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Genesis Energy L P SEC Filings

GEL NYSE

Welcome to our dedicated page for Genesis Energy L P SEC filings (Ticker: GEL), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.

The Genesis Energy, L.P. (NYSE: GEL) SEC filings page on Stock Titan provides access to the partnership’s regulatory disclosures, including current reports on Form 8-K and other documents filed with the U.S. Securities and Exchange Commission. Genesis uses these filings to furnish earnings press releases, describe segment performance and explain the non-GAAP financial measures it relies on to evaluate its diversified midstream energy operations.

In recent Form 8-K filings, Genesis has furnished press releases detailing quarterly results and outlining measures such as Adjusted EBITDA, Available Cash before Reserves and total Segment Margin. The partnership explains how these non-GAAP metrics are used alongside GAAP results to assess the financial performance of its offshore pipeline transportation, marine transportation and onshore transportation and services segments, as well as to evaluate maintenance capital requirements, leverage and the capacity to make discretionary payments like distributions and growth capital expenditures.

These filings also describe concepts such as maintenance capital expenditures and maintenance capital utilized, which Genesis presents as a proxy for non-discretionary maintenance capital in deriving Available Cash before Reserves. By reviewing the SEC documents, users can see how the partnership defines these terms, discusses Select Items that affect Adjusted EBITDA and frames its approach to capital allocation within the midstream energy industry.

Stock Titan’s filings page is designed to surface Genesis Energy’s SEC reports as they are made available on EDGAR and to pair them with AI-powered summaries that highlight key definitions, segment discussions and financial measures. This helps readers navigate detailed regulatory language and focus on the disclosures that matter most for understanding GEL’s midstream business and partnership structure.

Rhea-AI Summary

Genesis Energy, L.P. entered into an Eighth Amended and Restated Credit Agreement providing a $900 million senior secured revolving credit facility, replacing its prior facility. The agreement allows the total facility to increase to up to $1.3 billion, subject to lender consent and customary conditions.

The new facility generally matures on March 4, 2031, but this date moves earlier if more than $150 million of Genesis’s 8.250% senior notes due 2029 remain outstanding on October 16, 2028 or if more than $150 million of its 8.875% senior notes due 2030 remain outstanding on January 14, 2030. Borrowings bear interest at either an alternate base rate or Term SOFR plus a margin that varies with Genesis’s leverage ratio.

The facility is secured by guarantees from substantially all Restricted Subsidiaries and liens on a substantial portion of Genesis’s assets, and it includes financial covenants on leverage and interest coverage. Genesis used proceeds from this new facility to repay in full all amounts outstanding under the prior credit agreement.

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Rhea-AI Summary

Genesis Energy, L.P. has completed an offering of $750 million in 6.750% senior notes due 2034, issued under its existing indenture and guaranteed by certain subsidiaries. The partnership plans to use the net proceeds to purchase or redeem any and all of its 7.75% senior notes due 2028 and for general partnership purposes, including repaying part of the borrowings under its senior secured credit facility. The new notes are senior unsecured obligations ranking equally with Genesis’ other senior unsecured debt, pay interest semiannually starting September 15, 2026, and mature on May 15, 2034.

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Rhea-AI Summary

Genesis Energy, L.P. entered into an underwriting agreement for a public debt offering and has priced $750 million of 6.75% senior unsecured notes due 2034, co-issued with Genesis Energy Finance Corporation and guaranteed by most subsidiaries.

Genesis expects approximately $737.0 million in net proceeds. It plans to use the cash to purchase or redeem any and all of its outstanding 7.75% senior notes due 2028 and for general partnership purposes, including repaying part of the revolving borrowings under its senior secured credit facility. The notes are issued under an existing shelf registration and are expected to settle on March 4, 2026, subject to customary closing conditions.

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Rhea-AI Summary

Genesis Energy, L.P. is offering $750,000,000 of 6.750% Senior Notes due 2034. The notes accrue interest at 6.750% per annum, payable semi‑annually on March 15 and September 15, commencing September 15, 2026, and mature on March 15, 2034.

The notes will be senior unsecured obligations of the issuers, guaranteed on a senior unsecured basis by the Company’s domestic guarantor subsidiaries (excluding Finance Corp. and certain designated unrestricted subsidiaries). Genesis intends to use net proceeds (approximately $737.0 million) to fund a cash tender offer for the $679.4 million aggregate principal amount of its 2028 notes and for general partnership purposes.

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Genesis Energy, L.P. proposes an offering of $500,000,000 aggregate principal amount of senior notes due 2034, subject to completion (dated February 18, 2026).

Net proceeds are expected to be approximately $490.8 million and are intended principally to fund a concurrent tender offer to purchase up to $490.0 million aggregate principal amount of its 7.75% notes due 2028 and for general partnership purposes, including repaying revolving borrowings under its senior secured credit facility. The tender consideration is $971.25 per $1,000 principal amount tendered, with an early tender premium of $30.00 (total $1,001.25 for early tenders), and the tender offer expires at 5:00 p.m. New York City time on March 18, 2026 unless extended. Pro forma indebtedness after the offering and assumed purchases is approximately $3,099.3 million, with pro forma available borrowing capacity under the senior secured credit facility of approximately $785.1 million as of December 31, 2025.

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Rhea-AI Summary

Genesis Energy, L.P. provides a detailed 2025 annual overview focused on midstream crude oil and natural gas services in the Gulf of America and Gulf Coast. The partnership now operates through three segments: offshore pipeline transportation, marine transportation, and onshore transportation and services, including sulfur services.

In 2025 Genesis sold its Wyoming-based Alkali Business for a gross $1.425 billion, generating approximately $1.0 billion of proceeds used to repay borrowings under its senior secured credit facility, repurchase 7,416,196 Class A convertible preferred units and redeem $406.2 million of 8.000% senior unsecured notes due 2027. The sale triggered a segment reorganization, moving sulfur services into onshore transportation and services.

Genesis also completed major offshore growth projects: the expansion of its 64%-owned CHOPS Pipeline and construction of the 105‑mile, 20‑inch SYNC Pipeline. First production from the Shenandoah and Salamanca deepwater developments arrived in the third quarter of 2025, with Shenandoah volumes exceeding minimum volume commitments. As of December 31, 2025, Genesis reported $788.6 million of availability under its $800.0 million senior secured credit facility, supporting its stated strategy to grow stable free cash flow and deleverage while maintaining significant liquidity.

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Rhea-AI Summary

Genesis Energy, L.P. reported much stronger fourth quarter 2025 results, swinging to Net Income Attributable of $19.9 million from a $49.4 million loss a year earlier. Cash Flows from Operating Activities rose to $110.8 million from $74.0 million, reflecting healthier underlying cash generation.

For the quarter, Available Cash before Reserves to common unitholders was $61.1 million, covering the quarterly common distribution of $0.18 per unit by 2.77x, after paying $14.9 million on preferred units. Total Segment Margin increased to $174.0 million, and Adjusted EBITDA reached $157.8 million.

For full-year 2025, Adjusted EBITDA was about $544 million, near the low end of prior guidance, while Adjusted Consolidated EBITDA for the trailing twelve months was $588.1 million, supporting a bank leverage ratio of 5.12x. Management highlights growth in offshore pipeline volumes from the Shenandoah and Salamanca developments, the sale of its Alkali business for roughly $1.0 billion in net proceeds, sharply reduced credit facility borrowings to about $6.4 million, and a 9.1% increase in the common distribution as key steps in repositioning Genesis as a focused, cash-generative midstream partnership.

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Rhea-AI Summary

Genesis Energy, L.P. and Blackstone-affiliated holders amended their ownership report after a repurchase of preferred units. On February 3, 2026, Genesis agreed to repurchase 741,620 Preferred Units from GSO Rodeo at $33.71 per unit, and the deal closed the same day.

After this transaction, the Blackstone-related reporting persons beneficially owned 6,293,307 Genesis Class A common units, or 4.9% of the class, based on 122,424,321 units outstanding as of October 29, 2025 plus units issuable from GSO Rodeo’s remaining preferred units. Because their stake fell below the 5% reporting threshold, this amendment is identified as their final Schedule 13D filing for Genesis.

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Genesis Energy LP received an updated ownership report showing that institutional investor ALPS Advisors, Inc. and its fund Alerian MLP ETF collectively report large passive stakes in the partnership’s common units. ALPS Advisors is deemed to beneficially own 24,909,448 common units, representing 20.34% of the class, through investment funds it advises. Alerian MLP ETF separately reports beneficial ownership of 24,731,664 common units, or 20.2% of the class.

The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of Genesis Energy. ALPS Advisors explains that all reported securities are owned by its funds, that it may be deemed a beneficial owner because it has voting and/or investment power, and that it disclaims beneficial ownership outside of Section 13(d) reporting purposes.

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Genesis Energy LP director Sharilyn S. Gasaway reported equity-based compensation activity involving the partnership’s Common Units - Class A on 01/02/2026. She exercised 3,851 phantom units, which were deemed exchanged for an equal number of common units and simultaneously disposed of to the issuer, with cash paid based on the average closing price for the 20 trading days before vesting, including a price of $15.74 for the common units. Following these transactions, she directly beneficially owned 288,364 Common Units - Class A. She also received a new award of 2,637 phantom units, scheduled to vest on 01/02/2027, bringing her total phantom unit holdings to 10,161, which include tandem distribution equivalent rights accrued and paid quarterly.

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FAQ

What is the current stock price of Genesis Energy L P (GEL)?

The current stock price of Genesis Energy L P (GEL) is $17.87 as of March 11, 2026.

What is the market cap of Genesis Energy L P (GEL)?

The market cap of Genesis Energy L P (GEL) is approximately 2.2B.

GEL Rankings

GEL Stock Data

2.19B
108.44M
Oil & Gas Midstream
Pipe Lines (no Natural Gas)
Link
United States
HOUSTON

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