2023-08-03 06:04:44 ET
- Genesis Energy press release ( NYSE: GEL ): Q2 Non-GAAP EPS of $0.22.
- Revenue of $804.66M (+11.5% Y/Y).
- Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the second quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $35.3 million for the same period in 2022.
- Cash Flows from Operating Activities of $157.7 million for the second quarter of 2023 compared to $104.0 million for the same period in 2022.
- We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $23.3 million and is reflected as a reduction to Available Cash before Reserves to common unitholders.
- Available Cash before Reserves to common unitholders of $96.3 million for the second quarter of 2023, which provided 5.24X coverage for the quarterly distribution of $0.15 per common unit attributable to the second quarter.
- Total Segment Margin of $214.6 million for the second quarter of 2023.
- Adjusted EBITDA of $198.0 million for the second quarter of 2023.
For further details see:
Genesis Energy Non-GAAP EPS of $0.22, revenue of $804.66M