Genesis Energy

Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment. The Sodium Minerals and Sulfur Services segment comprises Alkali and sulfur removal business. The Onshore Facilities and Transportation segment owns and leases suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading. The Marine Transportation segment provides transportation services by tank barge primarily for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil. The company was founded in 1996 and is headquartered in Houston, TX.

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Genesis Energy reports robust Q4 earnings, eyes growth opportunities

Genesis Energy's Q4 2022 performance reflects financial strength and operational resilience, with a focus on improving leverage and capital structure. The company is optimistic about 2023, aiming to capitalize on growth opportunities in its core business segments and enhance shareholder value through potential capital returns.

Genesis Energy resilient in Q1 amidst challenges, eyes growth

Genesis Energy faced challenges in Q1 2023 due to cold weather impacting soda ash business, but reaffirmed its financial guidance, showcasing resilience and confidence.
The company's strong balance sheet, focus on long-term value creation, and positive performance in key segments position it well for future growth and profitability.
While challenges persist, opportunities in the transitioning soda ash market and strong performance in key segments offer avenues for continued success and value creation.
Management changes and ESG commitments underscore the company's strategic focus on sustainable growth and value creation, aligning with evolving market trends and investor preferences.

Genesis Energy surpasses Q2 expectations, anticipates significant cash flow growth

Genesis Energy delivered strong Q2 results, exceeding expectations and adjusting full-year guidance upwards. While facing challenges in some segments, the company remains optimistic about long-term prospects and anticipates significant cash flow growth. Genesis is focused on completing its capital program and enhancing shareholder returns.

Genesis Energy (GEL) surpasses Q3 expectations, eyes long-term growth

Genesis Energy's Q3 performance exceeded expectations, with a strong focus on long-term growth and value creation across its diversified business segments.
Despite short-term challenges in pricing and lease issues, the company remains optimistic about its fundamentals and is committed to returning value to stakeholders.
With a strategic approach to capital allocation and a resilient business model, Genesis Energy is poised for sustained growth and value creation in the future.

Genesis Energy (GEL) exceeds EBITDA guidance, eyes long-term growth

Genesis Energy's Q4 2023 earnings call highlighted strong financial performance, challenges in the soda ash business, and a focus on long-term value creation. Despite facing pricing pressures, the company remains optimistic about future growth opportunities and is committed to enhancing shareholder value.

Genesis Energy reports strong Q1 earnings, eyes improved pricing

Genesis Energy's Q1 2024 earnings call highlighted solid performance in Offshore Pipeline and Marine Transportation segments. Challenges persist in the Soda and Sulfur Services segment, with opportunities for improved pricing. Management's focus on financial strength and capital allocation positions the company well for future growth.

Genesis Energy projects strong growth, diversification drives resilience

Genesis Energy is poised for strong financial performance and growth, with a focus on long-term value creation and shareholder rewards.
Despite challenges in the Offshore segment, the company's diversified business model and strategic priorities support resilience and opportunity.
Opportunities for growth exist in new developments, improved market dynamics, and efficient capital allocation strategies.
Overall, Genesis Energy's performance, strengths, and opportunities outweigh challenges, positioning the company for sustained success and value creation.

Genesis Energy faces challenges but eyes growth in 2025

Genesis Energy navigated challenges in Q3 2024, with a focus on improving financial performance by year-end and anticipating growth in 2025.
Despite hurdles in the Offshore and Soda and Sulfur Services segments, the company remains committed to safe operations and long-term value creation.
Efforts to evaluate cost-cutting measures and generate excess cash flow by 2025 position Genesis Energy for future growth and financial stability.
Management's confidence in overcoming current challenges and delivering on financial goals underscores the company's resilience and strategic focus.

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that receipt of tenders for an aggregate principal amount of $877,967,000 of our outstanding 8.0% senior notes due 2027 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation in connection with its previously announced cash tender offer (such transaction, the “Tender Offer”) to purchase up to $575 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City.

Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Up to $575 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium in New York City on December 10-11, 2024. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnersh.

Genesis Energy, L.P. to Participate in Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today, in connection with our previously announced cash tender offer (the “Tender Offer”) for our 8.0% Senior Notes due 2027 ( “Notes”), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the “Tender Offer Cap”), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as ame.

Genesis Energy, L.P. Announces Increase to Previously Announced Tender Offer for its 8.0% Senior Notes due 2027

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.000% senior notes due 2033 (the “notes”). The offering of the notes was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initia.

Genesis Energy, L.P. Upsizes and Prices Public Offering of Senior Notes

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase up to $385 million (the “Tender Cap”) of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the “Tender Offer”). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made.

Genesis Energy, L.P. Announces Tender Offer for up to $385 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033 (the “notes”). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed by all of our subsidiaries, other than our unrestricted subsidiaries. We intend to use the net proceeds from this of.

Genesis Energy, L.P. Announces Public Offering of Senior Notes

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the company's 2023 Sustainability Report is now available and can be accessed on the Company's website at https://www.genesisenergy.com/sustainability. The report shares our progress in the advancement of our corporate sustainability program and provides a review of Genesis Energy's performance for calendar year 2023 against various sustainability topics and metrics that are important to our industry and our busines.

Genesis Energy, L.P. Releases 2023 Sustainability Report

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Genesis Energy recently posted disappointing results for Q3 2024 as they faced various short-term headwinds. Despite hurting their unit price, they still have long-term potential for significant distribution growth. Based upon their guidance for 2025 and beyond, their distributions could potentially double or more once they complete their major spending program.

Genesis Energy: Short-Term Headwinds, Long-Term Potential

Genesis Energy, L.P. (NYSE:GEL ) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chief Executive Officer Kristen Jesulaitis - Chief Financial Officer and CLO Ryan Sims - President and CCO Louie Nicol - Chief Accounting Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Elvira Scotto - RBC Capital Markets Operator Greetings and welcome to the Genesis Energy L.P.

Genesis Energy, L.P. (GEL) Q3 2024 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its third quarter results. We generated the following financial results for the third quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $17.2 million for the third quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the same period in 2023. Cash Flows from Operating Activities of $87.3 million for the third quarter of 2024 compared to $141.0 million for the sam.

Genesis Energy, L.P. Reports Third Quarter 2024 Results

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 September 30, 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.

Genesis Energy, L.P. Declares Quarterly Distribution

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference in Las Vegas, NV on August 13-14, 2024. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnersh.

Genesis Energy, L.P. to Participate in Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $8.7 million for the second quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the same period in 2023. Cash Flows from Operating Activities of $104.7 million for the second quarter of 2024 compared to $157.7 million for the.

Genesis Energy, L.P. Reports Second Quarter 2024 Results, Announces a Distribution Increase Attributable to the Third Quarter 2024, And Discusses Future Capital Allocation Priorities

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Second Quarter ended June 30, 2024 on August 1, 2024, before the market opens. Genesis Energy, L.P.'s Second Quarter Earnings Conference Call will be held Thursday, August 1, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at https://www.genesisenergy.com/investors/events-and-presentations. For those unable to attend the live broadcast, a replay will be available be.

Genesis Energy, L.P. Sets Date for Release of Second Quarter Results and Conference Call

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that on July 19, 2024, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with $900 million in commitments from both existing and new lenders with an initial maturity date of September 1, 2028. The relevant covenants contained in the new facility will remain materially similar to those in the previous revolving credit facility, although, prospectively, the partnership.

Genesis Energy, L.P. Extends Its Existing Secured Credit Facility into September 2028

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its 2023 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 at www.taxpackagesupport.com/Genesis or through the “K-1 Tax Information” link on the Genesis Energy Home page at www.genesisenergy.com. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax re.

Genesis Energy L.P.'s 2023 Schedule K-3 Now Available

WESTPORT, Conn.--(BUSINESS WIRE)--Effective July 1, 2024, American Natural Soda Ash Corporation (“ANSAC”) announced today that it is raising export prices US$25.00/MT on all non-contract sales of soda ash, and on contracted sales when contracts allow. “We are seeing a tightening of the global soda ash supply environment, leading to an increase in demand for our soda ash,” said ANSAC President Jeffrey Jacobson. For additional information customers are asked to contact their local ANSAC sales rep.

ANSAC Increases Export Prices by US$25.00 per Metric Ton

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the following conferences: 2024 RBC Capital Markets Global Energy, Power & Infrastructure Conference in New York City on June 4-5, 2024 2024 BofA Securities Energy Credit Conference in New York City on June 5-6, 2023 The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentati.

Genesis Energy, L.P. to Participate in Investor Conferences

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the 21st Annual Energy Infrastructure CEO & Investor Conference on Wednesday, May 22 and Thursday, May 23, 2024 in Aventura, Florida. The latest presentation materials are available and may be accessed under the Investors tab on the Genesis website. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis' operati.

Genesis Energy, L.P. to Participate in the 21st Annual Energy Infrastructure CEO & Investor Conference

Genesis Energy, L.P. Class A Common Units (NYSE:GEL ) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chairman & Chief Executive Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Operator Greetings and welcome to the Genesis Energy LP First Quarter 2024 Earnings Conference Call.

Genesis Energy, L.P. Class A Common Units (GEL) Q1 2024 Earnings Call Transcript

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