Genco, which has just exited Chapter 11, is heading for a deficit of $65.6m for the three months to the end of June, it said in an SEC filing.

This would mark a fall from the $48.9m red ink that was at the bottom of its balance sheet a year ago.

While its restructuring has delayed the publication of a full quarterly report, Genco’s guided figures suggest revenue improved from $44.9m