Here are the 10-K annual reports from Genesis Energy L P (GELPP) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-K covers the audited annual report, with the full financial statements, so if you follow GELPP 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 GELPP filings page.
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.