Welcome to our dedicated page for Genesis Energy L P news (Ticker: GEL), a resource for investors and traders seeking the latest updates and insights on Genesis Energy L P stock.
Genesis Energy LP (NYSE: GEL) is a Houston-based midstream energy leader providing critical pipeline transportation and industrial services across North America's oil and gas sector. This dedicated news hub offers investors and industry professionals centralized access to the company's material developments and market disclosures.
Our curated collection features official press releases, regulatory filings, and operational updates spanning GEL's core activities. Key focus areas include quarterly earnings reports, offshore pipeline expansions in the Gulf of Mexico, sodium minerals production updates, and marine transportation infrastructure developments. The resource also tracks strategic partnerships and regulatory compliance milestones impacting the company's operations.
This page serves as an essential tool for monitoring GEL's position within the evolving energy landscape. Users gain efficient access to verified information on capacity expansions, service offerings, and management initiatives directly affecting the partnership's performance. Content is systematically organized to support both fundamental analysis and timely decision-making.
Bookmark this page for ongoing insights into Genesis Energy's operational and financial trajectory. Regularly updated with authoritative sources, it remains your primary destination for tracking GEL's role in North America's midstream energy infrastructure.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution of $0.15 per common unit, equating to an annualized rate of $0.60, payable on November 14, 2022, to record holders as of October 31, 2022. For its 8.75% Class A Convertible Preferred Units, the distribution amounts to $0.7374 per preferred unit ($2.9496 annualized). This decision reflects Genesis’ ongoing commitment to return value to its investors and highlights its operational stability within the midstream energy sector, primarily centered in the Gulf Coast region and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) will participate in the Wells Fargo Leveraged Finance Conference in Nashville, Tennessee on September 8-9, 2022. The company, based in Houston, Texas, operates in offshore pipeline transportation, sodium minerals, sulfur services, and more. Latest presentation materials are available on their website under the Investors tab. Genesis primarily serves the Gulf Coast, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) has made its 2021 Schedule K-3 available online for unitholders who require this international tax information. Unitholders can access the Schedule on the Partner Relations support website or via the Genesis Energy homepage. The Schedule K-3 is particularly important for foreign unitholders and those computing foreign tax credits. Genesis Energy will not be mailing copies of this document, but unitholders can request an electronic version by calling Partner DataLink.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, Nevada. The event will take place in person on August 16th and 17th, 2022. Interested investors can access the latest presentation materials by visiting the company's website at www.genesisenergy.com under the 'Presentations' section of the Investors tab. Genesis operates primarily in the Gulf Coast, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) reported a net income of $35.3 million for Q2 2022, compared to a loss of $41.7 million in Q2 2021. Cash flows from operations were $104.0 million. The company declared cash distributions of $0.7374 per preferred unit, totaling $18.7 million. Total segment margin reached $219.3 million, with adjusted EBITDA at $210.1 million. The company raised its full-year adjusted EBITDA guidance to $670-$680 million, highlighting operational improvements and growth in offshore pipeline transportation and soda ash segments.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution for its common and Class A Convertible Preferred Units on July 12, 2022. For the quarter ending June 30, 2022, holders of common units will receive $0.15 per unit ($0.60 annually), while preferred unit holders will receive $0.7374 per unit ($2.9496 annually). These distributions will be paid on August 12, 2022, to investors on record as of July 29, 2022. Genesis operates in the midstream energy sector, primarily in the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) will announce its Second Quarter earnings for the period ending June 30, 2022 on July 28, 2022, prior to market opening. An earnings conference call is scheduled for the same day at 9:00 a.m. Central time. Interested parties can access the call through the Investor Relations section of Genesis Energy's website. The company operates across several sectors including offshore pipeline transportation and marine transportation, mainly in the Gulf Coast region.
Genesis Energy, L.P. (NYSE: GEL) will participate in the BofA Securities Energy Credit Conference on June 8-9, 2022, in New York, New York. This in-person event will feature presentations from the midstream energy company, which is headquartered in Houston, Texas.
Genesis Energy specializes in various midstream services, including offshore pipeline transportation and marine transportation, primarily in the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) announced the redemption of 100% of its Alkali asset-level preferred units, originally issued in 2019. This move strengthens credit support for secured lenders and unsecured bondholders. The transaction involved the sale of a 10% limited term overriding royalty interest (ORRI), generating $425 million from the issuance of senior secured notes due 2042. The funds will be utilized to complete the Granger expansion and pay down existing debt. CEO Grant Sims highlighted the simplification of corporate structure and reduced refinancing risk.
Genesis Energy, L.P. (NYSE: GEL) announced its participation in the 2022 EIC Investor Conference on May 16-17, 2022, in West Palm Beach, Florida. The conference will be held in person, providing a platform for investors to engage with the company.
Attendees can download the latest presentation materials on the Genesis Energy website under the 'Presentations' section of the Investors tab. The company, headquartered in Houston, Texas, operates in offshore pipeline transportation and other energy-related services primarily in the Gulf Coast region.
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