最新ニュース Genesis Energy (NYSE:GEL) 株価情報

Genesis Energy

Genesis Energy LP is a United States-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 company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

Genesis Energy LP

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<p>Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) announced today, in connection with our previously announced cash tender offer (the "Tender Offer") for our 8.0% Senior Notes due 2027 ( "Notes"), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the "Tender Offer Cap"), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as amended by the terms set forth herein, the "Offer to Purchase").</p>


News

Offerings

Genesis Energy, L.P. Announces Increase To Previously Announced Tender Offer For Its 8.0% Senior Notes Due 2027 From $385M To $575M

<p>Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced the commencement of a cash tender offer to purchase up to $385 million (the "Tender Cap") of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the "Notes") that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the "Tender Offer"). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made pursuant to the terms and conditions of an offer to purchase, dated as of December 5, 2024 (as may be amended or supplemented from time to time, the "Offer to Purchase").</p>


Genesis Energy Announces Tender Offer For Up To $385M Aggregate Principal Amount Of Its 8.0% Senior Notes Due 2027

<p>Capital One  analyst Wade Suki   upgrades Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) from Equal-Weight to Overweight.</p>


Upgrades

Analyst Ratings

Capital One Upgrades Genesis Energy to Overweight

WIIM

Genesis Energy shares are trading lower after the company reported a year-over-year decrease in Q3 revenue results.

<p>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.32) per share.  The company reported $714.297 million in sales this quarter. This is a 11.56 percent decrease over sales of $807.618 million the same period last year.</p>


Earnings

Genesis Energy Q3 2024 GAAP EPS $(0.32), Sales $714.297M Down From $807.618M YoY

<p>RBC Capital  analyst Elvira Scotto   maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $15 to $16.</p>


Price Target

RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $16

<p>Today, we are announcing the Board has approved an increase of&nbsp;$0.015&nbsp;in the quarterly distribution per common unit starting with the 3Q distribution, which is scheduled to be paid on November 14, 2024. This represents a&nbsp;10%&nbsp;increase over the distribution declared with respect to the&nbsp;second quarter&nbsp;of 2024 and yet only represents an incremental annual cash cost of approximately&nbsp;$7.3 million. The Board believes this is an important first step and should affirm the confidence we all have in the future of our businesses. Subject to future Board deliberation and approval, we could envision this common unit distribution growth continuing in coming quarters and years as we realize increasing Adjusted EBITDA and benefit from reduced cash obligations resulting from the redemption of high coupon securities in our capital structure</p>


Genesis Energy Announces An Increase Of $0.015 In The Quarterly Distribution Per Common Unit Starting With The 3Q Distribution

<p>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.25) per share. This is a 213.64 percent decrease over earnings of $0.22 per share from the same period last year.  The company reported $756.261 million in sales this quarter. This is a 6.02 percent decrease over sales of $804.662 million the same period last year.</p>


Genesis Energy Q2 2024 GAAP EPS $(0.25) Down From $0.22 YoY, Sales $756.261M Down From $804.662M YoY

Contracts

ANSAC Increases Export Prices By US$25.00/MT On All Non-Contract Sales Of Soda Ash, And On Contracted Sales When Contracts Allow

<p>Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced that it has priced a public offering of $700,000,000 in aggregate principal amount of 7.875% senior unsecured notes due 2032 (the "notes"). The offering of the notes was upsized from the previously announced $500,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering of the notes to redeem all of our outstanding 6.250% senior unsecured notes due 2026 and the remainder for general partnership purposes, including repaying a portion of the borrowings outstanding under our credit facility. The offering of the notes is expected to settle and close on May 9, 2024, subject to customary closing conditions.</p>
<p>RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Capital One Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., Scotia Capital (USA) Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering and Comerica Securities, Inc. is acting as co-manager.</p>


Genesis Energy, L.P. Upsizes And Prices Public Offering Of 7.875% Senior Unsecured Notes Due 2032 From $500M To $700M

<p>Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of&nbsp;$500,000,000&nbsp;in aggregate principal amount of senior unsecured notes due 2032 (the &quot;notes&quot;). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering of the notes to redeem all of our outstanding&nbsp;6.250%&nbsp;senior unsecured notes due 2026 and the remainder for general partnership purposes, including repaying a portion of the borrowings outstanding under our credit facility.</p>
<p>RBC Capital Markets, LLC is leading the offering along with several joint book-running managers and co-managers. A copy of the preliminary prospectus supplement and accompanying base prospectus relating to this offering, when available, may be obtained from RBC Capital Markets, LLC, Attn: HY Capital Markets, 200 Vesey Street, 8th Floor, New York, NY 10281, or by telephone at (212) 428-6200.</p>


Genesis Energy, L.P. Announces Public Offering of $0.5B Senior Notes

<p>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.09) per share.  The company reported $770.105 million in sales this quarter. This is a 2.59 percent decrease over sales of $790.612 million the same period last year.</p>


Genesis Energy Q1 2024 GAAP EPS $(0.09), Sales $770.105M Down From $790.612M YoY

Genesis Energy Filed For Mixed Shelf; Size Not Disclosed

<p>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.08) per share. This is a 153.33 percent decrease over earnings of $0.15 per share from the same period last year. The company reported $774.10 million in sales this quarter. This is a 8.41 percent increase over sales of $714.04 million the same period last year.</p>


UPDATE: Genesis Energy Q4 EPS $(0.08) Down From $0.15 YoY, Sales $774.10M Up From $714.04M YoY

Guidance

Genesis Energy Expects Adjusted EBITDA Of $680M-$740M In FY24

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Earnings Scheduled For February 15, 2024

<p>By the close of today, February 14, 2024, <b>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>)</b> will issue a dividend payout of $0.15 per share, resulting in an annualized dividend yield of 4.86%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 30, 2024.</p>
<h3>Genesis Energy Recent Dividend Payouts</h3>
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            font-size: 12px;
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    </style><table>
<thead>
<tr>
<th><strong>Ex-Date</strong></th>
<th style="text-align: right;"><strong>Payments per year</strong></th>
<th><strong>Dividend</strong></th>
<th><strong>Yield</strong></th>
<th><strong>Announced</strong></th>
<th><strong>Record</strong></th>
<th><strong>Payable</strong></th>
</tr>
</thead>
<tbody>
<tr>
<td>2024-01-30</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.86%</td>
<td>2024-01-10</td>
<td>2024-01-31</td>
<td>2024-02-14</td>
</tr>
<tr>
<td>2023-10-30</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.84%</td>
<td>2023-10-11</td>
<td>2023-10-31</td>
<td>2023-11-14</td>
</tr>
<tr>
<td>2023-07-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>6.08%</td>
<td>2023-07-12</td>
<td>2023-07-31</td>
<td>2023-08-14</td>
</tr>
<tr>
<td>2023-04-27</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.36%</td>
<td>2023-04-11</td>
<td>2023-04-28</td>
<td>2023-05-15</td>
</tr>
<tr>
<td>2023-01-30</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.67%</td>
<td>2023-01-11</td>
<td>2023-01-31</td>
<td>2023-02-14</td>
</tr>
<tr>
<td>2022-10-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.91%</td>
<td>2022-10-10</td>
<td>2022-10-31</td>
<td>2022-11-14</td>
</tr>
<tr>
<td>2022-07-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>7.5%</td>
<td>2022-07-12</td>
<td>2022-07-29</td>
<td>2022-08-12</td>
</tr>
<tr>
<td>2022-04-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.8%</td>
<td>2022-04-06</td>
<td>2022-04-29</td>
<td>2022-05-13</td>
</tr>
<tr>
<td>2022-01-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>4.95%</td>
<td>2022-01-13</td>
<td>2022-01-31</td>
<td>2022-02-14</td>
</tr>
<tr>
<td>2021-10-28</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.6%</td>
<td>2021-10-05</td>
<td>2021-10-29</td>
<td>2021-11-12</td>
</tr>
<tr>
<td>2021-07-29</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>5.26%</td>
<td>2021-07-07</td>
<td>2021-07-30</td>
<td>2021-08-13</td>
</tr>
<tr>
<td>2021-04-29</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>6.3%</td>
<td>2021-04-07</td>
<td>2021-04-30</td>
<td>2021-05-14</td>
</tr>
</tbody>
</table>
<p>With a dividend yield that places it neither at the top nor the bottom, Genesis Energy finds itself in the middle among its industry peers, while <b>Okeanis Eco Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECO#NYSE">ECO</a>)</b> boasts the highest annualized dividend yield at 18.41%.</p>
<h3>Analyzing Genesis Energy Financial Health</h3>
<p>Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. </p>
<h3>YoY Growth in Dividend Per Share</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707923127_0.png" alt="dividend chart graph" /></p>
<p>As you can see, from 2020 to 2023, investors saw an average decrease in the company's dividend per share, decreasing from $1.00 in 2020 to $0.60 in 2023. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.</p>
<h3>YoY Earnings Growth For Genesis Energy</h3>
<p><img src="https://www.benzinga.com/files/images/story/2024/1707923127_1.png" alt="earning chart graph" /></p>
<p>Investors can observe a growth in earnings for Genesis Energy from 2020 to 2023, as earnings per share increased from $-0.71 to $0.45. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.</p>
<h3>Recap</h3>
<p>This article delves into the recent dividend payout of Genesis Energy and its implications for shareholders. Presently, the company is distributing a dividend of $0.15 per share, leading to an annualized dividend yield of 4.86%.</p>
<p>With a dividend yield that places it neither at the top nor the bottom, Genesis Energy finds itself in the middle among its industry peers, while Okeanis Eco Tankers boasts the highest annualized dividend yield at 18.41%.</p>
<p>Considering the decrease in dividend per share from 2020 to 2023 along with an increase in earnings per share, Genesis Energy seems to be allocating more profits towards business expansion instead of dividend payments.</p>
<p>It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.</p>
<p>[Click here](<a href="https://www.benzinga.com/stock//dividends" title="https://www.benzinga.com/stock//dividends">https://www.benzinga.com/stock//dividends</a>) to find details on Genesis Energy's previous dividends.</p>
<p>To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar.  </p>
<p><em>This article was generated by Benzinga's automated content engine and reviewed by an editor.</em></p>


Dividends

Increasing Earnings, Adjusted Dividends: Genesis Energy Ensures Stability for Shareholders through Strategic Changes

Reported Late Thursday, Genesis Energy Upsizes And Prices $600M Public Offering Of 8.250% Senior Unsecured Notes Due 2029

<p>RBC Capital  analyst Elvira Scotto   maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $14 to $15.</p>


RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $15

<p>Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly earnings of $0.29 per share which beat the analyst consensus estimate of $0.25 by 16 percent. This is a 341.67 percent increase over losses of $(0.12) per share from the same period last year.  The company reported quarterly sales of $807.62 million which beat the analyst consensus estimate of $398.84 million by 102.49 percent.  This is a 11.98 percent increase over sales of $721.25 million the same period last year.</p>


Genesis Energy Q3 EPS $0.29 Beats $0.25 Estimate, Sales $807.62M Beat $398.84M Estimate

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Press Releases

Genesis Energy, L.P. Declares Quarterly Distribution

Genesis Energy, L.P. Reports Third Quarter 2024 Results

Genesis Energy, L.P. Releases 2023 Sustainability Report

Genesis Energy, L.P. Announces Public Offering of Senior Notes

Genesis Energy, L.P. Announces Tender Offer for up to $385 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027

Genesis Energy, L.P. Upsizes and Prices Public Offering of Senior Notes

Genesis Energy, L.P. Announces Increase to Previously Announced Tender Offer for its 8.0% Senior Notes due 2027

Genesis Energy, L.P. to Participate in Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium

Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Up to $575 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027

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