Genesis Energy, L.P. Increases Quarterly Distribution

HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.61 per Common Unit for the quarter ended March 31, 2015. The distribution will be paid on May 15, 2015, to Common Unitholders of record at the close of business on May 1, 2015. This distribution represents an increase of approximately 10.9% over the first quarter 2014 quarterly distribution of $0.55 per unit, and an approximate 2.5% increase over the distribution paid with respect to the fourth quarter of 2014. This is the thirty-ninth consecutive quarter in which Genesis has increased its quarterly distribution. During this period, thirty-four of those quarterly increases have been 10% or greater year-over-year.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.

Genesis Energy, L.P.
Bob Deere, 713-860-2516
Chief Financial Officer

Source: Genesis Energy, L.P.

You May Also Be Interested In

• Onco-Innovations Enters into LOI with Ifowonco for Exclusive Option and Worldwide Licence to LAG-3 Small-Molecule Inhibitor Program
• Hyve Solutions Selects Nevada for Advanced Manufacturing Campuses in Reno and North Las Vegas
• EAA introduces 2026 Sport Aviation Halls of Fame class