---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-26-000003"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2026-02-12T23:59:59+00:00"
generated_at: "2026-05-16T02:53:47.913719+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q4 net income $19.9M vs loss; distribution up 9.1%; sees 15-20% EBITDA growth in 2026

## Summary
- Net income $19.9M in Q4 2025 vs net loss $49.4M in Q4 2024; cash flow from operations $110.8M vs $74.0M.
- Quarterly distribution raised 9.1% to $0.18/common unit; 2.77x coverage on $61.1M Available Cash before Reserves.
- Full-year 2025 Adjusted EBITDA ~$544M (low end of $545-575M guidance); normalized 2025 EBITDA ~$500-510M.
- Offshore pipeline segment margin up ~57% from Q1; Shenandoah and Salamanca volumes driving growth; no significant growth capex in 2026.
- Repurchased $25M of preferred units at par; expects 15-20% EBITDA growth in 2026 over normalized 2025.

## SEC filing metadata
- accession: 0001022321-26-000003
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2026-02-12T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- 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/1022321/000102232126000003/0001022321-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232126000003/gel-20260212.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-26-000003
- JSON: https://secwatch.observer/filing/0001022321-26-000003.json
- Plain text: https://secwatch.observer/filing/0001022321-26-000003.txt

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