|Bid||10.93 x 800|
|Ask||11.56 x 800|
|Day's Range||11.00 - 11.33|
|52 Week Range||7.49 - 13.48|
|Beta (5Y Monthly)||2.29|
|PE Ratio (TTM)||N/A|
|Earnings Date||Feb 16, 2022 - Feb 21, 2022|
|Forward Dividend & Yield||0.60 (6.03%)|
|Ex-Dividend Date||Apr 28, 2022|
|1y Target Est||14.67|
HOUSTON, May 16, 2022--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2022 EIC Investor Conference in West Palm Beach, Florida. The conference is being held in person on Monday, May 16th, 2022 and Tuesday, May 17th, 2022.
Genesis Energy has four business segments. The offshore pipeline transportation segment is engaged in providing the critical infrastructure to move oil produced from the long-lived, world-class reservoirs from the deepwater Gulf of Mexico to onshore refining centers.
Genesis Energy will increase its footprint in the deepwater Gulf of Mexico with expansion of an existing pipeline system and construction of a new line, it said in its first-quarter earnings report on Wednesday. Genesis will spend about $500 million over the next three years expanding the capacity of its CHOPs system, which transports oil from deepwater oilfields to markets on the Texas Gulf Coast, as well as building a new 105-mile pipeline called "SYNC". The move comes as the company has entered into definitive agreements to transport the crude from two deepwater developments representing a combined production handling capacity of around 160,000 barrels of oil per day, CEO Grant Sims said.