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Genesis Energy ups quarterly payout

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Golden_Cross Member Level  Tuesday, 07/18/06 03:32:00 PM
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Genesis Energy ups quarterly payout
Tuesday July 18, 11:36 am ET


Genesis Energy LP has increased its regular quarterly distribution to 19 cents per common unit, a jump of 5.6 percent over the May distribution of 18 cents per unit.
The distribution will be paid on Aug. 14 to common unitholders of record at the close of business on July 31.

The payout is an increase of about 27 percent over the August 2005 distribution of 15 cents per unit.

Based in Houston, Genesis (Amex: GEL - News) operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America.

Published July 18, 2006 by the Houston Business Journal



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