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Genesis Energy LP

Genesis Energy LP (GEL)

11.12
0.14
(1.28%)
Closed March 29 04:00PM
11.12
0.00
(0.00%)
After Hours: 04:00PM

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GEL News

Official News Only

GEL Discussion

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uber darthium uber darthium 5 years ago
Bought in GEL yesterday afternoon. Didn’t short this. Let’s see how we do as I am welcomed aboard the Genesis fleet. I miss my tugboats. I got them back now. Idiot Todd at HOSed should have never sold them.
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uber darthium uber darthium 5 years ago
Maybe y’all can buy the assets of Hornbeck Offshore from HOS bankruptcy. Don’t see any other way out for Hornbeck. HOSed should have never sold their money making tugboats. Looks like y’all are putting them to good use.

HOSed has HOSed their shareholders and has become nothing more than your average penny stock promotion.

Good luck GEL. Might scoop up some shares here
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catdaddyrt catdaddyrt 5 years ago
Out @22.36 my avg was 23.56 apply dividends and I came out with 378.00 profit -terrible for a year.
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catdaddyrt catdaddyrt 5 years ago
yes still there but looking to exit here soon kinda clean up some of my smaller positions that are hanging out - gonna put more in N@L
lol
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WallStreetRocker WallStreetRocker 6 years ago
hey catdaddyrt this is off topic BUT are you out of smlp....Bought 200 smlp @ 16.70 couple days ago...What are your thoughts...Tried you on the smlp board and got no reply so i'm asking here....You can reply to me on smlp board if you wish!GLTA!!!
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catdaddyrt catdaddyrt 6 years ago
Moving up today - I am just now about even on the stock but the dividends keep coming so I don't watch the ups and downs that much.
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maryjn maryjn 6 years ago
Do you think the stock price stays around $23 or goes back to $20 because of the Q2 earnings report?


Mary
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catdaddyrt catdaddyrt 6 years ago
300@21.85
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catdaddyrt catdaddyrt 6 years ago
This is the year for Genesis 2018 will be good for many stocks -time to pick ones poison
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catdaddyrt catdaddyrt 6 years ago
.51 divi coming my way
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catdaddyrt catdaddyrt 6 years ago
600@24.42 to start the show and down it goes lol SOP
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catdaddyrt catdaddyrt 6 years ago
Insider buying of 21k shares -this I like -is Gel a jewel not sure yet but seems to be very undervalued at this time.
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ClayTrader ClayTrader 7 years ago
* * $GEL Video Chart 11-16-16 * *

Link to Video - click here to watch the technical chart video
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stocktrademan stocktrademan 8 years ago
GEL bearish 35.50

macd bearish divergence
macds crossing below 0 and averages
stochastics rolled over down
red power candle down today turning recent support and moving averages into resistances

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Timothy Smith Timothy Smith 9 years ago
Genesis Energy (NYSE:GEL) agrees to acquire the offshore pipeline and service business of Enterprise Products Partners (NYSE:EPD) for ~$1.5B.
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cjmeyer cjmeyer 9 years ago
Looking Good.Wish I would of sucked up some $43's last week before the run up
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UserAlias1 UserAlias1 9 years ago
Genesis Energy, L.P. Reports Fourth Quarter 2014 Results

Last update: 19/02/2015 7:00:01 am

Genesis Energy, L.P. Reports Fourth Quarter 2014 Results
HOUSTON--(BUSINESS WIRE)--February 19, 2015--

Genesis Energy, L.P. (NYSE:GEL) today announced its fourth quarter results. Our results for the quarter ended December 31, 2014 included the following items:

-- We generated total Available Cash before Reserves of $62.9 million in the
fourth quarter of 2014, an increase of $14.5 million, or 30.0%, from the
fourth quarter of 2013. Adjusted EBITDA increased $20.5 million, or 33.1%
over the prior year quarter, to $82.5 million. Available Cash before
Reserves and Adjusted EBITDA are non-GAAP measures that are defined and
reconciled later in this press release to the most directly comparable
GAAP financial measure, income from continuing operations.

-- We reported income from continuing operations of $26.2 million, or $0.28
per unit for the fourth quarter of 2014 compared to $16.7 million, or
$0.19 per unit, for the same period in 2013.

-- We expanded our reporting segments to five from our historical three.

-- On February 13, 2015, we paid a total quarterly distribution of $56.5
million based on our quarterly declared distribution of $0.595 per unit
attributable to our financial and operational results for the fourth
quarter of 2014. Our Available Cash before Reserves provided 1.11 times
coverage for this quarterly distribution.

-- We increased our distribution to all unitholders for the thirty-eighth
consecutive quarter, thirty-three of which have been 10% or greater over
the prior year's quarter and none less than 8.7%.

Grant Sims, CEO of Genesis Energy, said, "We delivered another solid quarter, including generating a record amount of Available Cash before Reserves of $62.9 million in the fourth quarter of 2014. Our fourth quarter of 2014 results include non-recurring charges related to our decision to exit certain third-party terminal facilities historically leased by us to support our heavy fuel oil business, including non-recurring costs of $5.0 million. Our results also include the effects of the change in our unit price on our equity-based compensation plan expense included in Available Cash before Reserves, which had a positive impact of approximately $3.5 million.

The charge we took in our heavy fuel oil business is intended to allow us to "right size" that business prospectively to match the lower volumes of blend materials currently available for us to economically handle compared to the volumes that have historically been available to us. This new market reality has resulted, primarily, from the general lightening of refineries' crude slates resulting in a better supply/demand balance between heavy refined bottoms and domestic coker and asphalt requirements. Somewhat offsetting this charge was a reduction in our equity-based compensation expenses attributable to the decrease in the market price of our common units. We accrue the anticipated cash cost under our equity-based compensation plan based upon time and performance vesting, as well as market prices at the end of any reporting period. For the fourth quarter, our accrual was based on a common unit price of $42.50 per unit, which reflects the approximate closing price at December 31, 2014. We estimate that our accrual to compensation expense in the first quarter will change approximately $375,000 for each $1 change in our unit price.

The current lower commodity price environment is highlighting some of the benefits of our strategy to primarily focus on customers further downstream in the energy value chain, like refiners (as opposed to producers). For example, refiners are the shippers of over 85% of the volumes transported on our onshore crude pipelines, and refiners contract for more than 90% of the use of our inland barges, which primarily are used to transport intermediate refined products (not crude oil) between refining complexes.

Our crude oil pipelines in the Gulf of Mexico represent the single largest departure from our "refinery-centric" customer strategy. The shippers on those pipelines are primarily integrated and large independent energy companies who have developed, and continue to explore for, numerous world-class, long-lived crude oil properties whose production is ideally suited for the vast majority of refineries along the Gulf Coast, unlike the lighter crude oil and condensates produced from numerous onshore shale plays. Those world-class properties and the related pipelines and other infrastructure needed to develop them are capital intensive and yet, we believe, economically viable, in most cases, even in this lower commodity price environment. There is a variety of data indicating this lower commodity price environment is not materially slowing exploration or development efforts relating to large reservoirs in the Gulf of Mexico to the same extent as is occurring onshore. For example, the number of mobile offshore drilling units working in the deepwater Gulf of Mexico last week was 43 versus 41 in the last week of June 2014, compared to 1,298 and 1,800 onshore land rigs in such periods, respectively.

We are pleased with the announcement of production commencing in the Lucius field in January, which will allow for additional contributions to our financial results as throughput on Poseidon ramps throughout 2015 and the minimum volumes on SEKCO are achieved and exceeded. We continue to progress on our projects in Louisiana, stretching from Port Hudson, through Baton Rouge, and south to Raceland, all designed to provide services for multiple refining complexes in Louisiana. Although a small portion of that infrastructure is in operation, we would not expect to see meaningful volumes until those facilities are completed in the second half of 2015. We are also pleased to announce that we have completed the integration of the M/T American Phoenix into our marine transportation operations.

In spite of this lower commodity price environment, our businesses are performing well, and we expect them to continue to do so. We are being well-served by our business strategies, including being primarily refinery-centric and supporting world-class oil developments of integrated and large independent energy companies operating in the deepwaters of the Gulf of Mexico. Our business strategies, coupled with our complementary acquisitions and growth projects that will be ramping up throughout 2015, should position us well to continue to achieve our goals of delivering low double-digit growth in distributions, an increasing coverage ratio and an investment grade leverage ratio, all without ever losing our cultural focus on providing safe, responsible and reliable services."

Financial Results

Available Cash before Reserves was $62.9 million in the fourth quarter of 2014 (or "2014 Quarter"). The primary components impacting Available Cash before Reserves are Segment Margin, corporate general and administrative expenses (excluding certain non-cash charges), interest expense and maintenance capital utilized. Our fourth quarter results include $5.0 million of non-recurring charges attributable to "right sizing" our heavy fuel oil business, as described above. Those non-recurring charges relate to accruals for rent, termination and facility cleaning obligations under certain storage facility leases from third-parties. Our results also include the effects of the change in our unit price on our equity-based compensation expense included in Available Cash before Reserves, approximately one-third of which is allocated to Segment Margin and two-thirds of which is reflected in corporate general and administrative expense and which had an overall positive impact of approximately $3.5 million.

Beginning with the fourth quarter of 2014, we will be reporting our results on a comparative basis in five business segments. Our previously reported pipeline segment will be reported in two segments, one containing the results of our onshore pipelines and the other containing the results of our offshore pipelines. Additionally, due to the growth of our marine business, we will report those results separately from the remaining businesses in our supply and logistics segment.

Variances from the fourth quarter of 2013 (or "2013 Quarter") in these components are explained as follows:

Segment Margin

Segment Margin (a non-GAAP measure) is defined below and reconciled later in this press release to income from continuing operations.

Segment results for the fourth quarters of 2014 and 2013 were as follows:

Three Months Ended
December 31,
----------------------
2014 2013
------------ --------
(in thousands)
Onshore pipeline transportation $ 14,657 $ 14,326
Offshore pipeline transportation 25,094 13,041
Refinery services 20,497 19,537
Marine transportation 24,727 17,820
Supply and logistics 7,467 8,305
------------ --------
Total Segment Margin (1) $ 92,442 $ 73,029
======== =======


(1) We define Segment Margin, which is a "non-GAAP" measure because it is
not contemplated by or referenced in accounting principles generally
accepted in the U.S., also referred to as GAAP, as revenues less
product costs, operating expenses (excluding non-cash charges, such as
depreciation and amortization), and segment general and administrative
expenses, plus our equity in distributable cash generated by our equity
investees. In addition, our Segment Margin definition excludes the
non-cash effects of our stock appreciation rights plan and includes the

(MORE TO FOLLOW) Dow Jones Newswires

February 19, 2015 07:00 ET (12:00 GMT)
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cjmeyer cjmeyer 9 years ago
Not too active here!
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$King $King 11 years ago
GEL @ 32.25

owns IRCE 28 mile gas pipeline

Interline

IRCE @ .0021

Genesis Energy
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Timothy Smith Timothy Smith 11 years ago
Genesis Energy, L.P. and Genesis Energy Finance Corporation Announce Commencement of Exchange Offer for Senior Notes Due 2018

Oct 15, 2012 3:32:00 PM
Copyright Business Wire 2012
HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) and Genesis Energy Finance Corporation (together, the “Issuers”) announced today that they have commenced an exchange offer of up to $100 million aggregate principal amount of their 77/8% Senior Notes due 2018 (the “New Notes”) that have been registered under the Securities Act of 1933, as amended (the “Act”), for an equal amount of their outstanding 77/8% Senior Notes due 2018 issued upon original issue on February 1, 2012 that have not been registered under the Act (the “Old Notes”).

The New Notes will have terms that are identical in all material respects to the terms of the Old Notes, except that the New Notes will be registered under the Act and will not have any of the transfer restrictions, registration rights or additional interest relating to the Old Notes. The Issuers will not receive any proceeds for the exchange offer.

The exchange offer will expire at 5:00 p.m. (New York City time) on November 13, 2012, unless extended. This announcement is for informational purposes only and is not an offer to purchase or a solicitation of an offer to purchase any securities. The exchange offer is being made solely by the Issuers’ prospectus, dated October 15, 2012, with respect to the exchange offer and the related letter of transmittal. Copies of the prospectus and letter of transmittal may be obtained from U.S. Bank National Association, the exchange agent for the exchange offer, U.S. Bank National Association, Corporate Trust Services, 5555 San Felipe Street, Suite 1150, Houston, TX 77056, Attention: Steven A. Finklea, (713) 235-9208.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.

This press release includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially, including if the Issuers do not complete the exchange offer on the terms currently described in the prospectus or at all, as a result of a change in market conditions for corporate debt securities or the unwillingness of note holders to exchange their Old Notes for New Notes having the terms currently proposed. We undertake no obligation to publicly update or revise any forward-looking statement.



Genesis Energy, L.P.

Bob Deere, (713) 860-2516

Chief Financial Officer

Source: Genesis Energy, L.P.


----------------------------------------------

Genesis Energy
L.P.

Bob Deere
(713) 860-2516

Chief Financial
Officer








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Timothy Smith Timothy Smith 12 years ago
Genesis Energy, L.P. Increases Quarterly Distribution

Jul 9, 2012 6:10:00 AM
Copyright Business Wire 2012
HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE:GEL) announced today that it will pay a regular quarterly distribution of $0.46 per Common Unit for the quarter ended June 30, 2012. The distribution will be paid on August 14, 2012, to Common Unitholders of record at the close of business on August 1, 2012. This distribution represents an increase of approximately 10.8% over the second quarter 2011 quarterly distribution of $0.415 per unit, and an approximate 2.2% increase over the distribution paid with respect to the first quarter of 2012. This is the twenty-eighth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, twenty-three of those quarterly increases have been 10% or greater year-over-year.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.



Genesis Energy, L.P.

Bob Deere, 713-860-2516

Chief Financial Officer

Source: Genesis Energy, L.P.


----------------------------------------------

Genesis Energy
L.P.

Bob Deere
713-860-2516

Chief Financial
Officer








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Timothy Smith Timothy Smith 12 years ago
Market gave a 3% kicker today. I likkke that!Genesis Energy, L.P. Increases Quarterly Distribution

Jul 9, 2012 6:10:00 AM

HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE:GEL) announced today that it will pay a regular quarterly distribution of $0.46 per Common Unit for the quarter ended June 30, 2012. The distribution will be paid on August 14, 2012, to Common Unitholders of record at the close of business on August 1, 2012. This distribution represents an increase of approximately 10.8% over the second quarter 2011 quarterly distribution of $0.415 per unit, and an approximate 2.2% increase over the distribution paid with respect to the first quarter of 2012. This is the twenty-eighth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, twenty-three of those quarterly increases have been 10% or greater year-over-year.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include pipeline transportation, refinery services and supply and logistics. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil and carbon dioxide. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations. The Supply and Logistics Division is engaged in the transportation, storage and supply and marketing of energy products, including crude oil, refined products, and certain industrial gases. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida and the Gulf of Mexico.
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SCREAMING EAGLE SCREAMING EAGLE 12 years ago
They have a great plan moving forward.
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WildcatDriller WildcatDriller 12 years ago
The more of these MLP's that I see, the more that I like them. Way better than a CD.
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SCREAMING EAGLE SCREAMING EAGLE 12 years ago
I find nothing not to like here!
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SCREAMING EAGLE SCREAMING EAGLE 12 years ago
It is very hard to beat a company that offers a unitholder both long tern growth and solid imcome.
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SCREAMING EAGLE SCREAMING EAGLE 12 years ago
It offers the typical advantages of a MLP. All of which I love.
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SCREAMING EAGLE SCREAMING EAGLE 12 years ago
This is another MLP that I have become impressed with.
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OilStockReport OilStockReport 13 years ago
Market cap of $1.03B. Analyst rating at 1.8. Call open interest at 1,831 vs. put open interest at 794 (Put/Call ratio at 0.43). Institutional investors currently own 10,755,163 vs. 10,425,765 shares held 3 months ago (+3.16% change). The stock has gained 61.6% over the last year.
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OilStockReport OilStockReport 13 years ago

Genesis Energy LP said Monday it will pay $330 million in cash to buy Valero Energy Corp.’s 50% equity interest in the Cameron Highway Oil Pipeline partnership.

“We believe that Cameron Highway is an attractive investment underpinned by the cash flows tied to large, dedicated anchor fields, the majority of which are not yet fully developed, and it has capacity and is geographically positioned to benefit from future midstream service opportunities,” the Houston firm said.
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Esyn Esyn 16 years ago
going to explode tomorrow - easy cash @ GEL FD for .90


Buy all you can....
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Golden Cross Golden Cross 18 years ago
Genesis Energy, L.P. Announces Increase in Distribution to $0.19
Tuesday July 18, 8:45 am ET


HOUSTON--(BUSINESS WIRE)--July 18, 2006--Genesis Energy, L.P. (AMEX:GEL - News) announced today that it will pay a regular quarterly distribution of $0.19 per Common Unit on August 14, 2006, to Common Unitholders of record at the close of business on July 31, 2006. This distribution represents an increase of approximately 5.6% over the May 2006 distribution of $0.18 and an increase of approximately 27% over the August 2005 distribution of $0.15. This is the fourth consecutive quarter in which Genesis has increased the distribution by $0.01 per unit.
Genesis Energy, L.P. operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida and Mississippi. Genesis Energy, L.P. also operates an industrial gas business.



Contact:
Genesis Energy, L.P., Houston
Ross A. Benavides, 713-860-2528

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Golden Cross Golden Cross 18 years ago
Genesis Energy ups quarterly payout
Tuesday July 18, 11:36 am ET


Genesis Energy LP has increased its regular quarterly distribution to 19 cents per common unit, a jump of 5.6 percent over the May distribution of 18 cents per unit.
The distribution will be paid on Aug. 14 to common unitholders of record at the close of business on July 31.

The payout is an increase of about 27 percent over the August 2005 distribution of 15 cents per unit.

Based in Houston, Genesis (Amex: GEL - News) operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America.

Published July 18, 2006 by the Houston Business Journal

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Golden Cross Golden Cross 18 years ago
Webcast Alert: Genesis Energy, L.P. Presentation at Informed Investors Energy/Oil/Gas Stocks On-line Forum to be Webcast on Thursday, May 11, 2006, 9:30 am ET
Tuesday May 2, 9:08 am ET


HOUSTON--(BUSINESS WIRE)--May 2, 2006--Genesis Energy, L.P. (AMEX:GEL - News) will present at the following forum:
ADVERTISEMENT





What: Genesis Energy, L.P. (AMEX: GEL - News) will give a presentation at Informed Investors Energy/Oil/Gas Stocks On-line Forum.

When: May 11, 2006 @ 9:30 AM Eastern Time

Where: http://www.informedinvestors.com/IIF/IIF_Forum.asp?ForumID=97495

How: Live over the Internet--Simply log on to the web at the address above.

Contact: Ross Benavides, Chief Financial Officer, 713-860-2528; rbenavides@genesiscrudeoil.com

If you are unable to attend the live event, the forum will be available via webcast at http://www.informedinvestors.com/IIF/IIF_Forum.asp?ForumID=97495

Genesis Energy, L.P. engages in gathering, marketing, and transportation of crude oil and natural gas; and wholesale marketing of carbon dioxide (CO2) in North America. The company operates in three segments: Crude Oil Gathering and Marketing; Pipeline Transportation; and CO2 Marketing. The Crude Oil Gathering and Marketing segment purchases and sells crude oil at various points along the distribution chain. This segment also provides crude oil gathering services through a fleet of 51 leased tractor-trailers. The Pipeline Transportation segment engages in interstate and intrastate crude oil, natural gas, and CO2 pipeline transportation. Its pipelines and related gathering systems consist of the 90-mile Texas system, the 100-mile Jay System, and the 280-mile Mississippi System. The CO2 marketing segment sells CO2 to industrial customers. Genesis Energy operates primarily in Texas, Louisiana, Alabama, Florida, and Mississippi in the United States. The company is headquartered in Houston, Texas.

Genesis Energy, L.P., operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, and Mississippi. Genesis Energy, L.P. also operates an industrial gas business. Genesis conducts its business through three operating segments: (1) Pipeline Transportation - interstate and intrastate transportation of crude oil, natural gas and CO2; (2) Industrial Gases - the sale of CO2 acquired under volumetric production payments to industrial customers and an investment in a syngas processing facility, and (3) Crude Oil Gathering and Marketing - the purchase and sale of crude oil at various points along the distribution chain. The company is headquartered in Houston, Texas.



Contact:
WILink/Informed Investors
Nancy Christman, 804-327-3410; nchristman@wilink.com
Web site: http://www.informedinvestors.com

--------------------------------------------------------------------------------

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Golden Cross Golden Cross 18 years ago
Shares Outstanding: 13.78M
Float: 12.70M
% Held by Insiders4: 10.10%
% Held by Institutions4: 20.90%

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Golden Cross Golden Cross 18 years ago
Genesis Energy, L.P. engages in the gathering, marketing, and transportation of crude oil, as well as in wholesale marketing of carbon-dioxide (CO2). The company also engages in the interstate and intrastate pipeline transportation of crude oil, natural gas, and CO2. In addition, the company sells acquired CO2 to industrial customers. As of December, 31, 2005, its pipelines and related gathering systems consisted of 90-mile Texas system, the 100-mile Jay System, and the 230-mile Mississippi System. The company primarily operates in Texas, Louisiana, Alabama, Florida, and Mississippi. Genesis Energy, Inc. serves as the general partner of the company. Genesis Energy was founded in 1996 and is based in Houston, Texas.
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Golden Cross Golden Cross 18 years ago
1y Target Est: 16.00
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Golden Cross Golden Cross 18 years ago
Genesis Energy Raises Quarterly Dividend
Thursday April 20, 11:43 am ET
Genesis Energy Raises Quarterly Dividend to 18 Cents From 17 Cents


HOUSTON (AP) -- Oil company Genesis Energy LP on Thursday raised its quarterly dividend by a penny, or 5.9 percent, to 18 cents per unit.
The dividend will be paid on May 15 to unitholders of record on May 2. Last quarter's dividend was 17 cents per common unit.

Shares of Genesis Energy rose 14 cents to $12 in morning trading on the American Stock Exchange.

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Golden Cross Golden Cross 18 years ago
Genesis Energy, L.P. Announces Increase in Distribution to $0.18
Thursday April 20, 9:00 am ET


HOUSTON--(BUSINESS WIRE)--April 20, 2006--Genesis Energy, L.P. (AMEX:GEL - News) announced today that it will pay a regular quarterly distribution of $0.18 per Common Unit on May 15, 2006, to Common Unitholders of record at the close of business on May 2, 2006. This distribution represents an increase of approximately 5.9% over the February 2006 distribution of $0.17 and an increase of 20% over the May 2005 distribution of $0.15.
Genesis Energy, L.P. operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida and Mississippi. Genesis Energy, L.P. also operates an industrial gas business.



Contact:
Genesis Energy, L.P., Houston
Ross A. Benavides, 713-860-2528

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Golden Cross Golden Cross 18 years ago
Genesis Energy, L.P. Sets Date for Release of First Quarter Earnings and Conference Call
Monday April 24, 10:42 am ET


HOUSTON--(BUSINESS WIRE)--April 24, 2006--Genesis Energy, L.P. (AMEX:GEL - News) announced today that its first quarter earnings will be released May 3, 2006, before the market opens.
ADVERTISEMENT


Genesis Energy, L.P.'s First Quarter Earnings Announcement Conference Call will be held Wednesday, May 3, 2006, at 2:00 p.m. Central. This call can be accessed at www.genesiscrudeoil.com. Choose the Investor Relations button. Listeners should go to this website at least fifteen minutes before this event to download and install any necessary audio software. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after the event.

Genesis Energy, L.P., operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida, and Mississippi. Genesis Energy, L.P. also operates an industrial gas business.



Contact:
Genesis Energy, L.P., Houston
Ross A Benavides, 713-860-2528

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