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Source: PR Newswire
NEWARK, N.J., March 11, 2021 /PRNewswire/ — Genie Energy Ltd. (NYSE: GNE, GNEPRA) reported fourth quarter 2020 loss of $0.06 per diluted share on revenue of $102.9 million, and full year 2020 earnings of $0.44 per diluted share on revenue of $379.3 million. 4Q20 AND FULL YEAR 2020…
Source: PR Newswire
NEWARK, N.J., March 8, 2021 /PRNewswire/ — Genie Energy (NYSE: GNE, GNEPRA) today provided additional information on the financial impact to the company of Winter Storm Uri, which disrupted the Texas electricity market in mid-February 2021. The unprecedented severity of the storm…
Source: MarketWatch
Shares of General Electric Co. ran up toward a near three-year high, after UBS analyst Markus Mittermaier said rising interest rates and the COVID-relief…
Source: Business Wire
HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) today announced that the 2020 tax packages, including Schedule K-1s, are now available online. They may be accessed through the K-1 Partner Relations support website www.PartnerDataLink.com/Genesis or through the Quick Link on the Home page at www.genesisenergy.com. The partnership expects to complete mailing of the 2020 Genesis Energy, L.P. tax packages by Friday, March 5, 2021. For additional information, unitholders may call K-1 Part
Source: Business Wire
HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2020 with the Securities and Exchange Commission. A copy of this 10-K may be found on the Partnership’s website www.genesisenergy.com under “Investors – SEC Reports.” In addition, GEL unitholders may receive a hard copy of the Form 10-K free of charge upon request by emailing GELinfo@genlp.com or by calling 1-800-284-3365. Genesis Ene
Source: Business Wire
HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Barclays Midstream & Clean Infrastructure Corporate Access Days. The conference is being held virtually on February 24th and 25th. The Partnership’s latest presentation materials are available and may be downloaded by visiting the Partnership’s website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master l
Source: PR Newswire
NEWARK, N.J., Feb. 22, 2021 /PRNewswire/ — Genie Energy (NYSE: GNE, GNEPRA) today said that it continues to serve its 10,000 customers across Texas with no change in their rates under their current agreements despite the unprecedented price volatility in real-time electricity prices last…
Source: The Tribune
Washington, February 21 Ten U.S. corporations slashed donations to candidates seeking federal office by more than 90% in January, after pledging to cut off giving to the Republicans who supported former President Donald Trump’s attempt to overturn his election defeat. None of the political action committees of 10 major companies reviewed by Reuters, including Microsoft Corp, Walmart Inc, ATamp;T Inc and Comcast Corp, donated to any of the 147 congressional Republicans who voted to support Trump’s claims just hours after his supporters launched a deadly assault on the U.S. Capitol. Disclosures to the Federal Election Commission ahead of a Saturday filing deadline showed the group of corporate PACs affiliated with those 10 companies made $13,000 in new donations to candidates in January. The reports were the first by the PACs to detail contributions made since the Jan. 6 Capitol attack. The money donated during the month was less than one-tenth the roughly $190,000 the 10 company PACs gave candidates in January 2017, and tiny relative to the roughly $10 million donated to candidates during the 2019-2020 election season.
Source: Business Wire
HOUSTON–(BUSINESS WIRE)–Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2020: Net Loss Attributable to Genesis Energy, L.P. of $85.2 million for the fourth quarter of 2020, compared to Net Income Attributable to Genesis Energy, L.P. of $22.4 million for the same period in 2019. Cash Flows from Operating Activities of $1.1 million for the fourth quarter of 2020 compared to $50.6 million for the
Source: Benzinga
BofA Securities has three key takeaways from General Electric Co.’s (NYSE: GE ) latest 10-K filing relative to the conglomerate’s industrial free cash flow guidance; the normalization of its elevated leverage; and the impact of rising interest rates on the company’s liabilities. GE’s Industrial FCF Guidance: GE’s “transition away from customer receivables sales (i.e., factoring) was a $3.2 billion drag on 2020 Industrial FCF,” analyst Andrew Obin said in a Tuesday note. Without the drag, GE’s 2020 FCF would already have been above the midpoint of the 2021 guidance, the analyst said. Yet GE’s current factoring balances have dropped by 46% from their 2018 levels, with the majority of receivables that were originated under now-defunct programs having since been collected, he said. “Based on the lower starting balance and management commentary, we forecast only a $0.4bn … Full story available on Benzinga.com
