Genesis Energy, L.P. Increases Quarterly Distribution and Renames Supply and Logistics Segment
12 Juli 2017 - 11:30AM
Business Wire
Genesis Energy, L.P. (NYSE: GEL) announced today that it will
pay a regular quarterly distribution of $0.7225 per Common Unit for
the quarter ended June 30, 2017. The distribution will be paid on
August 14, 2017, to Common Unitholders of record at the close of
business on July 31, 2017. This is the forty-eighth consecutive
quarter in which Genesis has increased its quarterly
distribution.
Genesis also announced that beginning with the second quarter
earnings release and 10-Q filing, it will change the name of its
Supply and Logistics Segment to Onshore Facilities and
Transportation Segment. Genesis believes this new segment name more
accurately reflects the physical logistical services it provides
its producer and refinery customers through its onshore terminals
and multi-modal transportation assets.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, refinery
services, marine transportation and onshore facilities and
transportation (formerly known as supply and logistics). Genesis’
operations are primarily located in Texas, Louisiana, Arkansas,
Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.
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version on businesswire.com: http://www.businesswire.com/news/home/20170712005344/en/
Genesis Energy, L.P.Bob Deere, 713-860-2516Chief Financial
Officer
Genesis Energy (NYSE:GEL)
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