Earnings ·
Reports Q3 net income of $2.4 million and declares $0.20 per common unit distribution
GELGenesis Energy LP
Genesis Energy, L.P. reported third-quarter 2026 net income attributable to the partnership of $2.4 million, down from $9.2 million in the prior-year period, driven by higher depreciation and general administrative expenses. Cash flows from operating activities rose to $78.4 million from $70.3 million, while Adjusted EBITDA came in at $130.5 million. The board declared a quarterly distribution of $0.20 per common unit, maintaining the current rate but representing an approximate 21% increase year-over-year. Available Cash before Reserves to common unitholders was $38.6 million, providing 1.58X coverage for the distribution. Genesis Energy operates diversified midstream energy assets including offshore and onshore pipeline transportation, marine transportation, and sulfur services primarily in the Gulf of America.