GENESIS ENERGY LP
For the period ended Sep 30, 2024. Filed Oct 31, 2024.
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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.
Sep 30, 2024 · Filed Oct 31, 2024
GEL$13.00+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Unaudited Condensed Consolidated Statements of Operations
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| REVENUES: | ||||
| Offshore pipeline transportation | $101,119 | $106,297 | $302,133 | $289,151 |
| Soda and sulfur services | 370,065 | 423,575 | 1,161,007 | 1,331,078 |
| Marine transportation | 78,496 | 80,220 | 243,941 | 240,789 |
| Onshore facilities and transportation | 164,617 | 197,526 | 533,582 | 541,874 |
| Total revenues | 714,297 | 807,618 | 2,240,663 | 2,402,892 |
| COSTS AND EXPENSES: | ||||
| Offshore pipeline transportation operating costs | 30,303 | 23,651 | 88,013 | 71,515 |
| Soda and sulfur services operating costs | 333,844 | 344,963 | 1,029,102 | 1,123,850 |
| Marine transportation operating costs | 47,219 | 53,371 | 150,229 | 162,955 |
| Onshore facilities and transportation product costs | 137,440 | 171,142 | 456,983 | 469,627 |
| Onshore facilities and transportation operating costs | 18,395 | 17,648 | 53,522 | 52,867 |
| General and administrative | 15,042 | 16,770 | 48,597 | 48,253 |
| Depreciation, depletion and amortization | 81,837 | 68,379 | 233,221 | 209,966 |
| Total costs and expenses | 664,080 | 695,924 | 2,059,667 | 2,139,033 |
| OPERATING INCOME | 50,217 | 111,694 | 180,996 | 263,859 |
| Equity in earnings of equity investees | 11,634 | 17,242 | 40,288 | 49,606 |
| Interest expense, net | (71,984) | (61,580) | (211,588) | (184,057) |
| Other expense | — | — | (1,429) | (1,812) |
| Income (loss) from operations before income taxes | (10,133) | 67,356 | 8,267 | 127,596 |
| Income tax benefit (expense) | 846 | (574) | 15 | (1,748) |
| NET INCOME (LOSS) | (9,287) | 66,782 | 8,282 | 125,848 |
| Net income attributable to noncontrolling interests | (7,890) | (8,712) | (22,850) | (20,078) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $(17,177) | $58,070 | $(14,568) | $105,770 |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | (21,894) | (22,308) | (65,682) | (69,220) |
| NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS | $(39,071) | $35,762 | $(80,250) | $36,550 |
| NET INCOME (LOSS) PER COMMON UNIT (Note 12): | ||||
| Basic and Diluted | $(0.32) | $0.29 | $(0.66) | $0.30 |
| WEIGHTED AVERAGE OUTSTANDING COMMON UNITS: | ||||
| Basic and Diluted | 122,464 | 122,521 | 122,464 | 122,559 |
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