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.
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Genesis Energy, L.P. (NYSE: GEL) Declares Quarterly Distributions, Offering $0.15 for Common Units and $0.9473 for Preferred Units. Company's Operations Include Offshore Pipeline Transportation, Sodium Minerals, and Sulfur Services.
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Genesis Energy, L.P. (NYSE: GEL) releases its 2022 Sustainability Report, showcasing its performance in various sustainability topics and metrics important to the industry and business.
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Genesis Energy, L.P. (NYSE: GEL) has completed a cash tender offer to purchase outstanding senior unsecured notes due 2025, with $513,984,000 aggregate principal amount of the outstanding Notes (96.10%) being validly tendered. The settlement date for the Notes is expected to be December 7, 2023. The company intends to call outstanding Notes for redemption. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations in offshore pipeline transportation, soda and sulfur services, marine transportation, and onshore facilities and transportation.
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Genesis Energy, L.P. (NYSE: GEL) will host investor meetings at the 2023 Wells Fargo Midstream & Utilities Symposium in New York City on December 6-7, 2023. The Partnership’s latest presentation materials are available on the Partnership’s website. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations including offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation.
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Genesis Energy, L.P. (NYSE: GEL) will host investor meetings at the Capital One Securities Energy Conference in Houston, TX on December 5, 2023. The Partnership’s latest presentation materials are available for download on the company's website. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations in offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation.
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Genesis Energy, L.P. (NYSE: GEL) has priced a public offering of $600,000,000 in aggregate principal amount of 8.250% senior unsecured notes due 2029. The notes were upsized from the previously announced $550,000,000 and will be co-issued with Genesis Energy Finance Corporation. The company intends to use the net proceeds to fund the purchase price and accrued and unpaid interest for existing notes due 2025, and the remainder for general partnership purposes. The offering is expected to settle and close on December 7, 2023.
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Genesis Energy, L.P. (NYSE: GEL) announced a cash tender offer to purchase any and all outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025, with $534,834,000 aggregate principal amount outstanding as of November 30, 2023. The tender offer expires on December 6, 2023, and settlement is expected on December 7, 2023. Holders of notes will receive $1,001.25 per $1,000 principal amount, plus accrued and unpaid interest up to the settlement date.
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Genesis Energy, L.P. (NYSE: GEL) announces a $550,000,000 public offering of senior unsecured notes due 2029. The proceeds will fund the purchase of existing notes and general partnership purposes. BofA Securities is leading the offering. Genesis Energy is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations in the Gulf Coast, Wyoming, and the Gulf of Mexico.
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Genesis Energy, L.P. (NYSE: GEL) announced its Q3 2023 financial results. Net Income Attributable to Genesis Energy, L.P. was $58.1 million, compared to $3.4 million in Q3 2022. Cash Flows from Operating Activities were $141.0 million, compared to $94.3 million in Q3 2022. Cash distributions on preferred units were $0.9473 per unit, totaling approximately $22.6 million. Available Cash before Reserves to common unitholders was $89.0 million. Total Segment Margin was $207.9 million. Adjusted EBITDA was $190.6 million. Adjusted Consolidated EBITDA for the trailing twelve months ended September 30, 2023, was $808.8 million. Grant Sims, CEO of Genesis Energy, stated that the company's financial results exceeded expectations and demonstrated the resilience of its diversified businesses.
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Genesis Energy, L.P. will announce its earnings for the Third Quarter ended September 30, 2023 on November 2, 2023. The earnings conference call will be held on the same day. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas.
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Genesis Energy, L.P.
NYSE:GEL
GEL Rankings
GEL Stock Data
1.56B
106.54M
13.17%
67.84%
1.38%
Pipeline Transportation of Crude Oil
Transportation and Warehousing
United States of America
HOUSTON
About GEL
genesis energy, l.p. is a midstream energy master limited partnership headquartered in houston, texas, with a diverse portfolio of customers, operations and assets, including refinery-related plants, pipelines, storage tanks and terminals, marine operations, and trucks and truck terminals. we give highly specialized customer attention focused on the midstream segment of the oil and gas industry, pulp and paper mills, mining operations and other industries.