Genesis Energy reports Q4 profit on offshore pipeline growth

Genesis Energy LP

12/02/2026 11:11

Overview

Midstream energy firm reported Q4 net income of $19.9 mln, reversing prior yr loss

Adjusted EBITDA for Q4 was $157.8 mln, driven by offshore pipeline growth

Company increased quarterly distribution to common unitholders, repurchased $25 mln preferred units

Outlook

Genesis Energy expects 2026 Adjusted EBITDA growth of 15% to 20% over normalized 2025

Company plans no significant growth capital expenditures in 2026

Genesis Energy anticipates increased demand for inland barges in 2026

Result Drivers

OFFSHORE PIPELINE GROWTH - Strong volumes from Shenandoah and Salamanca fields boosted offshore pipeline transportation segment

MARINE TRANSPORTATION NORMALIZATION - Segment returned to normalized performance as refinery demand for heavier crude increased

ONSHORE SEGMENT GROWTH - Increased activity in Baton Rouge and Texas pipelines, and improvements in sulfur services boosted results

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
$440.76 mln
Q4 Net Income
$34.28 mln
Q4 Adjusted EBITDA
$157.80 mln
Q4 Operating Income
$89.91 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 $19.00, about 9.3% above its February 11 closing price of $17.38

The stock recently traded at 14 times the next 12-month earnings vs. a P/E of 38 three months ago

Press Release: ID:nBw9BjnDXa

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(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.)