Genesis Energy Q4 net income $42M vs loss; 2023 EBITDA guidance $780-810M

GENESIS ENERGY LP

2022-FY EPS reported -$0.04 revenue$2,788,957,000

Net income $42.0M in Q4 2022 vs net loss $68.3M in Q4 2021; Adjusted EBITDA $180.2M.
Full-year 2022 Adjusted EBITDA $717.1M, above raised guidance; 2023 guidance $780-810M.
Leverage ratio reduced to 4.14x from 5.51x in Q3 2021; target ≤4.0x by end 2023.
Completed $500M 8.875% notes due 2030, redeemed 5.625% notes due 2024; upsized credit facility to $850M.
Soda ash: 85% of 2023 volumes contracted at higher weighted average price than 2022; Granger expansion on schedule.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

GENESIS ENERGY LP reported the fourth quarter of 2022 results: net income $42.0 million. Guidance initiated.

Period: the fourth quarter of 2022
Net income: $42.0 million
Guidance: initiated
Result: reported results

Exact text from the filing

Net Income Attributable to Genesis Energy, L.P. of $42.0 million for the fourth quarter of 2022 compared to Net Loss Attributable to Genesis Energy, L.P. of $68.3 million for the same period in 2021.

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GENESIS ENERGY LP filing history →

Source: SEC EDGAR

accession 0001022321-23-000015

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