Genesis Energy Q2 Profit Down - Quick Facts

(RTTNews) - Texas-based Genesis Energy, L.P. (GEL) Thursday reported a drop in second-quarter net earnings amid a decline in revenues.

For the three months to June, net earnings decreased to $21.15 million or $0.24 per share, from $26.9 million or $0.33 per share a year earlier.

On average, eleven analysts polled by Thomson-Reuters estimated the company's earnings to be $0.35 for the quarter. Analysts' estimates typically exclude one-time items.

Adjusted EBITDA stood at $70.13 million, compared with $58.99 million a year earlier.

Revenues declined to $1.01 billion from $1.07 billion in the same period last year. Analysts expected revenues of $1.16 billion.