Genesis Energy, L.P. Reports First Quarter 2021 Results

Go back to Genesis Energy, L.P. Reports First Quarter 2021 Results

Genesis Energy (GEL) Misses Q1 EPS by 36c, Revenues Beat

May 5, 2021 6:13 AM EDT

Genesis Energy (NYSE: GEL) reported Q1 EPS of ($0.43), $0.36 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $521.22 million versus the consensus estimate of $409.92 million.

We generated the following financial results for the first quarter of 2021:

Net Loss Attributable to Genesis Energy, L.P. of $34.2 million for the first quarter of 2021, compared to Net Income Attributable to Genesis Energy, L.P. of $24.9 million for the same period in 2020.Cash Flows from Operating Activities of $77.2 million for the first quarter of 2021 compared to $89.6 million for the same period... More