v3.26.1
UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
REVENUES:        
Total revenues $ 531,995,000 $ 377,348,000 $ 978,550,000 $ 775,659,000
COSTS AND EXPENSES:        
General and administrative 19,447,000 14,744,000 36,971,000 55,386,000
Depreciation and amortization 63,133,000 55,905,000 122,042,000 112,076,000
Gain on sale of assets (17,436,000) 0 (17,436,000) 0
Total costs and expenses 426,559,000 309,633,000 796,501,000 685,971,000
OPERATING INCOME 105,436,000 67,715,000 182,049,000 89,688,000
Equity in earnings of equity investees 18,360,000 12,330,000 32,522,000 24,822,000
Interest expense, net (66,954,000) (60,754,000) (134,932,000) (130,792,000)
Other expense (30,000) (8,935,000) (3,570,000) (9,779,000)
Income (loss) from continuing operations before income taxes 56,812,000 10,356,000 76,069,000 (26,061,000)
Income tax expense (209,000) (345,000) (321,000) (489,000)
NET INCOME (LOSS) FROM CONTINUING OPERATIONS 56,603,000 10,011,000 75,748,000 (26,550,000)
DISCONTINUED OPERATIONS (Note 4):        
Income from discontinued operations, net of tax 0 0 0 8,448,000
Loss from disposal of discontinued operations 0 0 0 (432,193,000)
NET LOSS FROM DISCONTINUED OPERATIONS, NET OF TAX 0 0 0 (423,745,000)
NET INCOME (LOSS) 56,603,000 10,011,000 75,748,000 (450,295,000)
Net income attributable to noncontrolling interests (13,746,000) (10,417,000) (26,091,000) (19,186,000)
NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. 42,857,000 (406,000) 49,657,000 (469,481,000)
Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units (10,830,000) (14,868,000) (24,413,000) (43,270,000)
NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-BASIC 32,027,000 (15,274,000) 25,244,000 (512,751,000)
NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS-DILUTED $ 32,027,000 $ (15,274,000) $ 25,244,000 $ (512,751,000)
Net loss from continuing operations per common unit, diluted (in dollars per unit) $ 0.26 $ (0.12) $ 0.21 $ (0.73)
Net loss from continuing operations per common unit, basic (in dollars per unit) 0.26 (0.12) 0.21 (0.73)
Net loss per common unit, basic (in dollars per unit) 0.26 (0.12) 0.21 (4.19)
Net loss per common unit, diluted (in dollars per unit) $ 0.26 $ (0.12) $ 0.21 $ (4.19)
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:        
Weighted average outstanding units, basic (in units) 122,428,000 122,464,000 122,446,000 122,464,000
Weighted average outstanding units, diluted (in units) 122,428,000 122,464,000 122,446,000 122,464,000
Offshore pipeline transportation        
COSTS AND EXPENSES:        
Cost of products and services sold $ 41,904,000 $ 35,979,000 $ 85,074,000 $ 68,915,000
Marine transportation        
COSTS AND EXPENSES:        
Cost of products and services sold 55,499,000 49,977,000 107,620,000 100,866,000
Onshore transportation and services product costs        
COSTS AND EXPENSES:        
Cost of products and services sold 198,716,000 92,479,000 338,809,000 220,170,000
Onshore transportation and services operating costs        
COSTS AND EXPENSES:        
Cost of products and services sold 65,296,000 60,549,000 123,421,000 128,558,000
Offshore pipeline transportation        
REVENUES:        
Total revenues 160,147,000 125,370,000 307,428,000 234,257,000
Offshore pipeline transportation | Offshore pipeline transportation        
REVENUES:        
Total revenues 160,147,000 125,370,000 307,428,000 234,257,000
Marine transportation        
REVENUES:        
Total revenues 80,943,000 79,617,000 160,988,000 160,261,000
Marine transportation | Marine transportation        
REVENUES:        
Total revenues 80,943,000 79,617,000 160,988,000 160,261,000
Onshore transportation and services        
REVENUES:        
Total revenues 290,905,000 172,361,000 510,134,000 381,141,000
Onshore transportation and services | Onshore transportation and services        
REVENUES:        
Total revenues $ 290,905,000 $ 172,361,000 $ 510,134,000 $ 381,141,000