Genesis Energy L P Stock Price, News & Analysis

Genesis Energy (NYSE: GEL), a diversified midstream energy master limited partnership, announced its participation in the 22nd Annual Energy Infrastructure CEO & Investor Conference on May 21-22, 2025, in Aventura, Florida. The company will host investor meetings during the event.

Genesis Energy operates in multiple sectors including offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. Their operations are primarily concentrated in the Gulf Coast region of the United States, Wyoming, and the Gulf of Mexico.

Genesis Energy (NYSE: GEL) reported a challenging Q1 2025 with a Net Loss of $469.1 million, compared to Net Income of $11.4 million in Q1 2024. The company completed the sale of its soda ash business to WE Soda Ltd for $1.425 billion, using proceeds to pay down debt and repurchase $250 million of preferred units. Key financial metrics include: Operating Cash Flow of $24.8 million (down from $125.9 million), Total Segment Margin of $121.4 million, and Adjusted EBITDA of $131.7 million. The company expects 2025 Adjusted EBITDA of $545-575 million. Two major Gulf of America projects, Shenandoah and Salamanca, are nearing completion with production expected to begin in June and Q3 2025 respectively. The company has reduced annual cash costs by over $120 million and maintains a bank leverage ratio of 5.49X.

Genesis Energy (NYSE: GEL) has declared its quarterly cash distribution for Q1 2025. Common unit holders will receive $0.165 per unit ($0.66 annualized), while Class A Convertible Preferred unit holders will get $0.9473 per unit ($3.7892 annualized). The distribution will be paid on May 15, 2025 to holders of record as of April 30, 2025.

The company will announce its Q1 2025 earnings on May 8, 2025, before NYSE trading hours, followed by a conference call at 9:00 a.m. CDT. Genesis Energy is a Houston-based diversified midstream energy master partnership, operating in offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region.

Genesis Energy (NYSE: GEL) has announced significant progress in its balance sheet simplification following the receipt of approximately $1.010 billion in cash from the sale of its Alkali Business. The company has:

• Paid off its senior secured revolving credit facility, saving ~$25 million in annual cash interest
• Called remaining 8.0% senior unsecured notes due 2027, saving ~$33 million in annual interest
• Purchased $250 million of Class A convertible preferred units, eliminating ~$28 million in annual preferred distributions

Combined with $37 million savings from ORRI bonds transfer, these actions reduce annual cash costs by over $120 million ($1.00 per common unit). The company expects to generate excess free cash flow and aims to manage its leverage ratio towards a 4.0x target while considering capital returns to unitholders.

Genesis Energy (NYSE: GEL) has announced the availability of its 2024 tax packages, including Schedule K-1s, which can now be accessed online through their dedicated tax support website or company website. The partnership plans to complete the mailing of physical tax packages by March 11th, 2025.

Unitholders seeking assistance can contact Tax Package Support at 844-649-0506 on weekdays between 8:00 a.m. and 5:00 p.m. CT. Genesis Energy operates as a diversified midstream energy master partnership based in Houston, with operations spanning offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region and Gulf of America.

Genesis Energy (NYSE: GEL) has announced an extension of its common equity repurchase program for Class A common units through December 31, 2026, extending the original expiration date of December 31, 2024. The program, initially approved on August 8, 2023, has resulted in the purchase of 114,900 Class A common units to date.

The program does not mandate a specific number of units to be acquired, and any repurchased units will be canceled. Genesis Energy operates as a diversified midstream energy master partnership, with operations primarily in the Gulf Coast region and Gulf of America, focusing on offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities and transportation.

Genesis Energy (NYSE: GEL) has announced the complete redemption of its 8.0% senior notes due 2027. The outstanding principal amount of $406,245,000 will be redeemed on April 3, 2025 at a redemption price of 102% of the principal amount, plus accrued and unpaid interest.

The notes were co-issued with Genesis Energy Finance After the redemption date, interest will cease to accrue, and the notes will no longer be outstanding. Genesis Energy is a diversified midstream energy master partnership based in Houston, Texas, with operations in offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region.

Genesis Energy (NYSE: GEL) has announced the filing of its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. The report is available on the company's website, and investors can request a free hard copy via email.

Genesis Energy operates as a diversified midstream energy master partnership based in Houston, Texas. The company's operations span multiple sectors including offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities and transportation, primarily concentrated in the Gulf Coast region of the United States and the Gulf of America.

Genesis Energy (NYSE: GEL) has announced the sale of its soda ash manufacturing and related operations (Alkali Business) to a WE Soda affiliate for an enterprise value of $1.425 billion. The transaction resulted in approximately $1.010 billion in cash proceeds for Genesis, with ORRI bonds of about $390 million remaining as an obligation of the Alkali Business.

The company plans to use the proceeds to pay down its senior secured revolving credit facility, retire unsecured debt, and repurchase corporate convertible preferred equity securities. This strategic move aims to simplify Genesis's capital structure and refocus on its midstream energy operations.

The transaction may generate tax implications for GEL common unitholders as of February 28, 2025. To offset potential tax liabilities, the partnership intends to increase distributions of Available Cash before Reserves to common units over coming quarters.