Friday, June 21, 2024

Genesis Energy, L.P. Announces Quarterly Distribution – Business Wire

Genesis Energy, L.P. Declares Quarterly Distribution

Genesis Energy, L.P., a leading energy infrastructure company, has announced its quarterly distribution for the period ending June 30, 2022. The partnership has declared a distribution of $0.30 per common unit, payable on August 15, 2022, to common unitholders of record at the close of business on August 1, 2022.

Financial Performance and Outlook

Amidst a challenging market environment, Genesis Energy, L.P. continues to demonstrate resilience and stability in its financial performance. The company’s strong cash flow generation and consistent distribution record have positioned it as a preferred choice for income-seeking investors.

During the previous quarter, Genesis Energy, L.P. witnessed solid operational and financial results, reflecting its commitment to maintaining a strong balance sheet. The partnership’s disciplined capital allocation strategy and focus on cost management have contributed to its ability to weather market uncertainties.

The robust performance in the previous quarter and consistent cash flow generation have enabled Genesis Energy, L.P. to declare a quarterly distribution of $0.30 per common unit. This distribution highlights the partnership’s commitment to delivering value to its unitholders.

Genesis Energy, L.P. remains focused on optimizing its assets and pursuing growth opportunities to enhance its long-term value proposition. The partnership’s diverse portfolio of midstream assets, including pipelines, storage tanks, and terminals, is well-positioned to capitalize on the evolving energy landscape.

Moreover, Genesis Energy, L.P. has strategically entered into several long-term customer contracts, providing a stable revenue base and mitigating risk. These contracts, combined with the partnership’s operational capabilities, enable it to navigate market fluctuations and deliver consistent financial performance.

Commitment to Sustainability and Environmental Responsibility

In addition to its financial performance, Genesis Energy, L.P. remains dedicated to sustainable practices and environmental stewardship. The company continually evaluates opportunities to reduce its environmental impact and enhance its business practices.

Genesis Energy, L.P. is focused on incorporating environmentally friendly technologies and practices into its operations. The partnership aims to minimize emissions, waste, and water consumption while optimizing energy efficiency across its assets.

Furthermore, Genesis Energy, L.P. actively supports local communities and initiatives that promote environmental conservation and social responsibility. The partnership believes that responsible business practices are essential for long-term success and stakeholder value creation.

About Genesis Energy, L.P.

Genesis Energy, L.P. is a leading midstream energy infrastructure company based in the United States. The partnership owns and operates diversified assets, including oil and gas pipelines, terminals, marine vessels, and storage facilities.

With a strong focus on safe and efficient operations, Genesis Energy, L.P. delivers reliable and cost-effective services to its customers. The partnership’s extensive network and strategic locations enable it to provide comprehensive midstream solutions tailored to the evolving energy industry’s needs.

As a responsible corporate citizen, Genesis Energy, L.P. aims to create long-term value for all stakeholders while prioritizing integrity, safety, and environmental sustainability.

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