v3.25.3
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
REVENUES:        
Total revenues $ 414,001,000 $ 397,291,000 $ 1,189,660,000 $ 1,261,917,000
COSTS AND EXPENSES:        
General and administrative 15,288,000 14,794,000 70,674,000 47,793,000
Depreciation and amortization 57,068,000 55,575,000 169,144,000 156,133,000
Total costs and expenses 335,410,000 348,714,000 1,021,381,000 1,105,506,000
OPERATING INCOME 78,591,000 48,577,000 168,279,000 156,411,000
Equity in earnings of equity investees 10,845,000 11,634,000 35,667,000 40,288,000
Interest expense, net (66,407,000) (65,662,000) (197,199,000) (192,535,000)
Other expense 0 0 (9,779,000) (1,429,000)
Income (loss) from continuing operations before income taxes 23,029,000 (5,451,000) (3,032,000) 2,735,000
Income tax benefit (expense) (253,000) 879,000 (742,000) 81,000
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 22,776,000 (4,572,000) (3,774,000) 2,816,000
DISCONTINUED OPERATIONS (Note 4):        
Income (loss) from discontinued operations, net of tax 0 (4,715,000) 8,448,000 5,466,000
Loss from disposal of discontinued operations 0 0 (432,193,000) 0
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX 0 (4,715,000) (423,745,000) 5,466,000
NET INCOME (LOSS) 22,776,000 (9,287,000) (427,519,000) 8,282,000
Net income attributable to noncontrolling interests (13,569,000) (7,890,000) (32,755,000) (22,850,000)
NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. 9,207,000 (17,177,000) (460,274,000) (14,568,000)
Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units (14,868,000) (21,894,000) (58,138,000) (65,682,000)
NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-BASIC (5,661,000) (39,071,000) (518,412,000) (80,250,000)
NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-DILUTED $ (5,661,000) $ (39,071,000) $ (518,412,000) $ (80,250,000)
Net loss from continuing operations per common unit, diluted (in dollars per unit) $ (0.05) $ (0.28) $ (0.77) $ (0.70)
Net loss from continuing operations per common unit, basic (in dollars per unit) (0.05) (0.28) (0.77) (0.70)
Net loss per common unit, basic (in dollars per unit) (0.05) (0.32) (4.23) (0.66)
Net loss per common unit, diluted (in dollars per unit) $ (0.05) $ (0.32) $ (4.23) $ (0.66)
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:        
Weighted average outstanding units, basic (in units) 122,464,000 122,464,000 122,464,000 122,464,000
Weighted average outstanding units, diluted (in units) 122,464,000 122,464,000 122,464,000 122,464,000
Discontinued Operations, Disposed of by Sale        
DISCONTINUED OPERATIONS (Note 4):        
NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX $ 0 $ (4,715,000) $ (423,745,000) $ 5,466,000
Offshore pipeline transportation        
COSTS AND EXPENSES:        
Cost of products and services sold 36,414,000 30,303,000 105,329,000 88,013,000
Marine transportation        
COSTS AND EXPENSES:        
Cost of products and services sold 51,738,000 47,219,000 152,604,000 150,229,000
Onshore transportation and services product costs        
COSTS AND EXPENSES:        
Cost of products and services sold 114,837,000 137,440,000 335,007,000 456,983,000
Onshore transportation and services operating costs        
COSTS AND EXPENSES:        
Cost of products and services sold 60,065,000 63,383,000 188,623,000 206,355,000
Offshore pipeline transportation        
REVENUES:        
Total revenues 143,306,000 101,119,000 377,563,000 302,133,000
Offshore pipeline transportation | Offshore pipeline transportation        
REVENUES:        
Total revenues 143,306,000 101,119,000 377,563,000 302,133,000
Marine transportation        
REVENUES:        
Total revenues 77,058,000 78,496,000 237,319,000 243,941,000
Marine transportation | Marine transportation        
REVENUES:        
Total revenues 77,058,000 78,496,000 237,319,000 243,941,000
Onshore transportation and services        
REVENUES:        
Total revenues 193,637,000 217,676,000 574,778,000 715,843,000
Onshore transportation and services | Onshore transportation and services        
REVENUES:        
Total revenues $ 193,637,000 $ 217,676,000 $ 574,778,000 $ 715,843,000