Genesis Energy Q3 2023 Net Income $58.1M vs $3.4M YoY; Adjusted EBITDA $190.6M

GENESIS ENERGY LP

2023-Q3 EPS reported $0.30 revenue$2,402,892,000

Net Income Attributable to GEL of $58.1M vs $3.4M YoY; Cash from Ops $141.0M vs $94.3M.
Available Cash before Reserves to common unitholders $89.0M; distribution $0.15/unit covered 4.84x.
Total Segment Margin $207.9M; Adjusted EBITDA $190.6M. Trailing 12-month Adjusted EBITDA $808.8M.
FY2023 Adjusted EBITDA guidance maintained at $725-745M; expects to deliver at or near top end.
Offshore pipeline segment record throughput of ~675k bbl/day; Jones Act fleet at ~100% utilization.

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 third quarter of 2023 results: net income $58.1 million. Guidance reaffirmed.

Period: third quarter of 2023
Net income: $58.1 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the third quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $3.4 million for the same period in 2022.

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Source: SEC EDGAR

accession 0001022321-23-000095

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