Genesis Energy Q2 net loss narrows to $41.7M; lowers full-year EBITDA guidance to low end of $630-660M range

GENESIS ENERGY LP

2021-Q2 EPS reported -$0.92 revenue$1,025,074,000

Net loss attributable to common unitholders $41.7M vs $326.7M loss in Q2 2020 (inclusive of $277.5M impairment).
Total Segment Margin $152.1M; Adjusted EBITDA $140.9M.
Available Cash before Reserves to common unitholders $49.6M, providing 2.70x coverage for $0.15/unit quarterly distribution.
Leverage ratio 5.47x; refinanced credit facility to March 2024 and completed tack-on of 2027 notes.
Full-year 2021 Adjusted Consolidated EBITDA expected at low end of $630-660M range; Argos and King's Quay on track for first oil H1 2022.

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