When it comes to the midstream industry, it could be said that Genesis Energy (NYSE: GEL ) is one of the more disappointing players with their stock price still well below its pre-Covid-19 levels. Not to mention their quarterlyI am no longer active, as I am taking a hiatus from finance to pursue business ventures in other sectors. I hope that my analysis was helpful to investors across the years, thank you.Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companie ...

Genesis Energy, L.P. 3Q 2024 Earnings Supplement October 31, 2024 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, other than statements of historical facts, included in this press release that address activities, events or developments that we expect, believ ...

Genesis Energy, L.P. (NYSE:GEL) Q3 2024 Earnings Conference Call October 31, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chief Executive Officer Kristen Jesulaitis - Chief Financial Officer and CLO Ryan Sims - President and CCO Louie Nicol - Chief Accounting Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Elvira Scotto - RBC Capital Markets Operator Greetings and welcome to the Genesis Energy L.P. Third Quarter ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12295 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|---------------------------------- ...

Financial Performance - Net Loss Attributable to Genesis Energy, L.P. of $17.2 million for Q3 2024 compared to Net Income of $58.1 million for Q3 2023[1] - Net Loss Attributable to Genesis Energy, L.P. was $17.2 million in the 2024 Quarter compared to Net Income of $58.1 million in the 2023 Quarter[28] - Net income (loss) attributable to Genesis Energy, L.P. was $(17.2) million for Q3 2024, compared to $58.1 million in Q3 2023[39] - Adjusted EBITDA for Q3 2024 was $136.7 million, down from $190.6 million in Q3 2023[41] - Segment Margin for Q3 2024 was $151.1 million, compared to $207.9 million in Q3 2023[39] Cash Flow and Liquidity - Cash Flows from Operating Activities of $87.3 million for Q3 2024 compared to $141.0 million for Q3 2023[2] - Available Cash before Reserves to common unitholders of $24.5 million for Q3 2024, providing 1.21X coverage for the quarterly distribution of $0.165 per common unit[3] - Available Cash before Reserves for Q3 2024 was $24.5 million, significantly lower than $89.0 million in Q3 2023[41] - Cash flows from operating activities for Q3 2024 were $87.3 million, down from $141.0 million in Q3 2023[45] Segment Performance - Offshore pipeline transportation Segment Margin decreased by $37.1 million (34%) in Q3 2024 compared to Q3 2023 due to economic step-downs, producer underperformance, and increased operating costs[24] - Soda and sulfur services Segment Margin decreased by $23.8 million (38%) in the 2024 Quarter due to lower export pricing and sales volumes in the Alkali Business, partially offset by higher soda ash sales volumes[25] - Marine transportation Segment Margin increased by $3.9 million (15%) in the 2024 Quarter due to higher day rates in inland and offshore businesses[26] - Onshore facilities and transportation Segment Margin increased by $0.2 million (2%) in the 2024 Quarter due to higher rail unload volumes at the Scenic Station facility[27] Soda Ash Business - Soda ash business missed more than 300,000 tons from the original forecasted total sales volumes for 2024 due to operational challenges at the Westvaco facility[8] - Global soda ash market faces challenges with increased export availability from China, leading to lower prices in Q4 2024[17] - Soda Ash volumes sold increased to 995,856 short tons in the 2024 Quarter from 867,319 short tons in the 2023 Quarter[35] Offshore and Marine Operations - Offshore construction projects remain on schedule, with Shenandoah and Salamanca developments expected to begin in Q2 2025, adding nearly 200,000 barrels of oil per day of incremental production handling capacity[15] - Marine transportation segment operates with utilization rates at or near 100% of available capacity, with day rates expected to increase further[21] - Offshore crude oil pipelines total volumes decreased to 624,551 barrels/day in the 2024 Quarter from 681,725 barrels/day in the 2023 Quarter[35] - Offshore Fleet Utilization Percentage decreased to 97.4% in the 2024 Quarter from 98.5% in the 2023 Quarter[35] Onshore Operations - Onshore crude oil pipelines total volumes decreased to 124,470 barrels/day in the 2024 Quarter from 138,364 barrels/day in the 2023 Quarter[35] - Crude oil and petroleum products sales decreased to 18,978 barrels/day in the 2024 Quarter from 23,703 barrels/day in the 2023 Quarter[35] Financial Position and Debt - Adjusted Consolidated EBITDA of $741.7 million for the trailing twelve months ended September 30, 2024, with a bank leverage ratio of 4.84X[4] - Adjusted Debt-to-Adjusted Consolidated EBITDA ratio stood at 4.84X as of September 30, 2024[47] - Senior unsecured notes increased to $3,419.0 million as of September 30, 2024, up from $3,063.0 million at the end of 2023[37] - Total current liabilities decreased to $897.0 million as of September 30, 2024, from $967.4 million at the end of 2023[37] Capital Expenditures - Maintenance capital expenditures for Q3 2024 were $55.0 million, up from $33.6 million in Q3 2023[43] - Maintenance capital expenditures are categorized as discretionary or non-discretionary, with non-discretionary expenditures being necessary for safe and reliable operations[54][55] - The company introduced a maintenance capital utilized measure in 2014 to better reflect non-discretionary maintenance capital expenditures[59] Non-GAAP Measures - The company uses non-GAAP measures such as Adjusted EBITDA and Available Cash before Reserves to assess financial performance, with reconciliations provided to GAAP measures[49] - Available Cash before Reserves is defined as Adjusted EBITDA adjusted for maintenance capital utilized, interest expense, cash tax expense, and cash distributions to Class A convertible preferred unitholders[51] - Adjusted EBITDA is used to evaluate financial performance without regard to financing methods, capital structures, or historical cost basis[61] - The reconciliation of Net income to Adjusted EBITDA includes Select Items such as unrealized losses on derivative transactions and adjustments for equity investees[62] - Segment Margin is defined as revenues less product costs, operating expenses, and segment general and administrative expenses, adjusted for Select Items[64] Future Outlook - Genesis Energy expects Adjusted EBITDA growth starting in 2025, with minimal future growth capital expenditures and no near-term unsecured debt maturities[10]

Genesis Energy, L.P. (NYSE:GEL) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chief Executive Officer Kristen Jesulaitis - Chief Financial Officer and CLO Ryan Sims - President and CCO Louie Nicol - Chief Accounting Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Operator Greetings and welcome to the Genesis Energy L.P. Second Quarter 2024 Earnings Conference Call. At th ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission file number 1-12295 | --- | --- | --- | --- | |-------------------------------------------------------------------------------------|--------------------------------------- ...

FOR IMMEDIATE RELEASE August 1, 2024 Genesis Energy, L.P. Reports Second Quarter 2024 Results, Announces a Distribution Increase Attributable to the Third Quarter 2024, And Discusses Future Capital Allocation Priorities HOUSTON – (BUSINESS WIRE) – Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2024: • Net Loss Attributable to Genesis Energy, L.P. of $8.7 million for the second quarter of 2024 compared to Net ...

Source: Shutterstock Arguably the most surprising undervalued growth stock to buy is iShares S&P Growth ETF (NYSE:IVW), an exchange-traded fund (ETF) that tracks large U.S. companies whose earnings are expected to grow at an aboveaverage rate relative to the market. Basically, it is an ETF growth stock tracking growth stocks. Their growth also doesn't mean they are anywhere near full valuation. A growth stock's expansion may be outpacing the multiple the market is assigning. That's the type of undervalued g ...

Genesis Energy, L.P. Class A Common Units (NYSE:GEL) Q1 2024 Earnings Conference Call May 2, 2024 10:00 AM ET Company Participants Conference Call Participants Operator I would now like to turn the conference over to your host, Dwayne Morley, Vice President of Investor Relations. Please go ahead. Good morning. Welcome to the 2024 first quarter conference call for Genesis Energy Genesis Energy has four business segments. The Offshore Pipeline Transportation segment is engaged in providing the critical infras ...