Genesis Energy (GEL) Misses Q2 EPS by 19c
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Genesis Energy, L.P. Reports Second Quarter 2015 Results
July 29, 2015 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. Our results for the quarter ended June 30, 2015 included the following items:
We generated total Available Cash before Reserves of $68.8 million in the second quarter of 2015, an increase of $13.3 million, or 24%, from the second quarter of 2014. Adjusted EBITDA for the second quarter of 2015 was $87.3 million, an increase of $17.1 million, or 24%, over the prior year quarter. Available Cash before Reserves and Adjusted EBITDA are non-GAAP measures that are defined and reconciled later in this press release to the most directly... More