Genesis Energy, L.P. Reports Fourth Quarter 2020 Results
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Genesis Energy (GEL) Misses Q4 EPS by 80c, Revenues Beat
February 18, 2021 6:23 AM ESTGenesis Energy (NYSE: GEL) reported Q4 EPS of ($0.85), $0.80 worse than the analyst estimate of ($0.05). Revenue for the quarter came in at $453.14 million versus the consensus estimate of $437.18 million.
We generated the following financial results for the fourth quarter of 2020:
Net Loss Attributable to Genesis Energy, L.P. of $85.2 million for the fourth quarter of 2020, compared to Net Income Attributable to Genesis Energy, L.P. of $22.4 million for the same period in 2019.Cash Flows from Operating Activities of $1.1 million for the fourth quarter of 2020 compared to $50.6 million for the same period... More