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GEL on NYSE

GENESIS ENERGY LP

In its 2026 annual report the company says: “We are a growth-oriented master limited partnership formed in Delaware in 1996 focused on the midstream segment of the crude oil and natural gas industry. Our common units are traded on the New York Stock Exchange, under the ticker symbol “GEL. Our operations are primarily located in the Gulf of America and in the Gulf Coast region of the United States.”6

Price unavailable

Last updated Oct 21, 2026.

Overview

$1.6BRevenue, fiscal 20253
-$440.4MNet income, fiscal 20253

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  • TickerGEL on NYSE2
  • IndustryPipe Lines (No Natural Gas)2
  • HeadquartersHouston, United States2
  • Incorporated inDE4
  • Business address811 Louisiana St, Suite 1200, Houston, Tx 770024
  • Filer categoryLarge accelerated filer4
  • Legal formLimited Partnership2
  • Kind of organizationLimited partnership2
  • LEI549300VJ5D6MDK1387822
  • StatusActive2
  • LEI statusIssued and current2
  • Registered addressC/O The Corporation Trust Company, 19801 Wilmington, United States2
  • Registered withDivision of Corporations, Department of State, 26601642

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We are a growth-oriented master limited partnership (“MLP”) formed in Delaware in 1996 focused on the midstream segment of the crude oil and natural gas industry. Our common units are traded on the New York Stock Exchange (“NYSE”), under the ticker symbol “GEL.” We provide an integrated suite of services (including transportation, storage, sulfur removal, blending, terminaling and processing) to crude oil and natural gas producers, refiners, and industrial and commercial enterprises. Our operations are primarily located in the Gulf of America and in the Gulf Coast region of the United States. We have a diverse portfolio of assets, including pipelines, offshore hub and junction platforms, refinery-related plants, storage tanks, terminals, railcars, rail unloading facilities, barges and other vessels, and trucks. Prior to February 28, 2025, our business also included the trona and trona-ba…6 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

15.8%Operating margin3
-27.0%Net margin3
-1.8%Revenue growth, 20253

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs100¢$1.6B
  • Income tax0¢$806.0K

Out of $1.6B in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2025

  • Kept or used elsewhere100¢$252.8M

Out of $252.8M of cash from operations.3

Financial statements

Revenue78910113$1.6B in 2025−44% since 2018
0$1.0B$2.0B$3.0B2018: $2.9B$2.9B20182019: $2.5B$2.5B2019−15%2020: $1.8B$1.8B2020−26%2021: $2.1B$2.1B2021+16%2022: $2.8B$2.8B2022+31%2023: $1.7B$1.7B2023−38%2024: $1.7B$1.7B2024−4%2025: $1.6B$1.6B2025−2%
Operating income78910113$258.2M in 2025+52% since 2018
-$400.0M-$200.0M0$200.0M$400.0M2018: $170.2M$170.2M20182019: $272.7M$272.7M2019+60%2020: -$246.0M-$246.0M20202021: $75.7M$75.7M20212022: $315.0M$315.0M2022+316%2023: $205.1M$205.1M2023−35%2024: $170.0M$170.0M2024−17%2025: $258.2M$258.2M2025+52%
Net income78910113-$440.4M in 2025+7149% since 2018
-$600.0M-$400.0M-$200.0M0$200.0M2018: -$6.1M-$6.1M20182019: $96.0M$96.0M20192020: -$416.7M-$416.7M20202021: -$165.1M-$165.1M2021−60%2022: $75.5M$75.5M20222023: $117.7M$117.7M2023+56%2024: -$63.9M-$63.9M20242025: -$440.4M-$440.4M2025+589%
Fiscal year20182019202020212022202320242025
Revenue$2.9B7$2.5B8$1.8B9$2.1B10$2.8B11$1.7B3$1.7B3$1.6B3
Operating expenses$2.0B10$2.5B11$1.5B3$1.5B3$1.4B3
Operating income$170.2M7$272.7M8-$246.0M9$75.7M10$315.0M11$205.1M3$170.0M3$258.2M3
Income before tax$47.6M3-$49.0M3$31.3M3
Income tax$1.5M7$655.0K8$1.3M9$1.7M10$3.2M11$456.0K3$1.8M3$806.0K3
Net income-$6.1M7$96.0M8-$416.7M9-$165.1M10$75.5M11$117.7M3-$63.9M3-$440.4M3
Earnings per share$0.188-$4.019-$1.9610-$0.0411$0.223-$1.243-$4.193
Earnings per share (diluted)$0.188-$4.019-$1.9610-$0.0411$0.223-$1.243-$4.193
Shares (weighted, basic)122.6M shares10122.6M shares11122.5M shares3122.5M shares3122.5M shares3
Shares (weighted, diluted)122.6M shares10122.6M shares11122.5M shares3122.5M shares3122.5M shares3

Compare GENESIS ENERGY LP with another company

Corporate structure

GENESIS ENERGY LP sits at the top of its group. 66 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of GENESIS ENERGY LP

  • ALPS ADVISORS INC Filed SCHEDULE 13G/A on GENESIS ENERGY LP, latest Oct 7, 2026 (12 filings since Feb 3, 2022)
  • Global X Management CO LLC Filed SCHEDULE 13G/A on GENESIS ENERGY LP, latest Aug 14, 2026 (4 filings since Feb 14, 2023)
  • James E. Davison Jr. Filed SCHEDULE 13D/A on GENESIS ENERGY LP, latest May 22, 2026
  • Blackstone Holdings II L.P. Filed SCHEDULE 13D/A on GENESIS ENERGY LP, latest Feb 5, 2026 (3 filings since Aug 26, 2024)
  • Invesco Filed SCHEDULE 13G/A on GENESIS ENERGY LP, latest May 9, 2025 (4 filings since Feb 10, 2022)
  • KKR Group Partnership L.P. Filed SCHEDULE 13D/A on GENESIS ENERGY LP, latest Mar 10, 2025
  • JPMorgan Chase Filed SC 13G/A on GENESIS ENERGY LP, latest Apr 9, 2024 (4 filings since Feb 3, 2022)
  • FMR LLC Filed SC 13G/A on GENESIS ENERGY LP, latest Sep 11, 2023 (4 filings since Dec 10, 2021)
  • GENESIS ENERGY LP Houston, Texas, United States
    • AP MARINE, LLC Subsidiary · Delaware, United States
    • BR PORT SERVICES, LLC Subsidiary · Delaware, United States
    • CAMERON HIGHWAY PIPELINE GP, L.L.C. Subsidiary · Delaware, United States
    • CAMERON HIGHWAY PIPELINE I, L.P. Subsidiary · Delaware, United States
    • CASPER EXPRESS PIPELINE, LLC Subsidiary · Delaware, United States
    • DAVISON PETROLEUM SUPPLY, LLC Subsidiary · Houston, Texas, United States
    • DAVISON TRANSPORTATION SERVICES, INC. Subsidiary · Delaware, United States
    • DEEPWATER GATEWAY, L.L.C. Subsidiary · Delaware, United States
    • FLEXTREND DEVELOPMENT COMPANY, L.L.C. Subsidiary · Delaware, United States
    • GEL CHOPS GP, LLC Subsidiary · Delaware, United States
    • GEL CHOPS I, L.P. Subsidiary · Delaware, United States
    • GEL CHOPS II, L.P. Subsidiary · Delaware, United States
    • GEL DEEPWATER, LLC Subsidiary · Delaware, United States
    • GEL IHUB, LLC Subsidiary · Delaware, United States
    • GEL LOUISIANA FUELS, LLC Subsidiary · Delaware, United States
    • GEL ODYSSEY, LLC Subsidiary · Delaware, United States
    • GEL OFFSHORE PIPELINE, LLC Subsidiary · Delaware, United States
    • GEL OFFSHORE, LLC Subsidiary · Delaware, United States
    • GEL PALOMA, LLC Subsidiary · Delaware, United States
    • GEL PIPELINE OFFSHORE, LLC Subsidiary · Delaware, United States
    • GEL POSEIDON, LLC Subsidiary · Delaware, United States
    • GEL SEKCO, LLC Subsidiary · Delaware, United States
    • GEL SYNC LLC Subsidiary · Delaware, United States
    • GEL TEX MARKETING, LLC Subsidiary · Delaware, United States
    • GEL TEXAS PIPELINE, LLC Subsidiary · Delaware, United States
    • and 40 more

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What GENESIS ENERGY LP reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$5.4B3 Dec 31, 2025$5.3B3 Dec 31, 2024+1.8%
Accumulated depreciation$1.9B3 Dec 31, 2025$1.7B3 Dec 31, 2024+9.6%
Property and equipment, net$3.5B3 Dec 31, 2025$3.5B3 Dec 31, 2024−2.1%
Operating-lease assets (leased space)$57.7M3 Dec 31, 2025$65.7M3 Dec 31, 2024−12.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$6.4M3 Dec 31, 2025$7.4M3 Dec 31, 2024−12.4%
Stakes in other companies (equity method)$218.6M3 Dec 31, 2025$240.4M3 Dec 31, 2024−9.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$302.0M3 Dec 31, 2025$302.0M3 Dec 31, 20240%
Intangible assets, net (excluding goodwill)$75.6M3 Dec 31, 2025$85.3M3 Dec 31, 2024−11.4%
Finite-lived intangibles, gross$181.3M3 Dec 31, 2025$180.7M3 Dec 31, 2024+0.3%
Accumulated amortization$105.7M3 Dec 31, 2025$95.4M3 Dec 31, 2024+10.7%
Finite-lived intangibles, net$75.6M3 Dec 31, 2025$85.3M3 Dec 31, 2024−11.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$55.4M3 Dec 31, 2025$37.8M3 Dec 31, 2024+46.5%
Raw materials$7.3M11 Dec 31, 2024$8.4M11 Dec 31, 2023−13.1%
Work in process$4.7M11 Dec 31, 2024$11.4M11 Dec 31, 2023−58.5%
Finished goods$39.5M11 Dec 31, 2024$48.7M11 Dec 31, 2023−18.9%
Supplies$20.6M11 Dec 31, 2024$17.7M11 Dec 31, 2023+16.7%

Properties, in its own words

We have various operating leases for rental of office space, facilities and field equipment and transportation equipment. See Management’s Discussion and Analysis of Financial Condition and Results of Operations, and Note 5 to our Consolidated Financial Statements in Item 8 for details on our right of use assets and related lease liabilities. Such information is incorporated herein by reference.

Item 2 of the 10-K filed Feb 18, 2026.6

Leadership

Who has led GENESIS ENERGY LP, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Mark J. Gorman2006
  2. Grant E. Sims2006–now

President

  1. Mark J. Gorman2006
  2. Joseph A. Blount Jr.2006
  3. Steven R. Nathanson2010–2014
  4. Edward T. Flynn2017–2023
  5. Ryan S. Sims2023–now

Chief financial officer

  1. Ross A. Benavides2006–2008
  2. Robert Deere V.2008–2017
  3. Kristen O. Jesulaitis2026–now

Chief operating officer

  1. Joseph A. Blount Jr.2006
  2. Steven R. Nathanson2011–2014
2010201520202025
Board members and other officers (36)

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • AP MARINE, LLC DELAWARE5
  • BR PORT SERVICES, LLC DELAWARE5
  • CAMERON HIGHWAY PIPELINE GP, L.L.C. DELAWARE5
  • CAMERON HIGHWAY PIPELINE I, L.P. DELAWARE5
  • CASPER EXPRESS PIPELINE, LLC DELAWARE5
  • DAVISON PETROLEUM SUPPLY, LLC DELAWARE5
  • DAVISON TRANSPORTATION SERVICES, INC. DELAWARE5
  • DAVISON TRANSPORTATION SERVICES, LLC DELAWARE5
  • DEEPWATER GATEWAY, L.L.C. DELAWARE5
  • FLEXTREND DEVELOPMENT COMPANY, L.L.C. DELAWARE5
  • GEL CHOPS GP, LLC DELAWARE5
  • GEL CHOPS I, L.P. DELAWARE5
  • GEL CHOPS II, L.P. DELAWARE5
  • GEL DEEPWATER, LLC DELAWARE5
  • GEL IHUB, LLC DELAWARE5
  • GEL LOUISIANA FUELS, LLC DELAWARE5
  • GEL ODYSSEY, LLC DELAWARE5
  • GEL OFFSHORE PIPELINE, LLC DELAWARE5
  • GEL OFFSHORE, LLC DELAWARE5
  • GEL PALOMA, LLC DELAWARE5
  • GEL PIPELINE OFFSHORE, LLC DELAWARE5
  • GEL POSEIDON, LLC DELAWARE5
  • GEL SEKCO, LLC DELAWARE5
  • GEL SYNC LLC DELAWARE5
All 67 listed subsidiaries
  • GEL TEX MARKETING, LLC DELAWARE5
  • GEL TEXAS PIPELINE, LLC DELAWARE5
  • GEL WYOMING, LLC DELAWARE5
  • GENESIS ALKALI HOLDINGS COMPANY, LLC DELAWARE5
  • GENESIS BR, LLC DELAWARE5
  • GENESIS CHOPS I, LLC DELAWARE5
  • GENESIS CHOPS II, LLC DELAWARE5
  • GENESIS CRUDE OIL, L.P. DELAWARE5
  • GENESIS DAVISON, LLC DELAWARE5
  • GENESIS DEEPWATER HOLDINGS, LLC DELAWARE5
  • GENESIS ENERGY FINANCE CORPORATION DELAWARE5
  • GENESIS ENERGY, LLC DELAWARE5
  • GENESIS GTM OFFSHORE OPERATING COMPANY, LLC DELAWARE5
  • GENESIS IHUB HOLDINGS, LLC DELAWARE5
  • GENESIS MARINE, LLC DELAWARE5
  • GENESIS ODYSSEY, LLC DELAWARE5
  • GENESIS OFFSHORE HOLDINGS, LLC DELAWARE5
  • GENESIS OFFSHORE, LLC DELAWARE5
  • GENESIS PIPELINE ALABAMA, LLC ALABAMA5
  • GENESIS PIPELINE TEXAS, L.P. DELAWARE5
  • GENESIS PIPELINE USA, L.P. DELAWARE5
  • GENESIS POSEIDON HOLDINGS, LLC DELAWARE5
  • GENESIS POSEIDON, LLC DELAWARE5
  • GENESIS RAIL SERVICES, LLC DELAWARE5
  • GENESIS SAILFISH HOLDINGS, LLC DELAWARE5
  • GENESIS SEKCO, LLC DELAWARE5
  • GENESIS SMR HOLDINGS, LLC DELAWARE5
  • GENESIS SYNGAS INVESTMENTS, L.P. DELAWARE5
  • GENESIS TEXAS CITY TERMINAL, LLC DELAWARE5
  • HIGH ISLAND OFFSHORE SYSTEM, L.L.C. DELAWARE5
  • MANTA RAY GATHERING COMPANY, L.L.C. TEXAS5
  • MATAGORDA OFFSHORE, LLC TEXAS5
  • MILAM SERVICES, INC. DELAWARE5
  • POSEIDON PIPELINE COMPANY, L.L.C. DELAWARE5
  • RED RIVER TERMINALS, L.L.C. LOUISIANA5
  • SAILFISH PIPELINE COMPANY, L.L.C. DELAWARE5
  • SEAHAWK SHORELINE SYSTEM, LLC TEXAS5
  • SOUTHEAST KEATHLEY CANYON PIPELINE COMPANY, LLC DELAWARE5
  • SYNC PIPELINE LLC DELAWARE5
  • TDC SERVICES, LLC DELAWARE5
  • TDC, L.L.C. LOUISIANA5
  • TEXAS CITY CRUDE OIL TERMINAL, LLC DELAWARE5
  • THUNDER BASIN HOLDINGS, LLC DELAWARE5

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Timeline

  1. Aug 6, 20268-K Results of operations61
  2. Jun 26, 20268-K Executive or director change62
  3. May 7, 20268-K Results of operations63
  4. Mar 9, 20268-K Entered a material agreement; Ended a material agreement; New debt or obligation64
  5. Mar 4, 20268-K Entered a material agreement; Other events65
  6. Feb 24, 20268-K Entered a material agreement; Regulation FD disclosure66
  7. Feb 12, 20268-K Results of operations67
  8. Oct 30, 20258-K Results of operations68
  9. Jul 31, 20258-K Results of operations69
  10. May 8, 20258-K Results of operations70
  11. Mar 5, 20258-K Entered a material agreement; Completed an acquisition or sale; Executive or director change71
  12. Feb 13, 20258-K Results of operations72
  13. Aug 10, 2006New chief executive Grant E. Sims becomes CEO19
  14. Jan 3, 2006New chief executive Mark J. Gorman becomes CEO18
  15. Sep 5, 1996Founded GENESIS ENERGY LP is founded2

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/202673

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results61
  2. May 7, 2026Reported quarterly or annual results63
  3. Feb 12, 2026Reported quarterly or annual results67
  4. Oct 30, 2025Reported quarterly or annual results68
  5. Jul 31, 2025Reported quarterly or annual results69
  6. May 8, 2025Reported quarterly or annual results70
  7. Feb 13, 2025Reported quarterly or annual results72
  8. Oct 31, 2024Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

281 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 43 major events, 164 insider forms, 33 large holders, 21 other. The latest 20:

  1. Oct 13, 20264/A EDGAR
  2. Oct 7, 2026SCHEDULE 13G/A EDGAR
  3. Oct 2, 20264 EDGAR
  4. Oct 2, 20264 EDGAR
  5. Oct 2, 20264 EDGAR
  6. Oct 2, 20264 EDGAR
  7. Oct 2, 20264 EDGAR
  8. Sep 21, 2026SD EDGAR
  9. Sep 10, 2026SCHEDULE 13G/A EDGAR
  10. Aug 14, 2026SCHEDULE 13G/A EDGAR
  11. Aug 6, 202610-Q EDGAR
  12. Aug 6, 20268-K EDGAR
  13. Jul 2, 20264 EDGAR
  14. Jul 2, 20264 EDGAR
  15. Jul 2, 20264 EDGAR
  16. Jul 2, 20264 EDGAR
  17. Jul 2, 20264 EDGAR
  18. Jun 26, 20268-K EDGAR
  19. May 29, 20264 EDGAR
  20. May 29, 20263 EDGAR

The 281 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 17 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 18, 2026Gaspard Garland GSenior Vice PresidentBuy12,340$16.34$201.6KForm 4
Mar 25, 2025Gaspard Garland GSenior Vice PresidentBuy5,016$15.96$80.1KForm 4
Mar 13, 2025SIMS RYAN SPresident & Chief Comm OfficerBuy1,000$12.95$12.9KForm 4
Nov 8, 2024SIMS RYAN SPresident & Chief Comm OfficerBuy1,000$11.25$11.2KForm 4
Aug 6, 2024Gaspard Garland GSenior Vice PresidentBuy2,261$13.27$30.0KForm 4
Feb 29, 2024SIMS RYAN SPresident & Chief Comm OfficerBuy1,500$11.55$17.3KForm 4
Nov 13, 2023Gaspard Garland GSenior Vice PresidentBuy5,264$11.41$60.1KForm 4
Aug 14, 2023Rasmussen Jeffrey JVP & GM - Refinery ServicesBuy5,000$9.37$46.9KForm 4
Aug 11, 2023Flynn Edward TPresident, Genesis Alkali, LLCBuy10,000$9.69$96.9KForm 4
May 10, 2023Rainsberger William WSVP - OffshoreBuy2,500$9.65$24.1KForm 4
May 10, 2023SIMS RYAN SPresident & Chief Comm OfficerBuy2,000$9.70$19.4KForm 4
Mar 1, 2023SIMS RYAN SPresident & Chief Comm OfficerBuy1,700$11.75$20.0KForm 4
Sep 26, 2022Flynn Edward TPresident, Genesis Alkali, LLCBuy20,000$10.02$200.4KForm 4
Aug 8, 2022Davison James EDirectorBuy10,000$9.90$99.0KForm 4
Aug 5, 2022Davison James EDirectorBuy10,000$9.48$94.8KForm 4
Aug 4, 2022Davison James EDirectorBuy30,000$9.71$291.3KForm 4
Aug 3, 2022Davison James EDirectorBuy10,000$10.00$100.0KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
Alps Advisors Inc24,840,174$352.0M1.7%−1,085,372
Invesco Ltd.18,873,970$267.4M0.0%+3,120
MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.7,721,496$109.4M0.1%+195,480
Morgan Stanley4,857,954$68.8M0.0%+882,071
Goldman Sachs Group Inc4,333,462$61.4M0.0%+305,361
Jpmorgan Chase & Co4,063,176$57.1M0.0%+309,367
Creative Planning3,105,233$44.0M0.0%−650
Clearbridge Investments, LLC2,897,883$41.1M0.0%No change
Westwood Holdings Group Inc2,125,577$30.1M0.2%−19,642
Ing Groep Nv1,689,700$23.9M0.1%−250,000
Jefferies Financial Group Inc.1,441,358$20.4M0.2%+152,797
Miller Howard Investments Inc /ny1,423,389$20.2M0.5%−554,220
UBS Group AG1,202,510$17.0M0.0%−572,572
RR Advisors, LLC868,342$12.3M3.6%No change
Natixis861,900$12.2M0.1%No change
CIBC Bancorp USA Inc.798,412$11.3M0.0%New
Citigroup Inc774,418$11.0M0.0%+258,608
Barclays PLC739,426$10.5M0.0%+254,186
Infrastructure Capital Advisors, LLC643,436$9.1M0.7%+11,575
Bank Of America Corp /de/611,824$8.7M0.0%+65,527
NEOS Investment Management LLC600,617$8.5M0.0%+240,886
Blackstone Inc.575,735$8.2M0.0%No change
Manning & Napier Advisors LLC484,963$6.9M0.1%No change
Callodine Capital Management, LP484,963$6.9M0.5%No change
Fractal Investments LLC343,243$4.9M0.6%No change

13F reports cover disclosed long positions in U.S. stocks only.

Members of Congress who traded it

1 trades disclosed by members of Congress. “Vs S&P since” is the stock’s change since the trade minus the S&P 500’s.

DateMemberTradeAmountVs S&P sinceFiling
Mar 11, 2020David A Perdue , Jr, SenateSale$1,001 - $15,000+40.1%Report

Members report amounts as ranges, not exact figures. Returns are price-only (no dividends).

SEC filer profile

How GENESIS ENERGY LP is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARGENESIS ENERGY LP1
  • CIK0001022321
  • Employer ID (EIN)76-05130496
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company6
  • Incorporated inDelaware6
  • Fiscal year endsDecember 311
  • Industry code (SIC)4610 Pipe Lines (No Natural Gas)1
  • SEC reviewing officeOffice of Energy & Transportation, Division of Corporation Finance1
  • Business address811 Louisiana St, Suite 1200, Houston, TX 770021
  • Phone71386025001
  • Shares outstanding122,424,321 Common Class A shares; 39,997 Common Class B shares as of Feb 18, 20266
  • Public float$1.9B as of Jun 30, 20256
  • AuditorPricewaterhouseCoopers LLP, Houston, Texas PCAOB ID 238; it also attests to the company’s internal control over financial reporting6
  • On EDGAR sinceSep 6, 19961
  • Filings1,636 in all: 4 (871), 8-K (276), 10-Q (89), SC 13G/A (55), 424B5 (45), 3 (38), 10-K (27), CORRESP (24)1
    All 49 form types

    UPLOAD (22), SC 13G (19), 424B3 (18), FWP (14), EFFECT (11), SCHEDULE 13G/A (11), S-3 (10), S-3/A (10), 5 (8), SC 13D/A (8), 4/A (7), 8-K/A (7), POSASR (7), S-3ASR (5), SC 13D (5), SCHEDULE 13D/A (4), 10-K/A (3), 10-K405 (3), 3/A (3), 424B4 (3), S-1/A (3), S-4 (3), SD (3), 424B2 (2), 424B7 (2), 6-K (2), 8-A12B (2), PRER14A (2), S-8 (2), 10-K405/A (1), 10-Q/A (1), 25 (1), 5/A (1), 8-A12B/A (1), CERTNYS (1), DEF 14A (1), DEFS14A (1), PRE 14A (1), PRES14A (1), S-1 (1), SCHEDULE 13G (1)

  • Latest filingsAnnual report (10-K) Feb 18, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Nov 7, 2007
    Latest 8-K (8-K) Aug 6, 2026

Securities registered for trading

ClassSymbolExchange
Common UnitsGELNYSE

From the cover page of the 10-K filed Feb 18, 2026 (Section 12(b) of the Exchange Act).6

Risk factors and legal proceedings

The risks GENESIS ENERGY LP names in Item 1A of its 10-K filed Feb 18, 2026: 57 risks under these headings, as written.6

  • Risks Related to the Operations of Our Business
  • Risks Related to Liquidity and Financing
  • Risks Related to Legal and Regulatory Compliance
  • Risks Related to Our Partnership Structure
  • Tax Risks to Our Unitholders
  • General Risks
  • We may not be able to fully execute our growth strategy due to various factors, such as unreceptive capital markets and/or excessive competition for acquisitions.
  • We may not have sufficient cash from operations after the establishment of cash reserves and payment of fees and expenses to pay the current level of quarterly distributions.
  • Our profitability and cash flow are dependent on our ability to increase or, at a minimum, maintain our current commodity (crude oil, natural gas, refined products, NaHS and caustic soda) volumes, which often depend on actions and commitments by parties beyond our control.
  • We face intense competition to obtain crude oil, natural gas and refined products volumes.
  • Many of our crude oil and natural gas transportation customers are producers whose drilling activity levels and spending for transportation have historically been, and may continue to be, impacted by volatility in the commodity markets.
  • Fluctuations in prices for crude oil, natural gas, refined petroleum products, NaHS and caustic soda could adversely affect our business.
The other 51 risks
  • Our use of derivative financial instruments could result in financial losses.
  • Non-utilization of certain assets could significantly reduce our profitability due to the fixed costs incurred with respect to such assets.
  • We cannot cause our joint ventures and certain of our unrestricted subsidiaries to take or not to take certain actions unless some or all of the joint venture or third party participants agree.
  • We may not be able to renew our marine transportation term charters and contracts when they expire at favorable rates, for extended periods, or at all, which may increase our exposure to the spot market and lead to lower revenues and increased expenses.
  • A decrease in the cost of importing refined petroleum products could cause demand for U.S. flag product carrier and barge capacity and charter rates to decline, which would decrease our revenues and cash flows from operations.
  • We face periodic dry-docking costs for our vessels, which can be substantial.
  • The U.S. inland waterway infrastructure is aging and may result in increased costs and disruptions to our marine transportation segment.
  • Failure to obtain or renew surety bonds on acceptable terms could affect our ability to satisfy long-term obligations.
  • Our indebtedness could adversely restrict our ability to operate, affect our financial condition, prevent us from complying with requirements under our debt instruments and prevent us from paying cash distributions to our unitholders.
  • We may not be able to access adequate capital (debt and/or equity) on economically viable terms or any terms.
  • Our actual construction, development and acquisition costs could exceed our forecast, and our cash flow from construction and development projects may not be immediate.
  • The IRA could accelerate the transition to a low carbon economy away from oil and natural gas.
  • Fluctuations in interest rates could adversely affect our business.
  • Inflationary pressures and associated changes in monetary policy have historically increased and may further increase our operating costs, which in turn have caused and may continue to cause our capital expenditures and operating costs to rise.
  • Non-traditional investment criteria used by many investors may diminish investor interest in us and reduce the value of our common units and our access to capital.
  • Our operations are subject to federal and state rate regulation and federal, state and local environmental protection and safety laws and regulations.
  • Climate change legislation and regulatory initiatives may decrease demand for the products we store, transport and sell and increase our operating costs.
  • Regulation of the rates, terms and conditions of services and a changing regulatory environment could affect our financial position, results of operations or cash flow.
  • Our business would be adversely affected if we failed to comply with the Jones Act foreign ownership provisions.
  • Our business would be adversely affected if the Jones Act provisions on coastwise trade or international trade agreements were modified or repealed or as a result of modifications to existing legislation or regulations governing the crude oil and natural gas industry.
  • Compliance with and changes in cybersecurity requirements have a cost impact on our business, and failure to comply with such laws and regulations could have an impact on our assets, costs, revenue generation and growth opportunities.
  • We are subject to regulatory and economic risks associated with doing business outside of the United States.
  • Individual members of the Davison family can exert significant influence over us and may have conflicts of interest with us and may be permitted to favor their interests to the detriment of our other unitholders.
  • Our Class B Common Units may be transferred to a third party without unitholder consent, which could affect our strategic direction.
  • Our general partner has a limited call right that may require common unitholders to sell their units at an undesirable time or price.
  • The interruption of distributions to us from our subsidiaries and joint ventures could affect our ability to make payments on indebtedness or cash distributions to our unitholders.
  • We do not have the same flexibility as other types of organizations to accumulate cash and equity to protect against illiquidity in the future.
  • Unitholders may have liability to repay distributions that were wrongfully distributed to them.
  • Unitholder liability may not be limited if a court finds that unitholder action constitutes control of our business.
  • Our tax treatment depends on our status as a partnership for federal income tax purposes, as well as us not being subject to a material amount of entity-level taxation by individual states. If the IRS were to treat us as a corporation (for U.S. federal income tax purposes) or if we were to become subject to a material amount of entity-level taxation for state tax purposes, then our cash available for distribution to our unitholders would be substantially reduced.
  • The tax treatment of publicly traded partnerships or an investment in our units could be subject to potential legislative, judicial or administrative changes and differing interpretations, possibly on a retroactive basis.
  • A successful IRS contest of the federal income tax positions we take may adversely affect the market for our units, and the costs of any IRS contest would reduce our cash available for distribution to our unitholders and our general partner.
  • Our unitholders will be required to pay taxes on income (as well as deemed distributions, if any) from us even if they do not receive any cash distributions from us.
  • Tax gain or loss on the disposition of our units could be more or less than expected.
  • Unitholders may be subject to limitations on their ability to deduct interest expense by us.
  • Tax-exempt entities and non-U.S. persons face unique tax issues from owning our units that may result in adverse tax consequences to them.
  • We will treat each purchaser of our common units as having the same tax benefits without regard to the common units actually purchased. The IRS may challenge this treatment, which could adversely affect the value of our common units.
  • Our unitholders will likely be subject to state and local taxes in states where they do not live as a result of an investment in our units.
  • We have subsidiaries that are treated as corporations for federal income tax purposes and subject to corporate-level income taxes.
  • We generally prorate our items of income, gain, loss and deduction between transferors and transferees of our units each month based upon the ownership of our units on the first day of each month, instead of on the basis of the date a particular unit is transferred. The IRS may challenge this treatment, which could change the allocation of items of income, gain, loss and deduction among our unitholders.
  • A unitholder whose units are loaned to a “short seller” to cover a short sale of units may be considered as having disposed of those units. If so, such unitholder would no longer be treated for tax purposes as a partner with respect to those units during the period of the loan and may recognize gain or loss from the disposition.
  • The IRS could challenge our treatment of the holders of Class A Convertible Preferred Units as partners for tax purposes, and if such challenge were sustained, certain holders of Class A Convertible Preferred Units could be adversely impacted.
  • The amount that a Class A Convertible Preferred unitholder would receive upon liquidation may be less than the liquidation value of the Class A Convertible Preferred Units.
  • We are exposed to the credit risk of our customers in the ordinary course of our business activities.
  • A natural disaster, pandemic, epidemic, accident, terrorist attack or other interruption event could result in an economic slowdown, severe personal injury, property damage and/or environmental damage, which could curtail our operations or otherwise adversely affect our assets and cash flow.
  • We cannot predict the impact of the ongoing international military conflicts and any related humanitarian crisis or any other geopolitical tensions on the global economy, energy markets, geopolitical stability and our business.
  • Our business could be negatively impacted by security threats, including cybersecurity threats, and related disruptions.
  • Artificial intelligence presents risks and challenges that can impact our business, including by posing security risks to our confidential information, proprietary information and personal data.
  • Our significant unitholders may sell units or other limited partner interests in the trading market, which could reduce the market price of our common units.
  • We may issue additional common units without common unitholders’ approval, which would dilute their ownership interests.
  • If we are unable to attract and retain senior management and key technical professionals with elite skills, we may not be able to execute our business strategy effectively and, our operations could be adversely affected.

Legal proceedings

We are involved from time to time in various claims, lawsuits and administrative proceedings incidental to our business. In our opinion, the ultimate outcome, if any, of such proceedings is not expected to have a material adverse effect on our financial condition, results of operations or cash flows. See Note 21 to our Consolidated Financial Statements in Item 8.

Item 103 of SEC Regulation S-K requires disclosure of certain environmental matters when a governmental authority is a party to the proceedings and such proceedings involve potential monetary sanctions that we reasonably believe will exceed a specified threshold. Pursuant to recent SEC amendments to this item, we will be using a threshold of $1 million for such proceedings. We believe that such threshold is reasonably designed to result in disclosure of environmental proceedings that are material to our business or financial condition. Applying this threshold, there are no environmental matters to disclose for this period.

The opening of Item 3, Legal Proceedings.6

Sources

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