---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-23-000073"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2023-08-03T23:59:59+00:00"
generated_at: "2026-06-12T06:56:29.309882+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q2 net income $49.3M, revises FY 2023 EBITDA guidance to $725-745M

## Summary
- Net income attributable to GEL $49.3M in Q2 2023, up from $35.3M in Q2 2022; operating cash flow $157.7M vs $104.0M.
- Adjusted EBITDA $198.0M in Q2 2023; full-year guidance cut to $725-745M (down ~5-6% from original, excluding Q1 lost $15M).
- Soda ash business returned to normal ops; softer export pricing due to slower global industrial demand and China reopening.
- Granger expansion on schedule for first soda ash production in coming months; marine utilization near 100% with new American Phoenix contract at highest day rate since 2014.
- Expect leverage ratio at or near 4.0x by year-end; long-term cash flow generation of $200-300M/year post-2025 growth capex.

## SEC filing metadata
- accession: 0001022321-23-000073
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2023-08-03T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/1022321/000102232123000073/0001022321-23-000073-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232123000073/gel-20230803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-23-000073
- JSON: https://secwatch.observer/filing/0001022321-23-000073.json
- Plain text: https://secwatch.observer/filing/0001022321-23-000073.txt

## Key facts
- Earnings Releases
  GENESIS ENERGY LP reported the second quarter of 2023 results: net income Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the second quarter of 2023. Guidance reaffirmed.
  - Period: the second quarter of 2023
  - Net income: Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the second quarter of 2023
  - Guidance: reaffirmed
  - Result: reported results
  source text: We issued a press release on August 3, 2023 regarding our financial results for the quarter ended June 30, 2023
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022321/000102232123000073/0001022321-23-000073-index.htm

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