GENESIS ENERGY LP
For the period ended Sep 30, 2025. Filed Oct 30, 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.
Sep 30, 2025 · Filed Oct 30, 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 Cash Flows
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2025 | 2024 | |
| CASH FLOWS FROM OPERATING ACTIVITIES: | ||
| Net income (loss) | $(427,519) | $8,282 |
| Adjustments to reconcile net income (loss) to net cash provided by operating activities - | ||
| Depreciation, depletion and amortization | 188,007 | 233,221 |
| Amortization and write-off of debt issuance costs, premium and discount | 10,154 | 10,319 |
| Loss from disposal of discontinued operations (Note 4) | 432,193 | — |
| Equity in earnings of investments in equity investees | (35,667) | (40,288) |
| Cash distributions of earnings of equity investees | 35,240 | 40,144 |
| Non-cash effect of long-term incentive compensation plans | 9,881 | 8,120 |
| Deferred and other tax liabilities | (115) | (1,192) |
| Unrealized gains on derivative transactions | (68) | (9,364) |
| Other, net | 20,317 | 8,972 |
| Net changes in components of operating assets and liabilities (Note 15) | (90,379) | 59,752 |
| Net cash provided by operating activities | 142,044 | 317,966 |
| CASH FLOWS FROM INVESTING ACTIVITIES: | ||
| Payments to acquire fixed and intangible assets | (163,108) | (466,088) |
| Proceeds from disposal of discontinued operations, net of cash divested (Note 4) | 996,642 | — |
| Cash distributions received from equity investees - return of investment | 17,347 | 18,685 |
| Investments in equity investees | — | (285) |
| Proceeds from asset sales | 970 | 11,302 |
| Net cash provided by (used in) investing activities | 851,851 | (436,386) |
| CASH FLOWS FROM FINANCING ACTIVITIES: | ||
| Borrowings on senior secured credit facility | 664,900 | 1,060,000 |
| Repayments on senior secured credit facility | (897,300) | (1,150,700) |
| Proceeds from issuance of senior unsecured notes (Note 10) | — | 700,000 |
| Repayment of senior unsecured notes (Note 10) | (414,370) | (339,310) |
| Repayment of Alkali senior secured notes | — | (8,695) |
| Debt issuance costs | (1,493) | (17,685) |
| Contributions from noncontrolling interests | 48,652 | 25,290 |
| Distributions to noncontrolling interests | (39,447) | (29,439) |
| Distributions to common unitholders | (60,621) | (55,110) |
| Distributions to Class A Convertible Preferred unitholders | (56,704) | (65,682) |
| Redemption of Class A Convertible Preferred Units (Note 11) | (262,500) | — |
| Other, net | 351 | 3,481 |
| Net cash provided by (used in) financing activities | (1,018,532) | 122,150 |
| Net increase (decrease) in cash, cash equivalents and restricted cash | (24,637) | 3,730 |
| Cash, cash equivalents and restricted cash at beginning of period | 29,552 | 28,038 |
| Cash, cash equivalents, and restricted cash at beginning of period: discontinued operations | 22,200 | 21,806 |
| Cash and cash equivalents at beginning of period: continuing operations | 7,352 | 6,232 |
| Cash, cash equivalents and restricted cash at end of period | 4,915 | 31,768 |
| Cash, cash equivalents and restricted cash at end of period: discontinued operations | — | 25,822 |
| Cash and cash equivalents at end of period: continuing operations | $4,915 | $5,946 |
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