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
GEL$13.00+2.1%Stored close · as of Nov 10, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Unaudited Condensed Consolidated Statements of Operations
| Three Months EndedMarch 31, | ||
|---|---|---|
| 2025 | 2024 | |
| REVENUES: | ||
| Offshore pipeline transportation | $108,887 | $101,990 |
| Marine transportation | 80,644 | 83,574 |
| Onshore transportation and services | 208,780 | 248,883 |
| Total revenues | 398,311 | 434,447 |
| COSTS AND EXPENSES: | ||
| Offshore pipeline transportation operating costs | 32,936 | 27,818 |
| Marine transportation operating costs | 50,889 | 52,408 |
| Onshore transportation and services product costs | 127,691 | 160,388 |
| Onshore transportation and services operating costs | 68,009 | 71,687 |
| General and administrative | 40,642 | 14,700 |
| Depreciation and amortization | 56,171 | 49,391 |
| Total costs and expenses | 376,338 | 376,392 |
| OPERATING INCOME | 21,973 | 58,055 |
| Equity in earnings of equity investees | 12,492 | 16,441 |
| Interest expense, net | (70,038) | (62,334) |
| Other expense | (844) | — |
| Income (loss) from continuing operations before income taxes | (36,417) | 12,162 |
| Income tax expense | (144) | (809) |
| NET INCOME (LOSS) FROM CONTINUING OPERATIONS | (36,561) | 11,353 |
| DISCONTINUED OPERATIONS (Note 4): | ||
| Income from discontinued operations, net of tax | 8,448 | 7,603 |
| Loss from disposal of discontinued operations | (432,193) | — |
| NET INCOME (LOSS) FROM DISCONTINUED OPERATIONS, NET OF TAX | (423,745) | 7,603 |
| NET INCOME (LOSS) | (460,306) | 18,956 |
| Net income attributable to noncontrolling interests | (8,769) | (7,603) |
| NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P. | $(469,075) | $11,353 |
| Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units | (28,402) | (21,894) |
| NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS | $(497,477) | $(10,541) |
| Net loss from continuing operations per common unit - Basic and Diluted (Note 12) | $(0.60) | $(0.15) |
| Net loss per common unit - Basic and Diluted (Note 12) | $(4.06) | $(0.09) |
| WEIGHTED AVERAGE OUTSTANDING COMMON UNITS: | ||
| Basic and Diluted | 122,464 | 122,464 |
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