Genesis Energy Q2 2023 Earnings Report

Genesis Energy EPS Results

• Actual EPS: $0.22
• Consensus EPS: $0.27
• Beat/Miss: Missed by -$0.05
• One Year Ago EPS: $0.14

Genesis Energy Revenue Results

• Actual Revenue: $804.70 million
• Expected Revenue: N/A
• Beat/Miss: N/A
• YoY Revenue Growth: +11.50%

Genesis Energy Announcement Details

• Quarter: Q2 2023
• Date: 8/3/2023
• Time: Before Market Opens

Genesis Energy (NYSE:GEL) provides integrated suite of midstream services in crude oil and natural gas industry in the United States. It operates through Offshore Pipeline Transportation, Soda and Sulfur Services, Marine Transportation, and Onshore Facilities and Transportation segments. The Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations, as well as deep water pipeline servicing. This segment also owns interests in offshore crude oil and natural gas pipeline systems, platforms, and related infrastructure. The Soda and Sulfur Services segment produces, markets, and sells soda ash; and provides sulfur removal services. This segment also owns and operates soda ash production facilities, underground trona ore mines and brine solution mining operations and related equipment, and logistics and other assets; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. The Marine Transportation segment offers waterborne transportation of petroleum and crude oil in North America. This segment owns a fleet of 91 barges and 42 push/tow boats. The Onshore Facilities and Transportation segment offers onshore facilities and transportation services to crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products; and operates trucks, trailers, railcars, and terminals and tankage in various locations along the Gulf Coast. This segment also transports crude oil, as well as owns four onshore crude oil pipeline systems and four operational crude oil rail unloading facilities. The company was incorporated in 1996 and is headquartered in Houston, Texas.