$GEL

RBC Capital reduced its price target for Genesis Energy (GEL) to $17 from $18, citing offshore production challenges. The stock trades at $14.44, offering a 5.6% dividend yield. Q3 earnings are due November 5. Q2 earnings beat estimates with $0.26 per unit and $532M revenue. RBC maintains an Outperform rating.

Calumet reported $1.45B revenue, up 40.8% YoY, beating estimates. Kodiak Gas Services reported $391.1M revenue, up 21.1% YoY, missing EPS estimates. Expand Energy reported $2.51B revenue, down 10.6% YoY, beating estimates. Genesis Energy reported $532M revenue, up 41% YoY, beating estimates. Stocks reacted accordingly.

Genesis Energy (GEL) announced Q3 2026 cash distributions: $0.20 per common unit, $0.9473 per preferred unit. Payable Nov. 13, 2026 to holders of record Oct. 30, 2026. Maintains current payout levels, with potential for changes after Nov. 5 earnings.

ALPS Advisors and Alerian MLP ETF each reported owning over 24.6M common units of Genesis Energy LP (GEL) as of June 30, 2026, representing about 20% of the class. Both hold shared voting and dispositive power. ALPS Advisors disclaims beneficial ownership except under SEC Rule 13(d).

Kinder Morgan (KMI) and other infrastructure stocks reported strong Q2 earnings, with revenues up 14.1% on average. KMI's revenue rose 10.8% YoY, beating estimates. Genesis Energy (GEL) saw a 41% revenue increase, while DHT Holdings (DHT) had 174% growth. Expand Energy (EXE) and Kodiak Gas Services (KGS) also reported, with mixed results. Stocks in the sector are up 9.2% on average since earnings.

Seven midstream energy companies in the Alerian Midstream Energy Index (AMNA) spent $856 million on buybacks in 2Q26, led by Cheniere Energy (LNG) with $550 million. Other active buyers included Enterprise Products Partners (EPD), MPLX (MPLX), Targa Resources (TRGP), and Antero Midstream (AM).

The New York Times reports Greenland Energy Co. is seeking approval to drill exploratory wells at Jameson Land, Greenland, after a June community meeting drew criticism over profit sharing and environmental impacts. Greenland authorities pushed final approvals back to unlikely before 2028, and Greenland Energy shifted to one well. Its shares fell to about $1. The project is backed by Dr. Phil and Gov. Jeff Landry, with documents reviewed by the Times citing a pre-policy-change license.

Fortune reports Texas-based Greenland Energy’s planned east Greenland test well has been delayed multiple times. After local opposition and permitting slowdowns, drilling was pushed from summer to winter on the Greenland government’s request, then again to end-2027 due to equipment-mobilization issues. Greenland Energy, which went public on Nasdaq in March, says it remains financially sound despite an ~85% market-cap drop to about $54 million.

Genesis Energy (GEL) reported Q2 results that exceeded Wall Street expectations, citing asset sales, cost savings, and temporary margin gains. CEO Grant Sims said the company cut the all-in annual run-rate cost of capital on existing businesses by about $25 million and is continuing to reduce high-cost preferred equity. Analysts asked about sustainability of margins and timing of further retirements; no further questions followed.

A Texas-based energy exploration firm, Greenland Energy, says it unloaded and stored drilling equipment in east Greenland without authorization, prompting an outcry. The Greenland government issued a strong warning that future logistics must be notified and approved by the mineral resources authority. Greenland Energy says it was taking a preliminary step toward exploration and disputes the need for broader authorization.