secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2025-02-13T23:59:59+00:00
Accession:  0001022321-25-000017
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232125000017/0001022321-25-000017-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232125000017/gel-20250213.htm
  HTML page:      https://secwatch.observer/filing/0001022321-25-000017

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