GENESIS ENERGY LP Reports $22.8M Net Income in 10-Q

By Ahmed Jameison • Thursday, October 30 15:39 • Permanent Link

GENESIS ENERGY LP has recently released its 10-Q report, providing a detailed overview of its operations and financial performance. The company operates in the midstream segment of the crude oil and natural gas industry in the United States, with divisions in Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation.

In the 10-Q report, GENESIS ENERGY LP reported Net Income from Continuing Operations of $22.8 million during the three months ended September 30, 2025, compared to a Net Loss from Continuing Operations of $4.6 million during the same period in 2024. The increase in operating income was primarily driven by the offshore pipeline transportation segment. The company also reported a Net Loss from Discontinued Operations, net of tax of $4.7 million during the 2024 Quarter associated with the Alkali Business that was sold on February 28, 2025.

Cash flow from operating activities was $70.3 million for the 2025 Quarter, compared to $87.3 million for the 2024 Quarter. Available Cash before Reserves to common unitholders was $35.5 million for the 2025 Quarter, an increase of $11.0 million, or 45%, from the 2024 Quarter. Segment Margin, a key financial metric, was $146.6 million for the 2025 Quarter, an increase of $24.6 million, or 20%, from the 2024 Quarter.

The company's revenues for the 2025 Quarter increased $16.7 million, or 4%, from the 2024 Quarter, while total costs and expenses decreased $13.3 million, or 4%, between the two periods. The increase in operating income during the 2025 Quarter was primarily due to the offshore pipeline transportation segment and the contractual minimum volume commitments associated with the Shenandoah deepwater development.

GENESIS ENERGY LP's offshore pipeline transportation segment reported a Segment Margin of $101.3 million for the 2025 Quarter, reflecting an increase from the 2024 Quarter. The company also provided volumetric data, showcasing its performance in crude oil and natural gas transportation volumes.

The 10-Q report also highlighted the company's focus on deleveraging its balance sheet and its belief in the strong fundamentals of its core businesses, despite uncertainties in the market environment. GENESIS ENERGY LP emphasized its ongoing monitoring of the current market conditions and its commitment to evaluating the recoverability of its long-lived assets, intangible assets, and goodwill, which could result in impairment charges.

Following these announcements, the company's shares moved -1.24%, and are now trading at a price of $15.98. For more information, read the company's full 10-Q submission here.

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