Genesis Energy, L.P. Declares Quarterly Distribution
July 11 2024 - 6:00AM
Business Wire
Genesis Energy, L.P. (NYSE: GEL) announced today that, on July
10, 2024, the Board of Directors of its general partner declared a
distribution on Genesis’ common units and Class A Convertible
Preferred Units attributable to the quarter ended June 30, 2024.
These distributions will be paid on August 14, 2024 to holders of
record at the close of business on July 31, 2024.
Each holder of common units will be paid a quarterly cash
distribution of $0.15 ($0.60 on an annualized basis) for each
common unit held of record. With respect to the preferred units,
Genesis will pay a cash distribution of $0.9473 ($3.7890 on an
annualized basis) for each preferred unit held of record.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis’
operations include offshore pipeline transportation, sodium
minerals and sulfur services, onshore facilities and transportation
and marine transportation. Genesis’ operations are primarily
located in the Gulf Coast region of the United States, Wyoming and
the Gulf of Mexico.
This press release serves as qualified notice to nominees as
provided for under Treasury Regulation Section 1.1446-4(b)(4) and
(d). Please note that 100 percent of Genesis Energy’s distributions
to foreign investors are attributable to income that is effectively
connected with a United States trade or business. Accordingly, all
of Genesis Energy’s distributions to foreign investors are subject
to federal income tax withholding at the highest applicable
effective tax rate. Nominees are treated as withholding agents
responsible for withholding distributions received by them on
behalf of foreign investors.
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version on businesswire.com: https://www.businesswire.com/news/home/20240711482764/en/
Genesis Energy, L.P. Dwayne Morley VP – Investor Relations (713)
860-2536
Genesis Energy (NYSE:GEL)
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