Key Details
Price
$11.56Last Dividend
$0.17Annual ROE
6.75%Beta
0.81Events Calendar
Next earnings date:
Feb 14, 2025Recent quarterly earnings:
Oct 30, 2024Recent annual earnings:
Feb 15, 2024Next ex-dividend date:
N/ARecent ex-dividend date:
Oct 31, 2024Next split:
N/ARecent split:
Apr 04, 2013Analyst ratings
Recent major analysts updates
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Efficiency
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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 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, 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.
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.
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.
Finding undervalued growth stocks in the middle of a bull market is no easy task. By definition, they are investments rising in value over time.
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.
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. (NYSE: GEL) will release its first quarter earnings for the period ending March 31, 2024 on May 2, 2024 before the market opens. The First Quarter Earnings Conference Call will take place on May 2, 2024 at 9:00 a.m. Central time (10:00 a.m. Eastern time). The call can be accessed at https://www.genesisenergy.com/investors/events-and-presentations. A replay will be available for those unable to attend the live broadcast.
Genesis Energy is set to benefit from two major projects, including the expansion of its soda ash facility and the SYNC Pipeline and CHOPs expansion project in the GoM. The company will be a huge beneficiary when the soda ash market eventually rebounds. While the stock carries risk due to its balance sheet and exposure to soda ash prices, it looks like a solid speculative "Buy."
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