CapitalOne resumed coverage on Genesis Energy, L.P. with a new price target
$GEL
Oil Refining/Marketing
Energy
CapitalOne resumed coverage of Genesis Energy, L.P. with a rating of Equal Weight and set a new price target of $15.00
Save time and jump to the most important pieces.
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 3/17/2025 | $15.00 → $18.00 | Equal Weight → Overweight | Wells Fargo |
| 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 |
4 - GENESIS ENERGY LP (0001022321) (Issuer)
4 - GENESIS ENERGY LP (0001022321) (Issuer)
4 - GENESIS ENERGY LP (0001022321) (Issuer)
Genesis Energy, L.P. (NYSE:GEL) today announced that it has closed a transaction to sell its soda ash manufacturing and related operations (the "Alkali Business") to an indirect affiliate of WE Soda Ltd. Transaction highlights include: The implied enterprise value of the Alkali Business is $1.425 billion, inclusive of working capital at closing; The ORRI bonds, with approximately $390 million of remaining principal net of restricted cash, will stay in place and be an ongoing obligation of the Alkali Business; and As a result, Genesis has received approximately $1.010 billion in cash, net of all adjustments and after the payment of anticipated transaction related fees and expenses
Genesis Energy, L.P. (NYSE:GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $49.4 million for the fourth quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $12.0 million for the same period in 2023. Cash Flows from Operating Activities of $74.0 million for the fourth quarter of 2024 compared to $124.8 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) 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 LP (NYSE:GEL) today announced an update on its recent and near-term expected deployment of the approximately $1.010 billion in cash, net of estimated transaction costs and expenses, it received on Friday, February 28, 2025, from the sale of its Alkali Business. In summary, Genesis has: Paid its senior secured revolving credit facility to zero which will result in saving approximately $25 million in annual cash interest expense; Called the remaining 8.0% senior unsecured notes due 2027 which will result in saving approximately $33 million in annual cash interest expense; and Purchased $250 million of its Class A convertible preferred units, permanently extinguishing appr
Genesis Energy, L.P. (NYSE:GEL) today announced that the 2024 tax packages, including Schedule K-1s, are now available online. The 2024 tax package may be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/Genesis or through the K-1 Tax Information link on our website at www.genesisenergy.com. The partnership expects to complete mailing of the 2024 Genesis Energy, L.P. tax packages by Tuesday, March 11th, 2025. For additional information, unitholders may call Tax Package Support toll free at 844-649-0506 weekdays between 8:00 a.m. and 5:00 p.m. CT. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Tex
Genesis Energy, L.P. (NYSE:GEL) today announced that its Board of Directors has extended its common equity repurchase program for its outstanding Class A common units (the "Program"). The Program, approved on August 8, 2023, was originally scheduled to expire on December 31, 2024. The Board has extended the Program through December 31, 2026, unless expanded and extended prior thereto. To date, Genesis has purchased only 114,900 Class A common units under the Program. The Program does not obligate GEL to acquire a particular number of Class A common units and any Class A common units of GEL that are repurchased will be canceled. Genesis Energy, L.P. is a diversified midstream energy master
SC 13G/A - GENESIS ENERGY LP (0001022321) (Subject)
SC 13D/A - GENESIS ENERGY LP (0001022321) (Subject)
SC 13G/A - GENESIS ENERGY LP (0001022321) (Subject)
8-K - GENESIS ENERGY LP (0001022321) (Filer)
10-K - GENESIS ENERGY LP (0001022321) (Filer)
8-K - GENESIS ENERGY LP (0001022321) (Filer)
Wells Fargo upgraded Genesis Energy, L.P. from Equal Weight to Overweight and set a new price target of $18.00 from $15.00 previously
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
4 - GENESIS ENERGY LP (0001022321) (Issuer)
4 - GENESIS ENERGY LP (0001022321) (Issuer)
4 - GENESIS ENERGY LP (0001022321) (Issuer)
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