Genesis Energy, L.P. Declares Quarterly Distribution
January 09 2020 - 5:00AM
Business Wire
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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version on businesswire.com: https://www.businesswire.com/news/home/20200109005170/en/
Genesis Energy, L.P. Ryan Sims SVP – Finance and Corporate
Development (713) 860-2521
Genesis Energy (NYSE:GEL)
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