Welcome to our dedicated page for Genesis Energy L P news (Ticker: GEL), a resource for investors and traders seeking the latest updates and insights on Genesis Energy L P stock.
Genesis Energy, L.P. (NYSE: GEL) is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations focused on offshore pipeline transportation, marine transportation, sulfur services and onshore facilities and transportation. The GEL news feed highlights the partnership’s public announcements, earnings results and other communications that describe how these businesses perform over time.
On this page, readers can review press releases covering quarterly financial results, segment performance and the use of non-GAAP measures such as Adjusted EBITDA, Available Cash before Reserves and total Segment Margin. Genesis’ news also includes information on cash distributions to common and Class A Convertible Preferred unitholders, along with qualified tax notices for foreign investors and updates on Schedule K-3 availability for unitholders with international tax considerations.
In addition, Genesis regularly announces participation in energy, power, leveraged finance and natural resources conferences, where it hosts investor meetings and makes presentation materials available through its investor communications. These items provide context on how the partnership presents its midstream strategy, capital allocation framework and segment organization, including offshore pipeline transportation in the Gulf of America, marine transportation across North America and onshore transportation and services in the Gulf Coast region.
Investors and researchers can use the GEL news page as a centralized source for the partnership’s official Business Wire releases and related updates. By reviewing these items together, users can better understand how Genesis describes its operations, financial measures, distributions and tax-related information over multiple reporting periods.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, Nevada. The event will take place in person on August 16th and 17th, 2022. Interested investors can access the latest presentation materials by visiting the company's website at www.genesisenergy.com under the 'Presentations' section of the Investors tab. Genesis operates primarily in the Gulf Coast, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) reported a net income of $35.3 million for Q2 2022, compared to a loss of $41.7 million in Q2 2021. Cash flows from operations were $104.0 million. The company declared cash distributions of $0.7374 per preferred unit, totaling $18.7 million. Total segment margin reached $219.3 million, with adjusted EBITDA at $210.1 million. The company raised its full-year adjusted EBITDA guidance to $670-$680 million, highlighting operational improvements and growth in offshore pipeline transportation and soda ash segments.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution for its common and Class A Convertible Preferred Units on July 12, 2022. For the quarter ending June 30, 2022, holders of common units will receive $0.15 per unit ($0.60 annually), while preferred unit holders will receive $0.7374 per unit ($2.9496 annually). These distributions will be paid on August 12, 2022, to investors on record as of July 29, 2022. Genesis operates in the midstream energy sector, primarily in the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) will announce its Second Quarter earnings for the period ending June 30, 2022 on July 28, 2022, prior to market opening. An earnings conference call is scheduled for the same day at 9:00 a.m. Central time. Interested parties can access the call through the Investor Relations section of Genesis Energy's website. The company operates across several sectors including offshore pipeline transportation and marine transportation, mainly in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) will participate in the BofA Securities Energy Credit Conference on June 8-9, 2022, in New York, New York. This in-person event will feature presentations from the midstream energy company, which is headquartered in Houston, Texas.
Genesis Energy specializes in various midstream services, including offshore pipeline transportation and marine transportation, primarily in the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced the redemption of 100% of its Alkali asset-level preferred units, originally issued in 2019. This move strengthens credit support for secured lenders and unsecured bondholders. The transaction involved the sale of a 10% limited term overriding royalty interest (ORRI), generating $425 million from the issuance of senior secured notes due 2042. The funds will be utilized to complete the Granger expansion and pay down existing debt. CEO Grant Sims highlighted the simplification of corporate structure and reduced refinancing risk.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in the 2022 EIC Investor Conference on May 16-17, 2022, in West Palm Beach, Florida. The conference will be held in person, providing a platform for investors to engage with the company.
Attendees can download the latest presentation materials on the Genesis Energy website under the 'Presentations' section of the Investors tab. The company, headquartered in Houston, Texas, operates in offshore pipeline transportation and other energy-related services primarily in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) reported a net loss of $5.3 million for Q1 2022, significantly improved from a $34.2 million loss in Q1 2021. Operating cash flows totaled $54.2 million, down from $77.2 million the previous year. Total Segment Margin reached $157.5 million, with an Adjusted EBITDA of $143.1 million. The company announced new agreements for downstream transportation, expected to handle 160,000 barrels per day by late 2024 or 2025. Additionally, soda ash demand remains strong, with prices increasing in export markets, providing a positive outlook for the company.
Genesis Energy, L.P. (NYSE: GEL) will report its earnings for Q1 2022 on May 4, 2022, before market opens. A conference call is scheduled for the same day at 9:00 a.m. CT, accessible via their Investor Relations webpage. Genesis Energy is a diversified midstream energy master limited partnership based in Houston, Texas, focusing on offshore pipeline transportation, sodium minerals and sulfur services, and marine transportation, primarily in the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution for the quarter ending March 31, 2022. The Board of Directors declared a quarterly cash distribution of $0.15 per common unit, amounting to an annualized $0.60. For the 8.75% Class A Convertible Preferred Units, a distribution of $0.7374 per unit will be paid, leading to an annualized $2.9496. Payments are scheduled for May 13, 2022, for holders of record by April 29, 2022.
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