11:01 AM EDT, 10/31/2024 (MT Newswires) -- Genesis Energy (GEL) shares were down more than 6% in recent Thursday trading after the company reported it swung to a loss in Q3 as revenue decreased year-over-year.

The company posted a Q3 net loss of $0.32 per common unit, swinging from earnings of $0.29 per unit a year earlier. A single analyst polled by Capital IQ expected a $0.10 loss.

Revenue for the quarter ended Sept. 30 was $714.3 million, down from $807.6 million a year earlier. Analyst estimates were not available for comparison.

Price: 11.93, Change: -0.80, Percent Change: -6.25