Genesis Energy, L.P. Declares Quarterly Distribution
HOUSTON--(BUSINESS WIRE)--Jan 9, 2020--
Genesis Energy, L.P. (NYSE: GEL) announced today that, on January 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 December 31, 2019. These distributions will be paid on February 14, 2020 to holders of record at the close of business on January 31, 2020.
Each holder of common units will be paid a quarterly cash distribution of $0.55 ($2.20 on an annualized basis) for each common unit held of record. With respect to the preferred units, Genesis will pay a cash distribution of $0.7374 ($2.9496 on an annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.
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CONTACT: Genesis Energy, L.P.
SVP – Finance and Corporate Development
KEYWORD: UNITED STATES NORTH AMERICA TEXAS
INDUSTRY KEYWORD: MARITIME MINING/MINERALS TRANSPORT OIL/GAS ENERGY NATURAL RESOURCES
SOURCE: Genesis Energy, L.P.
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PUB: 01/09/2020 06:00 AM/DISC: 01/09/2020 06:01 AM