secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2026-02-12T23:59:59+00:00
Accession:  0001022321-26-000003
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232126000003/0001022321-26-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232126000003/gel-20260212.htm
  HTML page:      https://secwatch.observer/filing/0001022321-26-000003

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