Genesis Energy, L.P. (GEL) Q2 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.000 Greetings and welcome to the Genesis Energy LP Second Quarter 2025 Earnings Conference 00:00:05.000 -- 00:00:08.866 Call. At this time, all participants are in a listen-only mode. 00:00:08.866 -- 00:00:11.811 A question and answer session will follow the formal presentation. 00:00:11.811 -- 00:00:15.498 If anyone should require operator assistance, please press star zero on your telephone 00:00:15.498 -- 00:00:19.484 keypad. As a reminder, this conference is being recorded. 00:00:19.484 -- 00:00:24.850 It is now my pleasure to introduce Duane Morley, Vice President of IR. 00:00:26.727 -- 00:00:31.693 Good morning and welcome to the 2025 second quarter conference call for Genesis Energy. 00:00:31.693 -- 00:00:34.356 Genesis Energy has three business segments. 00:00:34.356 -- 00:00:38.502 The offshore pipeline transportation segment is engaged in providing the critical infrastructure 00:00:38.502 -- 00:00:43.007 to move oil produced from the long-lived world-class reservoirs from the deepwater Gulf 00:00:43.007 -- 00:00:47.753 of America to onshore refining centers. The marine transportation segment is engaged 00:00:47.753 -- 00:00:51.958 in the maritime transportation of primarily refined petroleum products. 00:00:51.958 -- 00:00:57.563 The onshore transportation and services segment is engaged in the transportation handling, 00:00:57.563 -- 00:01:02.830 blending, storage, and supply of energy products, including crude oil and refined products 00:01:02.830 -- 00:01:07.896 primarily around refining centers, as well as the processing of sour gas streams to remove 00:01:07.896 -- 00:01:10.660 sulfur at refining operations. 00:01:10.660 -- 00:01:17.048 Genesis's operations are primarily located in the Gulf Coast states and the Gulf of A...