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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.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Genesis Energy, L.P.'s stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Genesis Energy, L.P.'s position in the market.

Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.8%
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Rhea-AI Summary
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.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.23%
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Rhea-AI Summary
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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Rhea-AI Sentiment
End-of-Day
1.32%
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Rhea-AI Summary
Genesis Energy, L.P. declares distribution for Q3 2023
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1.76%
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Rhea-AI Summary
Genesis Energy, L.P. to host investor meetings at Citi One-on-One Conference
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End-of-Day
1.54%
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conferences
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3.77%
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buyback
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-10.76%
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0.3%
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-0.31%
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-0.64%
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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
Link
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.