Genesis Energy (GEL) Posts Mixed Q3 Results
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Genesis Energy, L.P. Reports Third Quarter 2015 Results
November 3, 2015 6:30 AM ESTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its third quarter results. Our results for the quarter ended September 30, 2015 included the following items:
We generated total Available Cash before Reserves of $96.3 million in the third quarter of 2015, an increase of $35.5 million, or 58%, from the third quarter of 2014. Adjusted EBITDA for the third quarter of 2015 was $126.9 million, an increase of $45.1 million, or 55%, 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... More