Genesis Energy, L.P. Increases Quarterly Distribution

Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay a regular quarterly distribution of $0.3675 per Common Unit for the quarter ended March 31, 2010. The distribution will be paid on May 14, 2010, to Common Unitholders of record at the close of business on May 4, 2010. This distribution represents an increase of approximately 8.9% over the first quarter 2009 quarterly distribution of $0.3375 per unit. This is the nineteenth consecutive quarter in which Genesis has increased its quarterly distribution.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis engages in four business segments. The Pipeline Transportation Division is engaged in the pipeline transportation of crude oil, carbon dioxide and, to a lesser extent, natural gas. The Refinery Services Division primarily processes sour gas streams to remove sulfur at refining operations, principally located in Texas, Louisiana, and Arkansas. The Supply and Logistics Division is engaged in the transportation, storage and supply of energy products, including crude oil and refined products. The Industrial Gases Division produces and supplies industrial gases such as carbon dioxide and syngas. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, and Florida.

Genesis Energy (AMEX:GEL)
Historical Stock Chart
From Nov 2024 to Dec 2024