Genesis Energy, L.p. · NYSE:GEL
Genesis Energy, L.p — Q2 2025 Earnings Presentation
10 slides from Genesis Energy, L.p's earnings presentation, Jul 31, 2025
Slide 1: Genesis Energy, L.P. 2Q 2025 Earnings Supplement
Genesis Energy, L.P. 2Q 2025 Earnings Supplement July 31, 2025
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 Shenandoah On-Line w/ Salamanca Up Next; Long-Term Thesis In-Tact • Long-term outlook and value proposition for Genesis remains in-tact and on schedule – Reported Adjusted EBITDA(a) of $122.9 million in the second quarter – Have reached the inflection point where we have completed our
Slide 4: Genesis Energy, L.P. – 2Q 2025 Update
Genesis Energy, L.P. – 2Q 2025 Update Key Segment and Operational Highlights • Offshore Pipeline Transportation Financial Results – Several previously shut-in offshore wells returned to service during 2Q; remaining producer-related mechanical issues expected to be 2Q 2025 remediated by end of the 3Q
Slide 5: Reconciliations
Reconciliations
Slide 6: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio (a) We define Adjusted Debt as the amounts outstanding under our senior secured credit facility and senior unsecured notes (including any unamortized discounts or issuance costs) less the amount outstanding under
Slide 7: Reconciliation: Segment Margin
Reconciliation Segment Margin ($ in 000s) YTD 3/31/2025 6/30/2025 2025 Income (loss) from continuing operations before income taxes ($36,417) $10,356 ($26,061) Net income attributable to noncontrolling interests (8,769) (10,417) (19,186) Corporate general and administrative expenses 41,676 15,068 56
Slide 8: Reconciliation: Available Cash Before Reserves
Reconciliation Available Cash Before Reserves ($ in 000s) YTD 3/31/2025 6/30/2025 2025 Net income (loss) attributable to Genesis Energy, L.P. ($469,075) ($406) ($469,481) Interest expense, net 70,038 60,754 130,792 Income tax expense (benefit) 144 345 489 Depreciation, amortization and accretion 59,
Slide 9: Reconciliation: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliation Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) Long-term debt 6/30/2025 2024 2023 2022 2021 2020 Senior secured credit facility $71,600 $291,000 $298,300 $205,400 $49,000 $643,700 Senior unsecured notes, net of debt issuance costs, discount and premium 3,035,915 3,436,860 3,
Slide 10: Reconciliation: Select Items
Reconciliation Select Items ($ in 000s) YTD 3/31/2025 6/30/2025 2025 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) ($8,287) ($9,071) ($17,358) Unrealized gains on derivative transactions excluding fair value hedges, net of changes