Genesis Energy, L.p. · NYSE:GEL
Genesis Energy, L.p — Q2 2026 Earnings Presentation
10 slides from Genesis Energy, L.p's earnings presentation, Aug 6, 2026
Slide 1: Genesis Energy, L.P. Second Quarter 2026 Earnings Supplement
Genesis Energy, L.P. SECOND QUARTER 2026 · EARNINGS SUPPLEMENT August 6, 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 Offshore Resilient; Long-Term Thesis Progressing $171.5mm $0.20 5.00x $218mm Adjusted EBITDA Common Distribution / unit 2Q 2026 Bank Leverage Ratio Preferred Units Redeemed YTD 2026 2Q 2026 reported ▲ 11% QoQ · ▲ 21% YoY Reduced from 5.38x in 1Q26 Outstanding balance of ~$311mm Long-te
Slide 4: 2Q 2026 Update: Key Segment & Operational Highlights
Genesis Energy, L.P. — 2Q 2026 Update Key Segment & Operational Highlights FINANCIAL RESULTS Offshore Pipeline Transportation $115.6mm Total Segment Margin $169.5mm • Four Phase 1 Shenandoah wells on-line; rig on-site to perform remediation work on 1 of the wells • First Monument well successfully d
Slide 5: Reconciliations
Reconciliations Reconciliation of non-GAAP financial measures
Slide 6: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ($ in 000s) 6/30/2026 Senior secured credit facility - Senior unsecured notes, net of debt issuance costs and discount 3,104,316 Less: Outstanding inventory financing sublimit borrowings (17,100) Less: Cash and c
Slide 7: Reconciliations: Segment Margin
Reconciliations Segment Margin YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Income (loss) from continuing operations before income taxes 56,812 19,257 76,069 (36,417) 10,356 23,029 34,343 31,311 Net income attributable to noncontrolling interests (13,746) (1
Slide 8: Reconciliations: Available Cash Before Reserves
Reconciliations Available Cash Before Reserves YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Net Income (Loss) Attributable to Genesis Energy, L.P. 42,857 6,800 49,657 (469,075) (406) 9,207 19,871 (440,403) Interest expense, net 66,954 67,978 134,932 70,038 6
Slide 9: Reconciliations: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliations Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) 6/30/2026 3/31/2026 12/31/2025 Senior secured credit facility - 74,100 6,400 Senior unsecured notes, net of debt issuance costs and discount 3,104,316 3,102,076 3,040,415 Less: Outstanding inventory financing sublimit borrowing
Slide 10: Reconciliations: Select Items
Reconciliations Select Items YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) (6,321) (2,094) (8,415) (8,287) (9,071) (7,091) 4,552 (19,897) Certa