Credit Suisse Downgrades Genesis Energy LP (GEL) to Neutral

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Go back to Credit Suisse Downgrades Genesis Energy LP (GEL) to Neutral

Genesis Energy, L.P. Reports Third Quarter 2016 Results

November 3, 2016 6:01 AM EDT

HOUSTON--(BUSINESS WIRE)-- Genesis Energy, L.P. (NYSE: GEL) today announced its third quarter results.

Certain highlights of our results for the quarter ended September 30, 2016 included the following items:

We reported the following results for the third quarter of 2016 compared to the same quarter in 2015: Net Income Attributable to Genesis Energy, L.P. of $32.1 million, or $0.28 per unit, for the third quarter of 2016 compared to $363.2 million, or $3.38 per unit, for the same period in 2015, representing a decrease of $331.1 million or 91%. After excluding... More