Genesis Energy LP's income statement, balance sheet and cash flow statement as filed with the SEC (10-K and 10-Q), with the latest fiscal years and quarters. In its latest fiscal year (Dec 31, 2025 · FY), Genesis Energy LP reported revenue of $1.6B (-45.0% year on year) and net income of ($513.4M) (-238.8% year on year).
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Total revenues | $1.6B | $3.0B | $3.2B | $2.8B |
| Cost of products and services sold | $1.1B | $599.9M | — | $1.3B |
| General and administrative | $86.3M | $59.4M | $65.8M | $66.6M |
| Depreciation and amortization | $232.1M | — | — | — |
| Impairment expense | $0 | $43.0M | — | $0 |
| Total costs and expenses | $1.4B | $2.8B | $2.8B | $2.5B |
| OPERATING INCOME | $258.2M | $213.1M | $329.4M | $315.0M |
| Equity in earnings of equity investees | $47.6M | $58.3M | $66.2M | $54.2M |
| Other expense | ($9.8M) | ($15.4M) | ($4.6M) | ($10.8M) |
| Income tax expense | ($806.0K) | ($1.8M) | $19.0K | ($3.2M) |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS | ($393.2M) | ($33.0M) | $146.3M | $129.1M |
| DISCONTINUED OPERATIONS (Note 4): | ($47.2M) | ($30.9M) | ($28.6M) | — |
| Loss from disposal of discontinued operations | ($440.4M) | ($63.9M) | $117.7M | $75.5M |
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX | ($73.0M) | ($87.6M) | ($90.7M) | ($80.1M) |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS-BASIC | ($513.4M) | ($151.5M) | $27.0M | ($4.6M) |
| Basic Net income (Loss) per Common Unit (in dollars per unit) | -$4.19 | -$1.24 | $0.22 | -$0.04 |
| Diluted Net Income (Loss) per Common Unit (in dollars per unit) | -$4.19 | -$1.24 | $0.22 | -$0.04 |
| Basic Weighted Average Outstanding Common Units (in units) | 122.5M | 122.5M | 122.5M | 122.6M |
| Dilutive Weighted Average Outstanding Common Units (in units) | 122.5M | 122.5M | 122.5M | 122.6M |
| Interest expense, net | ($264.7M) | ($287.2M) | ($244.7M) | ($226.2M) |
| Income (loss) from continuing operations before income taxes | $31.3M | — | — | — |
| Income (Loss) from Continuing Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | $30.5M | — | — | — |
| Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, Net of Tax | $8.4M | — | — | — |
| Discontinued Operation, Gain (Loss) on Disposal of Discontinued Operation, Net of Tax | ($432.2M) | — | — | — |
| Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest | ($423.7M) | — | — | — |
| Income (Loss) from Continuing Operations, Per Diluted Share | ($0.73) | — | — | — |
| Income (Loss) from Continuing Operations, Per Basic Share | ($0.73) | — | — | — |
| Beginning Balance (units) | $122.5M | — | — | — |
| Ending balance | $155.6M | — | — | — |
| Line item | Jun 30, 2026 · Q2 | Mar 31, 2026 · Q1 | Sep 30, 2025 · Q3 | Jun 30, 2025 · Q2 |
|---|---|---|---|---|
| Total revenues | $532.0M | $446.6M | $414.0M | $377.3M |
| Cost of products and services sold | $361.4M | $293.5M | $263.1M | $239.0M |
| General and administrative | $19.4M | $17.5M | $15.3M | $14.7M |
| Depreciation and amortization | $63.1M | $58.9M | $57.1M | $55.9M |
| Gain on sale of assets | ($17.4M) | — | — | — |
| Total costs and expenses | $426.6M | $369.9M | $335.4M | $309.6M |
| OPERATING INCOME | $105.4M | $76.6M | $78.6M | $67.7M |
| Equity in earnings of equity investees | $18.4M | $14.2M | $10.8M | $12.3M |
| Interest expense, net | ($67.0M) | ($68.0M) | ($66.4M) | ($60.8M) |
| Other expense | ($30.0K) | ($3.5M) | $0 | ($8.9M) |
| Income (loss) from continuing operations before income taxes | $56.8M | $19.3M | $23.0M | $10.4M |
| Income tax expense | ($209.0K) | ($112.0K) | ($253.0K) | ($345.0K) |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS | $56.6M | $19.1M | $22.8M | $10.0M |
| Income from discontinued operations, net of tax | $0 | $0 | $0 | $0 |
| Loss from disposal of discontinued operations | $0 | $0 | $0 | $0 |
| NET LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX | $0 | $0 | $0 | $0 |
| NET INCOME (LOSS) | $56.6M | $19.1M | $22.8M | $10.0M |
| Net income attributable to noncontrolling interests | ($13.7M) | ($12.3M) | ($13.6M) | ($10.4M) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $42.9M | $6.8M | $9.2M | ($406.0K) |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | ($10.8M) | ($13.6M) | ($14.9M) | ($14.9M) |
| NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-BASIC | $32.0M | ($6.8M) | ($5.7M) | ($15.3M) |
| NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-DILUTED | $32.0M | ($6.8M) | ($5.7M) | ($15.3M) |
| Net loss from continuing operations per common unit, diluted (in dollars per unit) | $0.26 | ($0.06) | ($0.05) | ($0.12) |
| Net loss from continuing operations per common unit, basic (in dollars per unit) | $0.26 | ($0.06) | ($0.05) | ($0.12) |
| Net loss per common unit, basic (in dollars per unit) | $0.26 | -$0.06 | -$0.05 | -$0.12 |
| Net loss per common unit, diluted (in dollars per unit) | $0.26 | -$0.06 | -$0.05 | -$0.12 |
| Weighted average outstanding units, basic (in units) | 122.4M | 122.5M | 122.5M | 122.5M |
| Weighted average outstanding units, diluted (in units) | 122.4M | 122.5M | 122.5M | 122.5M |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Cash and cash equivalents | $6.4M | $10.7M | $9.2M | $7.9M |
| Accounts receivable—trade, net | $608.2M | $740.6M | $759.5M | $721.6M |
| Inventories | $55.4M | $110.7M | $135.2M | $78.1M |
| Other | $17.4M | $30.9M | $41.2M | $26.8M |
| Current assets held for discontinued operations | $0 | — | — | — |
| Total current assets | $687.5M | $911.7M | $964.0M | $853.0M |
| FIXED ASSETS, at cost | $5.4B | $6.9B | $6.5B | $5.9B |
| Less: Accumulated depreciation | ($1.9B) | ($2.2B) | ($2.0B) | ($1.8B) |
| Net fixed assets | $3.5B | $4.7B | $4.5B | $4.1B |
| EQUITY INVESTEES | $218.6M | $240.4M | $263.8M | $284.5M |
| INTANGIBLE ASSETS, net of amortization | $75.6M | $97.3M | $141.5M | $127.3M |
| GOODWILL | $302.0M | $302.0M | $302.0M | $302.0M |
| RIGHT OF USE ASSETS, net | $57.7M | $228.2M | $240.3M | $125.3M |
| OTHER ASSETS, net of amortization | $54.0M | $55.1M | $38.2M | $32.2M |
| Disposal Group, Including Discontinued Operation, Assets, Noncurrent | $0 | — | — | — |
| TOTAL ASSETS | $4.9B | $7.0B | $7.0B | $6.4B |
| Accounts payable—trade | $490.7M | $491.1M | $588.9M | $428.0M |
| Accrued liabilities | $209.0M | $367.7M | $378.5M | $281.1M |
| Disposal Group, Including Discontinued Operation, Liabilities, Current | $0 | — | — | — |
| Total current liabilities | $699.7M | $858.8M | $967.4M | $709.1M |
| SENIOR SECURED CREDIT FACILITY | $6.4M | $291.0M | $298.3M | $205.4M |
| SENIOR UNSECURED NOTES, net of debt issuance costs, discount and premium | $3.0B | $3.4B | $3.1B | $2.9B |
| DEFERRED TAX LIABILITIES | $17.4M | $17.8M | $17.5M | $16.7M |
| OTHER LONG-TERM LIABILITIES | $388.7M | $538.2M | $570.2M | $400.6M |
| Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent | $0 | — | — | — |
| Total liabilities | $4.2B | $5.5B | $5.3B | $4.6B |
| Convertible preferred units outstanding (in units) | 15.7M | 23.1M | 23.1M | — |
| Class A Convertible Preferred Units, 15,695,722 and 23,111,918 issued and outstanding at December 31, 2025 and 2024, respectively | $552.5M | $813.6M | $813.6M | $891.9M |
| Common units issued (in units) | $122.5M | $122.5M | $122.5M | $122.6M |
| Common units outstanding (in units) | $122.5M | $122.5M | $122.5M | $122.6M |
| Common unitholders, 122,464,318 units issued and outstanding at December 31, 2025 and 2024 | ($314.3M) | $279.9M | $519.7M | $567.3M |
| Accumulated other comprehensive income | $0 | $9.5M | $8.0M | $6.1M |
| Noncontrolling interests | $469.9M | $412.8M | $369.4M | $310.2M |
| Total partners’ capital | $155.6M | $702.2M | $897.2M | $883.6M |
| TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL | $4.9B | $7.0B | $7.0B | $6.4B |
| Line item | Jun 30, 2026 | Mar 31, 2026 | Sep 30, 2025 | Jun 30, 2025 |
|---|---|---|---|---|
| Cash and cash equivalents | $39.3M | $4.2M | $4.9M | $4.5M |
| Restricted cash | $5.0M | — | — | — |
| Accounts receivable - trade, net | $1.2B | $628.6M | $577.5M | $499.6M |
| Inventories | $38.6M | $39.2M | $49.2M | $58.2M |
| Other | $27.1M | $30.8M | $20.3M | $25.1M |
| Total current assets | $1.3B | $702.8M | $652.0M | $587.3M |
| FIXED ASSETS, at cost | $5.4B | $5.4B | $5.4B | $5.3B |
| Less: Accumulated depreciation | ($2.0B) | ($2.0B) | ($1.9B) | ($1.8B) |
| Net fixed assets | $3.4B | $3.4B | $3.5B | $3.5B |
| EQUITY INVESTEES | $219.5M | $215.6M | $223.4M | $228.7M |
| INTANGIBLE ASSETS, net of amortization | $71.0M | $73.3M | $78.0M | $80.4M |
| GOODWILL | $302.0M | $302.0M | $302.0M | $302.0M |
| RIGHT OF USE ASSETS, net | $60.0M | $56.8M | $59.1M | $58.6M |
| OTHER ASSETS, net of amortization | $59.1M | $54.8M | $55.1M | $55.9M |
| TOTAL ASSETS | $5.4B | $4.8B | $4.9B | $4.8B |
| Accounts payable - trade | $1.1B | $508.3M | $448.7M | $414.4M |
| Accrued liabilities | $203.0M | $212.4M | $224.6M | $207.5M |
| Accounts receivable securitization credit facility | $99.5M | — | — | — |
| Total current liabilities | $1.4B | $720.7M | $673.2M | $621.9M |
| SENIOR SECURED CREDIT FACILITY | $0 | $74.1M | $58.6M | $71.6M |
| SENIOR UNSECURED NOTES, net of debt issuance costs and discount | $3.1B | $3.1B | $3.0B | $3.0B |
| DEFERRED TAX LIABILITIES | $17.1M | $17.2M | $16.7M | $16.8M |
| OTHER LONG-TERM LIABILITIES | $439.5M | $387.1M | $374.8M | $374.9M |
| Total liabilities | $5.0B | $4.3B | $4.2B | $4.1B |
| Class A Convertible Preferred Units, 9,236,530 and 15,695,722 issued and outstanding at June 30, 2026 and December 31, 2025, respectively | $325.1M | $411.5M | $552.5M | $552.5M |
| Common unitholders, 122,214,318 and 122,464,318 units issued and outstanding at June 30, 2026 and December 31, 2025, respectively | ($336.8M) | ($343.2M) | ($299.1M) | ($273.3M) |
| Noncontrolling interests | $464.5M | $467.1M | $454.8M | $438.2M |
| Total partners’ capital | $127.7M | $124.0M | $155.6M | $164.9M |
| TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL | $5.4B | $4.8B | $4.9B | $4.8B |
| Line item | Dec 31, 2025 · FY | Dec 31, 2024 · FY | Dec 31, 2023 · FY | Dec 31, 2022 · FY |
|---|---|---|---|---|
| Net income (loss) | ($393.2M) | ($33.0M) | $146.3M | $129.1M |
| Depreciation, depletion and amortization | $250.9M | $313.2M | $280.2M | $296.2M |
| Impairment expense | $0 | $43.0M | — | $0 |
| Net changes in components of operating assets and liabilities (See Note 16) | $432.2M | — | — | — |
| Amortization and write-off of debt issuance costs, premium and discount | $12.9M | $14.6M | $12.9M | $9.3M |
| Equity in earnings of investments in equity investees | ($47.6M) | ($58.3M) | ($66.2M) | ($54.2M) |
| Cash distributions of earnings of equity investees | $47.1M | $58.3M | $65.0M | $55.6M |
| Non-cash effect of long-term incentive compensation plans | $15.3M | $5.2M | $25.4M | $17.8M |
| Deferred and other tax liabilities | $573.0K | $291.0K | ($624.0K) | $2.4M |
| Unrealized losses (gains) on derivative transactions | ($117.0K) | ($7.8M) | $36.6M | ($5.8M) |
| Other, net | $24.0M | $25.4M | $17.4M | $20.5M |
| Net changes in components of operating assets and liabilities | ($89.2M) | $31.1M | $4.2M | ($87.8M) |
| Net cash provided by operating activities | $252.8M | $391.9M | $521.1M | $334.4M |
| Payments to acquire fixed and intangible assets | ($186.9M) | ($587.1M) | ($620.0M) | ($424.2M) |
| Proceeds from Divestiture of Businesses, Net of Cash Divested | $996.6M | — | — | — |
| Cash distributions received from equity investees—return of investment | $22.4M | $23.5M | $26.1M | $19.6M |
| Investments in equity investees | ($892.0K) | ($285.0K) | ($4.5M) | ($10.3M) |
| Proceeds from asset sales | $1.0M | $11.8M | $478.0K | $40.3M |
| Other, net | $0 | $0 | $4.3M | — |
| Net cash provided by (used in) investing activities | $832.3M | ($552.2M) | ($593.6M) | ($374.5M) |
| Borrowings on senior secured credit facility | $866.6M | $1.4B | $1.2B | $971.5M |
| Repayments on senior secured credit facility | ($1.2B) | ($1.4B) | ($1.1B) | ($815.1M) |
| Proceeds from issuance of senior unsecured notes (Note 11) | $0 | $1.3B | $1.1B | $0 |
| Repayment of senior unsecured notes (Note 11) | ($414.4M) | ($926.9M) | ($876.0M) | ($72.2M) |
| Repayment of Alkali senior secured notes | $0 | ($11.6M) | — | — |
| Debt issuance costs | ($1.5M) | ($27.9M) | ($24.8M) | ($6.0M) |
| Redemption of Class A Convertible Preferred Units (Note 12) | ($262.5M) | $0 | ($75.0M) | — |
| Contributions from noncontrolling interests | $68.5M | $36.0M | $75.2M | $22.8M |
| Distributions to noncontrolling interests | ($58.5M) | ($36.6M) | ($44.6M) | ($31.9M) |
| Distributions to Class A Convertible Preferred unitholders (Note 12) | ($71.6M) | ($87.6M) | ($93.9M) | ($74.7M) |
| Distributions to common unitholders (Note 12) | ($80.8M) | ($75.3M) | ($73.5M) | ($73.5M) |
| Repurchase of Class A Common Units (Note 12) | $0 | $0 | ($1.0M) | — |
| Other, net | ($2.8M) | ($1.1M) | $904.0K | $1.5M |
| Net cash provided by (used in) financing activities | ($1.1B) | $161.7M | $74.0M | $41.7M |
| Net increase (decrease) in cash and cash equivalents and restricted cash | ($23.1M) | $1.5M | $1.5M | $1.6M |
| Cash and cash equivalents and restricted cash at beginning of period | $6.4M | — | — | — |
| Cash and cash equivalents and restricted cash at beginning of period | $7.4M | $28.0M | $26.6M | $25.0M |
| Cash, cash equivalents, and restricted cash at beginning of period: discontinued operations | $22.2M | — | — | — |
| Cash, cash equivalents and restricted cash at end of period | $6.4M | — | — | — |
| Cash and cash equivalents at end of period: continuing operations | $6.4M | — | — | — |
| Cash, cash equivalents and restricted cash at end of period: discontinued operations | $0 | — | — | — |
| Line item | Jun 30, 2026 · YTD | Mar 31, 2026 · Q1 | Sep 30, 2025 · YTD | Jun 30, 2025 · YTD |
|---|---|---|---|---|
| Net income (loss) | $75.7M | $19.1M | ($427.5M) | ($450.3M) |
| Depreciation and amortization | $122.0M | $58.9M | $188.0M | $130.9M |
| Gain on sale of assets | ($17.4M) | — | — | — |
| Amortization and write-off of debt issuance costs, premium and discount | $8.5M | $5.8M | $10.2M | $7.4M |
| Loss from disposal of discontinued operations | $0 | $0 | $432.2M | $432.2M |
| Equity in earnings of investments in equity investees | ($32.5M) | ($14.2M) | ($35.7M) | ($24.8M) |
| Cash distributions of earnings of equity investees | $32.2M | $14.0M | $35.2M | $24.6M |
| Non-cash effect of long-term incentive compensation plans | $2.8M | ($137.0K) | $9.9M | $5.6M |
| Deferred and other tax liabilities | ($279.0K) | ($188.0K) | ($115.0K) | ($68.0K) |
| Unrealized losses (gains) on derivative transactions | $45.0K | $815.0K | ($68.0K) | ($238.0K) |
| Other, net | $6.8M | $3.7M | $20.3M | $16.5M |
| Net changes in components of operating assets and liabilities (Note 15) | $64.5M | ($6.2M) | ($90.4M) | ($70.1M) |
| Net cash provided by operating activities | $262.5M | $81.7M | $142.0M | $71.8M |
| Payments to acquire fixed and intangible assets | ($53.1M) | ($26.1M) | ($163.1M) | ($136.1M) |
| Proceeds from disposal of discontinued operations, net of cash divested | $0 | $0 | $996.6M | $996.6M |
| Cash distributions received from equity investees - return of investment | $8.3M | $5.6M | $17.3M | $11.9M |
| Investments in equity investees | ($9.2M) | ($2.8M) | $0 | $0 |
| Proceeds from asset sales | $8.9M | $68.0K | $970.0K | $692.0K |
| Net cash provided by (used in) investing activities | ($45.1M) | ($23.1M) | $851.9M | $873.1M |
| Borrowings on senior secured credit facility | $707.1M | $357.1M | $664.9M | $494.9M |
| Repayments on senior secured credit facility | ($713.5M) | ($289.4M) | ($897.3M) | ($714.3M) |
| Borrowings on accounts receivable securitization credit facility (Note 10) | $99.5M | — | — | — |
| Proceeds from issuance of senior unsecured notes (Note 10) | $750.0M | $750.0M | $0 | $0 |
| Repayment of senior unsecured notes | ($679.9M) | ($679.9M) | ($414.4M) | ($414.4M) |
| Debt issuance costs | ($18.3M) | ($15.9M) | ($1.5M) | ($1.5M) |
| Contributions from noncontrolling interests | $2.3M | $1.8M | $48.7M | $30.4M |
| Distributions to noncontrolling interests | ($33.8M) | ($16.9M) | ($39.4M) | ($24.2M) |
| Distributions to common unitholders | ($44.1M) | ($22.0M) | ($60.6M) | ($40.4M) |
| Distributions to Class A Convertible Preferred unitholders (Note 11) | ($30.2M) | ($17.4M) | ($56.7M) | ($41.8M) |
| Redemption of Class A Convertible Preferred Units (Note 11) | ($221.6M) | ($137.2M) | ($262.5M) | ($262.5M) |
| Repurchase of Class A Common Units (Note 11) | ($3.6M) | — | — | — |
| Other, net | $6.6M | $9.0M | $351.0K | $3.8M |
| Net cash used in financing activities | ($179.6M) | ($60.8M) | ($1.0B) | ($970.0M) |
| Net increase (decrease) in cash, cash equivalents and restricted cash | $37.8M | ($2.2M) | ($24.6M) | ($25.1M) |
| Cash, cash equivalents and restricted cash at beginning of period | $44.2M | $4.2M | $4.9M | $4.5M |
| Cash, cash equivalents, and restricted cash at beginning of period: discontinued operations | $0 | $0 | $22.2M | $22.2M |
| Cash and cash equivalents at beginning of period: continuing operations | $6.4M | $6.4M | $7.4M | $7.4M |
Genesis Energy LP score and earnings-call analysis · All covered companies
Figures as reported in SEC filings. General information, not investment advice.