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) has initiated a public offering of $400 million in senior unsecured notes due 2030. This offering will be co-issued with its subsidiary, Genesis Energy Finance Corporation, and guaranteed by most subsidiaries. The funds will primarily be used to redeem existing 5.625% senior unsecured notes due 2024 and to pay accrued interests. Additionally, the remainder will finance general partnership activities, including debt repayment. Wells Fargo Securities, LLC is leading the offering, which follows SEC regulations and is not an offer to purchase the notes directly.
Genesis Energy, L.P. (NYSE: GEL) announced a cash distribution on its common units and Class A Convertible Preferred Units for the quarter ending December 31, 2022. Holders of common units will receive $0.15 per unit, translating to an annualized rate of $0.60, while preferred unit holders will receive $0.9473 per unit ($3.7890 annualized). These distributions will be paid on February 14, 2023, to those on record by January 31, 2023. The company operates primarily in the Gulf Coast region and is subject to federal income tax withholding for foreign investors.
Genesis Energy, L.P. (NYSE: GEL) will participate in the Wells Fargo 21st Annual Midstream & Utilities Symposium on December 7-8, 2022, in New York City. The event will take place in person, providing an opportunity for stakeholders to engage directly with the company. Genesis Energy, a diversified midstream energy master limited partnership based in Houston, Texas, focuses on offshore pipeline transportation, sodium minerals, sulfur services, and marine transportation, primarily within the Gulf Coast region and Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) will participate in the RBC Capital Markets Midstream and Energy Infrastructure Conference in Dallas, Texas on November 16-17, 2022. The event will be held in person, offering insights into the midstream energy sector. Interested parties can download the latest presentation materials from Genesis Energy's website under the 'Presentations' section in the Investors tab.
Based in Houston, Texas, Genesis Energy operates in the Gulf Coast region, Wyoming, and the Gulf of Mexico.
Genesis Energy, L.P. (NYSE: GEL) reported a net income of $3.4 million for Q3 2022, a significant recovery from a net loss of $20.9 million in Q3 2021. Operating cash flows increased to $94.3 million from $54.2 million year-over-year. Adjusted EBITDA reached $183.6 million, exceeding expectations, while total segment margin rose to $196.2 million. The company has raised its full-year Adjusted EBITDA guidance to $700-$710 million, anticipating strong performance amid a tight soda ash market and growth from offshore operations.
Genesis Energy, L.P. (NYSE: GEL) will report its earnings for the Third Quarter ended September 30, 2022, on October 27, 2022, before the market opens. The earnings conference call is scheduled for the same day at 9:00 a.m. Central time (10:00 a.m. Eastern). Investors can access the call through Genesis Energy's website. The company is a midstream energy master limited partnership based in Houston, Texas, with operations including offshore pipeline transportation, sodium minerals, and sulfur services.
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.
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