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Last $45.08 USD
Change Today -0.63 / -1.38%
Volume 298.4K
GEL On Other Exchanges
Symbol
Exchange
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As of 2:17 PM 07/29/15 All times are local (Market data is delayed by at least 15 minutes).

genesis energy l.p. (GEL) Key Developments

Genesis Energy LP to Report Q2, 2015 Results on Jul 29, 2015

Genesis Energy LP announced that they will report Q2, 2015 results at 9:00 AM, Central Standard Time on Jul 29, 2015

Genesis Energy LP, Q2 2015 Earnings Call, Jul 29, 2015

Genesis Energy LP, Q2 2015 Earnings Call, Jul 29, 2015

Genesis Energy LP Provides Earnings Guidance for the Second Quarter Ended June 30, 2015 and for the Fourth Quarter and Year Ending December 31, 2015

On July 16, 2015, Genesis Energy, L.P. entered into a purchase and sale agreement with Enterprise Products Operating LLC to acquire the offshore pipelines and services business of EPO and its affiliates. The purchase price for the acquisition of the Enterprise Offshore Business is approximately $1.5 billion. After consummation and integration of the Enterprise Offshore Business acquisition, the company expects to generate quarterly adjusted EBITDA of over $140 million for the three months ending December 31, 2015 and quarterly net income of over $45 million for the three months ending December 31, 2015. Depreciation, amortization and accretion expected to be $45.3 million. Interest expense, net expected to be $35.0 million. For the year ending December 31, 2015, the company expects adjusted EBITDA of $560.0 million, estimated net income of $198.0 of $198.0 million, depreciation, amortization and accretion expected to be $181.2 million, interest expense, net expected to be $140.0 million. For the second quarter ended June 30, 2015, the company expects adjusted EBITDA between $87.0 million to $87.5 million, depreciation and amortization between $28.2 million to $28.2 million, interest expense, net between $18.0 million to $18.0 million and net income between $11.3 million to $11.8 million.

Genesis Energy, L.P. Announces Quarterly Distribution for the Quarter Ended June 30, 2015, Payable on August 14, 2015

Genesis Energy, L.P. announced that it will pay a regular quarterly distribution of $0.625 per Common Unit for the quarter ended June 30, 2015. The distribution will be paid on August 14, 2015, to Common Unitholders of record at the close of business on July 31, 2015. This distribution represents an increase of approximately 10.6% over the second quarter 2014 quarterly distribution of $0.565 per unit, and an approximate 2.5% increase over the distribution paid with respect to the first quarter of 2015.

Genesis Energy LP Reports Unaudited Consolidated Cash Flow Results for the First Quarter Ended March 31, 2015

Genesis Energy LP reported unaudited consolidated cash flow results for the first quarter ended March 31, 2015. For the quarter, the company reported net cash provided by operating activities was $62,465,000 against $106,088,000 a year ago. Payments to acquire fixed and intangible assets were $111,504,000 against $104,254,000 a year ago.

 

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Industry Analysis

GEL

Industry Average

Valuation GEL Industry Range
Price/Earnings 43.1x
Price/Sales 1.3x
Price/Book 3.6x
Price/Cash Flow 25.6x
TEV/Sales 1.0x
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