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 March 31, 2025. 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 $3.7892 on an annualized basis, for each preferred unit held of record. These quarterly distributions will be paid on Thursday, May 15, 2025 to holders of record at the close of business on Wednesday, April 30, 2025.
Genesis will announce its earnings for the first quarter of 2025 on Thursday, May 8, 2025, before the New York Stock Exchange opens for trading. Following the announcement, the partnership will host a conference call at 9:00 a.m. CDT with analysts and investors to discuss its earnings. The call will be webcast live on the Internet and may be accessed through the "Investors" section of the partnership's website at www.genesisenergy.com. A replay of the webcast will be available following the conference call and may be accessed approximately one hour after completion of the call.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operations include offshore pipeline transportation, marine transportation, sulfur services and onshore facilities and transportation. Genesis' operations are primarily located in the Gulf Coast region of the United States and the Gulf of America.
This press release serves as qualified notice to nominees as provided for under Treasury Regulation Section 1.1446-4(b)(4) and (d). Please note that 100 percent of Genesis Energy's distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Genesis Energy's distributions to foreign investors are subject to federal income tax withholding at the highest applicable effective tax rate. Nominees are treated as withholding agents responsible for withholding distributions received by them on behalf of foreign investors.
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Genesis Energy, L.P.
Dwayne Morley
VP – Investor Relations
(713) 860-2536