---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-24-000091"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2024-10-31T23:59:59+00:00"
generated_at: "2026-05-30T07:13:19.965826+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q3 net loss $17.2M vs $58.1M profit; offshore delays, soda ash challenges cited

## Summary
- Net loss of $17.2M versus net income of $58.1M in Q3 2023; cash from ops fell to $87.3M.
- Adjusted EBITDA $136.7M; total Segment Margin $151.1M; Available Cash before Reserves to common unitholders $24.5M (1.21x coverage).
- Offshore segment hit by delays at Winterfell and Warrior; producer mechanical issues and hurricanes Beryl and Francine.
- Soda ash impacted by Westvaco outages and weaker export pricing; missing >300,000 tons from original full-year forecast.
- Management reaffirms 2025 growth outlook despite near-term transition; leverage ratio at 4.84x, no near-term debt maturities.

## SEC filing metadata
- accession: 0001022321-24-000091
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2024-10-31T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232124000091/0001022321-24-000091-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232124000091/gel-20241031.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-24-000091
- JSON: https://secwatch.observer/filing/0001022321-24-000091.json
- Plain text: https://secwatch.observer/filing/0001022321-24-000091.txt

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