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Genesis Energy

#4795

Rank

$1.47B

Marketcap

NZ New Zealand

Country

Genesis Energy
Leadership team

Mr. Grant E. Sims (Chairman & CEO of Genesis Energy LLC)

Mr. Robert V. Deere (Chief Financial Officer of Genesis Energy LLC)

Ms. Kristen O. Jesulaitis (Exec. Officer & Gen. Counsel of Genesis Energy LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Seminole, Texas, United States
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
GNE.NZ
Overview
Location
Summary
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment offers sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to ten refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. Its Onshore Facilities and Transportation segment offers onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates trucks, trailers, railcars, and terminals and tankage with 4.2 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil. It owns four onshore crude oil pipeline systems with approximately 450 miles of pipe in Alabama, Florida, Louisiana, Mississippi, and Texas; and four operational crude oil rail unloading facilities in Baton Rouge, Raceland, and Louisiana, as well as Walnut Hill, Florida and Natchez, Mississippi. Its Marine Transportation segment offers waterborne transportation of petroleum and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. The company was incorporated in 1996 and is headquartered in Houston, Texas.
History

Genesis Energy began business on 1 April 1999, after the reform of the New Zealand electricity market and the breakup of the Electricity Corporation of New Zealand . It took over the Huntly Power Station, Tongariro Power Scheme and Waikaremoana Hydro Scheme from ECNZ, and the Hau Nui Wind Farm and the Kourarau Hydro Scheme from Wairarapa Electricity. It also inherited the retail arms of Powerco, Central Power and Wairarapa Electricity, while Powerco and Central Power concentrated on electricity distribution .

During 2000 to 2002 Genesis Energy purchased several electricity and gas retailing entities, following changes to laws governing the electricity industry. These included electricity retail businesses of Todd Energy, and electricity and gas customers from NGC and Energy Online.

In September 2013, the company announced a change of name from Genesis Power Limited to Genesis Energy Limited.On 17 April 2014, the National Government sold a 49% stake in Genesis Energy through an initial public offering at NZ$1.55 per share.

In February 2018, Genesis Energy announced a pathway to a coal-free electricity future for New Zealand by 2030.

Mission
We provide energy with care. We are committed to delivering reliable, efficient and great value energy services that help Kiwis power their lives and power their business.
Vision
We will be the New Zealand-owned energy provider that Kiwis can trust and rely on, now and into the future.
Key Team

Mr. Garland G. Gaspard (Sr. VP of Operations & Engineering - Genesis Energy LLC)

Mr. Edward T. Flynn (Exec. VP of Genesis Energy LLC)

Mr. Dwayne R. Morley (VP of Bus. Devel. & Investor Relations - Genesis Energy LLC)

Mr. Ryan S. Sims (Sr. VP of Fin. & Corp. Devel. - Genesis Energy LLC)

Ms. Karen N. Pape (Sr. VP & Controller of Genesis Energy LLC)

Mr. Richard R. Alexander (VP of Genesis Energy LLC)

Mr. Chad A. Landry (VP of Genesis Energy LLC)

Recognition and Awards
Genesis Energy has been recognised with a wide range of awards from industry and customer organizations, including being awarded the Consumer NZ People’s Choice Award for Power and Electricity Retailers, the Deloitte Fast 50 Award for Innovation, and the Deloitte Energy Excellence Award for Innovation.
References

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Genesis Energy
Leadership team

Mr. Grant E. Sims (Chairman & CEO of Genesis Energy LLC)

Mr. Robert V. Deere (Chief Financial Officer of Genesis Energy LLC)

Ms. Kristen O. Jesulaitis (Exec. Officer & Gen. Counsel of Genesis Energy LLC)

Products/ Services
Energy, Logistics, Oil and Gas
Number of Employees
1,000 - 20,000
Headquarters
Seminole, Texas, United States
Established
1996
Net Income
100M - 500M
Revenue
Above - 1B
Traded as
GNE.NZ