---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-25-000043"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T02:56:02.886108+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.9
calibrated_materiality_score: 0.9
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q1 net loss $469M; completes soda ash sale, reduces annual cash costs $120M+

## Summary
- Net loss $469.1M vs net income $11.4M YoY; cash from ops $24.8M vs $125.9M.
- Sold soda ash business to WE Soda affiliate for $1.425B enterprise value; net cash ~$1.0B after costs.
- Used proceeds to pay down revolver, redeem 8% notes due 2027, repurchase $250M Class A Convertible Preferred.
- Offshore expansion: SYNC 1 pipeline commissioning end of May; Shenandoah first oil June; Salamanca first oil Q3.
- 2025 Adjusted EBITDA guidance $545-575M; bank leverage 5.49x; nearest maturity early 2028.

## SEC filing metadata
- accession: 0001022321-25-000043
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.9
- calibrated_materiality_score: 0.9
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232125000043/0001022321-25-000043-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232125000043/gel-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-25-000043
- JSON: https://secwatch.observer/filing/0001022321-25-000043.json
- Plain text: https://secwatch.observer/filing/0001022321-25-000043.txt

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