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Genesis Energy LP (GEL)

GEL on New York Consolidated

26.43USD
18 Aug 2017
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$0.12 (+0.46%)
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Latest Key Developments (Source: Significant Developments)

Genesis Energy prices public offering of senior notes
Tuesday, 8 Aug 2017 06:00am EDT 

Aug 8 (Reuters) - Genesis Energy Lp :Genesis Energy, L.P. prices public offering of senior notes.Genesis Energy LP - public offering of $550 million in aggregate principal amount of 6.50% senior unsecured notes due 2025.  Full Article

Genesis Energy LP announces public offering of senior notes
Monday, 7 Aug 2017 07:40am EDT 

Aug 7 (Reuters) - Genesis Energy Lp :Genesis Energy LP announces public offering of senior notes.Genesis Energy LP - public offering of senior notes of $550 million in aggregate principal amount of senior unsecured notes due 2025.Genesis Energy LP - ‍intend to use net proceeds from offering to fund a portion of purchase price for recently announced pending acquisition of Trona.  Full Article

Genesis Energy posts Q2 net income of $0.28 per unit
Wednesday, 2 Aug 2017 09:45pm EDT 

Aug 2 (Reuters) - Genesis Energy LP :Genesis Energy, LP reports second-quarter 2017 results.Qtrly net income attributable to Genesis Energy LP, $0.28 per unit.Genesis Energy LP- Currently expect to fund acquisition price and related transaction costs with Tronox with proceeds from sale of preferred units.Genesis Energy - expect to fund acquisition price with notes offering and/or borrowings under $1.7 billion senior secured credit facility, cash on hand.Qtrly revenues $ 406.7 million versus $446 million.Q2 earnings per share view $0.23, revenue view $480.0 million -- Thomson Reuters I/B/E/S.  Full Article

Genesis Energy says to buy Tronox Ltd's alkali business for about $1.3 bln
Wednesday, 2 Aug 2017 09:40pm EDT 

Aug 2 (Reuters) - Geensis Energy LP - :Genesis energy L.P. enters into agreement to acquire Tronox Limited's alkali business.Genesis Energy - deal value for about $1.3 billion.Genesis energy - announced it is acquiring all of Tronox's trona and trona-based exploring, mining, processing, producing, marketing and selling business.Received binding commitments for purchase of approximately $750 million of 8.75 percent class a convertible preferred units.Genesis Energy - KKR and GSO will acquire approximately 22.2 million units at a price of $33.71 per unit.Genesis Energy- received binding commitments from investment vehicles affiliated with KKR Global Infrastructure Investors II and GSO Capital Partners.Genesis Energy - stock purchase agreement with unit of tronox to buy all of trona-based exploring, mining, processing, producing, selling business.  Full Article

American Midstream to sell propane business for $170 mln
Monday, 24 Jul 2017 06:30am EDT 

July 24 (Reuters) - American Midstream Partners Lp ::American Midstream enters definitive agreement to sell propane business for $170 million; commences capital redeployment strategy.American Midstream Partners Lp - ‍partnership expects to redeploy substantially all proceeds in Q3 of 2017​.American Midstream Partners Lp - ‍maintains 2017 adjusted ebitda guidance; expects material increase in 2018​.American Midstream Partners Lp - ‍sale of partnership's propane marketing and services business to SHV Energy N.V. For $170 million in cash​.American Midstream Partners Lp - ‍through transaction, partnership will divest 100% of propane, including pinnacle propane's 40 service locations​.American Midstream Partners Lp - ‍announces acquisition of Viosca Knoll; further integrating gulf of Mexico system​.American Midstream Partners Lp - ‍acquisition of Viosca Knoll system from Genesis Energy Lp for total consideration of approximately $32 million​.  Full Article

Genesis Energy increases quarterly distribution and renames supply and logistics segment
Wednesday, 12 Jul 2017 05:30am EDT 

July 12 (Reuters) - Genesis Energy Lp :Increases quarterly distribution and renames supply and logistics segment.‍Will pay a regular quarterly distribution of $0.7225 per common unit for quarter ended June 30, 2017​.  Full Article

Genesis Energy LP says entered fifth amendment to fourth amended and restated credit agreement - SEC Filing
Monday, 15 May 2017 05:27pm EDT 

May 15 (Reuters) - Genesis Energy LP :Genesis Energy LP - Co entered fifth amendment to fourth amended and restated credit agreement - SEC Filing.Genesis Energy LP - Co also entered second amendment to fourth amended and restated guarantee and collateral agreement.Genesis Energy LP - Credit agreement amendment, among other things extends maturity date of credit facility to May 9, 2022.  Full Article

Genesis Energy reports Q1 results
Thursday, 4 May 2017 06:00am EDT 

May 4 (Reuters) - Genesis Energy Lp :Genesis Energy reports first quarter 2017 results.Genesis Energy qtrly net income attributable of $0.23 per unit.Genesis Energy qtrly revenues $ 415.5 million versus $378.4 last year.  Full Article

•Genesis Energy increases quarterly distribution
Tuesday, 11 Apr 2017 04:40pm EDT 

Genesis Energy Lp - : Genesis Energy L.P. increases quarterly distribution . Genesis Energy Lp says will pay a regular quarterly distribution of $0.72 per common unit for quarter ended march 31, 2017 .Genesis Energy Lp - new distribution represents an increase of approximately 7.1 percent over q1 2016.  Full Article

Genesis Energy L.P. announces public offering of common units
Monday, 20 Mar 2017 04:10pm EDT 

Genesis Energy Lp : Says offering 4 million common units . Intend to use net proceeds from offering for general partnership purposes . Genesis energy, L.P. announces public offering of common units .registered underwritten public offering of 4 million common units representing limited partner interests.  Full Article