Genesis Energy Q2 net loss narrows

Genesis Energy LP

31/07/2025 11:14

Overview

Genesis Energy LP Q2 net loss narrows to $0.4 mln from $8.7 mln yr ago

Adjusted EBITDA for Q2 at $122.9 mln, driven by offshore pipeline improvements

Co successfully commissions Shenandoah facility, anticipates production ramp-up

Outlook

Company expects full-year 2025 Adjusted EBITDA near low end of $545–$575 mln

Company plans to reduce revolver balance with free cash flow in Q3

Genesis sees Shenandoah and Salamanca as key to future growth

Result Drivers

OFFSHORE PIPELINE IMPROVEMENTS - Sequential improvement in offshore pipeline transportation segment as shut-in wells returned to service, per CEO Grant Sims

SHENANDOAH COMMISSIONING - Successful commissioning and start-up of Shenandoah production facility, with first oil delivered to SYNC pipeline

PRODUCTION DELAYS - Initial production delayed due to commissioning challenges, including persistent loop currents affecting sub-sea activities

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
$377.35 mln
Q2 Net Income
$10.01 mln
Q2 Adjusted EBITDA
$122.90 mln
Q2 Operating Income
$67.72 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 $18.00, about 7.4% above its July 30 closing price of $16.67

Press Release: ID:nBw91q3sXa

(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.)