Genesis Energy, L.P. Reports Earnings Results for the Second Quarter Ended June 30, 2021
August 04, 2021 at 06:00 am EDT
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Genesis Energy, L.P. Announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 503.855 million compared to USD 388.467 million a year ago. Operating income was USD 25.537 million compared to operating loss of USD 278.220 million a year ago. Net loss was USD 41.682 million compared to USD 326.714 million a year ago. For the half year, sales was USD 1,025.074 million compared to USD 928.390 million a year ago. Operating income was USD 53.558 million compared to operating loss of USD 219.058 million a year ago. Net loss was USD 75.906 million compared to USD 301.805 million a year ago.
Genesis Energy L.P. is a provider of integrated suite of midstream services to the Gulf of Mexico and the Gulf Coast region of the crude oil and natural gas industry, and producer of natural soda ash. The Company operates through four segments: Offshore Pipeline Transportation, Sodium and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. Its Offshore Pipeline Transportation segment includes its offshore crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico. Its Sodium and Sulfur Services segment includes its alkali business and its sulfur removal business. Its Onshore Facilities and Transportation segment owns and/or leases its range of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, and rail unloading facilities. The Companyâs Marine Transportation segment is a provider of transportation services by tank barge primarily for intermediate refined petroleum products.
GENESIS ENERGY, L.P. 
