Filing Flows › Genesis Energy LP (GEL) › Q2 2026 › vs Q2 2025
Genesis Energy LP (GEL) Q2 2026 vs Q2 2025 (year over year)
Genesis Energy LP's revenue rose $155M (+41%) from $377M in Q2 2025 to $532M in Q2 2026. The biggest changes: Product sales +$117M (+85%); Fee-based revenues +$36.6M (+17%); Sulfur services +$570K (+3%). Operating margin 19.8% against 17.9% (+1.9 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 Q2 2025, the increases inside each band.
Margins
| Q2 2026 | Q2 2025 | Change | |
|---|---|---|---|
| Operating margin | 19.8% | 17.9% | +1.9 pts |
| Net margin | 8.1% | -0.1% | +8.2 pts |
| Free cash flow margin | 28.9% | -2.0% | +30.9 pts |
Every line
| Line | Q2 2026 | Q2 2025 | Change | % |
|---|---|---|---|---|
| Fee-based revenues | $258M | $222M | $36.6M | +17% |
| Product sales | $255M | $138M | $117M | +85% |
| Sulfur services | $18.3M | $17.8M | $570K | +3% |
| Revenue | $532M | $377M | $155M | +41% |
| Operating profit | $105M | $67.7M | $37.7M | +56% |
| Costs & expenses | $427M | $310M | $117M | +38% |
| Pre-tax earnings | $56.8M | $10.4M | $46.5M | +449% |
| Other expense, net | $48.6M | $57.4M | −$8.7M | -15% |
| General & admin | $19.4M | $14.7M | $4.7M | +32% |
| Other operating costs | $407M | $295M | $112M | +38% |
| Net earnings | $42.9M | −$406K | $43.3M | — |
| Minority interests | $13.7M | $10.4M | $3.3M | +32% |
| Income tax | $209K | $345K | −$136K | -39% |
| Depreciation & amortization | $63.1M | $55.9M | $7.2M | +13% |
| Share-based compensation | $2.9M | $3.2M | −$244K | -8% |
| Working capital & other | $71.8M | −$11.7M | $83.5M | — |
| Operating cash flow | $181M | $47.0M | $134M | +285% |
| Free cash flow (OCF − capex) | $154M | −$7.6M | $161M | — |
| Capital expenditures | $27.1M | $54.6M | −$27.5M | -50% |
Questions
How much did Genesis Energy LP's revenue grow year over year in Q2 2026?
Genesis Energy LP's revenue rose $155M (+41%) from $377M in Q2 2025 to $532M in Q2 2026.
What drove Genesis Energy LP's revenue change in Q2 2026?
Product sales +$117M (+85%); Fee-based revenues +$36.6M (+17%); Sulfur services +$570K (+3%).