---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-21-000053"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2021-08-04T23:59:59+00:00"
generated_at: "2026-06-29T22:16:27.602832+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001022321-21-000053
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2021-08-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232121000053/0001022321-21-000053-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232121000053/gel-20210804.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-21-000053
- JSON: https://secwatch.observer/filing/0001022321-21-000053.json
- Plain text: https://secwatch.observer/filing/0001022321-21-000053.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.