Genesis Energy Reports Positive Turnaround in Q3 2025

Genesis Energy ( (GEL) ) has released its Q3 earnings. Here is a breakdown of the information Genesis Energy presented to its investors.

Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquartered in Houston, Texas, primarily engaged in offshore pipeline transportation, marine transportation, and onshore transportation and services, with operations concentrated in the Gulf of America and the Gulf Coast region of the United States.

In its third quarter of 2025, Genesis Energy reported a net income of $9.2 million, a significant turnaround from a net loss of $17.2 million in the same quarter of 2024. The company saw a decrease in cash flows from operating activities, reporting $70.3 million compared to $87.3 million in the previous year. The company declared cash distributions on its preferred units, amounting to approximately $14.9 million, and reported an adjusted EBITDA of $132.0 million.

Key highlights from the quarter include a strong performance in the offshore pipeline transportation segment, which benefited from favorable conditions and the start-up of new production units like Shenandoah and Salamanca. However, the marine transportation segment faced challenges due to market conditions, although improvements were noted towards the end of the quarter. The onshore transportation and services segment performed in line with expectations, with increased throughput volumes.

Looking ahead, Genesis Energy remains focused on reducing debt and increasing free cash flow. The company is optimistic about its future financial performance, driven by new developments in its offshore pipeline transportation segment and a strategic approach to capital allocation. Management is committed to creating long-term value for stakeholders, emphasizing financial flexibility and disciplined decision-making.