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 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.
Genesis Energy, L.P. (NYSE: GEL) will participate in the Barclays Midstream & Clean Infrastructure Corporate Access Days, scheduled virtually on March 1st and 2nd, 2022. The partnership provides access to its latest presentation materials via its website, under the Investors tab. Headquartered in Houston, Texas, Genesis operates in offshore pipeline transportation, sodium minerals, sulfur services, and marine transportation. Its primary operations are in the Gulf Coast, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) has made the 2021 tax packages, including Schedule K-1s, available online. Unitholders can access these documents via the K-1 Partner Relations support website or directly through Genesis Energy's homepage. The company plans to finalize mailing of the tax packages by March 7, 2022. Genesis Energy is a diversified midstream energy master limited partnership based in Houston, Texas, with operations in offshore pipeline transportation, sodium minerals, sulfur services, and marine transportation primarily located in the Gulf Coast region.
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.