GENESIS ENERGY LP
For the period ended Dec 31, 2024. Filed Mar 3, 2025.
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FY2024 · Filed Mar 3, 2025
GEL$12.73-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Consolidated Statements of Operations
| Year Ended December 31, | |||
|---|---|---|---|
| 2024 | 2023 | 2022 | |
| REVENUES: | |||
| Offshore pipeline transportation | $404,919 | $382,154 | $319,045 |
| Soda and sulfur services | 1,540,723 | 1,734,248 | 1,248,085 |
| Marine transportation | 321,616 | 327,464 | 293,295 |
| Onshore facilities and transportation | 698,958 | 733,130 | 928,532 |
| Total revenues | 2,966,216 | 3,176,996 | 2,788,957 |
| COSTS AND EXPENSES: | |||
| Offshore pipeline transportation operating costs | 117,207 | 96,025 | 99,881 |
| Soda and sulfur services operating costs | 1,352,044 | 1,479,425 | 926,743 |
| Marine transportation operating costs | 196,602 | 218,403 | 228,300 |
| Onshore facilities and transportation product costs | 599,925 | 637,179 | 828,152 |
| Onshore facilities and transportation operating costs | 71,749 | 70,576 | 68,066 |
| General and administrative | 59,432 | 65,779 | 66,598 |
| Depreciation, depletion and amortization | 313,158 | 280,189 | 296,205 |
| Impairment expense | 43,003 | — | — |
| Gain on sale of assets | — | — | (40,000) |
| Total costs and expenses | 2,753,120 | 2,847,576 | 2,473,945 |
| OPERATING INCOME | 213,096 | 329,420 | 315,012 |
| Equity in earnings of equity investees | 58,291 | 66,198 | 54,206 |
| Interest expense, net | (287,235) | (244,663) | (226,156) |
| Other expense, net | (15,367) | (4,627) | (10,758) |
| Income (loss) from operations before income taxes | (31,215) | 146,328 | 132,304 |
| Income tax benefit (expense) | (1,792) | 19 | (3,169) |
| NET INCOME (LOSS) | (33,007) | 146,347 | 129,135 |
| Net income attributable to noncontrolling interests | (30,940) | (28,627) | (23,235) |
| Net income attributable to redeemable noncontrolling interests | — | — | (30,443) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $(63,947) | $117,720 | $75,457 |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | (87,576) | (90,725) | (80,052) |
| NET INCOME (LOSS) AVAILABLE TO COMMON UNITHOLDERS | $(151,523) | $26,995 | $(4,595) |
| Basic and Diluted Net Income (Loss) Per Common Unit | $(1.24) | $0.22 | $(0.04) |
| Basic and Diluted Weighted Average Outstanding Common Units | 122,464 | 122,535 | 122,579 |
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