---
schema_version: "secwatch.filing_event.v1"
accession: "0001022321-26-000014"
form_type: "8-K"
ticker: "GEL"
cik: "0001022321"
company_name: "GENESIS ENERGY LP"
filed_at: "2026-05-07T23:59:59+00:00"
generated_at: "2026-05-14T21:19:32.250392+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Genesis Energy Q1 net income $6.8M; Shenandoah guidance cut $12-15M

## Summary
- Net income $6.8M vs loss $469.1M; Segment Margin $156.4M (+29% YoY).
- Adjusted EBITDA $140.9M; Available Cash before Reserves $43.8M; distribution $0.18/unit, 1.99x coverage.
- Offshore pipeline segment margin up 40% to $107.1M; Shenandoah contributed $12-15M less than original guidance.
- Issued $750M 6.75% senior notes due 2034; redeemed $679M 7.75% notes; repurchased $110M Series A preferred.
- CEO reaffirms full-year Adj. EBITDA: ~15-20% growth over ~$500-510M baseline, on track for midpoint.

## SEC filing metadata
- accession: 0001022321-26-000014
- form_type: 8-K
- ticker: GEL
- cik: 0001022321
- company_name: GENESIS ENERGY LP
- filed_at: 2026-05-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1022321/000102232126000014/0001022321-26-000014-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1022321/000102232126000014/gel-20260507.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001022321-26-000014
- JSON: https://secwatch.observer/filing/0001022321-26-000014.json
- Plain text: https://secwatch.observer/filing/0001022321-26-000014.txt

## Source-grounded claims
- claim_id: 0d21eaa2a32c63f26aacd4d126fa8a7cb60eebbd
  claim: GENESIS ENERGY LP reported first quarter of 2026 results: net income $6.8 million. Guidance reaffirmed.
  evidence_excerpt: Net Income Attributable to Genesis Energy, L.P. of $6.8 million for the first quarter of 2026
  evidence_url: https://www.sec.gov/Archives/edgar/data/1022321/000102232126000014/0001022321-26-000014-index.htm

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