secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2022-02-17T23:59:59+00:00
Accession:  0001022321-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy Q4 net loss narrows to $68.3M; guides 2022 Adj. EBITDA $565-585M
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- 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).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232122000015/0001022321-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232122000015/gel-20220217.htm
  HTML page:      https://secwatch.observer/filing/0001022321-22-000015

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