Filing Flows › Genesis Energy LP (GEL) › Q3 2026 › vs Q3 2025
Genesis Energy LP (GEL) Q3 2026 vs Q3 2025 (year over year)
Genesis Energy LP's revenue rose $35.2M (+9%) from $414M in Q3 2025 to $449M in Q3 2026. The biggest changes: Product sales +$33.6M (+21%); Fee-based revenues +$6.0M (+3%); Sulfur services −$4.4M (-29%). Operating margin 15.4% against 19.0% (-3.5 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 Q3 2025, the increases inside each band.
Margins
| Q3 2026 | Q3 2025 | Change | |
|---|---|---|---|
| Operating margin | 15.4% | 19.0% | -3.5 pts |
| Net margin | 0.5% | 2.2% | -1.7 pts |
| Free cash flow margin | 10.4% | 10.5% | -0.1 pts |
Every line
| Line | Q3 2026 | Q3 2025 | Change | % |
|---|---|---|---|---|
| Fee-based revenues | $247M | $241M | $6.0M | +3% |
| Product sales | $191M | $157M | $33.6M | +21% |
| Sulfur services | $11.0M | $15.4M | −$4.4M | -29% |
| Revenue | $449M | $414M | $35.2M | +9% |
| Operating profit | $69.4M | $78.6M | −$9.2M | -12% |
| Costs & expenses | $380M | $335M | $44.4M | +13% |
| Pre-tax earnings | $14.7M | $23.0M | −$8.3M | -36% |
| Other expense, net | $54.7M | $55.6M | −$843K | -2% |
| General & admin | $18.3M | $15.3M | $3.1M | +20% |
| Other operating costs | $362M | $320M | $41.4M | +13% |
| Net earnings | $2.4M | $9.2M | −$6.8M | -74% |
| Minority interests | $12.0M | $13.6M | −$1.6M | -12% |
| Income tax | $273K | $253K | $20K | +8% |
| Depreciation & amortization | $61.0M | $57.1M | $3.9M | +7% |
| Share-based compensation | $4.3M | $4.2M | $8K | +0.2% |
| Working capital & other | $10.8M | −$267K | $11.1M | — |
| Operating cash flow | $78.4M | $70.3M | $8.2M | +12% |
| Free cash flow (OCF − capex) | $46.6M | $43.3M | $3.3M | +8% |
| Capital expenditures | $31.9M | $27.0M | $4.9M | +18% |
Questions
How much did Genesis Energy LP's revenue grow year over year in Q3 2026?
Genesis Energy LP's revenue rose $35.2M (+9%) from $414M in Q3 2025 to $449M in Q3 2026.
What drove Genesis Energy LP's revenue change in Q3 2026?
Product sales +$33.6M (+21%); Fee-based revenues +$6.0M (+3%); Sulfur services −$4.4M (-29%).