Genesis Energy reported a 14% rise in annual operating earnings, supported by improved retail margins and stronger hydro generation conditions, while net profit fell to NZ$85m. The company approved a NZ$125m investment in the Leeston solar farm in Canterbury. It forecast normalised EBITDAF of NZ$480m to NZ$520m in 2027. Over the next five years, Genesis plans to invest about NZ$3 billion in products and services as well as existing and new generation assets.

Valero, HF Sinclair and PBF Energy reported sharp profit gains in the second quarter of 2025, led by Valero’s $3.7 billion net income, HF Sinclair’s $892 million, and PBF’s swing to more than $1 billion in profit from a loss. PBF processed nearly 890,000 barrels of crude per day in the quarter and expects runs to rise to as much as 960,000 barrels per day next quarter. The results reflect a global fuel supply squeeze that has pushed refining margins sharply higher and tightened product markets.