Genesis Energy extends common unit repurchase program

Genesis Energy (GEL) announced that its board of directors has extended its common equity repurchase program for its outstanding Class A common units. The program, approved on August 8, 2023, was originally scheduled to expire on December 31, 2024. The board has extended the program through December 31, 2026, unless expanded and extended prior thereto. To date, Genesis has purchased only 114,900 Class A common units under the program. The program does not obligate GEL to acquire a particular number of Class A common units and any Class A common units of GEL that are repurchased will be canceled.