Genesis Energy, L.P. Reports Second Quarter 2018 Results

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Go back to Genesis Energy, L.P. Reports Second Quarter 2018 Results

Genesis Energy (GEL) Misses Q2 EPS by 22c, Revenues Beat

August 8, 2018 6:05 AM EDT

Genesis Energy (NYSE: GEL) reported Q2 EPS of ($0.05), $0.22 worse than the analyst estimate of $0.17. Revenue for the quarter came in at $752.39 million versus the consensus estimate of $732.93 million.

Grant Sims, CEO of Genesis Energy, said, On August 7, 2018, we granted a third party a time-limited option to acquire certain of our non-core assets in exchange for an option... More