Welcome to our dedicated page for GENESIS ENERGY LP 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.
Genesis Energy, L.P. filings document the regulatory disclosures of a midstream energy master limited partnership whose common units trade on the NYSE under GEL. The filing record includes Form 8-K reports for operating results, earnings releases, conference-call materials, and non-GAAP measures such as Adjusted EBITDA, Available Cash before Reserves, and Segment Margin.
Material-event filings also describe Genesis Energy's capital structure and financing arrangements, including revolving credit agreements, senior secured borrowing terms, senior unsecured notes, subsidiary guarantees, underwriting agreements, indenture supplements, and tender-offer related debt activity. These disclosures connect the partnership's offshore pipeline, marine transportation, sulfur services, and onshore facilities businesses with its liquidity, leverage, distribution capacity, and governance obligations as a public limited partnership.
GENESIS ENERGY LP director Sharilyn S. Gasaway reported routine equity compensation activity involving phantom units and Common Units - Class A. On April 1, 2026, she exercised 2,491 phantom units, which were paid in cash and deemed converted into 2,491 common units and simultaneously disposed back to the issuer at $17.88 per unit.
She also received a new grant of 2,393 phantom units that will vest on April 1, 2027 and be settled in cash based on the 20-day average closing price before vesting, with distribution equivalent rights accumulating quarterly. After these transactions, she holds 288,364 Common Units - Class A and 10,063 phantom units directly.
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.
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.
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.
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.
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.
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.
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.
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.
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.