GENESIS ENERGY LP

For the period ended Jun 30, 2024. Filed Aug 1, 2024.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2024 · Filed Aug 1, 2024

GEL$13.00+2.1%Stored close · as of Nov 10, 2026

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Contents

Unaudited Condensed Consolidated Statements of Operations

Three Months EndedJune 30, · Six Months EndedJune 30,
2024 · 2023 · 2024 · 2023
REVENUES:
Offshore pipeline transportation	$99,024	$91,459		$201,014		$182,854
Soda and sulfur services	389,994	462,855		790,942		907,503
Marine transportation	81,871	77,343		165,445		160,569
Onshore facilities and transportation	185,372	173,005		368,965		344,348
Total revenues	756,261	804,662		1,526,366		1,595,274
COSTS AND EXPENSES:
Offshore pipeline transportation operating costs	29,892	24,739		57,710		47,864
Soda and sulfur services operating costs	343,892	372,665		695,258		778,887
Marine transportation operating costs	50,602	51,848		103,010		109,584
Onshore facilities and transportation product costs	159,155	149,429		319,543		298,485
Onshore facilities and transportation operating costs	17,840	17,839		35,127		35,219
General and administrative	18,546	16,931		33,555		31,483
Depreciation, depletion and amortization	77,613	68,427		151,384		141,587
Total costs and expenses	697,540	701,878		1,395,587		1,443,109
OPERATING INCOME	58,721	102,784		130,779		152,165
Equity in earnings of equity investees	12,213	14,811		28,654		32,364
Interest expense, net	(70,870)	(61,623)		(139,604)		(122,477)
Other expense	(1,429)	(4)		(1,429)		(1,812)
Income (loss) from operations before income taxes	(1,365)	55,968	—		18,400		60,240
Income tax expense	(22)	(290)		(831)		(1,174)
NET INCOME (LOSS)	(1,387)	55,678		17,569		59,066
Net income attributable to noncontrolling interests	(7,357)	(6,334)		(14,960)		(11,366)
NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.	$(8,744)	$49,344		$2,609		$47,700
Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units	(21,894)	(22,910)		(43,788)		(46,912)
NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS	$(30,638)	$26,434		$(41,179)		$788
NET INCOME (LOSS) PER COMMON UNIT (Note 12):
Basic and Diluted	$(0.25)	$0.22		$(0.34)		$0.01
WEIGHTED AVERAGE OUTSTANDING COMMON UNITS:
Basic and Diluted	122,464	122,579		122,464		122,579

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.