Every 10-Q that Genesis Energy, L.P. (GEL) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow GEL and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full GEL filings page.
Genesis Energy, L.P. reported stronger results for the three and six months ended June 30, 2026. Quarterly revenues rose 41% to 531,995, with amounts stated in thousands of dollars, and operating income increased to 105,436. Net income attributable to Genesis was 42,857, versus a loss of 406 a year earlier, and common unitholders earned $0.26 per unit from continuing operations. Prior‑year six‑month results were heavily affected by the 2025 sale of the Alkali Business, reported as discontinued operations.
Performance improved mainly in the offshore pipeline transportation segment, where Segment Margin increased to 115,625, and in onshore transportation and services, while marine transportation Segment Margin declined modestly. Overall Segment Margin grew 25% to 169,482, aided by a 17,436 gain on the divestiture of non‑core offshore natural gas pipeline and platform assets.
Operating cash flow for the first six months climbed to 262,484, supporting balance‑sheet moves. Genesis issued $750,000 of 6.750% senior unsecured notes due 2034, retired its 2028 notes, reduced outstanding Class A Convertible Preferred Units to 9,236,530 through repurchases, fully repaid borrowings under its senior secured revolver, and put in place a 99,500 accounts receivable securitization facility, leaving 894,400 of revolver availability at June 30, 2026.
Genesis Energy, L.P. generated net income from continuing operations of $19.1M in Q1 2026, reversing a $36.6M loss a year earlier, as Segment Margin rose 29% to $156.4M on stronger offshore pipeline volumes and sharply lower general and administrative costs.
Total revenue increased to $446.6M from $398.3M, while cash flow from operating activities improved to $81.7M from $24.8M. After $13.6M of preferred distributions, common unitholders recorded a small net loss of $6.8M, or $(0.06) per unit.
The partnership ended March 31, 2026 with $3.22B of long-term debt, including a new $750M 6.750% 2034 note issue used to retire 2028 notes and fund $137.2M of Class A Convertible Preferred Unit redemptions, and had $74.1M drawn on a $900M revolving credit facility.
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 (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.