Genesis Energy LP has recently released its 10-K report, providing a detailed insight into the company's financial performance and operations. The company operates in the midstream segment of the crude oil and natural gas industry in the United States. Its business segments include Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation. Genesis Energy LP was incorporated in 1996 and is headquartered in Houston, Texas.
In the 10-K report, the company reported a Net Income from Continuing Operations of $30.5 million in 2025, compared to a Net Loss from Continuing Operations of $50.8 million in 2024. This improvement was primarily attributed to an increase in operating income associated with the reportable segments, particularly the offshore pipeline transportation segment. However, the company also reported a Net Loss from Discontinued Operations, net of tax of $423.7 million in 2025, impacted by a loss of $432.2 million associated with the sale of the Alkali Business.
Cash flows from operating activities, inclusive of both continuing and discontinued operations, were reported at $252.8 million for 2025, compared to $391.9 million for 2024. Available Cash before Reserves to common unitholders was $149.1 million for 2025, a decrease of $10.3 million from 2024. The company paid a distribution of $0.18 per common unit related to the fourth quarter of 2025, representing a 9% increase in the quarterly distribution to common unitholders from the previous quarter.
In terms of recent developments and initiatives, Genesis Energy LP highlighted the completion of major growth capital spending programs, including the construction and connection of the SYNC Pipeline and the expansion of the existing CHOPS Pipeline. The company also emphasized its objectives to generate and grow stable free cash flows from operations and continue to deleverage its balance sheet.
Furthermore, the report detailed the completion of the sale of the Alkali Business to an affiliate for a gross purchase price of $1.425 billion, which allowed the company to deleverage its balance sheet and provide additional financial flexibility.
In the Results of Operations section, the company discussed its revenues, costs, and expenses, highlighting a decrease in revenues of $30.4 million and a decrease in costs and expenses of $75.7 million in 2025 compared to 2024. The increase in operating income during 2025 was primarily attributed to the offshore pipeline transportation segment and a subsequent ramp-up in production from the Shenandoah development.
Genesis Energy LP's 10-K report provides a comprehensive overview of its financial performance, strategic initiatives, and business segments, offering investors and stakeholders valuable insights into the company's operations and future prospects. As a result of these announcements, the company's shares have moved 1.0% on the market, and are now trading at a price of $17.15. If you want to know more, read the company's complete 10-K report here.
