Genesis Energy, L.p. · NYSE:GEL
Genesis Energy, L.p — Q1 2026 Earnings Presentation
10 slides from Genesis Energy, L.p's earnings presentation, May 7, 2026
Slide 1: Genesis Energy, L.P. 1Q 2026 Earnings Supplement
Genesis Energy, L.P. 1Q 2026 Earnings Supplement May 7, 2026
Slide 2: Forward-Looking Statements
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
Slide 3: Key Takeaways
Key Takeaways Offshore Outlook Remains Strong; Long-Term Thesis Progressing • Long-term outlook and value proposition for Genesis remains intact with continued line of sight to Adjusted EBITDA(a) growth and increasing amounts of free cash flow(b) and financial flexibility – Reported Adjusted EBITDA(
Slide 4: Genesis Energy, L.P. – 1Q 2026 Update
Genesis Energy, L.P. – 1Q 2026 Update Key Segment and Operational Highlights • Offshore Pipeline Transportation – Four Phase 1 Shenandoah wells on-line and producing; observed Financial Results some decline in volumes during 1Q as the result of optimizing and preserving long-term volumes 1Q 2026 ($M
Slide 5: Reconciliations
Reconciliations
Slide 6: Balance Sheet & Credit Profile
Balance Sheet & Credit Profile Leverage Ratio & Common Unit Distribution Coverage Ratio ($ in 000s) 3/31/2026 Senior secured credit facility $74,100 Senior unsecured notes, net of debt issuance costs and discount 3,102,076 Less: Outstanding inventory financing sublimit borrowings (17,900) Less: Cash
Slide 7: Reconciliation: Segment Margin
Reconciliation Segment Margin ($ in 000s) YTD 2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 Income (loss) from continuing operations before income taxes $19,257 ($36,417) $10,356 $23,029 34,343 $31,311 Net income attributable to noncontrolling interests (12,345) (8,769) (10,417) (13,569) (14,40
Slide 8: Reconciliation: Available Cash Before Reserves
Reconciliation Available Cash Before Reserves ($ in 000s) YTD 2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 Net income (loss) attributable to Genesis Energy, L.P. $6,800 ($469,075) ($406) $9,207 $19,871 ($440,403) Interest expense, net 67,978 70,038 60,754 66,407 67,530 264,729 Income tax expen
Slide 9: Reconciliation: Adjusted Debt & Adjusted Consolidated EBITDA
Reconciliation Adjusted Debt & Adjusted Consolidated EBITDA ($ in 000s) Long-term debt 3/31/2026 12/31/2025 Senior secured credit facility $74,100 $6,400 Senior unsecured notes, net of debt issuance costs, discount and premium 3,102,076 3,040,415 Less: Outstanding inventory financing sublimit borrow
Slide 10: Reconciliation: Select Items
Reconciliation Select Items ($ in 000s) 3/31/2026 3/31/2025 6/30/2025 9/30/2025 12/31/2025 2025 Applicable to all Non-GAAP Measures Differences in timing of cash receipts for certain contractual arrangements (a) ($2,094) ($8,287) ($9,071) ($7,091) $4,552 ($19,897) Unrealized losses (gains) on deriva