Genesis Energy LP (NYSE:GEL)

Q4 2025 Genesis Energy LP Earnings Call Transcript

Feb 12, 2026 / 03:00 PM GMT

Release Date Price: $17.09 (-1.67%)

Transcript 10-K8-K

Key Points

Positve

Genesis Energy LP (GEL) reported Q4 2025 results slightly ahead of internal expectations, driven by strong growth in the offshore pipeline transportation segment.
The marine transportation segment returned to a normalized level of performance, benefiting from increased refinery runs of heavy crude oil.
Genesis Energy LP (GEL) ended the year with effectively zero outstanding under its $800 million senior secured revolving credit facility, indicating strong liquidity.
The company increased its quarterly common unit distribution by 9.1% year over year, reflecting confidence in its financial position.
Genesis Energy LP (GEL) anticipates sequential growth in adjusted EBITDA of 15-20% over 2025, driven by ongoing offshore developments and customer commitments.

Negative

The company expects a heavier than normal marine dry docking schedule in 2026, which may temporarily reduce vessel availability and impact margins.
Planned and routine turnarounds at production facilities in 2026 could be financially impactful, as they may last upwards of 30 to 45 days.
Genesis Energy LP (GEL) faces potential timing issues with offshore activities due to factors beyond its control, such as weather and customer schedules.
The onshore transportation and services segment faces structural headwinds due to past shifts in refinery crude preferences, impacting supply flexibility.
The company anticipates a higher maintenance capital expenditure year in 2026, with an expected increase of $15 to $20 million compared to 2025.

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

GEL.N - Genesis Energy LP
Q4 2025 Genesis Energy LP Earnings Call
Feb 12, 2026 / 03:00PM GMT

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Presentation
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Unidentified_1 [1]
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Greetings and welcome to the Genesis Energy Fourth quarter 2025 earnings conference call and webcast. At this time, all participants are in listen-only mode. A question-and-answer session will follow the formal presentation.

You may be placed in the question queue at any time by pressing 1 on your telephone keypad. As a reminder, this conference is being recorded. If anyone should require operator assistance, please press 0.

It's not my pleasure to turn the call over to your host, Dwayne Morley, Vice President of Investor relations. Please go ahead, Dwayne.

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Unidentified_2 [2]
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