earnings
confidence high
sentiment positive
materiality 0.80
Genesis Energy Q2 net income $42.9M, distribution raised 11% QoQ to $0.20/unit
GENESIS ENERGY LP
- Net income of $42.9M vs loss of $0.4M in Q2 2025; operating cash flow $180.7M vs $47.0M.
- Available Cash before Reserves $78.3M; distribution increased to $0.20/unit (3.2x coverage).
- Repurchased $83M of Series A preferred at 102% of par; reduced annual cost of capital by ~$25M.
- Sold non-core offshore gas assets for $95M; established $99.5M receivables facility at SOFR+1.375%.
- Full-year 2026 Adjusted EBITDA expected towards lower end of prior range; offshore volumes face transitory headwinds.