Filing Flows › Genesis Energy LP (GEL) › Q2 2026 › vs Q1 2026
Genesis Energy LP (GEL) Q2 2026 vs Q1 2026 (quarter over quarter)
Genesis Energy LP's revenue rose $85.4M (+19%) from $447M in Q1 2026 to $532M in Q2 2026. The biggest changes: Product sales +$66.7M (+35%); Fee-based revenues +$15.5M (+6%); Sulfur services +$3.2M (+21%). Operating margin 19.8% against 17.2% (+2.7 pts).
Genesis Energy LP, Q2 2026: revenue $532M (+41% year over year), operating margin 19.8%, net earnings $42.9M, operating cash flow $181M. The chart draws each line against Q1 2026, the increases inside each band.
Margins
| Q2 2026 | Q1 2026 | Change | |
|---|---|---|---|
| Operating margin | 19.8% | 17.2% | +2.7 pts |
| Net margin | 8.1% | 1.5% | +6.5 pts |
| Free cash flow margin | 28.9% | 12.5% | +16.4 pts |
Every line
| Line | Q2 2026 | Q1 2026 | Change | % |
|---|---|---|---|---|
| Fee-based revenues | $258M | $243M | $15.5M | +6% |
| Product sales | $255M | $189M | $66.7M | +35% |
| Sulfur services | $18.3M | $15.1M | $3.2M | +21% |
| Revenue | $532M | $447M | $85.4M | +19% |
| Operating profit | $105M | $76.6M | $28.8M | +38% |
| Costs & expenses | $427M | $370M | $56.6M | +15% |
| Pre-tax earnings | $56.8M | $19.3M | $37.6M | +195% |
| Other expense, net | $48.6M | $57.4M | −$8.7M | -15% |
| General & admin | $19.4M | $17.5M | $1.9M | +11% |
| Other operating costs | $407M | $352M | $54.7M | +16% |
| Net earnings | $42.9M | $6.8M | $36.1M | +530% |
| Minority interests | $13.7M | $12.3M | $1.4M | +11% |
| Income tax | $209K | $112K | $97K | +87% |
| Depreciation & amortization | $63.1M | $58.9M | $4.2M | +7% |
| Share-based compensation | $2.9M | $0 | $2.9M | — |
| Working capital & other | $71.8M | $16.0M | $55.8M | +348% |
| Operating cash flow | $181M | $81.7M | $99.0M | +121% |
| Free cash flow (OCF − capex) | $154M | $55.7M | $98.0M | +176% |
| Capital expenditures | $27.1M | $26.1M | $1.0M | +4% |
Questions
How much did Genesis Energy LP's revenue grow quarter over quarter in Q2 2026?
Genesis Energy LP's revenue rose $85.4M (+19%) from $447M in Q1 2026 to $532M in Q2 2026.
What drove Genesis Energy LP's revenue change in Q2 2026?
Product sales +$66.7M (+35%); Fee-based revenues +$15.5M (+6%); Sulfur services +$3.2M (+21%).