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Back in late 2021, Genesis Energy was staring down the barrel of a possible liquidity crisis as soon as early 2022. Thankfully, they came through in the eleventh hour with a divestiture that reduced their debt and thus pushed their leverage ratio below the covenant limit imposed by th...
Genesis Energy posted 4Q21 results below forecast and 2022 guidance was light as well. But the miss doesn’t matter. The sale of a 36% stake in CHOPS implies an Offshore Pipeline Segment value of $3.8B, assuming the 2022 segment margin guidance midpoint is achieved. Moreover...
Genesis Energy, L.P. (NYSE: GEL) today announced that the 2021 tax packages, including Schedule K-1s, are now available online. They may be accessed through the K-1 Partner Relations support website www.PartnerDataLink.com/Genesis or through the Quick Link on the Home page at www....
Genesis Energy, L.P. (GEL) Q4 2021 Earnings Conference Call February 17, 2022 10:00 AM ET Company Participants Dwayne Morley – Vice President-Investor Relations Grant Sims – Chief Executive Officer Conference Call Participants Michael Blum – Wells Fargo Kyle May – ...
Image source: The Motley Fool. Genesis Energy (NYSE: GEL) Q4 2021 Earnings Call Feb 17, 2022 , 10:00 a.m. ET Operator Continue reading For further details see: Genesis Energy (GEL) Q4 2021 Earnings Call Transcript
Genesis Energy press release (NYSE:GEL): Q4 GAAP EPS of -$0.71. Revenue of $581.58M (+28.3% Y/Y). The company expects the contribution from offshore to increase around 10% Y/Y, even after our sale of a minority interest in CHOPS. Total Segment Margin expected in the $620M-$640M range and Adju...
Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2021: Net Loss Attributable to Genesis Energy, L.P. of $68.3 million for the fourth quarter of 2021 compared to Net Loss Attribut...
Genesis Energy (NYSE:GEL) is scheduled to announce Q4 earnings results on Thursday, February 17th, before market open. The consensus EPS Estimate is $0.01 and the consensus Revenue Estimate is $515.46M (+13.8% Y/Y). Over the last 1 year, GEL has beaten EPS estimates 25% of the time and has be...
The sale of the 36% stake in CHOPS was considered in the credit downgrade. However, the debt leverage as calculated for debt covenant purposes is ~1.0x lower than how it is calculated by Moody’s. No change in our bullish stance or outlook. For further details see: ...
We believe that Moody's downgrade of Genesis Energy debt last week likely ignored the credit accretive sale of 36% stake in CHOPS. We remain positive on Genesis Energy outlook. We continue to believe that Genesis Energy units are likely to more than double over the next 2-3 years....
News, Short Squeeze, Breakout and More Instantly...
Genesis Energy, L.P. (NYSE: GEL) announced today that on July 19, 2024, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with $900 million in commitments from both existing and new lenders with an initial maturity date of September 1, 2028. ...
New Black Pearl Graphite Trend Returns 14 Metres Grading 15.1% Cg from Channel Sampling Vancouver, British Columbia--(Newsfile Corp. - July 16, 2024) - Graphano Energy Ltd. (TSXV: GEL) (OTCQB: GELEF) (FSE: 97G0) (" Graphano " or the " Company ") is pleased to report a significant new graphite ...
2024-07-01 21:34:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...