earnings
confidence high
sentiment negative
materiality 0.75
Genesis Energy Q4 net loss $49.4M; 2025 Adj EBITDA guidance ~$700M, cash flow positive H2 2025
GENESIS ENERGY LP
2024-FY EPS reported
-$1.24
revenue$2,966,216,000
- Net loss of $49.4M in Q4 2024 vs net income $12.0M in Q4 2023; Adjusted EBITDA $160.6M.
- Available Cash before Reserves to common unitholders $43.3M; distribution coverage 2.14x at $0.165/unit.
- Offshore projects >90% complete; Shenandoah/Salamanca first production expected late Q2 2025, adding ~200K bpd.
- 2025 Adj EBITDA guidance ~$700M, 2026 could reach ~$800M; annual cash costs ~$600-625M.
- Soda ash market oversupplied; prices challenged through H1 2025; cost reduction initiatives underway.