Genesis Energy (GEL) Misses Q2 EPS by $2.76, Revenues Miss
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Genesis Energy, L.P. Reports Second Quarter 2020 Results
August 5, 2020 6:00 AM EDTHOUSTON--(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 2020:
Net Loss Attributable to Genesis Energy, L.P. of $326.7 million for the second quarter of 2020, inclusive of non-cash impairment charges of $277.5 million (as discussed later in this release), compared to Net Income Attributable to Genesis Energy, L.P. of $40.1 million for the same period in 2019. Cash Flows from Operating Activities of $62.6 million for the second quarter of... More