GENESIS ENERGY L.P. overview

Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at Wells Fargo’s 23rd Annual Midstream, Energy & Utilities Symposium in New York City on December 10-11, 2024. The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in...

Genesis Energy, L.P. (NYSE: GEL) announced today, in connection with our previously announced cash tender offer (the “Tender Offer”) for our 8.0% Senior Notes due 2027 ( “Notes”), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the “Tender Offer Cap”), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as amended by the...

Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.000% senior notes due 2033 (the “notes”). The offering of the notes was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed...

Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase up to $385 million (the “Tender Cap”) of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the “Tender Offer”). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made pursuant to the...

Genesis Energy, L.P. (NYSE: GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033 (the “notes”). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed by all of our subsidiaries, other than our unrestricted subsidiaries. We intend to use the net proceeds from this offering (i) to purchase...

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 business. Genesis Energy,...

Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, NV on August 22-23, 2023. The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in...

Genesis Energy, L.P. (NYSE: GEL) today announced that its Board of Directors has approved a common equity repurchase program authorizing the repurchase of up to 10 percent of its outstanding Class A common units (the “Program”). Grant Sims, Chairman and CEO, commented, “As discussed in last week’s earnings release, the outlook for Genesis remains constructive, and we continue to have a clear line of sight to generating cash flow of roughly $200 to $300 million per year after certain cash...