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Stock Market & Financial Investment News

News Breaks
February 18, 2014
07:33 EDTGELGenesis Energy reports Q4 continuing operations EPS 19c, consensus 36c
Reports Q4 revenue $961M, may not compare to consensus $1.45B. Says decline in net income from continuing operations between the quarterly periods primarily due to the combination of an increase in unrealized losses on derivative transactions of $2.8M, an increase in depreciation and amortization expense of $2.3M and an increase in interest expense of $2.1M. Reports total available cash before reserves of $48.4M, a decrease of $2.1M, or 4%, from the fourth quarter of 2012.
News For GEL From The Last 14 Days
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October 8, 2014
07:01 EDTGELGenesis Energy increases quarterly dividend to 58c per share
Genesis Energy, L.P. will pay a regular quarterly distribution of 58c per Common Unit for the quarter ended September 30, 2014. The distribution will be paid on November 14, 2014, to Common Unitholders of record at the close of business on October 31, 2014. This distribution represents an increase of approximately 11.0% over the third quarter 2013 quarterly distribution of 52.25c per unit, and an approximate 2.7% increase over the distribution paid with respect to the second quarter of 2014. This is the thirty-seventh consecutive quarter in which Genesis has increased its quarterly distribution. During this period, thirty-two of those quarterly increases have been 10% or greater year-over-year.

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