secwatch.observer — SEC 8-K summary
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Issuer:     GENESIS ENERGY LP (GEL)
CIK:        0001022321
Form:       8-K
Filed at:   2026-05-07T23:59:59+00:00
Accession:  0001022321-26-000014
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1022321/000102232126000014/0001022321-26-000014-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1022321/000102232126000014/gel-20260507.htm
  HTML page:      https://secwatch.observer/filing/0001022321-26-000014

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer