Genesis Energy, L.P. Increases Quarterly Distribution

Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay a regular quarterly distribution of $0.375 per Common Unit for the quarter ended June 30, 2010. The distribution will be paid on August 13, 2010, to Common Unitholders of record at the close of business on August 3, 2010. This distribution represents an increase of approximately 8.7% over the second quarter 2009 quarterly distribution of $0.345 per unit. This is the twentieth 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 and carbon dioxide. 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)
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