Baird Downgrades Genesis Energy LP (GEL) to Neutral
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Genesis Energy, L.P. Reports First Quarter 2015 Results
April 29, 2015 7:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results. Our results for the quarter ended March 31, 2015 included the following items:
We generated total Available Cash before Reserves of $64.0 million in the first quarter of 2015, an increase of $10.6 million, or 20%, from the first quarter of 2014. Adjusted EBITDA increased $15.8 million, or 24% over the prior year quarter, to $82.4 million. Available Cash before Reserves and Adjusted EBITDA are non-GAAP measures that are defined and reconciled later in this press release to the most directly comparable GAAP financial measure, net... More