Genesis Energy, L.P. filed its Form 10-Q for the quarterly period ended June 30, 2026 with the U.S. Securities and Exchange Commission, reporting financial results for both the three and six months ended on that date.

Key Highlights

  • Q2 2026 total revenues: $531,995 thousand, up from $377,348 thousand in Q2 2025, according to the filing.
  • Net income attributable to Genesis Energy, L.P.: $42,857 thousand for the three months ended June 30, 2026, compared to a net loss of $406 thousand in the same period of 2025.
  • Net income per common unit (basic and diluted): $0.26 for Q2 2026, versus a loss of $0.12 per unit in Q2 2025.
  • Total assets: $5,412,757 thousand as of June 30, 2026, compared to $4,860,703 thousand as of December 31, 2025.
  • Senior unsecured notes: $3,104,316 thousand net of debt issuance costs and discount as of June 30, 2026.
  • Class A Convertible Preferred Units outstanding: 9,236,530 as of June 30, 2026, down from 15,695,722 at December 31, 2025.
  • Common units outstanding: 122,174,321 Class A and 39,997 Class B as of August 6, 2026, per the filing.

Genesis Energy Reports Higher Revenue and Net Income in Second Quarter 2026

According to the 10-Q filing, Genesis Energy, L.P. (NYSE: GEL) reported total revenues of $531,995 thousand for the three months ended June 30, 2026, compared to $377,348 thousand for the same period in 2025. The filing attributes revenue across three segments: offshore pipeline transportation ($160,147 thousand), marine transportation ($80,943 thousand), and onshore transportation and services ($290,905 thousand) for Q2 2026.

The company disclosed operating income of $105,436 thousand for Q2 2026, up from $67,715 thousand in Q2 2025. Interest expense, net was reported at $66,954 thousand for the quarter. Net income from continuing operations was $56,603 thousand for Q2 2026, compared to $10,011 thousand in Q2 2025. For the six months ended June 30, 2026, the company reported net income attributable to Genesis Energy, L.P. of $49,657 thousand, versus a net loss of $469,481 thousand in the comparable prior-year period, which the filing notes included a loss from disposal of discontinued operations of $432,193 thousand.

The condensed consolidated balance sheet as of June 30, 2026 showed total assets of $5,412,757 thousand and total liabilities of $4,959,931 thousand. Cash and cash equivalents stood at $39,261 thousand, up from $6,437 thousand at December 31, 2025. The filing also reported a gain on sale of assets of $17,436 thousand in Q2 2026. Common unitholders' partners' capital reflected a deficit of $336,836 thousand as of June 30, 2026, compared to a deficit of $314,346 thousand at December 31, 2025.

What Was Disclosed

Genesis Energy, L.P. disclosed its unaudited condensed consolidated financial statements for the quarter and six months ended June 30, 2026, including statements of operations, balance sheets, and cash flows, covering revenue, income, debt, and unit-holder information.