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Genesis Energy ( (GEL) ) has provided an announcement.
On February 28, 2025, Genesis Energy completed the sale of its soda ash operations, known as the Alkali Business, to an affiliate of WE Soda Ltd for approximately $1.425 billion. This transaction allows Genesis to focus on its core midstream energy operations and provides financial flexibility to simplify its capital structure, pay down debt, and potentially increase distributions to unitholders.
More about Genesis Energy
Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas. Its operations include offshore pipeline transportation, sulfur services, onshore facilities and transportation, and marine transportation, primarily located in the Gulf Coast region of the United States and the Gulf of Mexico.
YTD Price Performance: 31.22%
Average Trading Volume: 647,830
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $1.6B
For detailed information about GEL stock, go to TipRanks’ Stock Analysis page.