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Last $45.47 USD
Change Today +0.88 / 1.97%
Volume 640.2K
GEL On Other Exchanges
Symbol
Exchange
Frankfurt
As of 8:04 PM 07/27/15 All times are local (Market data is delayed by at least 15 minutes).

genesis energy l.p. (GEL) Snapshot

Open
$43.94
Previous Close
$44.59
Day High
$45.72
Day Low
$43.44
52 Week High
09/8/14 - $56.32
52 Week Low
12/10/14 - $34.57
Market Cap
5.0B
Average Volume 10 Days
1.7M
EPS TTM
$0.84
Shares Outstanding
109.9M
EX-Date
07/29/15
P/E TM
54.3x
Dividend
$2.50
Dividend Yield
5.17%
Current Stock Chart for GENESIS ENERGY L.P. (GEL)

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

No Related Businessweek News Found

genesis energy l.p. (GEL) 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. (GEL) 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. (GEL) Key Developments

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 42.3x
Price/Sales 1.3x
Price/Book 3.6x
Price/Cash Flow 24.8x
TEV/Sales 0.9x
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