Earnings Releases·Nov 5, 2026, 7:06 AM ET

Genesis Energy, L.P. — Third Quarter 2026 Earnings Summary

Net income attributable to Genesis Energy, L.P. declined to $2.4 million in Q3 2026 from $9.2 million in the prior year period, while operating cash flows rose to $78.4 million from $70.3 million; Adjusted EBITDA for the quarter was $130.5 million, down from $132.0 million.
The company expects to miss or fall near the low end of its full-year 2026 Adjusted EBITDA guidance due to Hurricane Isaias disruptions, pipeline maintenance, and lower volumes, with production constraints from deepwater facilities projected to persist into early 2027.
Management announced a stable quarterly distribution of $0.20 per common unit, supported by 1.58X coverage, while retiring approximately 40% of the most expensive capital structure debt and refinancing the nearest senior note maturity to 2029.
Strategic outlook highlights potential long-term benefits for the Onshore Transportation and Services segment from geopolitical shifts and Venezuelan import resumption, alongside a pipeline of new well completions expected through 2027.
The firm ended the quarter with no outstanding borrowings under its $900 million credit facility, $41.5 million in unrestricted cash, and a leverage ratio of 5.03X, having recognized a $17.4 million gain from the divestiture of non-core assets in the first nine months.