Genesis Energy Earnings Reports

Genesis Energy reported a net loss of $49.4 million for Q4 2024, compared to a net income of $12.0 million in the same period of 2023. The company's CEO highlighted the near completion of capital-intensive expansion projects and the expectation of turning cash flow positive in the second half of 2025. Adjusted EBITDA for the quarter was $160.6 million.

Genesis Energy, L.P. reported a net loss of $17.2 million for the third quarter of 2024, compared to a net income of $58.1 million for the same period in 2023. The company's performance was below expectations due to unexpected delays in the offshore pipeline transportation segment and operational challenges in the soda ash business.

Genesis Energy reported a net loss of $8.7 million for the second quarter of 2024, compared to a net income of $49.3 million for the same period in 2023. The company is adjusting its full year guidance for Adjusted EBITDA to a range of $625 - $650 million.

Genesis Energy, L.P. reported a net income attributable to Genesis Energy, L.P. of $11.4 million for the first quarter of 2024, compared to a net loss of $1.6 million for the same period in 2023. The company's Adjusted EBITDA was $163.1 million, and Available Cash before Reserves to common unitholders was $54.0 million, providing 2.94X coverage for the quarterly distribution.

Genesis Energy reported a strong fourth quarter, with Adjusted EBITDA exceeding internal expectations and contributing to a record year. The company saw solid performance across its diversified businesses, including offshore pipeline transportation, soda and sulfur services, and marine transportation. Genesis also achieved significant project milestones and strengthened its balance sheet.

Genesis Energy reported a strong third quarter, exceeding internal expectations with robust volumes in the offshore pipeline transportation segment and solid performance in the marine transportation segment, while the soda and sulfur services segment performed in line with expectations. The company's leverage ratio ended the quarter at 3.92 times, and they anticipate full-year results to be at or above the midpoint of their revised guidance range.

Genesis Energy reported a net income of $49.3 million for the second quarter of 2023. The company's financial results were generally in line with internal expectations, driven by steady offshore pipeline transportation volumes, a return to normal operating levels for the soda ash business, and continued strong performance in the marine transportation segment. Adjusted EBITDA for the quarter was $198.0 million.