Genesis Energy LP
NYSE:GEL
GEL's latest stock split occurred on Apr 4, 2013
The company executed a 10-for-11 stock split, meaning that for every 11 shares held, investors received 10 new shares.
Before the split, GEL traded at 41.7545 per share. Afterward, the share price was about 19.6937.
The adjusted shares began trading on Apr 4, 2013. This was GEL's 2nd stock split, following the previous one in Apr 12, 2011.
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Genesis Energy LP
Glance View
Genesis Energy LP weaves a complex tapestry within the midstream sector, focusing on the critical infrastructure that supports the movement of essential resources across the United States. Born from the intricate dance of energy logistics, the partnership engages in the transportation, storage, and processing of crude oil, refined products, and natural gas liquids. Its strategic operations are divided into key segments: offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. Each of these segments plays a crucial role in ensuring the smooth flow of energy resources, leveraging a network of pipelines, storage sites, and marine vessels. In essence, Genesis Energy monetizes the services it offers to energy producers and distributors by acting as a conduit between resource extraction points and the end markets. This is achieved through long-term contracts that provide stable cash flows, echoing a business model reliant on volume-based fees rather than fluctuating commodity prices. Its offshore pipeline network is pivotal, ensuring efficient transportation directly from oil and gas platforms, while its sodium minerals operations cater to a niche demand in industrial and consumer markets. Through diversification into marine transportation and sulfur removal services, Genesis Energy further cements its role as a versatile player, navigating the ever-evolving energy landscape with resilience and adaptability.
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