GENESIS ENERGY LP
For the period ended Dec 31, 2025. Filed Feb 18, 2026.
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FY2025 · Filed Feb 18, 2026
GEL$12.73-1.0%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
(In thousands, except units)
| December 31, 2025 | December 31, 2024 | |
|---|---|---|
| ASSETS | ||
| CURRENT ASSETS: | ||
| Cash and cash equivalents | $6,437 | $7,352 |
| Accounts receivable—trade, net | 608,221 | 479,504 |
| Inventories | 55,366 | 37,782 |
| Other | 17,442 | 18,789 |
| Current assets held for discontinued operations | — | 368,307 |
| Total current assets | 687,466 | 911,734 |
| FIXED ASSETS, at cost | 5,374,060 | 5,280,860 |
| Less: Accumulated depreciation | (1,908,737) | (1,740,974) |
| Net fixed assets | 3,465,323 | 3,539,886 |
| EQUITY INVESTEES | 218,631 | 240,368 |
| INTANGIBLE ASSETS, net of amortization | 75,606 | 85,287 |
| GOODWILL | 301,959 | 301,959 |
| RIGHT OF USE ASSETS, net | 57,670 | 65,739 |
| OTHER ASSETS, net of amortization | 54,048 | 53,606 |
| NON-CURRENT ASSETS - held for discontinued operations | — | 1,839,113 |
| TOTAL ASSETS | $4,860,703 | $7,037,692 |
| LIABILITIES AND CAPITAL | ||
| CURRENT LIABILITIES: | ||
| Accounts payable—trade | $490,712 | $388,245 |
| Accrued liabilities | 208,980 | 254,202 |
| Current liabilities held for discontinued operations | — | 216,308 |
| Total current liabilities | 699,692 | 858,755 |
| SENIOR SECURED CREDIT FACILITY | 6,400 | 291,000 |
| SENIOR UNSECURED NOTES, net of debt issuance costs, discount and premium | 3,040,415 | 3,436,860 |
| DEFERRED TAX LIABILITIES | 17,405 | 16,575 |
| OTHER LONG-TERM LIABILITIES | 388,707 | 389,161 |
| LONG-TERM LIABILITIES - held for discontinued operations | — | 529,558 |
| Total liabilities | 4,152,619 | 5,521,909 |
| MEZZANINE CAPITAL: | ||
| Class A Convertible Preferred Units, 15,695,722 and 23,111,918 issued and outstanding at December 31, 2025 and 2024, respectively | 552,523 | 813,589 |
| COMMITMENTS AND CONTINGENCIES (Note 21) | ||
| PARTNERS’ CAPITAL (DEFICIT): | ||
| Common unitholders, 122,464,318 units issued and outstanding at December 31, 2025 and 2024 | (314,346) | 279,891 |
| Accumulated other comprehensive income | — | 9,486 |
| Noncontrolling interests | 469,907 | 412,817 |
| Total partners’ capital | 155,561 | 702,194 |
| TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL | $4,860,703 | $7,037,692 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.