HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) announced today that it will pay a regular quarterly distribution of $0.655 per Common Unit for the quarter ended December 31, 2015. The distribution will be paid on February 12, 2016, to Common Unitholders of record at the close of business on January 29, 2016. This distribution represents an increase of approximately 10.1% over the fourth quarter 2014 quarterly distribution of $0.595 per unit, and an approximate 2.3% increase over the distribution paid with respect to the third quarter of 2015. This is the forty-second consecutive quarter in which Genesis has increased its quarterly distribution. During this period, thirty-seven of those quarterly increases have been 10% or greater year-over-year.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include onshore and 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.