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

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

Genesis Energy Price Performance

Shares of NYSE:GEL traded up $0.52 during midday trading on Friday, reaching $12.77. 522,672 shares of the company’s stock traded hands, compared to its average volume of 407,111. The company has a debt-to-equity ratio of 4.18, a quick ratio of 0.86 and a current ratio of 1.00. The company has a fifty day simple moving average of $11.57 and a two-hundred day simple moving average of $11.63. The company has a market cap of $1.56 billion, a P/E ratio of 37.56 and a beta of 2.01. Genesis Energy has a 1 year low of $8.05 and a 1 year high of $12.83.

Genesis Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be paid 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 176.48%.

Analyst Ratings Changes

Separately, StockNews.com lowered shares of Genesis Energy from a “buy” rating to a “hold” rating in a research 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.