Genesis Energy (GEL - diversified energy MLP) chat spot Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Non-Tech : Genesis Energy (GEL - diversified energy MLP) chat spot

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext

From: Elroy	1/29/2024 8:53:12 AM
	Read Replies (1) of 5

Genesis is an MLP that I've been sort of following for a few years. I plan to take a deeper dive over the coming year, and perhaps make a larger investment in it. The high level story is that they (probably, Q4 hasn't been reported yet) having a record EBITDA year in 2023, and in 2024 capital spending should slow as some Genesis spending projects complete, and in 2025 sales and EBITDA should increase as customer projects come on line. GEL pays 60 cents per year, and if things play out as hoped, that number should increase by 2026 latest. So this is an effort to get a bit ahead of the coming positives, understand if the story is reasonable, and make a bigger investment decision. GEL reports Q4 2023 Feb 15th.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Next 10PreviousNext