Genesis Energy L P SEC Filings

Genesis Energy, L.P. (GEL) reported Q3 2025 results reflecting stronger operations from continuing businesses and the impact of a major divestiture earlier in the year. Revenue was $414,001, up from $397,291 a year ago, led by offshore pipeline transportation $143,306. Operating income rose to $78,591 from $48,577. Net income from continuing operations was $22,776, while the partnership reported a net loss to common unitholders of $(5,661) after preferred distributions.

Year-to-date results were dominated by the February 28 sale of the Alkali Business, generating proceeds of approximately $1.0 billion and a loss on disposal of $(432,193), resulting in a YTD net loss of $(427,519). The company used cash to streamline its capital structure, including redeeming $406,245 of 2027 notes and repurchasing $262,500 of preferred units. At quarter-end, credit facility borrowings were $58,600 with $736,900 available, and senior unsecured notes outstanding totaled $3,137,960 in principal. Common distributions remained at $0.165 per unit.

Genesis Energy, L.P. furnished an earnings press release for the quarter ended September 30, 2025 and hosted a webcast conference call on October 30, 2025 at 9:00 a.m. Central (10:00 a.m. Eastern). A copy of the release was included as Exhibit 99.1, and the webcast replay is available on the company’s website for 30 days.

The information under Item 2.02 and Exhibit 99.1 was furnished, not filed, under the Exchange Act. The company highlighted non-GAAP measures, including Adjusted EBITDA, Available Cash before Reserves, and total Segment Margin, with reconciliations to GAAP provided in the accompanying schedules.

Genesis Energy LP received a Schedule 13G/A showing that ALPS Advisors, Inc. and the Alerian MLP ETF report shared beneficial ownership of common units representing limited partner interests. ALPS Advisors reports beneficial ownership of 24,019,255 units, equal to 19.61% of the class, while Alerian MLP ETF reports 23,837,648 units, equal to 19.47%. Both reporting persons state they have no sole voting or dispositive power and only shared voting and dispositive power for the units listed. The filing clarifies that ALPS Advisors serves as investment adviser to funds that own the securities and disclaims beneficial ownership beyond that advisory role. The signatures are dated 10/01/2025.

Genesis Energy LP (GEL) director Conrad P. Albert reported transactions on 10/01/2025 affecting his holdings of Common Units - Class A and related phantom units. The filing shows a deemed disposition of 2,917 phantom units in exchange for an acquisition of 2,917 Class A common units, increasing his reported beneficial ownership to 17,917 Class A units. Separately, 2,917 Class A units were disposed of at a price of $16.53, leaving 15,000 Class A units after that disposition. The filing also shows acquisition of 2,533 phantom units that vest on 10/01/2026 and will be paid in cash based on the 20-day average closing price before vesting, with tandem distribution-equivalent rights accrued and paid quarterly.

Insider transaction summary for GENESIS ENERGY LP (GEL): Director Jack T. Taylor reported transactions on 10/01/2025 involving phantom unit awards and Common Units - Class A. A tranche of 2,917 phantom units vested and were treated as a disposition: the vesting was deemed an acquisition of 2,917 underlying Common Units followed by a simultaneous disposition of those units to the issuer for cash based on the 20-day average closing price prior to vesting. The Form 4 shows a reported disposal price of $16.53 per unit for 2,917 units. After these transactions, the reporting person beneficially owned 32,865 Common Units - Class A. Additionally, 2,609 phantom units were granted on 10/01/2025 with a 10/01/2026 vesting date and include accrued distribution-equivalent rights to be paid quarterly.

Kenneth M. Jastrow II, a director of Genesis Energy LP (GEL), reported transactions on 10/01/2025 involving phantom units and common units. The filing shows 3,009 phantom units treated as vested/settled and paid in cash based on the 20‑day average closing price prior to vesting, which was deemed a disposition of the phantom units and a simultaneous acquisition and disposition of the underlying Common Units - Class A. A reported sale/disposition of 3,009 Common Units - Class A occurred at $16.53 per unit. After the transactions, the filing reports beneficial ownership changes reflected in both non‑derivative and derivative tables, and remaining phantom unit awards that will vest on 10/01/2026.

James E. Davison, Jr., a director of Genesis Energy LP (GEL), reported insider transactions dated 10/01/2025. The filing shows a deemed acquisition of 2,778 Common Units - Class A via vesting of phantom units and a simultaneous cash payment/disposition treatment, plus a reported cash payout upon vesting based on the 20-day average closing price. The report also records a disposition of 2,778 Common Units at a price of $16.53 and continuing beneficial ownership in multiple trusts: 446,461, 446,462, 446,460, and 187,856 Common Units attributable to named trusts. Additional phantom units (2,420) were granted with a 10/01/2026 vesting and include distribution-equivalent rights. The reporter disclaims beneficial ownership except to the extent of pecuniary interest.

Genesis Energy LP insider James E. Davison reported transactions on 10/01/2025 involving Class A common units and related phantom units. Mr. Davison received 2,778 vested phantom units that were treated as a disposition of the phantom units and an acquisition of the underlying Common Units - Class A, and those vested units were paid in cash based on the 20-trading-day average closing price prior to vesting. On the same date 2,778 Common Units - Class A were sold at a price of $16.53 each. Following the reported activity, the filing shows Mr. Davison directly beneficially owns approximately 2.717 million Common Units - Class A and indirectly owns 1,010,835 Common Units through Terminal Services, Inc., of which he is the sole stockholder.

Sharilyn S. Gasaway, a director of Genesis Energy LP (GEL), reported transactions on 10/01/2025 involving Class A common units and related phantom-unit awards. The filing shows a deemed conversion/settlement of 3,009 phantom units that were paid in cash based on the 20‑day average closing price, followed by a disposition of the underlying 3,009 Common Units at $16.53 per unit, leaving her with 288,364 Class A common units. The report also records a new award of 2,533 phantom units scheduled to vest on 10/01/2026, which will be paid in cash based on the 20‑day average price and includes accrued distribution equivalents paid quarterly.