GNE - Genesis Energy profile
This is a basic profile of an NZX50 listed company. It is not investment advice. We recommend you contact a qualified adviser if you need more information.
|Short name:||Genesis Energy|
|Legal name:||Genesis Energy Limited|
|NZX50 rank:||20 of 50|
|Head office address:||660 Great South Road, Greenlane, Auckland|
|Chief executive:||Marc England|
|Financial year ended:||June|
Financial statement history
A. Recent trading and performance summary:
B. Recent financial position summary:
C. Recent cash flows and positions:
|Cash and equiv.
at year end
Description of trading activities
“Genesis Energy is a diversified New Zealand energy company. It sells electricity, reticulated natural gas and LPG through its retail brands of Genesis Energy and Energy Online. It is New Zealand’s largest energy retailer with around 500,000 customers. The Company generates electricity from a diverse portfolio of thermal and renewable generation assets located in different parts of the country. Genesis Energy also has a 46% interest in the Kupe Joint Venture, which owns the Kupe Oil and Gas Field offshore of Taranaki, New Zealand.”
Marc England has been the chief executive since May 2016. Qualifications include engineering (M.Eng), finance, commercial and operational skills. He has a management record of 20 years in a variety of sectors, including retail, automotive and most recently, retail energy and oil.
Barbara Chapman joined the Genesis Board in May 2018 and assumed the role of Chairman in October 2018. She is also the Chairman of NZME and a director of Fletcher Building, and is the deputy-Chair of The New Zealand Initiative. Barbara is the Chairman of the APEC CEO Summit Committee and co-Chair of the APEC Business Leadership Group.