Genesis Energy L P Stock Price, News & Analysis

Genesis Energy (NYSE:GEL) reported Q2 2025 financial results with a net loss of $0.4 million, improving from an $8.7 million loss in Q2 2024. The company generated operating cash flows of $47.0 million and Available Cash before Reserves of $32.2 million, providing 1.59X coverage for the quarterly distribution of $0.165 per common unit.

Key highlights include the successful commissioning of the Shenandoah production facility, which delivered first oil through the SYNC pipeline lateral. The company expects Salamanca to achieve first oil by Q3 end, with both projects anticipated to reach peak production of 90-100 kbd and 40-50 kbd respectively.

Genesis exited Q2 with $72 million outstanding on its credit facility and expects to clear this balance by year-end. The company maintains a bank leverage ratio of 5.52X and plans to focus on debt reduction, possible redemption of corporate preferreds, and potential increased distributions to unitholders.

Genesis Energy (NYSE:GEL) has declared its quarterly cash distribution for Q2 2025. Common unit holders will receive $0.165 per unit ($0.66 annualized), while Class A Convertible Preferred unit holders will receive $0.9473 per unit ($3.7892 annualized). The distribution will be paid on August 14, 2025 to holders of record as of July 31, 2025.

The company will announce its Q2 2025 earnings on July 31, 2025, before NYSE market opening, followed by a conference call at 9:00 a.m. CDT. Genesis Energy operates as a diversified midstream energy master limited partnership, focusing on offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities in the Gulf Coast region.

Genesis Energy (NYSE:GEL) has announced the availability of its 2024 Schedule K-3 tax document, which contains information about items of international tax relevance. The document is accessible online through www.taxpackagesupport.com/Genesis or via the company's website.

The Schedule K-3 is primarily relevant for foreign unitholders, those computing foreign tax credits, and certain corporate/partnership unitholders. While physical copies won't be automatically mailed, unitholders can request electronic or paper copies by calling 844-649-0506.

Genesis Energy (NYSE: GEL), a diversified midstream energy master limited partnership, has announced its participation in two major investor conferences in New York City. The company will host investor meetings at the 2025 RBC Capital Markets Global Energy, Power & Infrastructure Conference on June 4 and the 2025 BofA Securities Energy and Power Credit Conference on June 5. The company's latest presentation materials are available for download on their website under the Investors tab. Genesis Energy's operations span offshore pipeline transportation, marine transportation, and onshore transportation services, primarily focused in the Gulf Coast region of the United States and the Gulf of America.

Genesis Energy (NYSE: GEL), a diversified midstream energy master limited partnership, announced its participation in the 22nd Annual Energy Infrastructure CEO & Investor Conference on May 21-22, 2025, in Aventura, Florida. The company will host investor meetings during the event.

Genesis Energy operates in multiple sectors including offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. Their operations are primarily concentrated in the Gulf Coast region of the United States, Wyoming, and the Gulf of Mexico.

Genesis Energy (NYSE: GEL) reported a challenging Q1 2025 with a Net Loss of $469.1 million, compared to Net Income of $11.4 million in Q1 2024. The company completed the sale of its soda ash business to WE Soda Ltd for $1.425 billion, using proceeds to pay down debt and repurchase $250 million of preferred units. Key financial metrics include: Operating Cash Flow of $24.8 million (down from $125.9 million), Total Segment Margin of $121.4 million, and Adjusted EBITDA of $131.7 million. The company expects 2025 Adjusted EBITDA of $545-575 million. Two major Gulf of America projects, Shenandoah and Salamanca, are nearing completion with production expected to begin in June and Q3 2025 respectively. The company has reduced annual cash costs by over $120 million and maintains a bank leverage ratio of 5.49X.

Genesis Energy (NYSE: GEL) has declared its quarterly cash distribution for Q1 2025. Common unit holders will receive $0.165 per unit ($0.66 annualized), while Class A Convertible Preferred unit holders will get $0.9473 per unit ($3.7892 annualized). The distribution will be paid on May 15, 2025 to holders of record as of April 30, 2025.

The company will announce its Q1 2025 earnings on May 8, 2025, before NYSE trading hours, followed by a conference call at 9:00 a.m. CDT. Genesis Energy is a Houston-based diversified midstream energy master partnership, operating in offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region.

Genesis Energy (NYSE: GEL) has announced significant progress in its balance sheet simplification following the receipt of approximately $1.010 billion in cash from the sale of its Alkali Business. The company has:

• Paid off its senior secured revolving credit facility, saving ~$25 million in annual cash interest
• Called remaining 8.0% senior unsecured notes due 2027, saving ~$33 million in annual interest
• Purchased $250 million of Class A convertible preferred units, eliminating ~$28 million in annual preferred distributions

Combined with $37 million savings from ORRI bonds transfer, these actions reduce annual cash costs by over $120 million ($1.00 per common unit). The company expects to generate excess free cash flow and aims to manage its leverage ratio towards a 4.0x target while considering capital returns to unitholders.

Genesis Energy (NYSE: GEL) has announced the availability of its 2024 tax packages, including Schedule K-1s, which can now be accessed online through their dedicated tax support website or company website. The partnership plans to complete the mailing of physical tax packages by March 11th, 2025.

Unitholders seeking assistance can contact Tax Package Support at 844-649-0506 on weekdays between 8:00 a.m. and 5:00 p.m. CT. Genesis Energy operates as a diversified midstream energy master partnership based in Houston, with operations spanning offshore pipeline transportation, marine transportation, sulfur services, and onshore facilities, primarily in the Gulf Coast region and Gulf of America.