Genesis Energy Q1 revenue and profit rise year over year

Genesis Energy LP

07/05/2026 11:14

Overview

US midstream energy firm's Q1 revenue and net income rose yr/yr, reversing prior loss

Q1 adjusted EBITDA increased yr/yr, though results were slightly below internal expectations

Company reduced financing costs by refinancing debt and repurchasing preferred securities

Outlook

Genesis expects 2026 Adjusted EBITDA at or near midpoint of prior guidance range

Company now expects $12 mln to $15 mln less Segment Margin from Shenandoah in 2026

Genesis expects marine transportation fleet at full capacity in Q3, supporting higher results in H2

Result Drivers

OFFSHORE PIPELINE GROWTH - Higher Segment Margin driven by new production volumes from Shenandoah and Salamanca FPUs, partially offset by scheduled turnaround and lower Shenandoah output

MARINE TRANSPORTATION PRESSURE - Lower Segment Margin due to reduced day rates in inland barge business and planned dry-dockings in offshore fleet

ONSHORE VOLUME INCREASE - Onshore transportation and services Segment Margin rose on higher pipeline volumes and increased crude oil marketing activity

Company press release: ID:nBw30FZn4a

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
$446.56 mln
Q1 Net Income Attributable To Genesis Energy
$6.8 mln
Q1 Adjusted EBITDA
$140.86 mln
Q1 Operating Income
$76.61 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

The average consensus recommendation for the oil & gas transportation services peer group is "buy"

Wall Street's median 12-month price target for Genesis Energy LP is $20.00, about 21.8% above its May 6 closing price of $16.42

The stock recently traded at 19 times the next 12-month earnings vs. a P/E of 14 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)