---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-22-000057"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2022-07-28T23:59:59+00:00"
generated_at: "2026-06-24T07:13:22.272239+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q2 net income $35.3M vs loss $41.7M; raises 2022 EBITDA guidance to $670-680M

## Summary
- Net income of $35.3M vs net loss of $41.7M in Q2 2021; Adjusted EBITDA of $210.1M (incl. $32M gain on asset sale).
- Available Cash before Reserves to common unitholders $121.2M, providing 6.59X coverage for $0.15/unit quarterly distribution.
- Full-year 2022 Adjusted EBITDA guidance raised to $670-680M; expects 2023 low-to-mid $700M range.
- Leverage ratio (bank) at 4.49X as of June 30, target at or below 4.5X exit 2022 and near 4.0X exit 2023.
- Segment highlights: offshore pipeline returning to normal ops; soda ash market structurally short; Granger expansion on schedule.

## SEC filing metadata
- accession: 0001022321-22-000057
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2022-07-28T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232122000057/0001022321-22-000057-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232122000057/gel-20220728.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-22-000057
- JSON: https://secwatch.observer/filing/0001022321-22-000057.json
- Plain text: https://secwatch.observer/filing/0001022321-22-000057.txt

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