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 $0.6725 per Common Unit for the quarter ended March 31, 2016. The distribution will be paid on May 13, 2016, to Common Unitholders of record at the close of business on April 29, 2016. This distribution represents an increase of approximately 10.2% over the first quarter 2015 quarterly distribution of $0.61 per unit, and an approximate 2.7% increase over the distribution paid with respect to the fourth quarter of 2015. This is the forty-third consecutive quarter in which Genesis has increased its quarterly distribution. During this period, thirty-eight 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.

View source version on businesswire.com: http://www.businesswire.com/news/home/20160413005156/en/

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

Source: Genesis Energy, L.P.

You May Also Be Interested In

• Fishing history delivers Schmitt's third Bassmaster Elite title at Lake Champlain
• XRP Price Prediction: Can $2 Return as AlphaPepe Stage 20 Buyers Position for What August 19 Could Reveal?
• How To Trade Memecoins In 2026: MemeToro Offers A Structured Example With AI Agent