Genesis Energy L P (GEL) Stock News

Genesis Energy (NYSE: GEL) reported Q1 2026 results: net income attributable to Genesis of $6.8 million vs. a net loss of $469.1 million in Q1 2025. Cash from operations was $81.7 million. Total Segment Margin was $156.4 million; Adjusted EBITDA was $140.9 million for the quarter. The company reported trailing twelve‑month adjusted consolidated EBITDA of $587.0 million and a bank leverage ratio of 5.38x. Management cited timing and dry‑docking effects, lower near‑term Shenandoah volumes (~$12–$15 million less segment margin in 2026) and expects full‑year Adjusted EBITDA near prior midpoint. Capital actions included a $750 million 6.75% 2034 note issuance and opportunistic repurchases of Series A preferred securities.

Genesis Energy, L.P. (NYSE: GEL) declared quarterly cash distributions for the quarter ended March 31, 2026. Common units will receive $0.18 per unit ($0.72 annualized); Class A convertible preferred units will receive $0.9473 per unit ($3.7892 annualized).

Distributions will be paid May 15, 2026 to holders of record at close of business April 30, 2026. Genesis will report Q1 2026 earnings on May 7, 2026 before the NYSE opens and host a 9:00 a.m. CDT earnings call, webcast via its Investors website. Foreign investor distributions are fully treated as effectively connected income and are subject to federal withholding.

Genesis Energy (NYSE: GEL) on March 4, 2026 closed an upsized, syndicated revolving credit facility with $900 million commitments and an initial maturity of March 4, 2031, adding covenant flexibility and an expanded permitted investment basket. On March 6, 2026 Genesis repurchased about $110 million of Series A convertible preferred units at 102% of par and refinanced 7.75% 2028 unsecured bonds with 6.75% 2034 unsecured bonds, together reducing run-rate cash costs by approximately $12 million per year. Management said the moves strengthen liquidity and support continued capital structure optimization.

Genesis Energy, L.P. (NYSE: GEL) announced early results and the initial settlement date for its cash tender offer for any and all of its 7.750% senior notes due 2028. As of the Early Tender Deadline on March 3, 2026, tenders totaled $415,942,000 of the $679,360,000 aggregate principal outstanding. The Initial Settlement Date is expected to be March 5, 2026; the Final Settlement Date for later tenders is expected to be March 20, 2026. The Tender Offer expires at 5:00 p.m. New York City time on March 18, 2026, unless extended.

The company retained BofA Securities as Dealer Manager and D.F. King & Co. as Tender Agent and Information Agent for questions and document requests.

Genesis Energy, L.P. (NYSE: GEL) announced that its 2025 tax packages including Schedule K-1s are now available online and will be mailed to unitholders by Tuesday, March 10, 2026. Access is via the K-1 Tax Package Support site or the K-1 Tax Information link on the company website.

Unitholders may call Tax Package Support at 844-649-0506 weekdays 8:00 a.m.–5:00 p.m. CT for assistance. Genesis Energy is a Houston-based midstream partnership operating offshore and onshore transportation, marine services, sulfur services, and related facilities primarily in the Gulf Coast and Gulf of America regions.

Genesis Energy, L.P. (NYSE: GEL) will host investor meetings at J.P. Morgan’s 2026 Global Leveraged Finance Conference in Miami, Florida on March 2–4, 2026. The Partnership said its latest investor presentation is available under Investors > Events & Presentations at www.genesisenergy.com.

Genesis is a diversified midstream energy master limited partnership headquartered in Houston, with offshore and onshore pipeline and marine transportation operations concentrated in the Gulf Coast and Gulf of America regions.

Genesis Energy (NYSE: GEL) priced an upsized public offering of $750,000,000 6.75% senior notes due 2034, increased from $500,000,000. The notes price at 100% and will be co-issued with Genesis Energy Finance Corporation and guaranteed by subsidiaries (excluding unrestricted subsidiaries).

Net proceeds are intended to repay outstanding 7.75% senior notes due 2028 and for general partnership purposes, including repayment of revolving borrowings. Settlement is expected on March 4, 2026, subject to customary closing conditions.

Genesis Energy (NYSE: GEL) increased its previously announced cash tender offer for its 7.750% Senior Notes due 2028, removing the $490 million cap so it will accept any and all validly tendered Notes on the offer's terms.

The Early Tender Deadline is March 3, 2026 for a purchase price of $1,001.25 per $1,000 (including a $30 early tender payment); the Expiration Time is March 18, 2026 with a $971.25 purchase price. Settlements are expected March 5 and March 20, 2026. The offer is contingent on net proceeds from a separate senior notes financing.

Genesis Energy, L.P. (NYSE: GEL) commenced a cash tender offer to purchase up to $490 million aggregate principal amount of its 7.750% senior notes due 2028. As of February 18, 2026, $679,360,000 of the Notes were outstanding.

Notes validly tendered by March 3, 2026 (Early Tender Deadline) may receive $1,001.25 per $1,000 plus accrued interest and an early tender payment of $30.00. Notes tendered by the March 18, 2026 Expiration Time may receive $971.25 per $1,000 plus accrued interest. The Tender Offer is contingent on receipt of net proceeds from planned senior notes financing.