Genesis Energy, L.P. Increases Quarterly Distribution
13 Julio 2010 - 6:00AM
Business Wire
Genesis Energy, L.P. (AMEX:GEL) announced today that it will pay
a regular quarterly distribution of $0.375 per Common Unit for the
quarter ended June 30, 2010. The distribution will be paid on
August 13, 2010, to Common Unitholders of record at the close of
business on August 3, 2010. This distribution represents an
increase of approximately 8.7% over the second quarter 2009
quarterly distribution of $0.345 per unit. This is the twentieth
consecutive quarter in which Genesis has increased its quarterly
distribution.
Genesis Energy, L.P. is a diversified midstream energy master
limited partnership headquartered in Houston, Texas. Genesis
engages in four business segments. The Pipeline Transportation
Division is engaged in the pipeline transportation of crude oil and
carbon dioxide. The Refinery Services Division primarily processes
sour gas streams to remove sulfur at refining operations,
principally located in Texas, Louisiana, and Arkansas. The Supply
and Logistics Division is engaged in the transportation, storage
and supply of energy products, including crude oil and refined
products. The Industrial Gases Division produces and supplies
industrial gases such as carbon dioxide and syngas. Genesis’
operations are primarily located in Texas, Louisiana, Arkansas,
Mississippi, Alabama, and Florida.
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