Genesis Energy, L.P. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 02, 2023 at 06:00 am EDT
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Genesis Energy, L.P. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 807.62 million compared to USD 721.25 million a year ago. Net income was USD 58.07 million compared to USD 3.39 million a year ago. Basic earnings per share from continuing operations was USD 0.29 compared to basic loss per share from continuing operations of USD 0.12 a year ago.
For the nine months, sales was USD 2,402.89 million compared to USD 2,074.92 million a year ago. Net income was USD 105.77 million compared to USD 33.48 million a year ago. Basic earnings per share from continuing operations was USD 0.3 compared to basic loss per share from continuing operations of USD 0.18 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. 
