A partner in a publicly traded master limited partnership owns units in the partnership rather than shares of stock in a corporation. Partners receive cash distributions rather than dividends. Unlike a corporation, partnerships are not subject to federal and state income taxes. Instead, all income, gains, losses, and deductions of a partnership are passed through to the partners, who are required to report their allocable share on their tax returns. Cash distributions are not taxable as long as the partner’s tax basis in the partnership interest exceeds zero. While a corporate shareholder receives a Form 1099 each year reflecting tax information, a unitholder in a partnership receives a tax reporting package including substitute Schedule K-1 and other forms to file with their tax return. The substitute K-1 reports to the unitholders their allocable share of the partnership’s income, gains, losses, and deductions.
Genesis Energy, L.P. is a master limited partnership traded on the New York Stock Exchange under the symbol “GEL”.
- A lost/stolen/destroyed Genesis certificate
- Transfer of a certificate into another name
- Issuance of certificate
- Change of address for certificates
- Information on my account or distribution payments
Contact our transfer agent:
American Stock Transfer & Trust Company
40 Wall St.
New York, NY 10005
No. Common Units are publicly traded on the NYSE Alternext US Exchange. You may purchase units through your banker, broker, or other financial institution.
No. Genesis is a partnership and does not have fractional units.
Genesis’ fiscal year follows the calendar year. Annual and quarterly earnings are generally reported six to seven weeks following the end of the quarter.
No. Genesis does not have a unit buy-back program.