| | Business Summary | | Genesis
Energy,
L.P.,
through
its
affiliated
limited
partnership,
Genesis
Crude
Oil,
L.P.,
and
its
subsidiary
partnerships
is
principally
engaged
in
the
purchase
and
aggregation
of
crude
oil
at
the
wellhead,
and
the
bulk
purchase
of
crude
oil
at
pipeline
and
terminal
facilities
for
resale
at
various
points
along
the
crude
oil
distribution
chain,
which
extends
from
the
wellhead
to
aggregation
and
terminal
facilities,
refineries
and
other
end
markets.
The
Company
gathers
approximately
96,000
barrels
per
day
at
the
wellhead,
principally
in
the
southern
and
southwestern
states.
In
addition
to
its
gathering
and
marketing
business,
Genesis'
operations
include
transportation
of
crude
oil
at
regulated
published
tariffs
on
its
three
common
carrier
pipeline
systems.
The
pipelines
are
in
Texas,
Mississippi/Louisiana
and
Florida/Alabama. | | More
from
Market Guide: Expanded
Business Description |
| | Financial Summary | | Genesis
Energy,
L.P.
is
engaged
in
the
purchase
and
aggregation
ofcrude
oil
at
the
wellhead
and
the
bulk
purchase
of
crude
oil
for
resale.
For
the
three
months
ended
3/31/01,
revenues
fell
7%
$930.3
million.
Net
income
applicable
to
limited
partners
totaled
$3.3
million
vs.
a
loss
of
$569
thousand.
Revenues
reflect
a
decrease
in
gathering
and
marketing
volumes.
Net
income
reflects
an
increase
in
gross
margins
and
a
gain
on
the
change
in
the
fair
value
of
derivatives. Recent Earnings Announcement
For
the
3
months
ended
06/30/2001,
revenues
were
920,879;
after
tax
earnings
were
2,500. (Preliminary; reported in thousands of dollars.) | | More
from
Market Guide: Significant
Developments |
| | | | FY2000 Pay | |
| A. Richard Janiak, 54
Chairman | -- | Mark Gorman, 46
Pres,
CEO, Director | $320K | John VonBerg, 47
Vice
Chairman, Exec. VP, Trading and Price Risk Management | 368K | Ross Benavides, 47
CFO,
Sec., Gen. Counsel | 200K | John Fetzer, 47
Exec.
VP | 320K | | Dollar
amounts are as of 31-Dec-2000 and compensation values are for the fiscal year ending on that date; "Pay" is salary, bonuses, etc.. |
| More
from
Market Guide on Officers & Directors:
Expanded
List, Bios,
Compensation,
Options
|
|
![[one-year price graph]](http://chart.yahoo.com/c/0b/g/gel.gif)