Genesis Energy (GEL) Misses Q2 EPS by 22c, Revenues Beat

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Go back to Genesis Energy (GEL) Misses Q2 EPS by 22c, Revenues Beat

Genesis Energy, L.P. Reports Second Quarter 2018 Results

August 8, 2018 6:00 AM EDT

HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results.

We generated the following financial results for the second quarter of 20181:

Net Income Attributable to Genesis Energy, L.P. of $11.0 million for the second quarter of 2018 compared to $33.7 million for the same period in 2017. Cash Flows from Operating Activities of $64.5 million for the second quarter of 2018 compared to $115.3 million for the same period in 2017, a decrease of $50.8 million, or 44%, principally due to an increase in working capital needs during the 2018 Quarter.... More