Genesis Energy, L.P. Provides Update on Balance Sheet Simplification
Genesis Energy, L.P. Common Units (GEL)
Last genesis energy, l.p. common units earnings: 2/19 06:10 am
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US:NYSE Investor Relations:
genesisenergy.com/investors
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Source: Business Wire
HOUSTON--(BUSINESS WIRE)--Genesis Energy LP (NYSE: GEL) today announced an update on its recent and near-term expected deployment of the approximately $1.010 billion in cash, net of estimated transaction costs and expenses, it received on Friday, February 28, 2025, from the sale of its Alkali Business. In summary, Genesis has:Paid its senior secured revolving credit facility to zero which will result in saving approximately $25 million in annual cash interest expense;Called the remaining 8.0% senior unsecured notes due 2027 which will result in saving approximately $33 million in annual cash interest expense; andPurchased $250 million of its Class A convertible preferred units, permanently extinguishing approximately $28 million in a
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News
- Genesis Energy, L.P. (NYSE: GEL) had its price target raised by analysts at Royal Bank of Canada from $14.00 to $15.00. They now have an "outperform" rating on the stock.MarketBeat
- Genesis Energy, L.P. (NYSE: GEL) was upgraded by analysts at Wells Fargo & Company from an "equal weight" rating to an "overweight" rating. They now have a $18.00 price target on the stock, up previously from $15.00.MarketBeat
- Genesis Energy, L.P. Provides Update on Balance Sheet Simplification [Yahoo! Finance]Yahoo! Finance
- 2024 K-1 Tax Packages for Genesis Energy, L.P. [Yahoo! Finance]Yahoo! Finance
- 2024 K-1 Tax Packages for Genesis Energy, L.P.Business Wire
GEL
Sec Filings
- 3/25/25 - Form 4
- 3/14/25 - Form 4
- 3/10/25 - Form SCHEDULE
- GEL's page on the SEC website