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
US Natgas Prices Hit 5-week High on Rising Feedgas to Freeport LNG, Output Drop
2024-04-10 - U.S. natural gas futures climbed to a five-week high on April 10 on an increase in feedgas to the Freeport LNG export plant and a drop in output as pipeline maintenance trapped gas in Texas.
US NatGas Futures Hit Over 2-week Low on Lower Demand View
2024-04-15 - U.S. natural gas futures fell about 2% to a more than two-week low on April 15, weighed down by lower demand forecasts for this week than previously expected.
US NatGas Flows to Freeport LNG Export Plant Drop Near Zero
2024-04-11 - The startup and shutdown of Freeport has in the past had a major impact on U.S. and European gas prices.
Heard from the Field: US Needs More Gas Storage
2024-03-21 - The current gas working capacity fits a 60 Bcf/d market — but today, the market exceeds 100 Bcf/d, gas executives said at CERAWeek by S&P Global.
Report: Freeport LNG Hits Sixth Day of Dwindling Gas Consumption
2024-04-17 - With Freeport LNG operating at a fraction of its full capacity, natural gas futures have fallen following a short rally the week before.