secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2022-10-27T23:59:59+00:00
Accession:  0001022321-22-000088
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Genesis Energy Q3 net income $3.4M vs loss; raises 2022 EBITDA guidance
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- Net income $3.4M vs loss $20.9M in Q3 2021; cash from ops $94.3M vs $54.2M.
- Adjusted EBITDA $183.6M in Q3; trailing 12-month $692.3M, bank leverage ratio 4.27X.
- Raised 2022 Adj. EBITDA guidance to $700-$710M (from prior); expects exit leverage ≤4.25X.
- Expected 2023 Adj. EBITDA in mid-$700M range, leverage below 4.0X; Granger expansion on schedule.
- Q4 headwinds: sulfur services ~$5M impact from refinery outage; onshore facilities ~$4M from maintenance.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232122000088/0001022321-22-000088-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232122000088/gel-20221027.htm
  HTML page:      https://secwatch.observer/filing/0001022321-22-000088

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