Q4 Adj EBITDA $188.7M; record year $756.4M; 2024 guidance $680-740M

GENESIS ENERGY LP

2023-FY EPS reported $0.22 revenue$3,176,996,000

Net income $12.0M; cash from ops $124.8M; Available Cash before Reserves $88.3M (4.8X coverage).
Record full-year Adj EBITDA $756.4M, beating top end of guidance; 11% growth over normalized 2022.
2024 Adj EBITDA guidance $680-740M; expects inflection point in 2025 with Shenandoah/Salamanca (~$100M incremental).
Granger expansion commissioned (1.25M tons/yr); Winterfell contracts signed, first oil Q2 2024.
Repurchased $75M preferred units at discount and 114,900 common units at $9.09 avg.

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 financial results for the fourth quarter of 2023.

Period: the fourth quarter of 2023
Result: reported results

Exact text from the filing

We issued a press release on February 15, 2024 regarding our financial results for the quarter ended December 31, 2023

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GENESIS ENERGY LP filing history →

Source: SEC EDGAR

accession 0001022321-24-000015

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