Credit Suisse Downgrades Genesis Energy LP (GEL) to Neutral
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Genesis Energy, L.P. Reports Third Quarter 2016 Results
November 3, 2016 6:01 AM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its third quarter results.
Certain highlights of our results for the quarter ended September 30, 2016 included the following items:
We reported the following results for the third quarter of 2016 compared to the same quarter in 2015: Net Income Attributable to Genesis Energy, L.P. of $32.1 million, or $0.28 per unit, for the third quarter of 2016 compared to $363.2 million, or $3.38 per unit, for the same period in 2015, representing a decrease of $331.1 million or 91%. After excluding... More