HOUSTON--Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.72 per Common Unit for the quarter ended March 31, 2017. The distribution will be paid on May 15, 2017, to Common Unitholders of record at the close of business on April 28, 2017. This distribution represents an increase of approximately 7.1% over the first quarter 2016 quarterly distribution of $0.6725 per unit, and an approximate 1.4% increase over the distribution paid with respect to the fourth quarter of 2016. This is the forty-seventh consecutive quarter in which Genesis has increased its quarterly distribution.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include 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.