earnings
confidence high
sentiment positive
materiality 0.85
Genesis Energy Q4 net loss narrows to $68.3M; guides 2022 Adj. EBITDA $565-585M
GENESIS ENERGY LP
2021-FY EPS reported
-$1.96
revenue$2,125,476,000
- Net loss $68.3M vs $85.2M loss in Q4 2020; cash from ops $95.6M vs $1.1M.
- Sold 36% interest in CHOPS for ~$418M; used proceeds to reduce debt; leverage ratio 4.99x at year-end.
- 2022 guidance: total segment margin $620-640M, Adj. EBITDA $565-585M; sees $700-800M annual Adj. EBITDA in future.
- Soda ash prices expected to exceed 2019 levels; restarting Granger plant Q1 2023; expansion on track Q3 2023.
- Offshore segment expects ~$345M in 2022; exiting CO2 pipeline (no contribution vs $70M in 2021).