Genesis Energy 1Q 2026 Earnings Supplement

The provided documents detail the first quarter 2026 financial and operational performance of Genesis Energy, L.P., a Houston-based midstream energy partnership. The company reported net income of $6.8 million and Adjusted EBITDA of $140.9 million, driven largely by a 40% year-over-year margin increase in its offshore pipeline segment. Management highlighted significant progress in deepwater projects like Shenandoah and Salamanca, despite facing temporary challenges from scheduled producer maintenance and heavy marine dry-docking. Financially, the firm focused on strengthening its balance sheet by refinancing unsecured notes and repurchasing high-cost preferred securities to lower its overall cost of capital. Moving forward, the partnership aims to reach a long-term leverage ratio of 4.0x while maintaining consistent distributions for its common unitholders. These records offer a comprehensive look at the company’s strategic efforts to optimize assets and improve financial flexibility amid dynamic market conditions.