11:18 AM EDT, 08/01/2024 (MT Newswires) -- Genesis Energy (GEL) shares were falling almost 5% in recent Thursday trading after the company swung to a Q2 net loss.

The company reported a Q2 net loss of $0.25 per common unit, compared with earnings of $0.22 a year earlier.

One analyst polled by Capital IQ expected a loss of $0.03.

Revenue for the quarter ended June 30 was $756.3 million, down from $804.7 million a year earlier.

Price: 13.26, Change: -0.68, Percent Change: -4.88