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Last €29.80 EUR
Change Today 0.00 / 0.00%
Volume 0.0
As of 4:00 PM 12/16/14 All times are local (Market data is delayed by at least 15 minutes).

genesis energy l.p. (GE3) Snapshot

Open
--
Previous Close
€29.80
Day High
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Day Low
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52 Week High
09/9/14 - €42.88
52 Week Low
12/11/14 - €28.60
Market Cap
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Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
99.6M
EX-Date
04/29/15
P/E TM
--
Dividend
€2.40
Dividend Yield
4.49%
Current Stock Chart for GENESIS ENERGY L.P. (GE3)

genesis energy l.p. (GE3) Related Businessweek News

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genesis energy l.p. (GE3) Details

Genesis Energy, L.P. operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. Its Onshore Pipeline Transportation segment transports crude oil and carbon dioxide (CO2). This segment owns 4 onshore crude oil pipeline systems with approximately 500 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, and Texas; and 2 CO2 pipelines with approximately 270 miles of pipe. The company’s Offshore Pipeline Transportation segment transports crude oil; and owns various offshore crude oil pipeline systems with approximately 1,200 miles of pipe located offshore in the Gulf of Mexico. Its Refinery Services segment processes high sulfur gas streams to remove sulfur for refineries. This segment provides services to 10 refining operations located primarily in Texas, Louisiana, Arkansas, Oklahoma, and Utah; and sells the by-product sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of copper, molybdenum, and other base metals, as well as in the production of pulp and paper. The company’s Marine Transportation segment offers waterborne transportation of petroleum products and crude oil in North America. This segment owns fleet of 71 barges with a combined transportation capacity of 2.6 million barrels; and 33 push/tow boats. Its Supply and Logistics segment provides services primarily to Gulf Coast oil and gas producers and refineries through a combination of purchasing, transporting, storing, blending, and marketing of crude oil and refined products, such as fuel oil, asphalt, and other heavy refined products. This segment operates a suite of approximately 300 trucks, 400 trailers, 562 rail cars, and terminals and tankage with 2.9 million barrels of storage capacity in various locations along the Gulf Coast. Genesis Energy, LLC serves as a general partner of the company. Genesis Energy, L.P. was founded in 1996 and is based in Houston, Texas.

1,200 Employees
Last Reported Date: 02/27/15
Founded in 1996

genesis energy l.p. (GE3) Top Compensated Officers

Chairman of Genesis Energy, LLC and Chief Exe...
Total Annual Compensation: $525.0K
Chief Financial Officer of Genesis Energy, LL...
Total Annual Compensation: $450.0K
Senior Vice President of Genesis Energy Llc
Total Annual Compensation: $709.6K
Vice President of Genesis Energy LLC
Total Annual Compensation: $595.2K
Vice President of Genesis Energy LLC
Total Annual Compensation: $442.3K
Compensation as of Fiscal Year 2014.

genesis energy l.p. (GE3) Key Developments

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

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

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

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.

 

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Industry Analysis

GE3

Industry Average

Valuation GE3 Industry Range
Price/Earnings 46.1x
Price/Sales 1.4x
Price/Book 3.9x
Price/Cash Flow 24.8x
TEV/Sales 0.9x
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