GENESIS ENERGY LP
For the period ended Mar 31, 2025. Filed May 8, 2025.
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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.
Mar 31, 2025 · Filed May 8, 2025
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6. Inventories
- Inventories
The major components of inventories were as follows:
| March 31, 2025 | December 31, 2024 | |
|---|---|---|
| Crude oil | $21,324 | $20,381 |
| NaHS | 9,787 | 10,902 |
| Caustic soda | 6,959 | 6,499 |
| Total | $38,070 | $37,782 |
Inventories are valued at the lower of cost or net realizable value. There was no adjustment to the net realizable value of inventories as of March 31, 2025. As of December 31, 2024, the net realizable value of inventories was below cost by $0.4 million, which triggered a reduction of the value of inventory in our Unaudited Condensed Consolidated Financial Statements by this amount.
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