Barclays now sees two Fed cuts this year, says jumbo Fed cuts ’very unlikely’
Genesis Energy LP (NYSE:GEL) stock reached a significant milestone, hitting a 52-week high of 16.98 USD. With a market capitalization of $2.1 billion and a current dividend yield of 3.96%, this marks a notable achievement for the company, reflecting positive investor sentiment over the past year. According to InvestingPro analysis, the stock is trading near its Fair Value. Over the last 12 months, Genesis Energy LP has experienced a 20.24% increase in its stock price, with an even more impressive 65.56% gain over the past six months. The company has maintained dividend payments for 29 consecutive years, demonstrating long-term stability. This upward trajectory highlights the company’s resilience and potential in the current market environment, as investors continue to show confidence in its growth prospects. InvestingPro subscribers have access to 8 additional key insights about Genesis Energy LP’s financial health and growth potential.
In other recent news, Genesis Energy LP reported its first-quarter 2025 earnings, revealing a significant miss on earnings per share (EPS) compared to analyst expectations. The company posted an EPS of -0.6, falling short of the forecasted -0.22. Revenue for the quarter was recorded at 398.31 million USD. Despite the revenue figures, the EPS miss was a major point of concern for investors. In other developments, Genesis Energy LP is nearing completion of two major offshore expansion projects, anticipated to increase production capacity by approximately 200,000 barrels per day. The company has also exited the soda ash business, aiming to simplify its balance sheet and reduce future cash costs. Genesis Energy LP is targeting annual corporate cash costs between 425 million USD and 450 million USD. Analysts have noted that the company is considering various capital allocation strategies, including paying down debt and potential unit buybacks.
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