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Genesis Energy, L.P. Extends Common Unit Repurchase Program

1. GEL extends its common equity repurchase program until December 31, 2026. 2. So far, only 114,900 units have been repurchased under the program.

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Why Bullish?

The extension of the repurchase program signals confidence in GEL's valuation and stability. Historically, share buybacks often lead to price appreciation due to reduced supply.

How important is it?

The repurchase program is crucial for investor sentiment, showing a commitment to returning capital. Given the current economic climate, sustained buyback initiatives may drive investor confidence and positively impact stock performance.

Why Long Term?

A longer repurchase timeline until 2026 suggests a sustained commitment to shareholder value. Longer-lasting repurchase programs generally correlate with long-term price growth.

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its Board of Directors has extended its common equity repurchase program for its outstanding Class A common units (the “Program”). The Program, approved on August 8, 2023, was originally scheduled to expire on December 31, 2024. The Board has extended the Program through December 31, 2026, unless expanded and extended prior thereto. To date, Genesis has purchased only 114,900 Class A common units under the Program.

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