Earnings summaries and quarterly performance for GENESIS ENERGY.
Executive leadership at GENESIS ENERGY.
Board of directors at GENESIS ENERGY.
Research analysts who have asked questions during GENESIS ENERGY earnings calls.
Recent press releases and 8-K filings for GEL.
Genesis Energy Reports Q3 2025 Results, Highlights Offshore Segment Growth
GEL
Earnings
Guidance Update
New Projects/Investments
- Genesis Energy's Q3 2025 results were broadly in line with expectations, with strong performance from its Offshore Pipeline Transportation segment offsetting temporary challenges in the Marine Transportation segment that have largely subsided.
- The Offshore Pipeline Transportation segment benefited from the ramp-up of new Floating Production Units (FPUs); Shenandoah reached its target production rate of 100,000 barrels per day (kbd) in early October, and Salamanca commenced production with plans to ramp to 40,000 barrels a day.
- Total throughput on the company's main CHOPS and Poseidon pipelines has exceeded 700,000 barrels a day in recent days and is expected to regularly surpass this level as new projects reach full potential.
- The company generated excess cash in Q3 2025, which was used to reduce outstanding borrowings, and anticipates continued debt reduction, leading to a significant and rapid improvement in its leverage ratio throughout 2026. Management also noted a potential incremental $160 million a year in offshore segment margin if new projects meet forecasts, utilizing only half of existing capacity.
Oct 30, 2025, 2:00 PM
Genesis Energy, L.P. Reports Q3 2025 Results with Key Project Milestones
GEL
Earnings
New Projects/Investments
Guidance Update
- Genesis Energy, L.P. reported Adjusted EBITDA of $132.0 million for the third quarter of 2025.
- The company's leverage ratio was 5.41x at the end of Q3 2025, with a long-term priority to maintain it at or near 4.0x.
- The Shenandoah and Salamanca developments achieved first oil in late July and late September, respectively, with Shenandoah ramping up to its targeted rate of 100 kbd in early October.
- Genesis Energy generated free cash flow in excess of the cash costs of running its businesses in Q3 2025, which was used to pay down its senior secured credit facility, and expects to continue this in Q4 2025.
- The company's capital allocation strategy focuses on reducing debt, opportunistically redeeming high-cost corporate preferred securities, and thoughtfully evaluating increases in the current $0.165 per common unit quarterly distribution.
Oct 30, 2025, 2:00 PM
Genesis Energy, L.P. Reports Q3 2025 Results
GEL
Earnings
Guidance Update
New Projects/Investments
- Genesis Energy, L.P. reported Net Income Attributable to Genesis Energy, L.P. of $9.2 million for the third quarter of 2025, a significant improvement from a net loss of $17.2 million in the same period of 2024.
- The company achieved Adjusted EBITDA of $132.0 million for Q3 2025, contributing to a trailing twelve months Adjusted Consolidated EBITDA of $566.6 million and a bank leverage ratio of 5.41X as of September 30, 2025.
- The Offshore pipeline transportation segment margin increased by 40% to $101.3 million in Q3 2025, primarily driven by contractual minimum volume commitments from new developments like Shenandoah and Salamanca.
- Management updated its full-year 2025 Adjusted EBITDA guidance, expecting it to be slightly below the low end of the previously communicated range of $545 to $575 million, due to earlier operational delays and temporary challenges in the marine transportation segment.
Oct 30, 2025, 12:05 PM
Genesis Energy, L.P. Reports Third Quarter 2025 Results
GEL
Earnings
Guidance Update
New Projects/Investments
- Net Income Attributable to Genesis Energy, L.P. for the third quarter of 2025 was $9.2 million, a notable improvement from a net loss of $17.2 million in the prior year's period.
- The company reported Adjusted EBITDA of $132.0 million and Cash Flows from Operating Activities of $70.3 million for Q3 2025.
- Available Cash before Reserves to common unitholders reached $35.5 million, providing 1.76X coverage for the quarterly common unit distribution.
- Genesis Energy, L.P. anticipates full-year 2025 Adjusted EBITDA to be slightly below the low end of its previously communicated guidance range of $545 to $575 million.
- The offshore pipeline transportation segment performed strongly, benefiting from new projects, while the marine transportation segment faced temporary challenges that are now largely behind it.
Oct 30, 2025, 10:00 AM
Genesis Energy, L.P. Reports Q2 2025 Results and Updates 2025 Guidance
GEL
Earnings
Guidance Update
New Projects/Investments
- Genesis Energy, L.P. reported a net loss attributable to Genesis Energy, L.P. of $0.4 million for Q2 2025, an improvement from a $8.7 million net loss for the same period in 2024, and Adjusted EBITDA of $122.9 million for Q2 2025.
- Available Cash before Reserves to common unitholders was $32.2 million for Q2 2025, providing 1.59X coverage for the quarterly common unit distribution.
- The company successfully commissioned and started up the Shenandoah production facility, delivering first oil to its SYNC and CHOPS pipelines, with production expected to ramp to 90-100 kbd; the Salamanca project is on track for first oil by the end of Q3 2025.
- Full-year 2025 Adjusted EBITDA is now anticipated to be at or near the low end of the prior guidance range of $545-$575 million due to project timing delays and producer mechanical issues.
- Management plans to use estimated free cash flow to pay down the senior secured revolving credit facility, aiming for no outstanding borrowings by year-end, and intends to focus on debt reduction, possible preferred unit redemption, and potential for increased common unit distributions.
Jul 31, 2025, 12:00 AM
Genesis Energy LP Q1 2025 Earnings & Strategic Update
GEL
Earnings
New Projects/Investments
Guidance Update
Dividends
- Net loss of $469.1 million in Q1 2025, a stark reversal from a Q1 2024 net income of $11.4 million .
- Completed sale of the soda ash business for an implied enterprise value of $1.425 billion, as part of its business transformation to simplify the balance sheet; the transaction generated approximately $1.0 billion in net proceeds to deleverage and redeem high-cost notes .
- Offshore Expansion: Progress on new FPUs Shenandoah and Salamanca nearing completion with expected first oil in mid-2025 and potential to add nearly 200,000 barrels per day, despite pipeline mechanical issues set for resolution in later quarters .
- Capital Allocation Approach: Management plans to deploy excess free cash flow toward debt reduction, redeeming high-cost preferred units, and enhanced distributions, with guidance pointing to a potential $160 million annual increase in offshore EBITDA .
- Reported Adjusted EBITDA of $131.7 million and segment margin of $121.4 million, bolstered by liquidity from an $800 million credit facility .
- Achieved an annual cash cost reduction of over $120 million while recording operating cash flows of $24.8 million and declaring cash distributions of approximately $19.9 million on preferred units .
May 8, 2025, 2:01 PM
Recent SEC filings and earnings call transcripts for GEL.
No recent filings or transcripts found for GEL.