Genesis Energy, L.P. Increases Quarterly Distribution
HOUSTON -- January 10, 2013
Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular
quarterly distribution of $0.485 per Common Unit for the quarter ended
December 31, 2012. The distribution will be paid on February 14, 2013, to
Common Unitholders of record at the close of business on February 1, 2013.
This distribution represents an increase of approximately 10.2% over the
fourth quarter 2011 quarterly distribution of $0.44 per unit, and an
approximate 2.6% increase over the distribution paid with respect to the third
quarter of 2012. This is the thirtieth consecutive quarter in which Genesis
has increased its quarterly distribution. During this period, twenty-five 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
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