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 LP (NYSE: GEL) is a Houston-based midstream energy leader providing critical pipeline transportation and industrial services across North America's oil and gas sector. This dedicated news hub offers investors and industry professionals centralized access to the company's material developments and market disclosures.
Our curated collection features official press releases, regulatory filings, and operational updates spanning GEL's core activities. Key focus areas include quarterly earnings reports, offshore pipeline expansions in the Gulf of Mexico, sodium minerals production updates, and marine transportation infrastructure developments. The resource also tracks strategic partnerships and regulatory compliance milestones impacting the company's operations.
This page serves as an essential tool for monitoring GEL's position within the evolving energy landscape. Users gain efficient access to verified information on capacity expansions, service offerings, and management initiatives directly affecting the partnership's performance. Content is systematically organized to support both fundamental analysis and timely decision-making.
Bookmark this page for ongoing insights into Genesis Energy's operational and financial trajectory. Regularly updated with authoritative sources, it remains your primary destination for tracking GEL's role in North America's midstream energy infrastructure.
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.
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.
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.
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