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. reports news as a diversified midstream energy master limited partnership with operations in offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities and transportation. Its operating footprint is primarily in the Gulf Coast region of the United States and the Gulf of America.
Recurring updates cover quarterly results, Segment Margin, Adjusted EBITDA, Available Cash before Reserves, and cash distributions on common units and Class A Convertible Preferred units. Company announcements also address offshore throughput, customer hub activity, waterborne transportation demand, K-1 tax packages for unitholders, investor presentations, credit facility amendments, senior note offerings, tender offers, and other capital-structure actions tied to the partnership's financing profile.
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.
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 $0.15 per common unit and $0.7374 per preferred unit, payable on November 12, 2021. Record date for common units is October 29, 2021. Genesis operates primarily in the Gulf Coast region, providing pipeline transportation and sodium mineral services.
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.