Genesis Energy, L.p. · NYSE:GEL
Genesis Energy, L.p — Investor Presentation (August 2026)
24 slides from Genesis Energy, L.p's investor presentation, August 2026
Slide 1: Genesis Energy, L.P. Investor Presentation
Genesis Energy, L.P. INVESTOR PRESENTATION · NYSE: GEL August 2026
Slide 2: Disclosures & Company Information
Disclosures & Company Information Forward-Looking Statements & Non-GAAP Measures 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 achiev
Slide 3: Genesis Energy, L.P. — At a Glance
Genesis Energy, L.P. — At a Glance Three Market-Leading Business Segments — $647mm LTM Segment Margin Offshore Pipeline Transportation Marine Transportation Onshore Transportation & Services $444mm 69% of LTM Segment Margin $109mm 17% of LTM Segment Margin $93mm 14% of LTM Segment Margin • #1 deepwa
Slide 4: Investment Rationale
Investment Rationale Cash Flow Profile Poised to Deliver Increasing Returns to Stakeholders Diverse, Long-Lived, Market-Leading Portfolio 1 • 3 segments with high barriers to entry: Offshore Pipeline Transportation, Marine Transportation, and Onshore Transportation & Services • Significant operating
Slide 5: Key Takeaways — 2Q 2026
Key Takeaways — 2Q 2026 Offshore Resilient; Long-Term Thesis Intact; Capital Structure Progressing $171.5mm $169.5mm $575-612mm 3.2x 5.0x Adj. EBITDA(a) Segment Margin FY26 Adj. EBITDA(a) Guidance Common Unit Distribution Coverage 2Q26 Bank Leverage Ratio 2Q 2026 2Q 2026 Expect low-end of range as o
Slide 6: Business Segment Detail
Business Segment Detail INVESTOR PRESENTATION · NYSE: GEL Offshore Pipeline Transportation · Marine Transportation · Onshore Transportation & Services
Slide 7: Offshore Pipeline Transportation — Overview
Offshore Pipeline Transportation — Overview World Class Footprint in Leading North American Basin • ~2,300 miles of pipelines and associated platforms primarily CHOPS & POSEIDON VOLUMES (KBD) · + 130% SINCE 2012 located in the Central Gulf of America • Leading independent midstream service provider
Slide 8: Track Record of Success in the Gulf of America
Track Record of Success in the Gulf of America Driven by Strategic Acquisitions and Organic Growth 2010 2014 2019 2021 2023 2025 $330mm — 50% interest $197mm — SEKCO LLOG-operated Buckskin Sold 36% minority equity BP’s Argos / Mad Dog 2 Beacon-operated in CHOPS acquired from Pipeline completed devel
Slide 9: Gulf of America – Crude Oil Production
Gulf of America – Crude Oil Production Continued Growth in the Deepwater • Deepwater GoA crude oil production is projected to increase ~91% from G U L F O F A M E R I C A C R U D E O I L P R O D U C T I O N (a) 2013 – 2027E 2,500 $125 • Growth driven by producers' ability to leverage existing infras
Slide 10: Active Federal Leases in Gulf of America
Active Federal Leases in Gulf of America Proximity to Existing Leases Creates Stability and Future Opportunity • In April 2025, Interior and BOEM announced the 11th National OCS Oil and Gas Leasing Program — the foundation for future Gulf of America lease sales • Recent sales sit near our existing f
Slide 11: Ten Years of Gulf of America Leasing
Ten Years of Gulf of America Leasing By the Numbers $2.66B 2,377 $1.12mm 41% Total high bids at sale day Blocks that won a high bid Average high bid per block Four core central deepwater areas 15 sales, Mar 2016 – Mar 2026 one high bid per block across the decade as a share of total blocks won $500
Slide 12: Central Gulf of America Overview
Central Gulf of America Overview Robust Inventory of Future Growth Ram Powell Petronius Stonefly Delta House Nearly Headless Nick Selected Recent Developments / FIDs Field Producer First Oil Lobster Monument Beacon 4Q ‘26 / Early ‘27 Spruance Katmai / Bullwinkle Katmai West • Caicos Shenandoah Phase
Slide 13: Case Study: Poseidon Oil Pipeline
Case Study: Poseidon Oil Pipeline Irreplaceable Crude Oil Pipeline in the Central Gulf of America • Basin-critical pipeline transporting Central GoA production to key markets in STEADY VOLUMES THROUGH COMMODITY CYCLES (KBD) Louisiana 400 140 350 120 – Integrated onshore with Genesis' Raceland, LA te
Slide 14: Marine Transportation — Overview
Marine Transportation — Overview Structural Industry Tailwinds Driving Momentum • Modern, efficient fleet well positioned to benefit from steady demand and Inland Fleet Offshore Fleet American Phoenix continued net retirements of Jones Act equipment Capacity 30-38 kbbl 65-135 kbbl 330 kbbl – Demand
Slide 15: Onshore Transportation & Services — Overview
Onshore Transportation & Services — Overview Integrated Asset Footprint with Exposure to Significant Refinery Demand Baton Rouge Complex Texas City Terminal • Integral part of ExxonMobil's Baton Rouge • Connection to Genesis owned and operated refinery logistics and crude & intermediate CHOPS pipeli
Slide 16: Sulfur Services — Facilitating Lower Emissions
Sulfur Services — Facilitating Lower Emissions Market Leader of NaHS Production Helping Reduce Host Refinery Emissions What We Do BUSINESS OVERVIEW • Leading producer of sodium hydrosulfide (“NaHS”) via 11 “sour gas processing” units inside the refinery fence High H2S – Proprietary process reacts hi
Slide 17: Appendix & Reconciliations
Appendix & Reconciliations INVESTOR PRESENTATION · NYSE: GEL Balance sheet detail, sustainability and non-GAAP reconciliations
Slide 18: Balance Sheet Information
Balance Sheet Information Debt and Preferred Equity Profile $900mm 2029 5.0x ~4.0x ~$311mm Senior Secured Credit Facility Nearest Unsecured Maturity 2Q26 Bank Leverage Ratio Target Bank Leverage Ratio Series A Preferred Balance Maturity: March 2031 No near-term re-financing risk Path to de-leveragin
Slide 19: Sustainability at Genesis
Sustainability at Genesis Supporting Business Priorities & Our Investors Through Sustainability • Committed to operating our business in a responsible and sustainable manner MSCI RATINGS HISTORY • Received “A” rating from MSCI in March 2026 AAA • Released 2024 Sustainability Report on October 30, 20
Slide 20: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ($ in 000s) 6/30/2026 Senior secured credit facility - Senior unsecured notes, net of debt issuance costs and discount 3,104,316 Less: Outstanding inventory financing sublimit borrowings (17,100) Less: Cash and c
Slide 21: Reconciliations: Segment Margin
Reconciliations Segment Margin YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Income (loss) from continuing operations before income taxes 56,812 19,257 76,069 (36,417) 10,356 23,029 34,343 31,311 Net income attributable to noncontrolling interests (13,746) (1
Slide 22: Reconciliations: Available Cash Before Reserves
Reconciliations Available Cash Before Reserves YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Net Income (Loss) Attributable to Genesis Energy, L.P. 42,857 6,800 49,657 (469,075) (406) 9,207 19,871 (440,403) Interest expense, net 66,954 67,978 134,932 70,038 6
Slide 23: Reconciliations: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliations Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) 6/30/2026 3/31/2026 12/31/2025 Senior secured credit facility - 74,100 6,400 Senior unsecured notes, net of debt issuance costs and discount 3,104,316 3,102,076 3,040,415 Less: Outstanding inventory financing sublimit borrowing
Slide 24: Reconciliations: Select Items
Reconciliations Select Items YTD ($ in 000s) 6/30/2026 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 2026 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) (6,321) (2,094) (8,415) (8,287) (9,071) (7,091) 4,552 (19,897) Certa