Filing Flows › Genesis Energy LP (GEL) › Q1 2025
Genesis Energy LP (GEL) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 8, 2025
Genesis Energy LP (GEL) reported revenue of $398M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -45% from the quarter before. Operating margin was 5.5%, net loss $460M (115.6% of revenue).
Genesis Energy LP, Q1 2025: revenue $398M (-8% year over year), operating margin 5.5%, net loss $460M, operating cash flow $24.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $398M | -45% | -8% |
| Operating profit | $22.0M | — | — |
| Net earnings | −$460M | — | — |
| Operating cash flow | $24.8M | -66% | -80% |
What changed
Revenue was $398.3M in Q1 2025, down 8% year over year and down 45% from the previous quarter. Fee-based revenues was the largest line at 51% of revenue. Product Sales lost $38.4M year over year (down 18%), 106% of the total change.
Operating profit was $22.0M, a 5.5% margin (down 7.8 points year over year). Total costs fell 0% while revenue fell 8%. The fastest-growing cost line was General & admin (+176%). The quarter ended with a net loss of $460.3M, wider than the previous quarter's $41.3M loss. Net interest and other expense of $482.1M was the main reason.
Operating cash flow was $24.8M (down 80% year over year). Non-cash charges added back $75.0M of depreciation and amortization and $2.5M of share-based compensation. Working capital and other items added $407.6M. Capital expenditures of $81.6M exceeded it, leaving free cash flow of −$56.8M.
Questions
What was Genesis Energy LP's revenue in the first quarter 2025?
Genesis Energy LP (GEL) reported revenue of $398M for the first quarter 2025 (Q1 2025), -8% from a year earlier and -45% from the quarter before.
Was Genesis Energy LP profitable in the first quarter 2025?
Operating profit was $22.0M (5.5% of revenue) and net loss $460M.
Source: Genesis Energy LP 10-Q on SEC EDGAR.