Genesis Energy LP (GEL): Genesis Energy, L.P. Announces Increase...

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Tuesday, 07/18/2006 3:41:17 PM

Tuesday, July 18, 2006 3:41:17 PM

Genesis Energy, L.P. Announces Increase in Distribution to $0.19
Tuesday July 18, 8:45 am ET

HOUSTON--(BUSINESS WIRE)--July 18, 2006--Genesis Energy, L.P. (AMEX:GEL - News) announced today that it will pay a regular quarterly distribution of $0.19 per Common Unit on August 14, 2006, to Common Unitholders of record at the close of business on July 31, 2006. This distribution represents an increase of approximately 5.6% over the May 2006 distribution of $0.18 and an increase of approximately 27% over the August 2005 distribution of $0.15. This is the fourth consecutive quarter in which Genesis has increased the distribution by $0.01 per unit.
Genesis Energy, L.P. operates crude oil common carrier pipelines and is an independent gatherer and marketer of crude oil in North America, with operations concentrated in Texas, Louisiana, Alabama, Florida and Mississippi. Genesis Energy, L.P. also operates an industrial gas business.

Contact:
Genesis Energy, L.P., Houston
Ross A. Benavides, 713-860-2528