Let's see if Genesis Energy (GEL) stock is a good choice for value-oriented investors right now from multiple angles.
Q4 2019 Genesis Energy LP Earnings Call
Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the first quarter ended March 31, 2020 on Wednesday, May 6, 2020, before the market opens.
Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results.
Genesis Energy, L.P. (NYSE: GEL) announced today that its Board of Directors has approved a reduction in the Company’s quarterly common distribution to $0.15 per unit ($0.60 annually) for the quarter ended March 31, 2020. This reduction will save Genesis approximately $200 million per year for the foreseeable future, which the company intends to use to accelerate its de-leveraging plan.
Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 STRH Power, Utilities and Midstream Summit. The conference is being held April 7th via teleconference.
Q1 2020 Genesis Energy LP Earnings Call
Shares of Genesis Energy (NYSE:GEL) rose 2.2% in pre-market trading after the company reported Q1 results.Quarterly Results Earnings per share increased 350.00% year over year to $0.05, which missed the estimate of $0.06.Revenue of $539,923,000 less by 12.92% year over year, which missed the estimate of $640,070,000.Guidance Genesis Energy hasn't issued any earnings guidance for the time being.View more earnings on GELRevenue guidance hasn't been issued by the company for now.Conference Call Details Date: May 06, 2020Webcast URL: https://engage.vevent.com/index.jsp?eid=4746&seid=137Price Action 52-week high: $23.8452-week low: $2.58Price action over last quarter: down 66.54%Company Profile Genesis Energy LP is a US-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The reportable segments of the company are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation.See more from Benzinga * Owens & Minor: Q1 Earnings Insights * TherapeuticsMD: Q1 Earnings Insights * Recap: Myers Industries Q1 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Genesis has four business segments. The Offshore Pipeline Transportation segment is engaged in providing critical infrastructure to move oil produced from the long-lived, world-class reservoirs from the deepwater Gulf of Mexico to onshore refining centers. The Marine Transportation segment is engaged in the maritime transportation of primarily refined petroleum products.
Houston companies weren't exempt from a widespread decline in stock market prices during the first two days of the week.
Genesis Energy (GEL) will deliver shipping services through the Tarantula production platform, which is located in the block 308 of South Timbalier Island.
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Genesis Energy, L.P. (NYSE: GEL) announced today that, on April 8, 2020, the Board of Directors of its general partner declared a distribution on Genesis’ common units and 8.75% Class A Convertible Preferred Units attributable to the quarter ended March 31, 2019. These distributions will be paid on May 15, 2020 to holders of record at the close of business on May 1, 2020.
Genesis Energy, L.P. (NYSE: GEL) announced today that it has entered into agreements with Fieldwood Energy LLC ("Fieldwood"), Ridgewood Katmai, LLC and ILX Prospect Katmai, LLC, two entities managed by Ridgewood Energy Corporation, to provide downstream transportation services for 100% of the crude oil production associated with the deepwater Gulf of Mexico Katmai field development through the existing Tarantula production platform ("Tarantula Platform"), owned by Fieldwood.
Investors need to pay close attention to Genesis Energy (GEL) stock based on the movements in the options market lately.
Moody's Investors Service, ("Moody's") assigned a B1 rating to Genesis Energy LP's (GELs) proposed senior unsecured notes due 2028. Its existing ratings are unchanged, including the Ba3 Corporate Family Rating (CFR), Ba3-PD Probability of Default Rating, B1 ratings on the existing senior unsecured notes and the SGL-3 Speculative Grade Liquidity Rating.