Genesis Energy L.P. (GEL) is in the Energy Industry

Genesis Energy, L.P. Enters Marine Transportation Business with New Joint Venture

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) Genesis announced today that it has entered into definitive agreements pursuant to which it will participate in an inland barge transportation joint venture with an entity TD Marine owned and controlled by certain principals of the Davison family of Ruston, Louisiana. The joint venture,...

Research articles 2008-06-12

Genesis Energy, L.P. Completes Transactions with Denbury Resources

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) Genesis and Denbury Resources Inc. (NYSE:DNR) Denbury announced today that they have completed two previously announced carbon dioxide (CO2) pipeline transactions with a total value of $250 million. The two pipeline transactions are as follow:

Research articles 2008-06-02

Genesis Energy, L.P. Reports First Quarter Results

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) reported today net income for the first quarter of 2008 of $1,645,000, or $0.04 per unit. Income for the quarter included $11.7 million of non-cash charges for amortization of intangibles related to the 2007 Davison acquisition. This compares to net income in the 2007...

Research articles 2008-05-07

Genesis Energy, L.P. Announces New Appointments to Its Board of Directors

HOUSTON -- Genesis Energy, L.P., (AMEX:GEL), announced today the appointments of Martin G. White of Dallas, Texas and David C. Baggett of Houston, Texas to its Board of Directors ("Board").

Research articles 2008-04-01

Tags: board, board of directors

Genesis Energy, L.P. Reports 2007 Results

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) reported today a net loss for 2007 of $13.6 million, or $0.64 per unit. Contributing to this loss was $30.1 million of non-cash charges for depreciation and amortization related to the Davison acquisition in 2007. For 2006 Genesis had net income of $8.4 million,...

Research articles 2008-03-14

Genesis Energy, L.P. Receives Notification Letter From AMEX

HOUSTON -- Genesis Energy, L.P., (AMEX:GEL), announced that on January 3, 2008 it received a warning letter from the American Stock Exchange that it is not in compliance with the Rule 121B(2)a of the American Stock Exchange Company Guide. This rule requires that Genesis have at least three independent members...

Research articles 2008-01-05

Genesis Energy, L.P. Unitholders Approve Partnership Proposals

HOUSTON -- Genesis Energy, L.P., (AMEX:GEL), announced that the unitholders have approved all of the proposals presented by the board of directors of Genesis Energy, Inc. ("Genesis"), the general partner of Genesis Energy, L.P. ("GEL"). These proposals are outlined in detail in a proxy statement dated November 7, 2007. Among...

Research articles 2007-12-18

Tags: partnership, unitholder

Genesis Energy, L.P. Announces Resignation of Director

HOUSTON -- Genesis Energy, L.P., (AMEX:GEL), announced that effective December 12, 2007, Herbert I. Goodman resigned from his position as a director of Genesis Energy, Inc. ("Genesis"), the general partner of Genesis Energy, L.P. ("GEL"). Mr. Goodman had served as a director of Genesis since 1997. Mr. Goodman served on...

Research articles 2007-12-17

Genesis Energy, L.P. Announces Exercise of Over-Allotment Option by Underwriters in Public Offering of Common Units

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that the underwriters of its recent equity offering fully exercised their option to purchase an additional 1,200,000 common units. This sale is part of the Partnership's equity offering that was priced on December 4, 2007, at the offering price to the public...

Research articles 2007-12-11

Tags: underwriter

Genesis Energy, L.P. Prices Public Offering of Common Units

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that it has priced its offering of 8,000,000 common units at a price to the public of $22.00 per unit, representing a 1,000,000 unit increase above the original planned offering of 7,000,000 common units. In connection with the public offering, the Partnership's...

Research articles 2007-12-05

Genesis Energy, L.P. Announces Public Offering of Common Units

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL), announced today that it plans to sell 7,000,000 common units to the public pursuant to an effective shelf registration statement on Form S-3 previously filed with the Securities and Exchange Commission and 559,035 common units to its general partner. The underwriters have the option...

Research articles 2007-11-27

Genesis Energy, L.P. to Present at 2007 RBC Capital Markets MLP Conference

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that Grant E. Sims, CEO, will make a scheduled presentation at the 2007 RBC Capital Markets MLP Conference beginning at 3:00 p.m. CST on Thursday, November 15, 2007, in Dallas, Texas.

Research articles 2007-11-14

Tags: RBC Capital Markets

Genesis Energy, L.P. Reports Third Quarter Results

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) reported today earnings of $1.7 million, or $0.07 per unit for the third quarter of 2007. This compares to net income in the 2006 third quarter period of $1.7 million, or $0.12 per unit. Earnings for the 2007 third quarter included a $1.2 million...

Research articles 2007-11-08

Webcast Alert: Genesis Energy L.P. Third Quarter 2007 Earnings Conference Call

HOUSTON -- Genesis Energy L.P. (AMEX:GEL) announces the following Webcast:

Research articles 2007-11-05

Tags: Webcast

Genesis Energy, L.P. Announces Increase in Distribution to $0.27

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay a regular quarterly distribution of $0.27 per Common Unit on November 14, 2007, to Common Unitholders of record at the close of business on November 6, 2007. This distribution represents an increase of approximately 17% over the August...

Research articles 2007-10-26

Genesis Energy, L.P. Announces Alabama Pipeline Extension Project

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that it has committed to build an extension from its existing Florida crude oil pipeline system to transport crude for producers operating in southern Alabama.

Research articles 2007-08-08

Genesis Energy, L.P. Reports Second Quarter Results

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) reported today a net loss of $1.4 million, or $0.09 per unit for the second quarter of 2007. Expense related to our stock appreciation rights SAR plan for the quarter of $3.7 million, resulting predominately from the 63 percent increase in our common unit...

Research articles 2007-08-03

Genesis Energy, L.P. Sets Date for Release of Earnings and Conference Call

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that its second quarter earnings will be released August 3, 2007, before the market opens.

Research articles 2007-07-30

Genesis Energy, L.P. Completes Acquisition of Energy Related Businesses from Davison Family Controlled Entities

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that it has completed its approximately $560 million acquisition of five energy-related businesses focused on the transportation, storage, marketing and procurement of petroleum products and refinery services, primarily in Louisiana, Arkansas and Texas. Genesis acquired the businesses from several entities owned and...

Research articles 2007-07-26

Tags: acquisition

Genesis Energy, L.P. Announces Increase in Distribution to $0.23

HOUSTON -- Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay a regular quarterly distribution of $0.23 per Common Unit on August 14, 2007, to Common Unitholders of record at the close of business on August 6, 2007. This distribution represents an increase of approximately 5% over the May...

Research articles 2007-07-26