Genesis Energy, L.P. Declares Quarterly Distribution

Rhea-AI Summary

Genesis Energy (NYSE: GEL) has declared its quarterly cash distribution for Q1 2025. Common unit holders will receive $0.165 per unit ($0.66 annualized), while Class A Convertible Preferred unit holders will get $0.9473 per unit ($3.7892 annualized). The distribution will be paid on May 15, 2025 to holders of record as of April 30, 2025.

The company will announce its Q1 2025 earnings on May 8, 2025, before NYSE trading hours, followed by a conference call at 9:00 a.m. CDT. Genesis Energy is a Houston-based diversified midstream energy master partnership, operating in offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region.

Positive

• Consistent quarterly distribution maintained for both common and preferred units
• Company maintains diverse operations across multiple midstream energy segments

Negative

• None.

Insights

Financial Analyst

Genesis Energy has declared its quarterly cash distribution for Q1 2025, maintaining the payment at $0.165 per common unit ($0.66 annualized) and $0.9473 per preferred unit ($3.7892 annualized). At the current unit price of $13.34, this represents an annual yield of approximately 4.95% for common unitholders.

The consistent distribution suggests financial stability within Genesis' diversified midstream operations, which span offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities. As a master partnership (MLP), Genesis' appeal to investors is largely built on these regular cash distributions, which carry different tax implications than traditional corporate dividends.

While maintaining the distribution avoids a negative signal that would come from a cut, the lack of any increase indicates the partnership isn't in a growth phase regarding unitholder returns. Without accompanying financial metrics like distribution coverage ratio or free cash flow figures, it's difficult to assess the long-term sustainability of these payments.

Investors should look to the upcoming May 8th earnings announcement for a more comprehensive view of Genesis' operational performance and financial health. The maintained distribution suggests business continuity rather than improvement or deterioration, positioning this announcement as administratively important but strategically neutral for investors.

HOUSTON--(BUSINESS WIRE)-- 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.

View source version on businesswire.com: https://www.businesswire.com/news/home/20250410746955/en/

Genesis Energy, L.P.

Dwayne Morley

VP – Investor Relations

(713) 860-2536

Source: Genesis Energy, L.P.

FAQ

What is the quarterly distribution amount for Genesis Energy (GEL) common unit holders in Q1 2025?

Genesis Energy (GEL) will pay common unit holders $0.165 per unit quarterly, equivalent to $0.66 on an annualized basis.

When will Genesis Energy (GEL) announce its Q1 2025 earnings?

GEL will announce its Q1 2025 earnings on May 8, 2025, before the NYSE opens for trading.

What is the distribution amount for GEL's Class A Convertible Preferred units for Q1 2025?

Preferred unit holders will receive $0.9473 quarterly per unit, or $3.7892 on an annualized basis.

What is the record date and payment date for GEL's Q1 2025 distribution?

The record date is April 30, 2025, and the payment date is May 15, 2025.