secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2024-02-15T23:59:59+00:00
Accession:  0001022321-24-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232124000015/0001022321-24-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232124000015/gel-20240215.htm
  HTML page:      https://secwatch.observer/filing/0001022321-24-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer