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News Breaks | | | | January 10, 2013 | | 07:30 EDT |  | GEL | Genesis Energy raises quarterly dividend 10.2% to 48.5c
Genesis Energy will pay a regular quarterly distribution of 48.5c per Common Unit for the quarter ended December 31, 2012. The distribution will be paid on February 14 to Unitholders of record at the close of business on February 1. This distribution represents an increase of approximately 10.2% over Q4 2011 quarterly distribution of 44c per unit, and an approximate 2.6% increase over the distribution paid with respect to Q3 2012. | |
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| May 22, 2013 | | 11:04 EDT |  | GEL | Genesis Energy management to meet with UBS
 Subscribe for More Information | | | May 21, 2013 | | 07:17 EDT | | GEL | Genesis Energy to expand rail terminal in Natchez, Mississippi
Genesis Energy announced it will expand its existing rail terminal in Natchez, Mississippi designed to handle straight and/or minimally diluted bitumen delivered by the Canadian National Railway and construct a new unit train loading facility in the heart of the Powder River Basin of the Niobrara Shale Play. At the Natchez terminal, Genesis is finalizing Phase I of the facility which includes 40 railcar spots to be completed in June. Due to significant demand for the flexible capacity at the facility, Genesis is moving forward with a Phase II expansion to provide an additional 60 railcar spots and additional heated tanks to be fully operational in late 2013. locations. The total cost to Genesis of the Natchez Phase II and Pronghorn Rail Facility projects is expected to be approximately $75M. Genesis intends to finance the projects with funds available under its committed revolving credit facility. | |
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