Genesis Energy, L.P. (GEL) Q1 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.618 Greetings and welcome to Genesis Energy LP first quarter 2025 00:00:05.618 -- 00:00:10.884 earnings conference call. At this time, all participants are in a listen only mode. 00:00:10.884 -- 00:00:14.489 A question and answer session will follow the formal presentation. 00:00:14.489 -- 00:00:18.694 If anyone should require operator assistance, please press star zero or your telephone 00:00:18.694 -- 00:00:22.939 keypad. As a reminder, this conference is being recorded. 00:00:22.939 -- 00:00:26.163 It is now my pleasure to introduce Dwayne Morley. 00:00:26.163 -- 00:00:27.044 Thank you, Dwayne. 00:00:27.044 -- 00:00:28.972 You may begin. 00:00:28.972 -- 00:00:34.221 Good morning and welcome to the 2025 first quarter conference call for Genesis Energy. 00:00:34.221 -- 00:00:36.745 Genesis Energy has three business segments. 00:00:36.745 -- 00:00:40.792 The offshore pipeline transportation segment is engaged in providing the critical infrastructure 00:00:40.792 -- 00:00:44.959 to remove oil produced from long-lived world-class reservoirs from the deepwater Gulf 00:00:44.959 -- 00:00:49.887 of America to onshore refining centers. The marine transportation segment is engaged 00:00:49.887 -- 00:00:54.959 in the maritime transportation of primarily refined petroleum products and the onshore 00:00:54.959 -- 00:01:00.206 And the onshore transportation and services segment is engaged in the transportation, 00:01:00.206 -- 00:01:03.271 handling, blending, and storage 00:01:03.271 -- 00:01:07.597 and supply of energy products, including crude oil and refined products, primarily around 00:01:07.597 -- 00:01:12.804 refining centers, as well as the processing of sour gas streams to remove sulfur at refining 00:01:12.804 -- 00:01:14.326 operations...