Genesis Energy, L.P. Discusses Recent Regulatory Policy Revision
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.
Contacts
Genesis Energy, L.P.
Bob Deere, (713) 860-2516
Chief Financial
Officer