genesis energy l.p. (GEL) Key Developments
Genesis Energy LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-24-2015 10:45 AM
Jun 17 15
Genesis Energy LP Presents at Credit Suisse 2015 MLP and Energy Logistics Conference, Jun-24-2015 10:45 AM. Venue: Credit Suisse Offices, One Madison Avenue, 12th Floor, New York, New York, United States. Speakers: Robert V. Deere, Chief Financial Officer of Genesis Energy, LLC.
Genesis Energy LP Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015
Jun 2 15
Genesis Energy LP Presents at Bank of America Merrill Lynch Energy and Power Leveraged Finance Conference, Jun-03-2015 . Venue: The Westin Times Square Hotel, New York, New York, United States. Speakers: Bob Deere, CFO.
Genesis Energy, L.P. Announces Expiration of its Tender Offer for Any and All of the Aggregate Principal Amount of its 7.875% Senior Notes Due 2018
May 21 15
Genesis Energy, L.P. announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 7.875% senior notes due 2018 expired at 5:00 p.m., New York City time, on May 20, 2015 (the Expiration Time). As of the Expiration Time, $300,126,000 aggregate principal amount of the outstanding Notes (approximately 86%) were validly tendered, which excludes $100,000 aggregate principal amount of the outstanding Notes that remain subject to guaranteed delivery procedures. Pursuant to the terms of the tender offer, Notes not tendered in the tender offer will remain outstanding. The company intends to deliver a redemption notice for any and all outstanding Notes pursuant to the terms of the indenture governing the Notes, as amended or supplemented, to redeem all remaining outstanding Notes.
Genesis Energy LP Announces Cash Tender Offer of the Outstanding Aggregate Principal Amount of the 7.875% Senior Notes Due 2018
May 14 15
Genesis Energy, L.P. announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 7.875% senior notes due 2018 that the company co-issued with Genesis Energy Finance Corporation. As of May 14, 2015, $350,000,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmittal, each dated as of May 14, 2015, and notice of guaranteed delivery. Holders of notes that are validly tendered and accepted at or prior to the Expiration Time will receive in cash the total consideration of $1,044 per $1,000 principal amount of notes, plus any accrued and unpaid interest up to, but not including, the settlement date. The tender offer is contingent upon, among other things, the company's successful completion of one or more debt financing transactions, including potential debt securities offerings, in an amount sufficient to fund the purchase of validly tendered notes accepted for purchase in the tender offer and to pay all fees and expenses associated with such financing and the tender offer. The tender offer is not conditioned on any minimum amount of notes being tendered.
Genesis Energy LP Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2015
Apr 29 15
Genesis Energy LP reported unaudited consolidated earnings results for the first quarter ended March 31, 2015. For the quarter, revenues were $526.857 million against $1,019.719 million a year ago. Operating income was $24.819 million against $35.402 million a year ago. Income before income taxes was $21.123 million against $30.416 million a year ago. Net income was $20.215 million or $0.21 per basic and diluted share against $29.775 million or $0.34 per basic and diluted share a year ago. Adjusted EBITDA was $82.377 million against $66.580 million a year ago.