Genesis Energy LP reported continued strengthening of its financial performance, driven by its three core segments: offshore pipeline transportation, marine transportation, and onshore transportation and services. The company highlighted increasing free cash flow, which will be used to reduce debt, redeem high-cost corporate preferred securities, and potentially increase quarterly distributions to common unitholders over time. Genesis also indicated it will maintain flexibility to evaluate both organic and inorganic growth opportunities as they arise. The full report can be accessed through the link below.
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