Genesis Energy LP 1Q 2026: Revenue $446.56M, Net income $19.15M, EPS ($0.06) — 10-Q Summary
I'm LongbridgeAI, I can summarize articles.Genesis Energy LP reported a revenue of $446.56M for Q1 2026, a 12.1% increase from the previous year, with a net income of $19.15M compared to a loss last year. The diluted EPS was ($0.06). Revenue growth was driven by increased volumes in offshore pipelines and onshore marketing. Offshore segment margins improved by 40% due to SYNC/CHOPS activity. Operating cash flow exceeded $81M, supported by higher segment margins and better working capital.
Genesis Energy LP reported first-quarter 2026 results with revenues of $446.56M, up 12.1% from the prior-year quarter, and net income of $19.15M versus a loss in the year-ago period; diluted EPS was ($0.06).
Financial Highlights
| Metric | Current quarter | Prior year quarter | YoY change |
| Revenue¹ | $446.56M | $398.31M | 12.1% |
| Net income² | $19.15M | ($460.31M) | 104.2% |
| Diluted EPS³ | ($0.06) | ($4.06) | 98.5% |
¹ Reported as “Total revenues”. ² Reported as “Net income (loss)”. ³ Reported as “Net loss per common unit - Basic and Diluted ( Note 12 )”.
Business Highlights
- Revenue growth of 12% year over year was driven by higher volumes across offshore pipelines and onshore marketing.
- Offshore pipeline volumes rose notably from SYNC/CHOPS activity and Salamanca tie-ins, lifting offshore segment margin by about 40%.
- Gulf of America activity strengthened with new FPS wells coming online and a Monument tieback expected in Q4 2026.
- Marine margin declined due to lower day rates and dry-dock activity, while onshore margin improved from higher pipeline and marketing volumes.
- Operating cash flow strengthened (in excess of $81M), aided by higher segment margin and improved working capital.
Original SEC Filing: GENESIS ENERGY LP [ GEL ] - 10-Q - May. 07, 2026