Business
Genesis Energy, L.P. Reports First Quarter 2025 Results
HOUSTON, May 08, 2025--Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results.
About this update from Genesis Energy, L.p.
[{"type":"image","alt":"","displaySize":"","headline":null,"caption":"","credit":null,"className":"","disableSlideshowImg":false,"size":{"original":{"width":1024,"height":512,"url":"https://media.zenfs.com/en/business-wire.com/340644a40b05e7611131a6eb134d075e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/lyDvjCSLWE0USYNzn2GMdA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTQ4MDtjZj13ZWJw/https://media.zenfs.com/en/business-wire.com/340644a40b05e7611131a6eb134d075e","width":960,"height":480},"lightbox":{"url":"https://s.yimg.com/ny/api/res/1.2/RN9lVuc9jiB1R1Fsk9g5MQ--/YXBwaWQ9aGlnaGxhbmRlcjt3PTIwNDg7aD0xMDI0O2NmPXdlYnA-/https://media.zenfs.com/en/business-wire.com/340644a40b05e7611131a6eb134d075e","width":1024,"height":512}},"lazy":false},{"type":"text","content":"HOUSTON, May 08, 2025--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its first quarter results.","length":115,"tagName":"p"},{"type":"text","content":"We generated the following financial results for the first quarter of 2025:","length":75,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Net Loss Attributable to Genesis Energy, L.P. of $469.1 million for the first quarter of 2025 compared to Net Income Attributable to Genesis Energy, L.P. of $11.4 million for the same period in 2024.","length":199,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Cash Flows from Operating Activities of $24.8 million for the first quarter of 2025 compared to $125.9 million for the same period in 2024.","length":139,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"We declared cash distributions on our preferred units of $0.9473 for each preferred unit, which equates to a cash distribution of approximately $19.9 million (of which $5.1 million was paid in March 2025) and is reflected as a reduction to Available Cash before Reserves to common unitholders.","length":293,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Available Cash before Reserves to common unitholders of $20.3 million for the first quarter of 2025, which provided 1.01X coverage for the quarterly distribution of $0.165 per common unit attributable to the first quarter.","length":222,"tagName":"p","attribs":{}}]},{"val":[{"type":"text","content":"Total Segment Margin of $121.4 million for the first quarter of 2025.","length":69,"tagName":"p","attribs":{}}]},{"val":[{"t...