Genesis Energy L P SEC Filings

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.

Global X Management Company LLC reported beneficial ownership of 4,889,794 common units of Genesis Energy L.P., representing 3.99% of the class. The filing states GXMC acts as investment adviser to the Global X MLP ETF, and therefore may be deemed the beneficial owner of the units held by that fund, but disclaims rights to receive dividends or sale proceeds. The units were acquired in the ordinary course of business and are not held to change or influence control of Genesis Energy. The filing identifies GXMC as a Delaware- organized registered investment adviser and provides its New York business address.

Genesis Energy (GEL) Q2-25 10-Q reflects the February sale of its Alkali Business.

Financials (continuing ops): revenue fell 12% YoY to $377 million, but operating income rose 36% to $67.7 million. Net income swung to a $10.0 million profit (vs. $4.0 million loss).

Discontinued ops: Alkali divestiture delivered $996 million net cash yet booked a $432 million loss, producing a six-month GAAP loss of $450 million and a common-unit deficit of $(273) million.

Balance sheet: credit-facility borrowings cut to $71.6 million (from $291 million); $406 million of 8.0% 2027 notes redeemed; $262.5 million of preferred units repurchased. Total unsecured notes now $3.04 billion. Liquidity: $724 million revolver availability.

Segments: Offshore pipeline revenue +27% to $125 million (Segment Margin $88 million); Marine flat; Onshore −31% on weaker product sales. Construction-in-progress $327 million focused on offshore projects.

Cash flow: operating cash $72 million (vs. $231 million). Investing cash inflow $873 million; financing outflow $970 million.

Covenants: Revolver downsized to $800 million; max leverage temporarily eased to 5.75× through Q3-25.

Distributions: $0.165/unit common and $0.9473/unit on remaining preferreds declared for August 14 payment.

Management prioritises debt reduction and offshore growth while monitoring covenant headroom.

Genesis Energy, L.P. (NYSE: GEL) filed a Form 8-K dated 31 July 2025 under Item 2.02 to furnish its second-quarter 2025 earnings press release (Exhibit 99.1) and announce a webcast conference call on 31 July 2025 at 9:00 a.m. CT (10:00 a.m. ET). The filing itself contains no quantitative financial results; investors must refer to the press release for numbers.

The partnership reiterates its reliance on three non-GAAP metrics—Adjusted EBITDA, Available Cash before Reserves, and Segment Margin—and provides detailed definitions, purposes and reconciliation references. Management distinguishes between discretionary and non-discretionary maintenance capital and introduces “maintenance capital utilized” as a proxy for required spend when deriving Available Cash before Reserves.

The disclosure clarifies that the information is “furnished” rather than “filed” under Exchange Act Section 18, limiting liability and incorporation by reference. No updates on guidance, distribution policy, capital structure, or other material events are included.