GENESIS ENERGY LP
For the period ended Sep 30, 2026. Filed Nov 5, 2026.
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Sep 30, 2026 · Filed Nov 5, 2026
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4. Discontinued Operations
- Discontinued Operations
On February 28, 2025, we completed the sale of the Alkali Business to an indirect affiliate of WE Soda Ltd for a gross purchase price of $1.425 billion. The sale generated proceeds of approximately $1.0 billion, which reflects the net proceeds after the payment of transaction costs and expenses, the assumption of $413.4 million of our then outstanding 5.875% senior secured notes due 2042 (the “Alkali senior secured notes”) by an indirect affiliate of WE Soda Ltd, and cash divested.
A reconciliation of the line items constituting pretax income from discontinued operations to net loss from discontinued operations, net of tax, is as follows:
| Three Months EndedSeptember 30, | Nine Months EndedSeptember 30, | |||
|---|---|---|---|---|
| 2026 | 2025 | 2026 | 2025 | |
| Major classes of line items constituting net loss from discontinued operations: | ||||
| Revenues | $— | $— | $— | $200,532 |
| Operating costs | — | — | — | (168,871) |
| General and administrative | — | — | — | (156) |
| Depreciation, depletion and amortization | — | — | — | (18,862) |
| Interest expense, net | — | — | — | (4,179) |
| Pretax income from discontinued operations | — | — | — | 8,464 |
| Loss from the sale of the Alkali Business | — | — | — | (432,193) |
| Total pretax loss from discontinued operations | — | — | — | (423,729) |
| Income tax expense | — | — | — | (16) |
| Net loss from discontinued operations, net of tax | $— | $— | $— | $(423,745) |
A summary of our cash flows associated with our discontinued operations is as follows:
| Nine Months EndedSeptember 30, | ||
|---|---|---|
| 2026 | 2025 | |
| Net cash flows provided by operating activities | $— | $31,453 |
| Net cash flows used in investing activities | — | (11,666) |
| Net cash flows used in financing activities | — | — |
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