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) reported a net loss of $85.2 million for Q4 2020, compared to a net income of $22.4 million in Q4 2019. Cash flows from operating activities decreased to $1.1 million from $50.6 million year-over-year. Total segment margin was $137 million, with adjusted EBITDA at $134.6 million. The partnership faces challenges from the pandemic and an unprecedented hurricane season but anticipates improved results in 2021 due to recovering demand and upcoming offshore projects, which could generate over $100 million annually in additional margin.
Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Fourth Quarter ended December 31, 2020, on February 18, 2021, before the market opens. Following this, the company will hold its earnings conference call on the same day at 8:30 a.m. Central time. Investors can access the call through the Genesis Energy website under the Investor Relations section. The company operates primarily in the Gulf Coast region, offering services in offshore pipeline transportation, sodium minerals, sulfur services, and more.
Genesis Energy, L.P. (NYSE: GEL) announced a distribution for Q4 2020, with cash distributions set for February 12, 2021. Common unit holders will receive $0.15 per unit, translating to an annualized rate of $0.60, while 8.75% Class A Convertible Preferred Unit holders will receive $0.7374 per unit, or $2.9496 annually. The record date for these distributions is January 29, 2021. Genesis Energy operates in midstream energy services, particularly in the Gulf Coast, Wyoming, and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) will participate in the UBS Winter Infrastructure & Energy Virtual Conference on January 12th and 13th. The latest presentation materials are accessible for download on their website, under the Investors tab. Genesis Energy operates as a diversified midstream energy master limited partnership, offering services including offshore pipeline transportation, sodium minerals, sulfur services, and marine transportation. Their operations primarily focus in the Gulf Coast region of the U.S., Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) has completed its cash tender offer for all outstanding 6.000% senior unsecured notes due 2023. As of the December 16, 2020 expiration time, $308,783,000 (79.25%) of the notes were validly tendered. The company plans to redeem any untendered notes following the terms of the indenture. The settlement date is expected to be December 17, 2020. Genesis Energy operates in the midstream energy sector, focusing on pipeline transportation and marine services mainly in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) has raised $750 million through a public offering of 8.0% senior unsecured notes due 2027, up from the initial $550 million. The notes are priced at 100% of their principal amount and are co-issued with Genesis Energy Finance Corporation. Proceeds will fund the purchase of existing 6.000% senior unsecured notes due 2023 and for general partnership purposes, including repaying revolving credit facility borrowings. The offering is expected to close on December 17, 2020, subject to conditions.
Genesis Energy, L.P. (NYSE: GEL) announced a cash tender offer for its 6.000% senior unsecured notes due 2023, with $389,642,000 outstanding as of December 10, 2020. The offer will expire on December 16, 2020, at 5:00 p.m. New York City time, with settlement expected on December 17, 2020. Holders of accepted notes will receive $1,018.40 per $1,000 principal amount plus accrued interest. The tender offer depends on completing debt financing transactions. Genesis Energy is a diversified midstream energy partnership headquartered in Houston, focusing on offshore and onshore transportation.
Genesis Energy, L.P. (NYSE: GEL) announced a public offering of $550 million in senior unsecured notes due 2027. The notes will be co-issued with Genesis Energy Finance Corporation and guaranteed by most existing and future subsidiaries. Proceeds will fund the purchase of 6.000% senior unsecured notes due 2023 in a concurrent tender offer, as well as general partnership purposes, including repaying revolving credit facility borrowings. RBC Capital Markets leads the offering with a full preliminary prospectus available upon request.
Genesis Energy, L.P. (NYSE: GEL) announced participation in the 2020 Wells Fargo Virtual Midstream and Utility Symposium, scheduled for December 8th and 9th. The Partnership's presentation materials are accessible for download on their website under the Investors tab. Genesis Energy specializes in diversified midstream energy services, including offshore pipeline transportation and marine transportation, primarily in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
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.