10-K · February 18, 2026
Genesis Energy, L.P. reported a significant decrease in net income to $(440.4) million for 2025, which was driven primarily by a loss associated with the sale of its Alkali Business. The company's revenue for 2025…
Earnings analysis · 10-Q
GEL earnings analysis
Filed May 7, 2026 · Our reading of the company's report
The latest report
Genesis Energy, L.P. reported a strong Q1 2026 with revenue of $446.6 million and EPS of $0.06, exceeding estimates. The results reflect significant growth in operating income due to improved segment margins and a…
Read full summary
Genesis Energy, L.P. reported a strong Q1 2026 with revenue of $446.6 million and EPS of $0.06, exceeding estimates. The results reflect significant growth in operating income due to improved segment margins and a reduction in general and administrative expenses, along with a remarkable recovery compared to a loss of $36.6 million in Q1 2025.
Gross and operating margin
How much of each revenue dollar the business keeps.
One point per quarterly or annual filing. Both margins are shares of that report's revenue.
How we read each report
Our analysis across the last few reports.
Our model's reading of each filing, not the share price or the market's reaction. Annual and quarterly reports each occupy one position.
Reported figures
- Earnings per share
- $0.06
- Segment
- Offshore pipeline transportation
- Segment
- Marine transportation
- Segment
- Onshore transportation and services
What stood out
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Revenue Increase
Revenue rose to $446.6 million, a 12% increase from $398 million in Q1 2025.
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Positive EPS
Achieved diluted EPS of $0.06, a notable improvement from the loss of $4.06 in Q1 2025.
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Operating Income Growth
Operating income increased by $54.6 million, reflecting improved operational performance.
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Decreased Administrative Expenses
General and administrative expenses dropped by $23.1 million, contributing to improved profitability.
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Strong Segment Margins
Total Segment Margin increased by $35 million to $156.4 million, up 29% from Q1 2025.
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Higher Cash Flow
Operating cash flow increased to $81.7 million from $24.8 million year-over-year.
What to watch
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Dependence on Commodity Prices
Significant reliance on crude oil pricing, which averages $72.74 per barrel in the 2026 Quarter.
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Operational Risks in Marine Segment
Marine transportation Segment Margin declined by 7%, reflecting lower day rates and regulatory dry-dock impacts.
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Interest Rate and Debt Levels
Long-term debt stands at approximately $3.22 billion, raising servicing cost concerns amid rising interest rates.
Management's outlook
Management anticipates full-year Adjusted EBITDA growth of 15-20% from a baseline of $500-510 million.
Earlier filings 4
10-Q · October 30, 2025
Genesis Energy, L.P. reported an increase in revenue for Q3 2025, achieving $414 million, up 4% from the previous year. Despite this growth, the company faced a continued net loss of $0.05 per share, falling short of…
10-Q · July 31, 2025
Genesis Energy, L.P. reported Q2 2025 results with total revenue of $377 million, reflecting a decline of 12% compared to Q2 2024. EPS improved to -$0.12 from -$0.25 year-over-year, despite challenges in cash flow from…
10-Q · May 8, 2025
Genesis Energy, L.P. reported a revenue of $398.3 million for Q1 2025, a decline of 8% from $434 million in Q1 2024. The net loss from continuing operations was $36.6 million, worsening from a profit of $11.4 million in…
This is our reading of a public filing, not the filing itself. Analysis can contain errors; check the source document for full context.