$GEL

Genesis Energy, L.P. reported a return to profitability in Q1 2026 with a net income of $6.8 million, a significant improvement from a $469.1 million net loss in the prior year. The company achieved a bank leverage ratio of 5.38x and refinanced $750 million in senior unsecured notes, expecting to reduce annual financing costs by about $12 million. Despite a slight dip in offshore pipeline transportation performance due to turnarounds and lower Shenandoah volumes, overall Adjusted EBITDA guidance for 2026 remains on track for 15-20% growth over 2025.