Genesis Energy LP (NYSE:GEL)

Q2 2025 Genesis Energy LP Earnings Call Transcript

Jul 31, 2025 / 02:00 PM GMT

Release Date Price: $17.36 (+4.14%)

Transcript 10-Q8-K

Key Points

Positve

Successful commissioning and startup of the Shenandoah production facility, which has a nameplate capacity of 120,000 barrels per day.
The Shenandoah project is expected to achieve 100,000 barrels a day of oil production from the initial four wells by the end of September.
The Salamanca development is on track to achieve first oil by the end of the third quarter, with production ramping up quickly thereafter.
Genesis Energy LP (GEL) anticipates generating increasing amounts of free cash flow starting in the third quarter of 2025.
The company is well-positioned to benefit from the strategic role of its pipelines, facilitating the development of additional reserves for many years.

Negative

Initial production from Shenandoah was delayed by around six months due to an industrial mishap and commissioning challenges.
The company expects to come in at or near the low end of its previous guidance range for 2025 due to delays in production and remediation efforts.
Marine transportation segment faced challenges with increased supply of larger equipment in the Gulf Coast, limiting the ability to drive day rates higher.
Certain high-margin offshore wells remain offline, impacting the offshore pipeline transportation segment.
The resolution of producer-related mechanical issues has taken longer than previously expected, affecting overall performance.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

GEL.N - Genesis Energy LP
Q2 2025 Genesis Energy LP Earnings Call
Jul 31, 2025 / 02:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Genesis Energy LP 2nd quarter 2025 earnings conference call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require operator assistance, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce Dwayne Morley, Vice President of IR. Please.

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Unidentified_2 [2]
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Good morning and welcome to the 2025 2nd quarter conference call for Genesis Energy. Genesis Energy has three

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