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) 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) announced today that it will host investor meetings at Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference in Las Vegas, NV on August 13-14, 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
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) announced today that on July 19, 2024, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with $900 million in commitments from both existing and new lenders with an initial maturity date of September 1, 2028. The relevant covenants contained in the new facility will remain materially similar to those in the previous revolving credit facility, although, prospectively, the partnership will have an expanded permitted investment basket which will provide increased flexibility to potentially purchase existing private or public securities across the capital structure that management might then perceive to be a
Genesis Energy, L.P. (NYSE:GEL) announced today that, on July 10, 2024, the Board of Directors of its general partner declared a distribution on Genesis' common units and Class A Convertible Preferred Units attributable to the quarter ended June 30, 2024. These distributions will be paid on August 14, 2024 to holders of record at the close of business on July 31, 2024. 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 $0.9473 ($3.7890 on an annualized basis) for each preferred unit held of record. Genesis Energy, L
Genesis Energy, L.P. (NYSE:GEL) today announced that its 2023 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 at www.taxpackagesupport.com/Genesis or through the "K-1 Tax Information" link on the Genesis Energy Home page at www.genesisenergy.com. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax return and certain corporate and/or partnership unitholders) may need the detailed information disclosed on Schedule K-3 for their specific reporting requirements. To the extent Schedule K-3 is applicable to your return filing
Effective July 1, 2024, American Natural Soda Ash Corporation ("ANSAC") announced today that it is raising export prices US$25.00/MT on all non-contract sales of soda ash, and on contracted sales when contracts allow. "We are seeing a tightening of the global soda ash supply environment, leading to an increase in demand for our soda ash," said ANSAC President Jeffrey Jacobson. For additional information customers are asked to contact their local ANSAC sales representative or distributor. ANSAC operates as the export sales, marketing and logistics arm for Genesis Alkali, a leading producer of natural soda ash in the United States and a subsidiary of Genesis Energy, L.P. For more informat
Genesis Energy, L.P. (NYSE:GEL) announced today that it will host investor meetings at the following conferences: 2024 RBC Capital Markets Global Energy, Power & Infrastructure Conference in New York City on June 4-5, 2024 2024 BofA Securities Energy Credit Conference in New York City on June 5-6, 2023 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 minera
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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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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
Genesis Energy, L.P. (NYSE:GEL) will announce its earnings for the Third Quarter ended September 30, 2023 on November 2, 2023, before the market opens. Genesis Energy, L.P.'s Third Quarter Earnings Conference Call will be held Thursday, November 2, 2023, at 9:30 a.m. Central time (10:30 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. 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, soda and sulfur services, marine t
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Genesis Energy, L.P. (NYSE:GEL) today announced that it has priced a public offering of $700,000,000 in aggregate principal amount of 7.875% senior unsecured notes due 2032 (the "notes"). The offering of the notes was upsized from the previously announced $500,000,000 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 will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering of the note
Genesis Energy, L.P. (NYSE:GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $500,000,000 in aggregate principal amount of senior unsecured notes due 2032 (the "notes"). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering of the notes to redeem all of our outstanding 6.250% senior unsecured notes due 2026 and the remainder for general partnership purposes, including rep
Genesis Energy (NYSE:GEL) reported quarterly losses of $(0.09) per share. The company reported $770.105 million in sales this quarter. This is a 2.59 percent decrease over sales of $790.612 million the same period last year.
Genesis Energy (NYSE:GEL) reported quarterly losses of $(0.08) per share. This is a 153.33 percent decrease over earnings of $0.15 per share from the same period last year. The company reported $774.10 million in sales this quarter. This is a 8.41 percent increase over sales of $714.04 million the same period last year.
Genesis Energy (NYSE:GEL) reported quarterly losses of $(0.08) per share which missed the analyst consensus estimate of $0.23 by 134.78 percent. This is a 153.33 percent decrease over earnings of $0.15 per share from the same period last year. The company reported quarterly sales of $774.10 million which beat the analyst consensus estimate of $401.53 million by 92.79 percent. This is a 8.41 percent increase over sales of $714.04 million the same period last year.
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By the close of today, February 14, 2024, Genesis Energy (NYSE:GEL) will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 4.86%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 30, 2024. Genesis Energy Recent Dividend Payouts table { width: 100%; border-collapse: collapse; font-family: Arial, sans-serif; font-size: 14px; } th, td { padding: 8px; text-align: left; } th { background-color: #293a5a; color: #fff; text-align: left; } tr:nt