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Genesis Energy Q1 Loss Narrows, Revenue Declines -- Shares Gain
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Genesis Energy Q1 Loss Narrows, Revenue Declines -- Shares Gain
May 2, 2024 10:31 AM

01:05 PM EDT, 05/02/2024 (MT Newswires) -- Genesis Energy (GEL) reported a Q1 net loss Thursday of $0.09 per common unit, narrower than a loss of $0.21 a year earlier.

One analyst surveyed by Capital IQ expected earnings of $0.01.

Revenue for the quarter ended March 31 was $770.1 million, compared with $790.6 million a year earlier.

Analyst estimates for revenue were not available on Capital IQ.

Genesis Energy was up more than 4% in recent trading.

Price: 12.27, Change: +0.50, Percent Change: +4.25

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