Genesis Energy $(GEL)$ reported FY 2025 net income from continuing operations of USD 30.5 million, compared with a net loss from continuing operations in FY 2024, as offshore pipeline transportation results improved and FY 2024 included a USD 43.0 million impairment charge that did not recur in FY 2025. FY 2025 net loss from discontinued operations was USD 423.7 million, reflecting a USD 432.2 million loss on the sale of the Alkali Business, which closed on Feb. 28, 2025 for a USD 1.43 billion gross purchase price and approximately USD 1.0 billion of proceeds. FY 2025 Segment Margin rose 9% to USD 577.85 million, led by offshore pipeline transportation Segment Margin of USD 385.69 million (+16%), while marine transportation Segment Margin fell 7% to USD 115.69 million and onshore transportation and services Segment Margin increased 7% to USD 76.47 million. FY 2025 cash flows from operating activities were USD 252.8 million, and Available Cash before Reserves was USD 149.12 million (-6%). FY 2025 depreciation and amortization expense increased to USD 232.07 million, and net interest expense was USD 264.73 million. Operationally, Genesis Energy completed its SYNC Pipeline and the CHOPS expansion during 2025 and began receiving contractual minimum volume commitments tied to the Shenandoah development starting in June 2025; Shenandoah achieved first oil in late July and ramped to over 90 MBbls/day in Q4 2025, while Salamanca (tied into SEKCO and Poseidon) came online at end-September and reached over 30 MBbls/day in December. Capital allocation updates included using Alkali sale proceeds to pay down the credit facility, repurchase 7,416,196 Class A Convertible Preferred Units at USD 35.40 per unit (March 6, 2025), and redeem the remaining USD 406.2 million of 8.000% senior notes due 2027 (April 3, 2025). Genesis Energy also paid a Q4 2025 common distribution of USD 0.18 per unit on Feb. 13, 2026 (+9% vs. the prior quarter) and declared a quarterly preferred distribution of USD 0.9473 per unit.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Genesis Energy LP published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001022321-26-000008), on February 18, 2026, and is solely responsible for the information contained therein.