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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OKLAHOMA CITY--(BUSINESS WIRE)-- #DataBreach--The law firm of Federman & Sherwood has initiated an investigation into Genesis Energy, L.P. with respect to their recent data breach. On June 30, 2023, Genesis Energy, L.P. notified current and former employees that the company experienced a data breach after an unauthorized party accessed sensitive consumer data entrusted to the company. According to Genesis Energy, L.P., they determined that information stored on their servers may have been subject to unau.

Federman & Sherwood Investigates Genesis Energy, L.P. for Data Breach

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its 2022 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 through the Partner Relations support website at www.PartnerDataLink.com/Genesis or through the Quick Link on the Genesis Energy Home page at www.genesisenergy.com. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreig.

Genesis Energy L.P.'s 2022 Schedule K-3 Now Available

Genesis Energy, L.P. is a unique midstream company that operates in many sectors that peers do not. The company has significant near-term growth potential in both the traditional and green energy sectors. The company has largely addressed the debt problems that it had prior to the pandemic and is now one of the strongest companies in the industry financially.

Genesis Energy: A Unique High-Yielder In The Midstream Sector

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results. We generated the following financial results for the first quarter of 2023: Net Loss Attributable to Genesis Energy, L.P. of $1.6 million for the first quarter of 2023 compared to Net Loss Attributable to Genesis Energy, L.P. of $5.3 million for the same period in 2022. Cash Flows from Operating Activities of $97.7 million for the first quarter of 2023 compared to $54.2 million for the same per.

Genesis Energy, L.P. Reports First Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today several executive leadership promotions, effective immediately. Ryan Sims has been promoted to President and Chief Commercial Officer and Kristen Jesulaitis has been promoted to Chief Financial Officer and Chief Legal Officer. Both will report directly to Chief Executive Officer Grant Sims. Louie Nicol has been promoted to Senior Vice President and Chief Accounting Officer and will report to Kristen Jesulaitis.

Genesis Energy, L.P. Announces Executive Leadership Promotions

Genesis Energy's results continue to exceed expectations with another "beat and raise" quarter. By 2025, Genesis Energy should have enough free cash flow to pay a $2/unit distribution and retire $300 million a year in debt or preferred equity.

Genesis Energy: Thesis Getting Stronger

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Genesis Energy 4Q22 Segment Margin: beat versus the preliminary release back in January while Adjusted EBITDA was in line. Guidance Raised: From mid $700sM at the Q3 release to $780-$810M with such guidance assuming a worldwide recession.

Genesis Energy: Strongest Outlook In Years Of Covering The Company - Maintain Strong Buy

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the 2022 tax packages, including Schedule K-1s, are now available online. They may be accessed through the K-1 Partner Relations support website at www.PartnerDataLink.com/Genesis or through the Quick Link on the Home page at www.genesisenergy.com. The partnership expects to complete mailing of the 2022 Genesis Energy, L.P.

2022 K-1 Tax Packages for Genesis Energy, L.P.

Genesis Energy LP (NYSE:GEL ) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET Company Participants Dwayne Morley - VP, Business Development & IR Grant Sims - Chairman & CEO Conference Call Participants Torrey Schultz - RBC Capital Markets Operator Greetings, and welcome to the Genesis Energy LP Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode.

Genesis Energy LP (GEL) Q4 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2022: Net Income Attributable to Genesis Energy, L.P. of $42.0 million for the fourth quarter of 2022 compared to Net Loss Attributable to Genesis Energy, L.P. of $68.3 million for the same period in 2021. Cash Flows from Operating Activities of $81.8 million for the fourth quarter of 2022 compared to $95.

Genesis Energy, L.P. Reports Fourth Quarter 2022 Results

HOUSTON--( BUSINESS WIRE )--Genesis Energy, L.P. (NYSE: GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.625% senior unsecured notes due 2024 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation, expired at 5:00 p.m., New York City time, on January 24, 2023 (the “Expiration Time”). As of the Expiration Time, $316,325,000 aggregate principal amount of the outstanding Notes (92.73%) were validly tendered, which excludes $91,000 aggregate principal amount of the outstanding Notes that remain subject to guaranteed delivery procedures. The settlement date for the Notes is expected to be January 25, 2023.

Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any and All of Aggregate Principal Amount of Its 5.625% Senior Notes Due 2024

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HOUSTON--( BUSINESS WIRE )--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 5.625% senior unsecured notes due 2024 that we co-issued with our subsidiary, Genesis Energy Finance Corporation. As of January 18, 2023, $341,135,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated as of January 18, 2023, and notice of guaranteed delivery. The tender offer will expire at 5:00 p.m., New York City time, on January 24, 2023, unless extended (the “Expiration Time”). Settlement is expected to occur on January 25, 2023.

Genesis Energy, L.P. Announces Tender Offer for Any and All of Aggregate Principal Amount of Its 5.625% Senior Notes Due 2024

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Genesis Energy had a positive year featuring multiple "beat and raise" quarters and issuing healthy guidance for 2023, yet units are down 20% from earlier this year. While debt levels are a concern, they are rapidly coming under control as EBITDA grows.

My Top 2023 Pick: Genesis Energy

Genesis Energy lagged most of its midstream peers during 2021 and early 2022 that saw much faster recoveries from the severe downturn of 2020. Thankfully, the second half of 2022 is proving fruitful with their financial performance improving materially.

Genesis Energy: Positive Momentum Heading Into 2023

HOUSTON--( BUSINESS WIRE )--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Wells Fargo 21st Annual Midstream & Utilities Symposium in New York, New York. The conference is being held in person on Wednesday, December 7, 2022 and Thursday, December 8, 2022.

Genesis Energy, L.P. to Participate in the Wells Fargo 21st Annual Midstream & Utilities Symposium

HOUSTON--( BUSINESS WIRE )--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the RBC Capital Markets Midstream and Energy Infrastructure Conference in Dallas, Texas. The conference is being held in person on Wednesday, November 16, 2022 and Thursday, November 17, 2022.

Genesis Energy, L.P. to Participate in the RBC Capital Markets Midstream and Energy Infrastructure Conference

Genesis Energy, L.P. (NYSE:GEL ) Q3 2022 Earnings Conference Call October 27, 2022 10:00 AM ET Company Participants Dwayne Morley - Vice President of Business Development & Investor Relations Grant Sims - Chairman & Chief Executive Officer Conference Call Participants Michael Blum - Wells Fargo TJ Schultz - RBC Capital Markets Karl Blunden - Goldman Sachs Operator Greetings and welcome to Genesis Energy Third Quarter 2022 Earnings Conference Call.

Genesis Energy, L.P. (GEL) Q3 2022 Earnings Call Transcript

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Genesis Energy, L.P. Reports Third Quarter 2022 Results

Genesis Energy saw a disappointing start to 2022 as their cash flow performance seemingly failed to capitalize on the booming operating conditions. Thankfully, this changed during the second quarter, with their underlying cash flow performance enjoying a sizeable improvement.

Genesis Energy: Emerging Green Shoots, But Dark Clouds Forming

News for Genesis Energy Stock (GEL)