Website
www.genesisenergy.co.nz
Telephone
64 9 5802094
No of Employees
1,268
Industry
Power
Ticker Symbol & Exchange
GNE (NZE)
Revenue (2023)
$1.5B
-16.5%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
-11.8%
(2023 vs 2022)
Market Cap*
$1.5B
Net Profit Margin (2023)
XYZ
5.5%
(2023 vs 2022)
* As of and is in US$
Genesis Energy Ltd premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Electricity | Trading of Electricity |
| Natural Gas | Distribution of Natural Gas and Liquified Petroleum Gas |
| Liquified Petroleum Gas |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2024 | Others | In January, the company and FRV Australia reached a financial close on the 47 MW Lauriston Solar Farm developed near Canterbury on New Zealand’s South Island. |
| 2023 | Asset Purchase | In August, the company and FRV Australia acquired three new North Island sites for solar farms with 400 MW of renewable electricity capacity. |
| 2023 | Contracts/Agreements | In March, the company executed an extension of its Gas Supply Agreement with New Zealand Oil Gas Limited for the supply of gas from the Kupe field. |
Competitor Comparison
| Key Parameters | Genesis Energy Ltd | Meridian Energy Ltd | Contact Energy Ltd | Vector Ltd | Manawa Energy Ltd |
|---|---|---|---|---|---|
| Headquarters | New Zealand | New Zealand | New Zealand | New Zealand | New Zealand |
| City | Auckland | Wellington | Wellington | Auckland | Tauranga |
| State/Province | Auckland | - | - | - | Northland |
| No. of Employees | 1,268 | 878 | 1,179 | 537 | 144 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Barbara Chapman | Chairman | Executive Board | 2018 | - |
| Malcolm Johns | Chief Executive Officer | Senior Management | 2023 | - |
| James Spence | Chief Financial Officer | Senior Management | 2022 | - |
| Claire Walker | Chief People Officer | Senior Management | 2023 | - |
| Edward Hyde | Chief Transformation and Technology Officer | Senior Management | 2023 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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