HOUSTON--(BUSINESS WIRE)--Genesis Energy LP (NYSE: GEL) today announced an update on its recent and near-term expected deployment of the approximately $1.010 billion in cash, net of estimated transaction costs and expenses, it received on Friday, February 28, 2025, from the sale of its Alkali Business. In summary, Genesis has: Paid its senior secured revolving credit facility to zero which will result in saving approximately $25 million in annual cash interest expense; Called the remaining 8.0%.
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the 2024 tax packages, including Schedule K-1s, are now available online. The 2024 tax package may be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/Genesis or through the K-1 Tax Information link on our website at www.genesisenergy.com. The partnership expects to complete mailing of the 2024 Genesis Energy, L.P. tax packages by Tuesday, March 11th, 2025. For additional information.
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it will redeem the entire outstanding principal amount of its 8.0% senior notes due 2027 (the “Notes”) that were co-issued with its subsidiary, Genesis Energy Finance Corporation. As of March 3, 2025, $406,245,000 in aggregate principal amount of the Notes were outstanding. The redemption date for the Notes is April 3, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption pr.
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. A copy of this Form 10-K may be found on the Partnership's website at https://www.genesisenergy.com/investors/sec-filings. A hard copy of the Form 10-K may be requested free of charge by emailing [email protected]. Genesis Energy, L.P. is a diversified midstream energy master.
Genesis Energy said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion.
Genesis Energy is nearing an inflection point with major capital projects nearly complete, leading to reduced capex and increased free cash flow. Management's focus on cost-cutting and debt reduction positions the company for higher distributions and improved financial health. With a projected adjusted EBITDA of $700 million in 2025, management has a clear pathway to improve the balance sheet.
Vancouver, British Columbia--(Newsfile Corp. - February 18, 2025) - Graphano Energy Ltd. (TSXV: GEL) (OTC Pink: GELEF) (FSE: 97G0) ("Graphano" or the "Company") is pleased to provide a market update regarding its ongoing exploration, resource development, and strategic initiatives as it advances its graphite assets - the Lac Aux Bouleaux, Standard Mine, and Black Pearl Projects - in Québec, Canada.
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 2024: Net Loss Attributable to Genesis Energy, L.P. of $49.4 million for the fourth quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $12.0 million for the same period in 2023. Cash Flows from Operating Activities of $74.0 million for the fourth quarter of 2024 compared to $124.8 million for the.
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 December 31, 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 p.
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.