Genesis Energy Q4 Profit Slides - Quick Facts

(RTTNews) - Genesis Energy LP's (GEL) fourth-quarter 2013 net income from continuing operations dropped to $16.7 million, or $0.19 per unit, from $27 million, or $0.34 per unit, for the same period in 2012, due mainly to the combination of an increase in unrealized losses on derivative transactions of $2.8 million, an increase in depreciation and amortization expense of $2.3 million and higher interest expense of $2.1 million. Quarterly net income per common unit stood at $0.20. On average, 12 analysts polled by Thomson Reuters expected earnings per share of $0.36 for the quarter. Analysts' estimates typically exclude one-time items.

On the other hand, revenues for the tri-monthly period were $961.04 million, an increase from last year's $919.06 million, whereas 9 analysts estimated revenues of $1.45 billion for the quarter.