Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment offers sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to ten refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. Its Onshore Facilities and Transportation segment offers onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates trucks, trailers, railcars, and terminals and tankage with 4.2 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil and carbon dioxide (CO2). It owns four onshore crude oil pipeline systems with approximately 450 miles of pipe in Alabama, Florida, Louisiana, Mississippi, and Texas; and four operational crude oil rail unloading facilities in Baton Rouge and Raceland, Louisiana, as well as Walnut Hill, Florida and Natchez, Mississippi. Its Marine Transportation segment offers waterborne transportation of petroleum and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. The company was incorporated in 1996 and is headquartered in Houston, Texas.
IPO Year: 1996
Exchange: NYSE
Website: genesisenergy.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/1/2024 | Equal Weight → Overweight | CapitalOne | |
| 3/28/2023 | $15.00 | Equal Weight | CapitalOne |
| 12/16/2021 | $11.00 → $12.00 | Equal-Weight | Wells Fargo |
| 12/3/2021 | $12.00 | Buy | Citigroup |
| 11/23/2021 | $12.00 → $11.00 | Overweight → Equal Weight | CapitalOne |
| 11/11/2021 | $13.00 → $15.00 | Outperform | RBC Capital |
| 10/14/2021 | $10.00 → $12.00 | Overweight → Equal-Weight | Barclays |
| 8/6/2021 | $12.00 → $10.00 | Overweight | Barclays |
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 13, 2021, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended December 31, 2020. These distributions will be paid on February 12, 2021 to holders of record at the close of business on January 29, 2021. Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for eac
Genesis Energy, L.P. (NYSE:GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended December 31, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid a quarterly cash distribution of $0.9473, or $3.7890 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Friday, February 14, 2025 to holders of record at the close
Genesis Energy, L.P. (NYSE:GEL) today announced that receipt of tenders for an aggregate principal amount of $877,967,000 of our outstanding 8.0% senior notes due 2027 (the "Notes") that we co-issued with our subsidiary, Genesis Energy Finance Corporation in connection with its previously announced cash tender offer (such transaction, the "Tender Offer") to purchase up to $575 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City time, on December 18, 2024 (the "Early Tender Deadline"), as well as the expected initial settlement date for the Tender Offer on December 20, 2024 (the "Initial Settlement Date"). As of December 18, 2024, $981,245,000 aggregat
Genesis Energy, L.P. (NYSE:GEL) announced today that it will host investor meetings at Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium in New York City on December 10-11, 2024. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under "Presentations" under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis' operations are pri
Genesis Energy, L.P. (NYSE:GEL) announced today, in connection with our previously announced cash tender offer (the "Tender Offer") for our 8.0% Senior Notes due 2027 ( "Notes"), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the "Tender Offer Cap"), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as amended by the terms set forth herein, the "Offer to Purchase"). Notes validly tendered and not validly withdrawn at or prior to 5:00 p.m., New York City time, on December 18, 2024, unless extended (such time and date as the sam
Genesis Energy, L.P. (NYSE:GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.000% senior notes due 2033 (the "notes"). The offering of the notes was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed by all of our subsidiaries, other than our unrestricted subsidiaries. We intend to use the net proceeds from this offering (i) to purchase or redeem up to $575 million aggregate principal amount of our ou
Genesis Energy, L.P. (NYSE:GEL) today announced the commencement of a cash tender offer to purchase up to $385 million (the "Tender Cap") of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the "Notes") that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the "Tender Offer"). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made pursuant to the terms and conditions of an offer to purchase, dated as of December 5, 2024 (as may be amended or supplemented from time to time, the "Offer to Purchase"). Notes validly tendered and not validly withdrawn at or
Genesis Energy, L.P. (NYSE:GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033 (the "notes"). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed by all of our subsidiaries, other than our unrestricted subsidiaries. We intend to use the net proceeds from this offering (i) to purchase or redeem up to $385 million aggregate principal amount of our outstanding 8.0% senior notes due 2027 (or such lesser aggregate principal amount of such notes that could be acquired with the net cash proc
Genesis Energy, L.P. (NYSE:GEL) today announced that the company's 2023 Sustainability Report is now available and can be accessed on the Company's website at https://www.genesisenergy.com/sustainability. The report shares our progress in the advancement of our corporate sustainability program and provides a review of Genesis Energy's performance for calendar year 2023 against various sustainability topics and metrics that are important to our industry and our business. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore
Genesis Energy, L.P. (NYSE:GEL) today announced its third quarter results. We generated the following financial results for the third quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $17.2 million for the third quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the same period in 2023. Cash Flows from Operating Activities of $87.3 million for the third quarter of 2024 compared to $141.0 million for the same period in 2023. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $21.9 million and is reflected as a reduction to Available
Genesis Energy, L.P. (NYSE:GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended September 30, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid a quarterly cash distribution of $0.9473, or $3.7890 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Thursday, November 14, 2024 to holders of record at the clo
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Genesis Energy, L.P. (NYSE:GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended December 31, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid a quarterly cash distribution of $0.9473, or $3.7890 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Friday, February 14, 2025 to holders of record at the close
Genesis Energy, L.P. (NYSE:GEL) today announced its third quarter results. We generated the following financial results for the third quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $17.2 million for the third quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the same period in 2023. Cash Flows from Operating Activities of $87.3 million for the third quarter of 2024 compared to $141.0 million for the same period in 2023. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $21.9 million and is reflected as a reduction to Available
Genesis Energy, L.P. (NYSE:GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended September 30, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid a quarterly cash distribution of $0.9473, or $3.7890 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Thursday, November 14, 2024 to holders of record at the clo
Genesis Energy, L.P. (NYSE:GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $8.7 million for the second quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the same period in 2023. Cash Flows from Operating Activities of $104.7 million for the second quarter of 2024 compared to $157.7 million for the same period in 2023. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $21.9 million and is reflected as a reduction to A
Genesis Energy, L.P. (NYSE:GEL) will announce its earnings for the Second Quarter ended June 30, 2024 on August 1, 2024, before the market opens. Genesis Energy, L.P.'s Second Quarter Earnings Conference Call will be held Thursday, August 1, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at https://www.genesisenergy.com/investors/events-and-presentations. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation
Genesis Energy, L.P. (NYSE:GEL) today announced its first quarter results. We generated the following financial results for the first quarter of 2024: Net Income Attributable to Genesis Energy, L.P. of $11.4 million for the first quarter of 2024 compared to Net Loss Attributable to Genesis Energy, L.P. of $1.6 million for the same period in 2023. Cash Flows from Operating Activities of $125.9 million for the first quarter of 2024 compared to $97.7 million for the same period in 2023. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $21.9 million and is reflected as a reduction to Availa
Genesis Energy, L.P. (NYSE:GEL) will announce its earnings for the First Quarter ended March 31, 2024 on May 2, 2024, before the market opens. Genesis Energy, L.P.'s First Quarter Earnings Conference Call will be held Thursday, May 2, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at https://www.genesisenergy.com/investors/events-and-presentations. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, sodiu
Genesis Energy, L.P. (NYSE:GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2023: Net Income Attributable to Genesis Energy, L.P. of $12.0 million for the fourth quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $42.0 million for the same period in 2022. Cash Flows from Operating Activities of $124.8 million for the fourth quarter of 2023 compared to $81.8 million for the same period in 2022. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $21.9 million and is reflected as a reduction to
Genesis Energy, L.P. (NYSE:GEL) will announce its earnings for the Fourth Quarter ended December 31, 2023 on February 15, 2024, before the market opens. Genesis Energy, L.P.'s Fourth Quarter Earnings Conference Call will be held Thursday, February 15, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transport
Genesis Energy, L.P. (NYSE:GEL) today announced its third quarter results. We generated the following financial results for the third quarter of 2023: Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the third quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $3.4 million for the same period in 2022. Cash Flows from Operating Activities of $141.0 million for the third quarter of 2023 compared to $94.3 million for the same period in 2022. We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $22.6 million and is reflected as a reduction to Avai
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CapitalOne upgraded Genesis Energy, L.P. from Equal Weight to Overweight
CapitalOne resumed coverage of Genesis Energy, L.P. with a rating of Equal Weight and set a new price target of $15.00
Wells Fargo reiterated coverage of Genesis Energy with a rating of Equal-Weight and set a new price target of $12.00 from $11.00 previously
Citigroup resumed coverage of Genesis Energy, L.P. with a rating of Buy and set a new price target of $12.00
CapitalOne downgraded Genesis Energy, L.P. from Overweight to Equal Weight and set a new price target of $11.00 from $12.00 previously
RBC Capital reiterated coverage of Genesis Energy with a rating of Outperform and set a new price target of $15.00 from $13.00 previously
Barclays downgraded Genesis Energy from Overweight to Equal-Weight and set a new price target of $12.00 from $10.00 previously
Barclays reiterated coverage of Genesis Energy with a rating of Overweight and set a new price target of $10.00 from $12.00 previously
Wells Fargo upgraded Genesis Energy from Underweight to Equal-Weight and set a new price target of $10.00
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