Genesis Energy Q1 2024 GAAP EPS $(0.09), Sales $770.105M Down From $790.612M YoY
Portfolio Pulse from Benzinga Newsdesk
Genesis Energy (NYSE:GEL) reported a Q1 2024 GAAP EPS of $(0.09) and sales of $770.105M, marking a 2.59% decrease from $790.612M in the same period last year.
May 02, 2024 | 10:02 am
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NEGATIVE IMPACT
Genesis Energy reported a Q1 2024 loss of $(0.09) per share with a 2.59% decrease in sales compared to last year.
The reported loss per share and decrease in sales year-over-year are likely to negatively impact investor sentiment and could lead to a short-term decrease in stock price. The significance of the earnings report as a key indicator of the company's financial health makes this news highly relevant and important for investors in GEL.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100