Filing Flows › Genesis Energy LP (GEL) › Q2 2026
Genesis Energy LP (GEL) Q2 2026 earnings results (second quarter 2026)
10-Q filed Aug 6, 2026
Genesis Energy LP (GEL) reported revenue of $532M for the second quarter 2026 (Q2 2026), +41% from a year earlier and +19% from the quarter before. Operating margin was 19.8%, net earnings $42.9M (8.1% of revenue).
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 follows the revenue to costs, profit and cash.
| Q2 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $532M | +19% | +41% |
| Operating profit | $105M | +38% | +56% |
| Net earnings | $42.9M | +530% | — |
| Operating cash flow | $181M | +121% | +285% |
| Free cash flow | $154M | +176% | — |
What changed
Revenue was $532.0M in Q2 2026, up 41% year over year and up 19% from the previous quarter. Fee-based revenues was the largest line at 49% of revenue. Product sales added $117.5M year over year (up 85%), 76% of the total change.
Operating profit was $105.4M, a 19.8% margin (up 1.9 points year over year). Of the extra revenue versus Q2 2025, 24% reached operating profit, above the 18% margin then. Total costs grew 38% against revenue growth of 41%. The fastest-growing cost line was Other operating costs (+38%). Net earnings were $42.9M. The effective tax rate was 0.4%.
Operating cash flow was $180.7M (up 285% year over year), 319% of net income including minority interests. Non-cash charges added back $63.1M of depreciation and amortization and $2.9M of share-based compensation. Working capital and other items added $58.1M. Capital expenditures of $27.1M left free cash flow of $153.7M.
Questions
What was Genesis Energy LP's revenue in the second quarter 2026?
Genesis Energy LP (GEL) reported revenue of $532M for the second quarter 2026 (Q2 2026), +41% from a year earlier and +19% from the quarter before.
Was Genesis Energy LP profitable in the second quarter 2026?
Operating profit was $105M (19.8% of revenue) and net earnings $42.9M.
Source: Genesis Energy LP 10-Q on SEC EDGAR.