secwatch.observer — SEC 8-K summary
======================================

Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2021-11-04T23:59:59+00:00
Accession:  0001022321-21-000078
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy Q3 net loss narrows to $20.9M; soda ash margins improve; lowers full-year outlook slightly
--------------------------------------------------------------------------------

- Net loss of $20.9M vs $29.7M loss in Q3 2020; Adjusted EBITDA of $140.5M.
- Total Segment Margin $153.9M; Offshore pipeline $76M (+33%), Sodium minerals $39.6M (+44%).
- Available Cash before Reserves $48.2M; distribution coverage 2.62X at $0.15/unit.
- Full-year Adj EBITDA guidance revised down to ~$620M; Q4 expected lower end of $80-$85M.
- Granger expansion on schedule for Q3 2023; may restart original facility in early 2023.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232121000078/0001022321-21-000078-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232121000078/gel-20211104.htm
  HTML page:      https://secwatch.observer/filing/0001022321-21-000078

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer