GENESIS ENERGY LP
For the period ended Dec 31, 2023. Filed Feb 23, 2024.
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FY2023 · Filed Feb 23, 2024
GEL$12.73-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2023 | 2022 | 2021 | |
| REVENUES: | |||
| Offshore pipeline transportation | $382,154 | $319,045 | $278,459 |
| Soda and sulfur services | 1,734,248 | 1,248,085 | 964,632 |
| Marine transportation | 327,464 | 293,295 | 190,827 |
| Onshore facilities and transportation | 733,130 | 928,532 | 691,558 |
| Total revenues | 3,176,996 | 2,788,957 | 2,125,476 |
| COSTS AND EXPENSES: | |||
| Offshore pipeline transportation operating costs | 96,025 | 99,881 | 79,641 |
| Soda and sulfur services operating costs | 1,479,425 | 926,743 | 795,964 |
| Marine transportation operating costs | 218,403 | 228,300 | 156,307 |
| Onshore facilities and transportation product costs | 637,179 | 828,152 | 583,824 |
| Onshore facilities and transportation operating costs | 70,576 | 68,066 | 63,113 |
| General and administrative | 65,779 | 66,598 | 61,185 |
| Depreciation, depletion and amortization | 280,189 | 296,205 | 309,746 |
| Gain on sale of assets | — | (40,000) | — |
| Total costs and expenses | 2,847,576 | 2,473,945 | 2,049,780 |
| OPERATING INCOME | 329,420 | 315,012 | 75,696 |
| Equity in earnings of equity investees | 66,198 | 54,206 | 57,898 |
| Interest expense | (244,663) | (226,156) | (233,724) |
| Other expense, net | (4,627) | (10,758) | (36,232) |
| Income (loss) from operations before income taxes | 146,328 | 132,304 | (136,362) |
| Income tax benefit (expense) | 19 | (3,169) | (1,670) |
| NET INCOME (LOSS) | 146,347 | 129,135 | (138,032) |
| Net income attributable to noncontrolling interests | (28,627) | (23,235) | (1,637) |
| Net income attributable to redeemable noncontrolling interests | — | (30,443) | (25,398) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $117,720 | $75,457 | $(165,067) |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | (90,725) | (80,052) | (74,736) |
| NET INCOME (LOSS) AVAILABLE TO COMMON UNITHOLDERS | $26,995 | $(4,595) | $(239,803) |
| BASIC AND DILUTED NET INCOME (LOSS) PER COMMON UNIT: | |||
| Basic and Diluted | $0.22 | $(0.04) | $(1.96) |
| WEIGHTED AVERAGE OUTSTANDING COMMON UNITS: | |||
| Basic and Diluted | 122,535 | 122,579 | 122,579 |
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