Genesis Energy (NYSE:GEL) Releases Quarterly Earnings Results, Misses Expectations By $0.10 EPS

Genesis Energy (NYSE:GEL) announced its earnings results on Thursday. The pipeline company reported ($0.09) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.01 by ($0.10), Briefing.com reports. The company had revenue of $770.11 million for the quarter. Genesis Energy had a return on equity of 14.63% and a net margin of 4.14%. During the same quarter in the prior year, the business earned ($0.21) earnings per share. The company’s revenue for the quarter was down 2.6% compared to the same quarter last year.

Genesis Energy Stock Performance

Shares of NYSE GEL traded up $0.52 during trading hours on Friday, reaching $12.77. The stock had a trading volume of 522,672 shares, compared to its average volume of 407,111. The company has a market cap of $1.56 billion, a price-to-earnings ratio of 37.56 and a beta of 2.01. Genesis Energy has a twelve month low of $8.05 and a twelve month high of $12.83. The business’s fifty day moving average is $11.57 and its two-hundred day moving average is $11.63. The company has a debt-to-equity ratio of 4.18, a current ratio of 1.00 and a quick ratio of 0.86.

Genesis Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 4.70%. The ex-dividend date is Monday, April 29th. Genesis Energy’s payout ratio is presently 176.48%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Genesis Energy from a “buy” rating to a “hold” rating in a report on Tuesday, January 9th.

Genesis Energy Company Profile

Genesis Energy, L.P. provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing.