---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-25-000017"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2025-02-13T23:59:59+00:00"
generated_at: "2026-05-26T21:53:46.496195+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q4 net loss $49.4M; 2025 Adj EBITDA guidance ~$700M, cash flow positive H2 2025

## Summary
- 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.

## SEC filing metadata
- accession: 0001022321-25-000017
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2025-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232125000017/0001022321-25-000017-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232125000017/gel-20250213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-25-000017
- JSON: https://secwatch.observer/filing/0001022321-25-000017.json
- Plain text: https://secwatch.observer/filing/0001022321-25-000017.txt

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