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 filed its Annual Report on Form 10-K for the fiscal year ending December 31, 2021, with the Securities and Exchange Commission. This report is accessible on Genesis' website under the "Investors – SEC Reports" section. Unitholders can request a hard copy of the Form 10-K for free via email or phone. The company operates in offshore pipeline transportation, sodium minerals and sulfur services, marine transportation, and more, primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) reported a net loss of $68.3 million for Q4 2021, an improvement from $85.2 million in Q4 2020. Operating cash flows surged to $95.6 million, up from $1.1 million year-over-year. Total Segment Margin reached $155.6 million, with available cash before reserves at $51.5 million, ensuring a 2.80X distribution coverage. The partnership refinanced its credit facility and sold a 36% stake in its CHOPS pipeline for $418 million, using the proceeds to reduce debt. 2022 outlook projects total segment margins of $620-$640 million, driven by increased soda ash prices and offshore production recovery.
Genesis Energy, L.P. (NYSE: GEL) will release its Fourth Quarter earnings on February 17, 2022, before the market opens. An earnings conference call is scheduled for the same day at 9:00 a.m. CT. Interested parties can access the call through the company's website. Genesis Energy operates in offshore pipeline transportation, sodium minerals, sulfur services, and more, primarily in the Gulf Coast and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced a quarterly cash distribution for common and preferred units. For the quarter ended December 31, 2021, common unit holders will receive $0.15 ($0.60 annualized) per unit, while preferred unit holders will get $0.7374 ($2.9496 annualized) per unit. Distributions will be paid on February 14, 2022, to record holders as of January 31, 2022. Genesis operates primarily in the Gulf Coast, Wyoming, and the Gulf of Mexico, focusing on midstream energy services.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in upcoming investor conferences: the Capital One Securities 16th Annual Energy Conference on December 6th and the 20th Annual Wells Fargo Midstream Utility & Renewables Symposium from December 8th to 9th. The latest presentation materials can be downloaded from the Genesis Energy website under the Investors tab. Genesis is a diversified midstream energy master limited partnership based in Houston, Texas, focused on pipeline transportation and related services in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) will participate in the BofA Securities 2021 Virtual Leveraged Finance Conference on November 30th and December 1st. The company has made its latest presentation materials accessible for download on its official website under the ‘Presentations’ tab in the Investors section. Genesis Energy is a diversified midstream energy master limited partnership located in Houston, Texas, with operations spanning the Gulf Coast, Wyoming, and the Gulf of Mexico.
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.
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