The board of directors of Genesis Energy LP’s general partner declared on April 10 a quarterly distribution of Genesis’ common units and Class A convertible preferred units for the quarter ended March 31.
Common unit shareholders of the midstream MLP will be paid a quarterly cash distribution of $0.15 per share ($0.60 per share annualized) for each common share held. For preferred units, Genesis will pay a cash quarterly distribution of approximately $0.95 per share ($3.79 per share annualized) for each preferred unit held.
The distributions will be paid on May 15 to shareholders of record by the close of business on April 30.
Recommended Reading
Chouest Acquires ROV Company ROVOP to Expand Subsea Capabilities
2024-05-02 - With the acquisition of ROVOP, Chouest will have a fleet of more than 100 ROVs.
SLB, OneSubsea, Subsea 7 Sign Collaboration Deal with Equinor
2024-05-02 - Work is expected to begin immediately on Equinor’s Wisting and Bay Du Nord projects.
SilverBow Makes Horseshoe Lateral in Austin Chalk
2024-05-01 - SilverBow Resources’ 8,900-foot lateral was drilled in Live Oak County at the intersection of South Texas’ oil and condensate phases. It's a first in the Chalk.
Petrobras Sending Nearly Half of Oil Exports to China
2024-04-30 - Conflict in the Middle East has enabled Brazil’s state-owned Petrobras to change the flow of its oil exports, with China being the primary beneficiary, followed by Europe.
Equinor Says EQT Asset Swap Upgrades International Portfolio
2024-04-30 - Equinor CFO Torgrim Reitan says the company’s recent U.S. asset swap with EQT Corp. was an example of the European company “high-grading” its international E&P portfolio.