Filing Flows › Genesis Energy LP (GEL) › Q1 2026
Genesis Energy LP (GEL) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Genesis Energy LP (GEL) reported revenue of $447M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +1% from the quarter before. Operating margin was 17.2%, net earnings $6.8M (1.5% of revenue).
Genesis Energy LP, Q1 2026: revenue $447M (+12% year over year), operating margin 17.2%, net earnings $6.8M, operating cash flow $81.7M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $447M | +1% | +12% |
| Operating profit | $76.6M | -15% | +249% |
| Net earnings | $6.8M | -66% | — |
| Operating cash flow | $81.7M | -26% | +230% |
| Free cash flow | $55.7M | -36% | — |
What changed
Revenue was $446.6M in Q1 2026, up 12% year over year and up 1% from the previous quarter. Fee-based revenues was the largest line at 54% of revenue. Fee-based revenues added $39.8M year over year (up 20%), 83% of the total change. Sulfur services declined 28%.
Operating profit was $76.6M, a 17.2% margin (up 11.6 points year over year). Of the extra revenue versus Q1 2025, 113% reached operating profit, above the 6% margin then. Total costs fell 2% while revenue rose 12%. Net earnings were $6.8M. The effective tax rate was 0.6%.
Operating cash flow was $81.7M (up 230% year over year), 427% of net income including minority interests. Non-cash charges added back $58.9M of depreciation and amortization. Capital expenditures of $26.1M left free cash flow of $55.7M.
Questions
What was Genesis Energy LP's revenue in the first quarter 2026?
Genesis Energy LP (GEL) reported revenue of $447M for the first quarter 2026 (Q1 2026), +12% from a year earlier and +1% from the quarter before.
Was Genesis Energy LP profitable in the first quarter 2026?
Operating profit was $76.6M (17.2% of revenue) and net earnings $6.8M.
Source: Genesis Energy LP 10-Q on SEC EDGAR.