---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-23-000045"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2023-05-04T23:59:59+00:00"
generated_at: "2026-06-15T19:24:19.181605+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy posts Q1 net loss improvement, reaffirms FY Adjusted EBITDA guidance of $780-$810M

## Summary
- Net loss attributable to GEL narrowed to $1.6M in Q1 2023 from $5.3M in Q1 2022.
- Adjusted EBITDA of $179.1M; reaffirms full-year guidance range of $780-$810M.
- Leverage ratio improved to 3.99X, achieving long-term target; expects to remain below 4X at year-end.
- Soda ash production curtailed due to rail service issues, costing ~$15M; price increases for uncontracted export volumes.
- Repurchased $25M Series A preferred at discount; first oil from Argos/Mad Dog 2 received mid-April.

## SEC filing metadata
- accession: 0001022321-23-000045
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2023-05-04T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232123000045/0001022321-23-000045-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232123000045/gel-20230504.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-23-000045
- JSON: https://secwatch.observer/filing/0001022321-23-000045.json
- Plain text: https://secwatch.observer/filing/0001022321-23-000045.txt

## Key facts
- Earnings Releases
  GENESIS ENERGY LP reported quarter ended March 31, 2023 results: net income Net Loss Attributable to Genesis Energy, L.P. of $1.6 million. Guidance reaffirmed.
  - Period: quarter ended March 31, 2023
  - Net income: Net Loss Attributable to Genesis Energy, L.P. of $1.6 million
  - Guidance: reaffirmed
  - Result: reported results
  source text: Net Loss Attributable to Genesis Energy, L.P. of $1.6 million for the first quarter of 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022321/000102232123000045/0001022321-23-000045-index.htm

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