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The latest announcement is out from Genesis Energy ( (GEL) ).
Genesis Energy, L.P. announced a public offering of $600 million in senior unsecured notes due 2033, with the proceeds intended to refinance existing debt and for general partnership purposes. This financial maneuver is expected to strengthen Genesis’s balance sheet by replacing its 2027 notes and supporting its ongoing operational needs, potentially enhancing its market position in the midstream energy sector.
More about Genesis Energy
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, with operations that include offshore pipeline transportation, soda and sulfur services, marine transportation, and onshore facilities and transportation. Its operations are primarily located in the Gulf Coast region of the United States, Wyoming, and the Gulf of Mexico.
YTD Price Performance: -2.27%
Average Trading Volume: 416,996
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.32B
For a thorough assessment of GEL stock, go to TipRanks’ Stock Analysis page.
