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 Capital One Securities 15th Annual Energy Conference, scheduled for December 7th. The conference will be held virtually, allowing investors to engage with the Partnership. Interested parties can find the latest presentation materials on Genesis Energy's website under the 'Presentations' section in the Investors tab. Genesis Energy operates in midstream energy services, including offshore pipeline transportation and sodium mineral services, primarily in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference on December 2nd. The latest presentation materials are accessible on their website under the Investors tab.
Headquartered in Houston, Texas, Genesis Energy is a diversified midstream energy master limited partnership. Its operations encompass offshore pipeline transportation, sodium minerals and sulfur services, as well as onshore facilities and marine transportation, primarily located in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) will participate in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference on November 18th and 19th. The latest presentation materials are accessible via the company’s website under the ‘Presentations’ section in the Investors tab. Genesis Energy is a diversified midstream energy partnership based in Houston, Texas, with operations including offshore pipeline transportation, sodium minerals, 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 $29.7 million for Q3 2020, down from a net income of $17.6 million in Q3 2019. Despite challenges from the COVID-19 pandemic and hurricanes, operating cash flows increased to $143.5 million. The company declared a quarterly distribution of $0.15 per common unit, with sufficient coverage at 3.84X. Total segment margin was $161.9 million. Adjusted EBITDA stood at $151.5 million. The bank leverage ratio is 5.25X, and the company is focused on enhancing financial flexibility and exploring growth opportunities post-pandemic.
Genesis Energy, L.P. (GEL) has finalized agreements with Denbury Inc. to sell its Free State CO2 pipeline for $22.5 million, plus an additional $70 million in quarterly payments related to the NEJD financing lease. This transaction is expected to yield approximately $134 million in total cash, aimed at reducing the partnership's debt. CEO Grant Sims emphasized that this move will help Genesis exit the non-core CO2 pipeline sector and strengthen its financial position amid the challenges posed by the COVID-19 pandemic and recent hurricanes.
Genesis Energy, L.P. (NYSE: GEL) will report its third quarter earnings on November 5, 2020, before market opening. An earnings conference call is set for the same day at 8:30 a.m. Central time, accessible via their website. Genesis operates in midstream energy, focusing on offshore pipeline transportation, sodium minerals, sulfur services, marine and onshore transportation, primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution of $0.15 per common unit and $0.7374 per Class A Convertible Preferred Unit for Q3 2020. These distributions, amounting to $0.60 and $2.9496 on an annualized basis respectively, will be paid on November 13, 2020, to record holders by October 30, 2020. The company operates in diverse midstream energy sectors, including offshore pipeline transportation and sodium minerals services, primarily in the Gulf Coast and Wyoming regions.