STOCK TITAN

Genesis Energy, L.P. - GEL STOCK NEWS

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. (GEL) is a Houston, Texas-based master limited partnership specializing in the midstream segment of the crude oil and natural gas industry. With a diverse portfolio, the company operates refinery-related plants, pipelines, storage tanks, terminals, marine operations, and truck terminals. It provides highly specialized customer attention, focusing on midstream oil and gas, pulp and paper mills, mining operations, and other industries.

Core Business and Segments

Genesis Energy LP's operations are categorized into four main segments:

  • Offshore Pipeline Transportation: This segment generates the bulk of the company’s revenue, focusing on crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico. It offers a suite of services to both integrated and large independent energy companies.
  • Sodium Minerals and Sulfur Services: Engaged in the production, marketing, and transportation of sodium minerals and sulfur products, this segment contributes significantly to the company's diverse portfolio.
  • Onshore Facilities and Transportation: This segment manages a variety of onshore pipelines, storage facilities, and terminals, ensuring efficient and reliable transport and storage solutions for crude oil and natural gas.
  • Marine Transportation: Genesis Energy operates a fleet of marine vessels, including tankers and barges, providing essential transportation services for crude oil, petroleum products, and other cargo.

Recent Achievements and Current Projects

The company continues to expand its operational footprint, leveraging its strategic assets and partnerships to enhance service offerings. Recent projects include the expansion of offshore pipeline capacity and the development of new storage facilities to meet growing demand.

Financial Condition

Genesis Energy maintains a robust financial profile, underpinned by steady revenue streams from its diversified operations. The company is committed to sustainable growth, focusing on strategic investments and cost-efficient operations.

Partnerships and Collaborations

Collaborations with leading energy companies and industrial players form a cornerstone of Genesis Energy’s business strategy. These partnerships enable the company to deliver comprehensive midstream solutions, enhancing its competitive edge in the market.

Conclusion

Genesis Energy, L.P. is a vital player in the midstream energy sector, providing essential services to the crude oil and natural gas industry. With a strong focus on customer service and strategic growth, the company is well-positioned to continue its trajectory of success.

Rhea-AI Summary

Genesis Energy (NYSE: GEL) has announced its participation in the 21st Annual Energy Infrastructure CEO & Investor Conference, scheduled for May 22-23, 2024, in Aventura, Florida. The company, a diversified midstream energy master partnership based in Houston, will host investor meetings during the event. Genesis operates in offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. Their operations are primarily located in the Gulf Coast region of the U.S., Wyoming, and the Gulf of Mexico. For more details, visit Genesis' website or view the source version on businesswire.com.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.08%
Tags
conferences
-
Rhea-AI Summary

Genesis Energy, L.P. announced an upsized public offering of $700,000,000 in senior unsecured notes due 2032 to redeem outstanding notes and for general partnership purposes. The notes will be co-issued with Genesis Energy Finance and guaranteed by most subsidiaries. The offering will close on May 9, 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.09%
Tags
-
Rhea-AI Summary

Genesis Energy, L.P. announced a public offering of $500 million in senior unsecured notes due 2032. The proceeds will be used to redeem existing notes due 2026 and for general partnership purposes. RBC Capital Markets, is leading the offering.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.94%
Tags
Rhea-AI Summary

Genesis Energy, L.P. (NYSE: GEL) reported positive financial results for Q1 2024, with Net Income of $11.4 million compared to a Net Loss of $1.6 million in Q1 2023. Cash Flows from Operating Activities increased to $125.9 million from $97.7 million in the same period. Total Segment Margin reached $181.1 million, and Adjusted EBITDA was $163.1 million for the quarter. The company anticipates significant growth in cash flow after completing major capital spending programs, expecting a positive financial performance from offshore assets and a recovery in the soda ash business in 2024.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
4.08%
Tags
-
Rhea-AI Summary
Genesis Energy, L.P. (NYSE: GEL) has announced that it will release its First Quarter earnings on May 2, 2024, before the market opens. The earnings conference call will take place on the same day at 9:00 a.m. Central time. Genesis Energy is a midstream energy master partnership based in Houston, Texas, with operations in offshore pipeline transportation, sodium minerals, sulfur services, marine transportation, and onshore facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-- %
Tags
-
Rhea-AI Summary
Genesis Energy, L.P. (GEL) declares distributions for common and preferred units for the quarter ended March 31, 2024. Common unit holders to receive $0.15 per unit quarterly, while preferred unit holders to receive $0.9473 per unit. Distributions payable on May 15, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.63%
Tags
none
Rhea-AI Summary
Genesis Energy, L.P. (NYSE: GEL) has released a revised 2023 State Schedule as part of the 2023 K-1 tax packages, available online and mailed to unitholders. The Federal Schedule K-1 remains unchanged. Investors can access the full tax package with corrected state allocations on the company's website. Genesis Energy, L.P. is a midstream energy master partnership based in Houston, Texas, with diverse operations in pipeline transportation, minerals, marine transportation, and onshore facilities.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.18%
Tags
none
-
Rhea-AI Summary
Genesis Energy, L.P. (GEL) announces the availability of 2023 tax packages online, with potential changes due to pending tax law revisions. Unitholders can access the packages through designated websites and expect mailing by March 29th, 2024.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.38%
Tags
none
-
Rhea-AI Summary
Genesis Energy, L.P. (GEL) provided an update on the availability of the partnership’s 2023 Investor Tax Packages, dependent on the passage of the Tax Relief for American Families and Workers Act of 2024. The legislation could lower Genesis’ taxable income for 2023, but the timing of the tax packages is uncertain due to ongoing legislative processes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.43%
Tags
none
Rhea-AI Summary
Genesis Energy, L.P. (GEL) to host investor meetings at J.P. Morgan 2024 Global High Yield & Leveraged Finance Conference. The Partnership's diversified midstream energy operations to be showcased.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.21%
Tags
conferences

FAQ

What is the current stock price of Genesis Energy, L.P. (GEL)?

The current stock price of Genesis Energy, L.P. (GEL) is $11.39 as of December 4, 2024.

What is the market cap of Genesis Energy, L.P. (GEL)?

The market cap of Genesis Energy, L.P. (GEL) is approximately 1.4B.

What does Genesis Energy, L.P. specialize in?

Genesis Energy, L.P. specializes in the midstream segment of the crude oil and natural gas industry, offering services like pipeline transportation, storage, and marine operations.

Where is Genesis Energy, L.P. headquartered?

Genesis Energy, L.P. is headquartered in Houston, Texas.

What are the main segments of Genesis Energy, L.P.'s operations?

The main segments are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation.

Which segment generates the most revenue for Genesis Energy?

The offshore pipeline transportation segment generates the most revenue for Genesis Energy.

What recent projects has Genesis Energy undertaken?

Recent projects include the expansion of offshore pipeline capacity and the development of new storage facilities.

Who are Genesis Energy’s customers?

Genesis Energy serves crude oil and natural gas producers, as well as industrial and commercial enterprises.

What types of transportation does Genesis Energy provide?

Genesis Energy provides pipeline transportation, marine transportation with tankers and barges, and onshore transportation services.

How does Genesis Energy ensure reliable service?

Genesis Energy ensures reliable service through its diverse portfolio of operations, strategic assets, and partnerships with leading energy companies.

Is Genesis Energy involved in any partnerships?

Yes, Genesis Energy collaborates with leading energy companies and industrial players to enhance its service offerings.

What is the financial outlook of Genesis Energy?

Genesis Energy maintains a robust financial profile, supported by steady revenue streams and a commitment to sustainable growth.

Genesis Energy, L.P.

NYSE:GEL

GEL Rankings

GEL Stock Data

1.39B
100.14M
18.23%
70.74%
2.49%
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
Link
United States of America
HOUSTON