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 LP (NYSE: GEL) is a Houston-based midstream energy leader providing critical pipeline transportation and industrial services across North America's oil and gas sector. This dedicated news hub offers investors and industry professionals centralized access to the company's material developments and market disclosures.
Our curated collection features official press releases, regulatory filings, and operational updates spanning GEL's core activities. Key focus areas include quarterly earnings reports, offshore pipeline expansions in the Gulf of Mexico, sodium minerals production updates, and marine transportation infrastructure developments. The resource also tracks strategic partnerships and regulatory compliance milestones impacting the company's operations.
This page serves as an essential tool for monitoring GEL's position within the evolving energy landscape. Users gain efficient access to verified information on capacity expansions, service offerings, and management initiatives directly affecting the partnership's performance. Content is systematically organized to support both fundamental analysis and timely decision-making.
Bookmark this page for ongoing insights into Genesis Energy's operational and financial trajectory. Regularly updated with authoritative sources, it remains your primary destination for tracking GEL's role in North America's midstream energy infrastructure.
Genesis Energy, L.P. (NYSE: GEL) has closed the sale of a 36% minority equity interest in its Cameron Highway Oil Pipeline System (CHOPS) for an 8/8ths valuation of $1.16 billion, generating approximately $418 million in gross proceeds. The company will use proceeds to fully repay a $300 million term loan and reduce outstanding amounts under its credit facility, resulting in a pro forma bank leverage ratio of 4.96x. Genesis will fund its Granger expansion project through free cash flow and available credit, while retaining operational control of CHOPS.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in two upcoming investor conferences. The RBC Capital Markets Midstream and Energy Infrastructure Conference will take place on November 16-17 in Dallas, Texas. Additionally, Genesis will participate in the Barclays High Yield Bus Tour on November 17 in Houston, Texas. The latest presentation materials are available for download on the company’s website. Genesis Energy operates primarily in the Gulf Coast region and offers various midstream services, including offshore pipeline transportation and marine transportation.
Genesis Energy, L.P. (NYSE: GEL) reported a net loss of $20.9 million for Q3 2021, improved from a $29.7 million loss in Q3 2020. Operating cash flows fell to $54.2 million, down from $143.5 million year-over-year. The company's total segment margin was $153.9 million, with adjusted EBITDA of $140.5 million. Despite challenges from Hurricane Ida, management expects increasing volumes and pricing in its soda ash business. However, upcoming maintenance and a projected adjusted EBITDA of around $620 million for the year suggest a cautious outlook moving forward.
Genesis Energy, L.P. (NYSE: GEL) will announce its Third Quarter earnings for the period ended September 30, 2021, on November 4, 2021, before market open. A conference call will follow at 9:00 a.m. Central time, which can be accessed through their website. Genesis Energy operates in midstream energy with a focus on offshore pipeline transportation, sodium minerals, sulfur services, marine transportation, and onshore facilities, primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced a distribution on its common units and 8.75% Class A Convertible Preferred Units for Q3 2021. The Board of Directors declared a cash distribution of
Genesis Energy, L.P. (NYSE: GEL) will participate in the Citi One-on-One Midstream and Energy Infrastructure Virtual Conference on August 18th and 19th. The latest presentation materials are accessible on their website under the 'Presentations' section in the Investors tab. Headquartered in Houston, Texas, Genesis Energy operates as a diversified midstream energy master limited partnership, focusing on offshore pipeline transportation, sodium minerals and sulfur services, and marine transportation, primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) reported a net loss of $41.7 million for Q2 2021, a significant improvement from the $326.7 million loss in Q2 2020, which included $277.5 million in non-cash impairment charges. Operating cash flows reached $111 million, and total segment margin was $152.1 million. Adjusted EBITDA stood at $140.9 million. The company anticipates growth from two Gulf of Mexico developments scheduled for first oil in 2022 and ongoing recovery in its soda ash segment, despite facing increased operating expenses and potential cost pressures.
Genesis Energy, L.P. (NYSE: GEL) will release its Second Quarter earnings for the period ending June 30, 2021, on August 4, 2021, prior to market opening. A conference call to discuss these results is scheduled for the same day at 9:15 a.m. Central time. Investors can access the call via Genesis Energy's Investor Relations page. The company operates in the midstream energy sector, providing services such as offshore transportation and sodium mineral services, primarily in the Gulf Coast region and Wyoming.
Genesis Energy, L.P. (NYSE: GEL) has declared a distribution for its common and 8.75% Class A Convertible Preferred Units for the quarter ending June 30, 2021. The cash distribution of $0.15 per common unit ($0.60 annually) and $0.7374 per preferred unit ($2.9496 annually) will be paid on August 13, 2021, to holders on record as of July 30, 2021. Genesis operates in midstream energy, focusing on offshore pipeline transportation, sodium minerals, sulfur services, and marine transportation in the U.S. Gulf Coast and beyond.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in the BofA Securities 2021 Energy Credit Conference, scheduled for June 9th and 10th, 2021. The conference will be held virtually, allowing greater accessibility for attendees. Interested parties can download the Partnership's latest presentation materials from their website, under the 'Presentations' section on the 'Investors' tab. Based in Houston, Texas, Genesis Energy is a diversified midstream energy company specializing in offshore pipeline transportation and other services primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
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