{"id":746867,"date":"2023-04-12T06:03:16","date_gmt":"2023-04-12T10:03:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/genesis-energy-l-p-declares-quarterly-distribution-10\/"},"modified":"2023-04-12T06:03:16","modified_gmt":"2023-04-12T10:03:16","slug":"genesis-energy-l-p-declares-quarterly-distribution-10","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/genesis-energy-l-p-declares-quarterly-distribution-10\/","title":{"rendered":"Genesis Energy, L.P. Declares Quarterly Distribution"},"content":{"rendered":"

<\/p>\n

Genesis Energy, L.P. Declares Quarterly Distribution<\/b><\/p>\n

HOUSTON–(BUSINESS WIRE<\/a>)–
\nGenesis Energy, L.P. (NYSE: GEL) announced today that, on April 11, 2023, the Board of Directors of its general partner declared a distribution on Genesis\u2019 common units and Class A Convertible Preferred Units attributable to the quarter ended March 31, 2023. These distributions will be paid on May 15, 2023 to holders of record at the close of business on April 28, 2023.<\/p>\n

\nEach 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.<\/p>\n

\nGenesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis\u2019 operations include offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation and marine transportation. Genesis\u2019 operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.<\/p>\n

\nThis 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\u2019s distributions to foreign investors are attributable to income that is effectively connected with a United States trade or business. Accordingly, all of Genesis Energy\u2019s 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.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230412005383\/en\/<\/a><\/span><\/p>\n

\nGenesis Energy, L.P.
\n
Dwayne Morley
\n
VP \u2013 Investor Relations
\n
(713) 860-2536<\/p>\n

KEYWORDS:<\/b> Texas United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Transport Oil\/Gas Energy Maritime Transport<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Genesis Energy, L.P. Declares Quarterly Distribution HOUSTON–(BUSINESS WIRE)– Genesis Energy, L.P. (NYSE: GEL) announced today that, on April 11, 2023, the Board of Directors of its general partner declared a distribution on Genesis\u2019 common units and Class A Convertible Preferred Units attributable to the quarter ended March 31, 2023. These distributions will be paid on May 15, 2023 to holders of record at the close of business on April 28, 2023. 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 … <\/p>\n

Continue reading “Genesis Energy, L.P. Declares Quarterly Distribution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-746867","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nGenesis Energy, L.P. Declares Quarterly Distribution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/genesis-energy-l-p-declares-quarterly-distribution-10\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Genesis Energy, L.P. 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