Financial Performance - Net Loss Attributable to Genesis Energy, L.P. for the 2024 Quarter was $8.7 million, a decrease from Net Income of $49.3 million in the 2023 Quarter [98]. - Revenues for the 2024 Quarter decreased by $48.4 million, or 6%, compared to the 2023 Quarter [103]. - Cash flow from operating activities decreased to $104.7 million in the 2024 Quarter, down from $157.7 million in the 2023 Quarter [98]. - Available Cash before Reserves for common unitholders was $37.6 million, a decrease of $58.7 million, or 61%, from the 2023 Quarter [98]. - Net income attributable to Genesis Energy, L.P. for the three months ended June 30, 2024, was $(8.744) million, compared to $49.344 million for the same period in 2023 [108]. - The net loss for the six months ended June 30, 2024, was $11,172 thousand, compared to a loss before income taxes of $10,342 thousand [156]. - Revenues for the six months ended June 30, 2024, were reported at $1,444,545 thousand, with operating income of $89,202 thousand [156]. - The company reported a total revenue of $7,820,000 for the three months ended June 2024, compared to $11,559,000 for the same period in 2023, indicating a decrease of approximately 32% [160]. Segment Performance - Segment Margin for the 2024 Quarter was $168.3 million, a decrease of $46.3 million, or 22%, from the 2023 Quarter [106]. - Offshore pipeline transportation Segment Margin was $86.1 million for the 2024 Quarter, down from $93.3 million in the 2023 Quarter [106]. - Marine transportation Segment Margin increased to $31.5 million in the 2024 Quarter, up from $25.8 million in the 2023 Quarter [106]. - Soda and sulfur services segment margin decreased by $47.6 million, or 53%, in the 2024 quarter primarily due to lower export pricing and reduced sales pricing [116]. - Total external segment revenues for soda and sulfur services decreased to $371.8 million in the three months ended June 30, 2024, from $442.5 million in the same period in 2023 [115]. - Marine transportation segment margin increased by $11.5 million, or 22%, in the first six months of 2024 compared to the same period in 2023, driven by higher day rates in inland and offshore businesses [123]. Capital Expenditures and Debt - Total capital expenditures for fixed and intangible assets amounted to $216,978 thousand in the first six months of 2024, a slight decrease from $217,905 thousand in the same period of 2023 [148]. - Maintenance capital expenditures totaled $73,611 thousand in the first half of 2024, up from $53,299 thousand in the same period of 2023, reflecting increased investment in marine transportation and offshore assets [148]. - Growth capital expenditures were $143,367 thousand in the first half of 2024, down from $164,606 thousand in the same period of 2023 [148]. - As of June 30, 2024, total debt was approximately $4.0 billion, including $134.8 million under the senior secured credit facility and $3.5 billion of senior unsecured notes [143]. - The company issued $600 million in aggregate principal amount of 2029 Notes in December 2023, generating net proceeds of approximately $583 million [141]. - The company issued $700 million in aggregate principal amount of 2032 Notes in May 2024, generating net proceeds of approximately $688 million [141]. Market Conditions and Risks - The company expects a tightening of the global soda ash supply environment in the second half of the year, which may lead to positive price movements [117]. - The company highlighted the risks associated with global economic conditions, including inflation and interest rates, which could affect financial performance [170]. - The management team is focused on identifying strategic acquisitions to enhance operational capabilities and market position [169]. - The company anticipates future capital expenditures will be influenced by market conditions, including demand for crude oil and natural gas, as well as geopolitical factors [169]. Operational Highlights - CHOPS pipeline achieved production levels exceeding 120,000 barrels of oil per day in the 2024 quarter, contributing to increased volumes [113]. - The Argos Floating Production System has ramped up production levels, positively affecting the CHOPS pipeline [113]. - Inland freight revenues for the second quarter of 2024 were $37,998 thousand, up from $31,890 thousand in the same quarter of 2023, representing a 19.7% increase [120]. - Offshore freight revenues for the second quarter of 2024 were $26,054 thousand, slightly down from $26,876 thousand in the same quarter of 2023, indicating a decrease of 3.1% [120]. Financial Management and Transparency - The company emphasizes the importance of Available Cash before Reserves as a key financial measure, which aids in assessing financial performance and operational viability [163]. - The company is committed to providing transparency in its financial measures to facilitate informed decision-making by investors and stakeholders [161]. - The company remains committed to transparency in its financial disclosures [172]. - The risk management framework has not undergone any substantial changes [172]. - The company continues to assess the impact of market fluctuations on its financial performance [172].

FOR IMMEDIATE RELEASE August 1, 2024 Genesis Energy, L.P. Reports Second Quarter 2024 Results, Announces a Distribution Increase Attributable to the Third Quarter 2024, And Discusses Future Capital Allocation Priorities 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 2024: • Net Loss Attributable to Genesis Energy, L.P. of $8.7 million for the second quarter of 2024 compared to Net ...

Source: Shutterstock Arguably the most surprising undervalued growth stock to buy is iShares S&P Growth ETF (NYSE:IVW), an exchange-traded fund (ETF) that tracks large U.S. companies whose earnings are expected to grow at an aboveaverage rate relative to the market. Basically, it is an ETF growth stock tracking growth stocks. Their growth also doesn't mean they are anywhere near full valuation. A growth stock's expansion may be outpacing the multiple the market is assigning. That's the type of undervalued g ...

Genesis Energy, L.P. Class A Common Units (NYSE:GEL) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chairman & Chief Executive Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Operator Greetings and welcome to the Genesis Energy LP First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow t ...

315,896 280,826 - 244,663 219,440 3,169 Gain on sale of asset, net to our ownership interest(a) - - 65 - (671) (1,367) - - 30,443 2,233 Plus (minus) Select Items, net(d) 164,764 99,091 $770,055 $827,062 (b) (c) (d) 6 Available Cash Before Reserves (a) 7 Adjusted Consolidated EBITDA (per our senior secured credit facility)(c) $822,908 $842,340 $736,285 $594,272 $602,366 $668,595 Reconciliation (a) Includes the difference in ining of cash receipts homer of tillings to coubtenes during the period and the reven ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12295 GENESIS ENERGY, L.P. (Exact name of registrant as specified in its charter) Delaware 76-0513049 (State or other jurisdiction of incorporation or organi ...

FOR IMMEDIATE RELEASE May 2, 2024 Genesis Energy, L.P. Reports First Quarter 2024 Results 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 2024: Grant Sims, CEO of Genesis Energy, said, "We are pleased with the financial performance of our businesses for the quarter, as our reported Adjusted EBITDA of $163.1 million was generally in-line with our internal expectations. As we look out ...

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today provided an update on the expected availability of the partnership’s 2023 Investor Tax Packages, including Schedule K-1 for its common unitholders. Historically, Genesis’ Investor Tax Packages have been available by early March for the preceding tax year. However, the timing of the availability of Genesis’ 2023 Investor Tax Packages is dependent upon actions of the U.S. Congress and the Biden administration with regard to the passage, or not, ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12295 GENESIS ENERGY, L.P. (Exact name of registrant as specified in its charter) (State or other jurisdiction of incorporation or organization) Delaware 76-05130 ...

Genesis Energy, L.P. (NYSE:GEL) Q4 2023 Earnings Conference Call February 15, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chairman & Chief Executive Officer Ryan Sims - President & Chief Commercial Officer Conference Call Participants Michael Blum - Wells Fargo Operator Greetings. And welcome to Genesis Energy L.P. Fourth Quarter 2023 Earnings Conference Call. At this time, all participants are in a listen-only mode. A question-and-answer session wil ...