secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2021-08-04T23:59:59+00:00
Accession:  0001022321-21-000053
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232121000053/0001022321-21-000053-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232121000053/gel-20210804.htm
  HTML page:      https://secwatch.observer/filing/0001022321-21-000053

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