Genesis Energy

Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment. The Sodium Minerals and Sulfur Services segment comprises Alkali and sulfur removal business. The Onshore Facilities and Transportation segment owns and leases suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading. The Marine Transportation segment provides transportation services by tank barge primarily for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil. The company was founded in 1996 and is headquartered in Houston, TX.

Earnings data Q1 2021

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Genesis Energy reports robust Q4 earnings, eyes growth opportunities

Genesis Energy's Q4 2022 performance reflects financial strength and operational resilience, with a focus on improving leverage and capital structure. The company is optimistic about 2023, aiming to capitalize on growth opportunities in its core business segments and enhance shareholder value through potential capital returns.

Genesis Energy resilient in Q1 amidst challenges, eyes growth

Genesis Energy faced challenges in Q1 2023 due to cold weather impacting soda ash business, but reaffirmed its financial guidance, showcasing resilience and confidence.
The company's strong balance sheet, focus on long-term value creation, and positive performance in key segments position it well for future growth and profitability.
While challenges persist, opportunities in the transitioning soda ash market and strong performance in key segments offer avenues for continued success and value creation.
Management changes and ESG commitments underscore the company's strategic focus on sustainable growth and value creation, aligning with evolving market trends and investor preferences.

Genesis Energy surpasses Q2 expectations, anticipates significant cash flow growth

Genesis Energy delivered strong Q2 results, exceeding expectations and adjusting full-year guidance upwards. While facing challenges in some segments, the company remains optimistic about long-term prospects and anticipates significant cash flow growth. Genesis is focused on completing its capital program and enhancing shareholder returns.

Genesis Energy (GEL) surpasses Q3 expectations, eyes long-term growth

Genesis Energy's Q3 performance exceeded expectations, with a strong focus on long-term growth and value creation across its diversified business segments.
Despite short-term challenges in pricing and lease issues, the company remains optimistic about its fundamentals and is committed to returning value to stakeholders.
With a strategic approach to capital allocation and a resilient business model, Genesis Energy is poised for sustained growth and value creation in the future.

Genesis Energy (GEL) exceeds EBITDA guidance, eyes long-term growth

Genesis Energy's Q4 2023 earnings call highlighted strong financial performance, challenges in the soda ash business, and a focus on long-term value creation. Despite facing pricing pressures, the company remains optimistic about future growth opportunities and is committed to enhancing shareholder value.

Genesis Energy reports strong Q1 earnings, eyes improved pricing

Genesis Energy's Q1 2024 earnings call highlighted solid performance in Offshore Pipeline and Marine Transportation segments. Challenges persist in the Soda and Sulfur Services segment, with opportunities for improved pricing. Management's focus on financial strength and capital allocation positions the company well for future growth.

Genesis Energy projects strong growth, diversification drives resilience

Genesis Energy is poised for strong financial performance and growth, with a focus on long-term value creation and shareholder rewards.
Despite challenges in the Offshore segment, the company's diversified business model and strategic priorities support resilience and opportunity.
Opportunities for growth exist in new developments, improved market dynamics, and efficient capital allocation strategies.
Overall, Genesis Energy's performance, strengths, and opportunities outweigh challenges, positioning the company for sustained success and value creation.

Genesis Energy faces challenges but eyes growth in 2025

Genesis Energy navigated challenges in Q3 2024, with a focus on improving financial performance by year-end and anticipating growth in 2025.
Despite hurdles in the Offshore and Soda and Sulfur Services segments, the company remains committed to safe operations and long-term value creation.
Efforts to evaluate cost-cutting measures and generate excess cash flow by 2025 position Genesis Energy for future growth and financial stability.
Management's confidence in overcoming current challenges and delivering on financial goals underscores the company's resilience and strategic focus.

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HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its 2021 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 through the Partner Relations support website at www.PartnerDataLink.com/Genesis or through the Quick Link on the Genesis Energy Home page at www.genesisenergy.com. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreig

Genesis Energy L.P.'s 2021 Schedule K-3 Now Available

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Midstream surged 7.3% higher during the week, with every midstream equity in our coverage universe posting a gain. Second-quarter energy sector earnings are hitting records.

Midstream Weekly Recap: Midstream Equities Soar, Energy Sector Posts Record Earnings

Genesis Energy 2Q22 beat:  Every business unit ahead of forecast leading to 21% segment margin beat and 22% Adjusted EBITDA beat. Guidance raised 10%: For the first time in years, management raised guidance mid-year to Adjusted EBITDA of $670-$680M from $605-$625M (including asset sales on both figures).

Genesis Energy: Huge Q2 Beat And Other Opportunities Affirm Our Bullish Stance

Genesis Energy, L.P. (NYSE:GEL ) Q2 2022 Results Conference Call July 28, 2022 10:00 AM ET Company Participants Dwayne Morley - VP, IR Grant Sims - CEO Bob Deere - CFO Ryan Sims - SVP, Finance & Corporate Development Conference Call Participants Karl Blunden - Goldman Sachs T.J.

Genesis Energy, L.P. (GEL) CEO Grant Sims on Q2 2022 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2022: Net Income Attributable to Genesis Energy, L.P. of $35.3 million for the second quarter of 2022 compared to Net Loss Attributable to Genesis Energy, L.P. of $41.7 million for the same period in 2021. Cash Flows from Operating Activities of $104.0 million for the second quarter of 2022 compared to $111.0 million for th

Genesis Energy, L.P. Reports Second Quarter 2022 Results

Genesis Energy is one of the most unique midstream companies in the business as it operates in several segments that we do not typically see in the sector. The company has some significant growth prospects offshore in the Gulf of Mexico since production in that area is poised to grow.

Genesis Energy: Near-Term Growth Potential With A 7.5% Yield But Watch The Debt

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities Energy Credit Conference 2022 in New York, New York. The conference is being held in person on Wednesday, June 8th, 2022 and Thursday, June 9th, 2022. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diver

Genesis Energy, L.P. to Participate in the BofA Securities Energy Credit Conference 2022

Genesis Energy 1Q22 results beat. Segment margin beat our model by 14% and adjusted EBITDA beat by 4%. Management guided to high end of its previous range on the segment. New contracts/CHOPS expansion is more important. Management said it signed two agreements for an aggregate 160,000bpd on CHOPS.

Genesis Energy: New Contracts For 160,000 Bpd Of Oil Transport On CHOPS Affirms Our Bullish Stance

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it has redeemed 100% of the Alkali asset-level preferred units that were originally issued in 2019 to fund the expansion of our Granger soda ash facility. In conjunction with the redemption, certain subsidiaries of Genesis, which own, directly or indirectly, Genesis' trona mineral mining and processing assets (excluding the SPV and the ORRI, each as defined below), are now once again restricted subsidiaries, which s

Genesis Energy, L.P. Fully Redeems Alkali Asset-Level Preferred Units

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2022 EIC Investor Conference in West Palm Beach, Florida. The conference is being held in person on Monday, May 16th, 2022 and Tuesday, May 17th, 2022. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstrea

Genesis Energy, L.P. to Participate in the 2022 EIC Investor Conference

Genesis Energy averted a possible liquidity crisis in 2021, thanks to divestitures but 2022 still looked disappointing. Now that 2022 is underway, it has seen their underlying cash flow performance broadly flat versus 2021.

Genesis Energy: Failing To Capitalize On Booming Operating Conditions

Genesis Energy, L.P. (NYSE:GEL ) Q1 2022 Earnings Conference Call May 4, 2022 10:00 AM ET Company Participants Dwayne Morley - VP, IR Grant Sims - CEO Conference Call Participants Kyle May - Capital One Securities TJ Schultz - RBC Capital Markets Operator Greetings and welcome to the Genesis Energy L.P.

Genesis Energy, L.P. (GEL) CEO Grant Sims on Q1 2022 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results. We generated the following financial results for the first quarter of 2022: Net Loss Attributable to Genesis Energy, L.P. of $5.3 million for the first quarter of 2022 compared to Net Loss Attributable to Genesis Energy, L.P. of $34.2 million for the same period in 2021. Cash Flows from Operating Activities of $54.2 million for the first quarter of 2022 compared to $77.2 million for the same pe

Genesis Energy, L.P. Reports First Quarter 2022 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Barclays Midstream & Clean Infrastructure Corporate Access Days. The conference is being held virtually on Tuesday, March 1st, 2022 and Wednesday, March 2nd 2022. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diver

Genesis Energy, L.P. to Present at the Barclays Midstream & Clean Infrastructure Corporate Access Days

Genesis Energy posted 4Q21 results below forecast and 2022 guidance was light as well.

Genesis Energy: Buy The Dip. Despite 2022 Guidance Below Forecast, We Explain Why We Believe Genesis Is Still A Double+ The Next Two Years

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the 2021 tax packages, including Schedule K-1s, are now available online. They may be accessed through the K-1 Partner Relations support website www.PartnerDataLink.com/Genesis or through the Quick Link on the Home page at www.genesisenergy.com. The partnership expects to complete mailing of the 2021 Genesis Energy, L.P. tax packages by Monday, March 7, 2022. For additional information, unitholders may call K-1 Part

2021 K-1 Tax Packages for Genesis Energy, L.P.

Genesis Energy's (GEL) CEO Grant Sims on Q4 2021 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2021: Net Loss Attributable to Genesis Energy, L.P. of $68.3 million for the fourth quarter of 2021 compared to Net Loss Attributable to Genesis Energy, L.P. of $85.2 million for the same period in 2020. Cash Flows from Operating Activities of $95.6 million for the fourth quarter of 2021 compared to $1.1 million for the sam

Genesis Energy, L.P. Reports Fourth Quarter 2021 Results

The sale of the 36% stake in CHOPS was considered in the credit downgrade. However, the debt leverage as calculated for debt covenant purposes is ~1.0x lower than how it is calculated by Moody's.

Genesis Energy: Sale Of 36% Stake Was In Fact Included In The Moody's Downgrade

We believe that Moody's downgrade of Genesis Energy debt last week likely ignored the credit accretive sale of 36% stake in CHOPS. We remain positive on Genesis Energy outlook.

Genesis Energy: Moody's Downgrade Likely Ignored Credit Accretive Sale Of 36% Stake In CHOPS

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities 2021 Virtual Leveraged Finance Conference. The conference is being held virtually on November 30th and December 1st. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master lim

Genesis Energy, L.P. to Participate in the BofA Securities 2021 Virtual Leveraged Finance Conference

Sale of 36% stake in CHOPS not only deleverages the balance sheet, but also values the offshore business at ~12x 2023E EBITDA vs the ~8.5x implied in Street valuations.

Genesis Energy: Positive On Sale Of 36% Stake In CHOPS Offshore Pipeline

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today the closing of the sale of a 36% minority equity interest in its Cameron Highway Oil Pipeline System (“CHOPS”) to an undisclosed financial party at an 8/8ths valuation of $1.16 billion, which results in gross proceeds to Genesis of approximately $418 million. Proceeds from the sale, net of fees and expenses, will be used to repay the full $300 million outstanding under its term loan with the remainder going to pay down o

Genesis Energy, L.P. Sells 36% Minority Equity Interest in its Cameron Highway Oil Pipeline System

Following the first half of 2021, it appeared that the heavily impacted Genesis Energy had finally turned a corner with tentative signs of a recovery underway. Sadly this has not lasted into the third quarter of 2021 with the recovery subsequently stalling.

Genesis Energy: High Stakes With A Possible Liquidity Crisis As Soon As Early 2022

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