Filing Flows › Genesis Energy LP (GEL) › Q3 2026 › vs Q2 2026
Genesis Energy LP (GEL) Q3 2026 vs Q2 2026 (quarter over quarter)
Genesis Energy LP's revenue fell $82.7M (-16%) from $532M in Q2 2026 to $449M in Q3 2026. The biggest changes: Product sales −$64.2M (-25%); Fee-based revenues −$11.1M (-4%); Sulfur services −$7.4M (-40%). Operating margin 15.4% against 19.8% (-4.4 pts).
Genesis Energy LP, Q3 2026: revenue $449M (+8% year over year), operating margin 15.4%, net earnings $2.4M, operating cash flow $78.4M. The chart draws each line against Q2 2026, the increases inside each band.
Margins
| Q3 2026 | Q2 2026 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 19.8% | -4.4 pts |
| Net margin | 0.5% | 8.1% | -7.5 pts |
| Free cash flow margin | 10.4% | 28.9% | -18.5 pts |
Every line
| Line | Q3 2026 | Q2 2026 | Change | % |
|---|---|---|---|---|
| Fee-based revenues | $247M | $258M | −$11.1M | -4% |
| Product sales | $191M | $255M | −$64.2M | -25% |
| Sulfur services | $11.0M | $18.3M | −$7.4M | -40% |
| Revenue | $449M | $532M | −$82.7M | -16% |
| Operating profit | $69.4M | $105M | −$36.0M | -34% |
| Costs & expenses | $380M | $427M | −$46.7M | -11% |
| Pre-tax earnings | $14.7M | $56.8M | −$42.1M | -74% |
| Other expense, net | $54.7M | $48.6M | $6.1M | +13% |
| General & admin | $18.3M | $19.4M | −$1.1M | -6% |
| Other operating costs | $362M | $407M | −$45.6M | -11% |
| Net earnings | $2.4M | $42.9M | −$40.4M | -94% |
| Minority interests | $12.0M | $13.7M | −$1.7M | -13% |
| Income tax | $273K | $209K | $64K | +31% |
| Depreciation & amortization | $61.0M | $63.1M | −$2.2M | -3% |
| Share-based compensation | $4.3M | $2.9M | $1.3M | +46% |
| Working capital & other | $10.8M | $71.8M | −$61.1M | -85% |
| Operating cash flow | $78.4M | $181M | −$102M | -57% |
| Free cash flow (OCF − capex) | $46.6M | $154M | −$107M | -70% |
| Capital expenditures | $31.9M | $27.1M | $4.8M | +18% |
Questions
How much did Genesis Energy LP's revenue grow quarter over quarter in Q3 2026?
Genesis Energy LP's revenue fell $82.7M (-16%) from $532M in Q2 2026 to $449M in Q3 2026.
What drove Genesis Energy LP's revenue change in Q3 2026?
Product sales −$64.2M (-25%); Fee-based revenues −$11.1M (-4%); Sulfur services −$7.4M (-40%).