GENESIS ENERGY LP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
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1. Organization
- Organization
We are a growth-oriented master limited partnership founded in Delaware in 1996 focused on the midstream segment of the crude oil and natural gas industry as well as the production of natural soda ash prior to February 28, 2025. Our operations are primarily located in the Gulf of America, Wyoming and in the Gulf Coast region of the United States. We provide an integrated suite of services to crude oil and natural gas producers, refiners and industrial and commercial enterprises. We have a diverse portfolio of assets, including pipelines, offshore hub and junction platforms, our trona and trona-based exploring, mining, processing, producing, marketing, logistics and selling business based in Wyoming (our “Alkali Business” which we sold on February 28, 2025), refinery-related plants, storage tanks and terminals, railcars, rail unloading facilities, barges and other vessels and trucks. We are owned 100% by our limited partners. Genesis Energy, LLC, our general partner, is a wholly-owned subsidiary. Our general partner has sole responsibility for conducting our business and managing our operations. We conduct our operations and own our operating assets through our subsidiaries and joint ventures.
We manage our businesses through the following four divisions that constitute our reportable segments:
Offshore pipeline transportation, including the transportation and processing of crude oil and natural gas in the Gulf of America;
Soda and sulfur services involving trona and trona-based exploring, mining, processing, soda ash production, marketing, logistics and selling activities, as well as the processing of high sulfur (or “sour”) gas streams for refineries to remove the sulfur, and selling the related by-product, sodium hydrosulfide (or “NaHS,” commonly pronounced “nash”);
Marine transportation to provide waterborne transportation of petroleum products (primarily fuel oil, asphalt and other heavy refined products) and crude oil throughout North America; and
Onshore facilities and transportation, including terminaling, blending, storing, marketing, and transporting crude oil and petroleum products.
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