Genesis Energy L.P., founded in 1996 and headquartered in Houston, Texas, is a prominent midstream service provider in the energy sector, primarily focusing on the acquisition, development, and operation of assets that facilitate crude oil and natural gas transportation. The company offers a diverse range of services including pipeline transportation, storage, and network logistics across the Gulf Coast and beyond, playing a crucial role in the energy supply chain.
| Bond Name | Country | Maturity | Coupon(%) | |
|---|---|---|---|---|
| GEL 6.25% 2026-05-15 USDGenesis Energy L.P. | United States | 2026-05-15 | 6.250 | — |
| GEL 7.75% 2028-02-01 USDGenesis Energy L.P. | United States | 2028-02-01 | 7.750 | 7.34 |
| GEL 8.00% 2027-01-15 USDGenesis Energy L.P. | United States | 2027-01-15 | 8.000 | 3.67 |
| GEL 8.00% 2033-05-15 USDGenesis Energy L.P. | United States | 2033-05-15 | 8.000 | 7.24 |
| GEL 8.25% 2029-01-15 USDGenesis Energy L.P. | United States | 2029-01-15 | 8.250 | 6.78 |
| GEL 8.88% 2030-04-15 USDGenesis Energy L.P. | United States | 2030-04-15 | 8.875 | 7.32 |
Company overview and issue history are AI generated, and should not be cited or relied on without verification.
Genesis Energy L.P. has a notable history of bond issuances, beginning in 2012 when they launched their initial public debt offering, reflecting their growth trajectory and financing needs. Significant issuances include a $500 million senior unsecured note in 2021, which was used to refinance existing debt and support capital expenditure projects. The company’s bonds currently yield above the industry average, reflecting both investor confidence and its strategic positioning within the market. Recent news involves plans for further bond offerings to fund expansion initiatives, aiming to capitalize on increasing energy demands.