Genesis Energy, L.P. Declares Distribution on Common Units for the Quarter Ended December 31, 2017, Payable February 14, 2018
January 11, 2018 at 06:00 am EST
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The board of directors of Genesis Energy, L.P. declared a distribution on Genesis’ common units for the quarter ended December 31, 2017. The distribution will be paid on February 14, 2018 to holders of record at the close of business on January 31, 2018. Each holder of common units will be paid a quarterly cash distribution of $0.51 ($2.04 on an annualized basis) for each common unit held of record.
Genesis Energy L.P. is a provider of integrated suite of midstream services to the Gulf of Mexico and the Gulf Coast region of the crude oil and natural gas industry, and producer of natural soda ash. The Company operates through four segments: Offshore Pipeline Transportation, Sodium and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. Its Offshore Pipeline Transportation segment includes its offshore crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico. Its Sodium and Sulfur Services segment includes its alkali business and its sulfur removal business. Its Onshore Facilities and Transportation segment owns and/or leases its range of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, and rail unloading facilities. The Companyâs Marine Transportation segment is a provider of transportation services by tank barge primarily for intermediate refined petroleum products.