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Genesis Energy LP (GEL)

GEL on New York Consolidated

22.51USD
15 Dec 2017
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Latest Key Developments (Source: Significant Developments)

Genesis Energy, L.P. Prices Public Offering Of Senior Notes
Monday, 4 Dec 2017 04:58pm EST 

Dec 4 (Reuters) - Genesis Energy Lp ::GENESIS ENERGY, L.P. PRICES PUBLIC OFFERING OF SENIOR NOTES.GENESIS ENERGY LP - HAS PRICED A PUBLIC OFFERING OF $450 MILLION 6.25% SENIOR UNSECURED NOTES DUE 2026.GENESIS ENERGY LP - PRICE TO INVESTORS WILL BE 100% OF PRINCIPAL AMOUNT OF NOTES.  Full Article

Genesis Energy LP Announces Tender Offer For Any And All Of Aggregate Principal Amount Of Its 5.750 Pct Senior Notes Due 2021
Monday, 4 Dec 2017 07:22am EST 

Dec 4 (Reuters) - Genesis Energy Lp ::GENESIS ENERGY, L.P. ANNOUNCES TENDER OFFER FOR ANY AND ALL OF AGGREGATE PRINCIPAL AMOUNT OF ITS 5.750% SENIOR NOTES DUE 2021.GENESIS ENERGY LP- TENDER OFFER WILL EXPIRE AT 5:00 P.M., NEW YORK CITY TIME, ON DECEMBER 8, 2017.GENESIS ENERGY - AS OF DEC 4, $350 MILLION AGGREGATE PRINCIPAL AMOUNT OF NOTES WERE OUTSTANDING.  Full Article

Genesis Energy LP Announces Public Offering Of Senior Notes
Monday, 4 Dec 2017 07:21am EST 

Dec 4 (Reuters) - Genesis Energy LP ::GENESIS ENERGY, L.P. ANNOUNCES PUBLIC OFFERING OF SENIOR NOTES.GENESIS ENERGY LP - COMMENCED REGISTERED, UNDERWRITTEN PUBLIC OFFERING OF $450 MILLION IN AGGREGATE PRINCIPAL AMOUNT OF SENIOR UNSECURED NOTES DUE 2026.GENESIS ENERGY - TO USE PORTION OF NET PROCEEDS TO FUND PURCHASE PRICE, ACCRUED AND UNPAID INTEREST FOR ALL OF 5.750% SENIOR UNSECURED NOTES DUE 2021​.  Full Article

Genesis Energy Q3 ‍revenues $486.11 mln versus $460.05 mln​
Friday, 3 Nov 2017 06:00am EDT 

Nov 3 (Reuters) - Genesis Energy LP :Genesis Energy LP reports third quarter 2017 results.Genesis Energy LP - qtrly ‍net income attributable to Genesis Energy, LP Of $6.3 million generating $0.01 of net income per common unit​.Genesis Energy LP - ‍quarterly results were negatively impacted by a number of events such as Hurricane Harvey​.Genesis Energy LP - qtrly ‍revenues $486.114 million versus $460.050 million​.Genesis Energy LP - ‍targeting leverage ratios approaching 4.75, 4.25 and 3.75 times for year ends 2018, 2019 and 2020, respectively​.  Full Article

ExxonMobil acquires a crude oil terminal in Texas from Genesis Energy
Wednesday, 18 Oct 2017 01:54pm EDT 

Oct 18 (Reuters) - Exxon Mobil Corp ::ExxonMobil acquires crude oil terminal to serve growing Permian Basin production.has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP​.  Full Article

Genesis Energy LP confirms previous financial guidance and plans to further enhance its balance sheet and financial flexibility by reallocating capital
Thursday, 12 Oct 2017 06:00am EDT 

Oct 12 (Reuters) - Genesis Energy LP :Genesis Energy, L.P. confirms previous financial guidance and plans to further enhance its balance sheet and financial flexibility by reallocating capital.Genesis Energy LP - ‍Has completed a review of its previously disclosed financial guidance​.Genesis Energy LP - ‍Beginning with quarter ending Dec 31, 2017, expects grow quarterly distribution by no less than $0.01 per common unit, per quarter​.Genesis Energy LP - ‍Beginning with quarter ended Sept 30, target distribution coverage of new distribution profile of 1.40 to 1.60 times on a cash basis​.  Full Article

Genesis Energy says ‍experienced minimal operational disruptions due to Hurricane Harvey
Monday, 28 Aug 2017 03:40pm EDT 

Aug 28 (Reuters) - Genesis Energy Lp :Genesis Energy, L.P. Operational update.‍Due to hurricane harvey, has experienced minimal operational disruptions that are temporary in nature​.Genesis energy - ‍as a result of hurricane approximately 30-35% of volumes were diverted from CHOPS to Poseidon with remaining volumes temporarily shut-in​.All operational impacts expected to be short-term and to have less than a 2% effect on co's otherwise expected quarterly results​.‍Genesis expects to resume operations on Cameron Highway Oil Pipeline System potentially as early as the afternoon ​of Aug 28.  Full Article

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