Genesis Energy Q2 revenue rises
Genesis Energy Q2 revenue rises
Overview
U.S. midstream energy partnership's Q2 revenue rose sharply yr/yr, swinging to net profit
Adjusted EBITDA for Q2 increased, driven by offshore pipeline transportation segment margin growth
Outlook
Genesis expects 2026 Adjusted EBITDA at the lower end of its previously discussed range
Company sees potential upside to 2026 results if hurricane season is calmer than budgeted
Genesis anticipates offshore volumes to grow meaningfully over the coming years
Result Drivers
OFFSHORE PIPELINE TRANSPORTATION - Segment margin increased due to new production volumes from Shenandoah and Salamanca fields
MARINE TRANSPORTATION - Segment margin decreased due to planned dry-docking days and slightly lower inland barge day rates
ONSHORE TRANSPORTATION & SERVICES - Segment margin increased due to higher volumes on crude oil pipeline systems and non-recurring margin opportunities
Company press release: ID:nBw9DcRMXa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue |
| $532 mln |
|
Q2 EPS |
| $0.26 |
|
Q2 Adjusted EBITDA |
| $171.50 mln |
|
Q2 Operating Income |
| $105.44 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 34.6% above its August 5 closing price of $14.86
The stock recently traded at 85 times the next 12-month earnings vs. a P/E of 20 three months ago
Reuters Recommended Reads
Aug 5 - Western Midstream Q2 Adjusted EBITDA rises 19%, lifts 2026 outlook
Aug 3 - Hess Midstream's Q2 adjusted EBITDA beats on lower operating costs
Aug 3 - Williams to buy Momentum for $5.5 billion, misses quarterly estimates
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.)