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The Glaring Flaw in Nvidia's Operating Results That Wall Street and Investors Keep Overlooking

Key PointsThe backbone of the artificial intelligence (AI) revolution demolished consensus sales and profit expectations for the 11th time over the last 12 quarters.

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Genesis earnings rise, but profit halves on valuation hit

Chief executive Malcolm Johns said the results reflected another year of disciplined strategy execution.

  • Genesis Energy's normalized operating earnings rose 11% to $522 million
  • Reported profit halved to $85 million due to valuation hit on financial instruments
  • Company invested $3 billion in solar, battery storage, and Huntly upgrades

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