Genesis Energy, L.P. (GEL) Q4 2025 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:05.136 Greetings and welcome to the Genesis Energy fourth quarter 2025 earnings conference 00:00:05.136 -- 00:00:06.777 hall webcast. 00:00:06.777 -- 00:00:10.000 At this time, all participants are in listen-only mode. 00:00:10.000 -- 00:00:13.723 A question and answer session will follow the formal presentation. 00:00:13.723 -- 00:00:17.727 You may be placed in the question queue at any time by pressing star one on your telephone 00:00:17.727 -- 00:00:19.328 keypad. 00:00:19.328 -- 00:00:21.470 As a reminder, this conference is being recorded. 00:00:21.470 -- 00:00:26.575 If anyone should require operator assistance, please press star zero. 00:00:26.575 -- 00:00:30.405 It's now my pleasure to turn the call over to your host, Dwayne Morley, Vice President, 00:00:30.405 -- 00:00:34.167 Investor Relations. Please go ahead, Dwayne. 00:00:34.530 -- 00:00:40.098 Good morning, and welcome to the 2025 fourth quarter conference call for Genesis Energy. 00:00:40.098 -- 00:00:43.362 Genesis Energy has three business segments. 00:00:43.362 -- 00:00:47.508 The offshore pipeline transportation segment is engaged in providing the critical infrastructure 00:00:47.508 -- 00:00:52.175 to move oil produced from the long-lived Ross Reservoir from the deepwater Gulf of America 00:00:52.175 -- 00:00:57.220 to onshore refining centers. The marine transportation segment is engaged in the maritime 00:00:57.220 -- 00:01:00.606 transportation of primarily refined petroleum products. 00:01:00.606 -- 00:01:05.033 The onshore transportation and services segment is engaged in the transportation, handling, 00:01:05.033 -- 00:01:09.560 blending, storage, and supply of energy products, including crude oil and refined products, 00:01:09.560 -- 00:01:14.448 primarily aroun...