A whopping leap in profit for Genesis Energy.

It's reporting first half year profit of $68.2 million compared to $19.7 million.

Chief Executive Albert Brantley says the improvement in earnings comes from higher revenue from the Customer Experience and Energy Management business segments.

He says it's partially offset by higher electricity and gas purchase costs and significant decreases in the international oil price.

He's promising there'll be no increase in electricity prices this year but says networks or transmission charges would be passed through.

A dividend of eight cents per share will be paid.