Genesis Energy, L.P. · NYSE:GEL
Genesis Energy, L.P — Q3 2026 Earnings Presentation
10 slides from Genesis Energy, L.P's earnings presentation, Nov 5, 2026
Slide 1: Genesis Energy, L.P. Third Quarter 2026 Earnings Supplement
Genesis Energy, L.P. THIRD QUARTER 2026 · EARNINGS SUPPLEMENT November 5, 2026
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes forward-looking statements as defined under federal law. Although we believe that our expectations are based upon reasonable assumptions, we can give no assurance that our goals will be achieved. Actual results may vary materially. All statements
Slide 3: Key Takeaways
Key Takeaways Results Modestly Ahead of Internal Expectations; A Transformational Year for the Balance Sheet $130.5mm $0.20 5.03x $218mm Adjusted EBITDA Common Distribution / unit 3Q 2026 Bank Leverage Ratio Preferred Units Redeemed YTD 2026 3Q 2026 reported Unchanged QoQ · ▲ ~21% YoY Revolver undra
Slide 4: Key Segment & Operational Highlights
Genesis Energy, L.P. — 3Q 2026 Update Key Segment & Operational Highlights FINANCIAL RESULTS Offshore Pipeline Transportation $97.8mm • No weather-related shut-ins during 3Q, partially offset by lower producer volumes (legacy-field curtailments, Total Segment Margin $147.2mm two initial Shenandoah w
Slide 5: Reconciliations
Reconciliations Reconciliation of non-GAAP financial measures
Slide 6: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ($ in 000s) 9/30/2026 Senior secured credit facility - Senior unsecured notes, net of debt issuance costs and discount 3,106,655 Less: Outstanding inventory financing sublimit borrowings (10,500) Less: Cash and c
Slide 7: Reconciliations: Segment Margin
Reconciliations Segment Margin YTD ($ in 000s) 1Q 2026 2Q 2026 3Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 2025 2026 Income (loss) from continuing operations before income taxes 19,257 56,812 14,687 90,756 (36,417) 10,356 23,029 34,343 31,311 Net income attributable to noncontrolling interests (12,345)
Slide 8: Reconciliations: Available Cash Before Reserves
Reconciliations Available Cash Before Reserves YTD ($ in 000s) 1Q 2026 2Q 2026 3Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 2025 2026 Net Income (Loss) Attributable to Genesis Energy, L.P. 6,800 42,857 2,415 52,072 (469,075) (406) 9,207 19,871 (440,403) Interest expense, net 67,978 66,954 67,275 202,207
Slide 9: Reconciliations: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliations Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) 3Q 2026 2Q 2026 1Q 2026 4Q 2025 Senior secured credit facility - - 74,100 6,400 Senior unsecured notes, net of debt issuance costs and discount 3,106,655 3,104,316 3,102,076 3,040,415 Less: Outstanding inventory financing subli
Slide 10: Reconciliations: Select Items
Reconciliations Select Items YTD ($ in 000s) 1Q 2026 2Q 2026 3Q 2026 1Q 2025 2Q 2025 3Q 2025 4Q 2025 2025 2026 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) (2,094) (6,321) (7,785) (16,200) (8,287) (9,071) (7,091) 4,552 (19,897) C