Genesis Energy (GEL) Misses Q1 EPS by 3c
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Genesis Energy, L.P. Reports First Quarter 2016 Results
May 4, 2016 6:00 AM EDTHOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results. Our results for the quarter ended March 31, 2016 included the following items:
We generated total Available Cash before Reserves of $97.8 million in the first quarter of 2016, an increase of $33.8 million, or 53%, from the first quarter of 2015. Adjusted EBITDA for the first quarter of 2016 was $133.8 million, an increase of $51.4 million, or 62%, over the prior year quarter. We reported Net Income Attributable to Genesis Energy, L.P. of $35.3 million, or $0.32 per unit, for the first quarter of... More