Slide 1: Genesis Energy, L.P. 3Q 2025 Earnings Supplement
Genesis Energy, L.P. 3Q 2025 Earnings Supplement October 30, 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 & Salamanca On-Line; Long-Term Thesis Progressing • Long-term outlook and value proposition for Genesis remains in-tact – Reported Adjusted EBITDA(a) of $132.0 million in the third quarter – Have reached the inflection point where we have completed our major capital spending
Slide 4: Genesis Energy, L.P. – 3Q 2025 Update
Genesis Energy, L.P. – 3Q 2025 Update Key Segment and Operational Highlights • Offshore Pipeline Transportation – Majority of previously shut-in offshore wells returned to service; No Financial Results weather-related disruptions and ramping production from Shenandoah 3Q 2025 – Shenandoah achieved f
Slide 5: Reconciliations
Reconciliations
Slide 6: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ($ in 000s) 9/30/2025 Senior secured credit facility $58,600 Senior unsecured notes, net of debt issuance costs and discount 3,038,162 Less: Outstanding inventory financing sublimit borrowings (28,000) Less: Cash
Slide 7: Reconciliation: Segment Margin
Reconciliation Segment Margin ($ in 000s) YTD 3/31/2025 6/30/2025 9/30/2025 2025 Income (loss) from continuing operations before income taxes ($36,417) $10,356 $23,029 ($3,032) Net income attributable to noncontrolling interests (8,769) (10,417) (13,569) (32,755) Corporate general and administrative
Slide 8: Reconciliation: Available Cash Before Reserves
Reconciliation Available Cash Before Reserves ($ in 000s) YTD 3/31/2025 6/30/2025 9/30/2025 2025 Net income (loss) attributable to Genesis Energy, L.P. ($469,075) ($406) $9,207 ($460,274) Interest expense, net 70,038 60,754 66,407 197,199 Income tax expense (benefit) 144 345 253 742 Depreciation, am
Slide 9: Reconciliation: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliation Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) Long-term debt 9/30/2025 2024 2023 2022 2021 2020 Senior secured credit facility $58,600 $291,000 $298,300 $205,400 $49,000 $643,700 Senior unsecured notes, net of debt issuance costs, discount and premium 3,038,162 3,436,860 3,
Slide 10: Reconciliation: Select Items
Reconciliation Select Items ($ in 000s) YTD 3/31/2025 6/30/2025 9/30/2025 2025 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) ($8,287) ($9,071) ($7,091) ($24,449) Unrealized gains on derivative transactions excluding fair value hed