Genesis Energy, L.P. Declares Quarterly Distribution
Genesis Energy, L.P. Declares Quarterly Distribution
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class a convertible preferred unitfinancial
A class A convertible preferred unit is a special ownership stake that combines features of a fixed-return claim and a share of a company’s equity: it typically pays priority distributions (like interest) and can be exchanged later for common units or shares under set terms. Investors care because it offers downside protection and steady income like a bond while preserving upside potential if converted to common stock — think of it as a ticket that can be cashed for steady pay or swapped for a regular share if the price rises.
master limited partnershipfinancial
A master limited partnership is a type of business structure that combines features of a corporation and a partnership, allowing it to raise money from investors while passing profits directly to them. Think of it as a shared ownership group that offers regular income, making it attractive to investors seeking steady cash flow. This structure is often used by companies involved in natural resources or energy, where consistent revenue is common.
A specific Internal Revenue Service rule that clarifies how partnerships must handle U.S. tax withholding on income allocated to foreign partners, including documentation and calculation steps for reducing or avoiding withholding. For investors, it matters because it affects cash flow and tax compliance for partnerships with foreign owners—think of it like a checklist a landlord uses to decide how much rent to hold back for taxes when a tenant is from another country.
effectively connected with a united states trade or businessregulatory
A tax status describing when income earned by a foreign person or entity is treated as tied to active business operations inside the United States. If income is 'effectively connected' to a U.S. trade or business, it is usually taxed like domestic business income rather than as passive foreign-sourced income; think of it as income earned by someone who has a real storefront or employees inside the U.S. rather than just selling from afar. Investors care because this classification changes tax rates, reporting requirements, and after-tax returns on U.S.-linked activities.
withholding agentsregulatory
A withholding agent is an entity (often an employer, broker, or payer) that is legally required to hold back and remit taxes or other required amounts from payments made to a recipient, such as wages, dividends, interest, or contractor fees. For investors, this matters because withheld amounts affect the cash they receive, determine tax reporting and potential refunds, and influence net returns in cross-border or taxable transactions — like a cashier keeping part of a payment to cover a bill.
HOUSTON--(BUSINESS WIRE)--
Genesis Energy, L.P. (NYSE: GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended March 31, 2026. Each holder of common units will be paid a quarterly cash distribution of $0.18, or $0.72 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid a quarterly cash distribution of $0.9473, or $3.7892 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Friday, May 15, 2026 to holders of record at the close of business on Thursday, April 30, 2026.
Genesis will announce its earnings for the first quarter of 2026 on Thursday, May 7, 2026, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9:00 a.m. CDT with analysts and investors to discuss its earnings. The call will be webcast live on the Internet and may be accessed through the “Investors” section of the partnership’s website at www.genesisenergy.com. A re-play of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, marine transportation, sulfur services and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States and the Gulf of America.
This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Genesis Energy’s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Genesis Energy’s distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
