Gold prices cool after hitting over 2-week high on Fed independence fears
Ryan Sims, President and Chief Commercial Officer of Genesis Energy LP (NYSE:GEL), recently acquired 1,000 common units of the company’s Class A stock. The transaction took place on March 13, 2025, with Sims purchasing the shares at a price of $12.945 each, totaling $12,945. Following this acquisition, Sims holds a total of 23,500 shares directly. The purchase reflects a continued investment by Sims in the Houston-based pipeline company, which has demonstrated strong performance with a 30.6% year-to-date return and currently trades near $13.36. The company, valued at $1.61 billion, maintains a notable 5.07% dividend yield and has consistently paid dividends for 29 consecutive years. According to InvestingPro analysis, the stock appears to be trading above its Fair Value, with additional insights available in the comprehensive Pro Research Report covering this and 1,400+ other US equities.
In other recent news, Genesis Energy reported a disappointing fourth quarter for 2024, with earnings per share (EPS) of -0.58, falling short of the forecasted -0.26. Despite this earnings miss, the company remains optimistic about its future prospects, projecting significant cash flow generation starting in late 2025 due to new production facilities. Revenue for the quarter stood at $725.55 million, and the company anticipates an adjusted EBITDA of approximately $700 million for 2025. In a separate development, Moody’s Ratings upgraded Genesis Energy’s outlook from stable to positive, following the divestiture of its soda ash business for an enterprise value of $1.425 billion. This move is expected to significantly reduce the company’s financial leverage. The divestiture proceeds are being used primarily to pay off outstanding debt and preferred shares. Analysts at Moody’s noted that Genesis Energy’s financial profile is likely to improve gradually as earnings from its expanded offshore transportation business increase in the second quarter of 2025. Additionally, Moody’s suggests that Genesis Energy could see further upgrades if it maintains steady earnings growth and reduces its debt-to-EBITDA ratio below 5.0x.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.