HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.64 per Common Unit for the quarter ended September 30, 2015. The distribution will be paid on November 13, 2015, to Common Unitholders of record at the close of business on October 30, 2015. This distribution represents an increase of approximately 10.3% over the third quarter 2014 quarterly distribution of $0.58 per unit, and an approximate 2.4% increase over the distribution paid with respect to the second quarter of 2015. This is the forty-first consecutive quarter in which Genesis has increased its quarterly distribution. During this period, thirty-six of those quarterly increases have been 10% or greater year-over-year.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include onshore and offshore pipeline transportation, refinery services, marine transportation and supply and logistics. Genesis’ operations are primarily located in Texas, Louisiana, Arkansas, Mississippi, Alabama, Florida, Wyoming and the Gulf of Mexico.
