HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) would like to make the following two points, which are based upon the analysis of its recently released fourth quarter of 2017 financial results:
- Less than 5% of its total segment margin was derived from assets and operations subject to regulation and/or oversight of the Federal Energy Regulatory Commission (“FERC”); and
- Less than 1% of its total segment margin was derived from assets which rates are derived from or determined in accordance with FERC cost of service ratemaking methodologies.
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Genesis’ operations include onshore and offshore pipeline transportation, sodium minerals and sulfur services, marine transportation and onshore facilities and transportation. Genesis’ operations are primarily located in the Gulf Coast region of the United States, Wyoming and the Gulf of Mexico.