Filing Flows › Genesis Energy LP (GEL) › Q3 2026
Genesis Energy LP (GEL) Q3 2026 earnings results (third quarter 2026)
10-Q filed Nov 5, 2026
Genesis Energy LP (GEL) reported revenue of $449M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -16% from the quarter before. Operating margin was 15.4%, net earnings $2.4M (0.5% of revenue).
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 follows the revenue to costs, profit and cash.
| Q3 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $449M | -16% | +9% |
| Operating profit | $69.4M | -34% | -12% |
| Net earnings | $2.4M | -94% | -74% |
| Operating cash flow | $78.4M | -57% | +12% |
| Free cash flow | $46.6M | -70% | +8% |
What changed
Revenue was $449.3M in Q3 2026, up 9% year over year and down 16% from the previous quarter. Fee-based revenues was the largest line at 55% of revenue. Product sales added $33.6M year over year (up 21%), 95% of the total change. Sulfur services declined 29%.
Operating profit was $69.4M, a 15.4% margin (down 3.5 points year over year). Operating profit fell $9.2M even though revenue rose $35.2M versus Q3 2025, so costs grew faster than sales. Total costs grew 13% against revenue growth of 9%. The fastest-growing cost line was General & admin (+20%). Net earnings were $2.4M, down 74% year over year. The effective tax rate was 1.9%.
Operating cash flow was $78.4M (up 12% year over year), 544% of net income including minority interests. Non-cash charges added back $61.0M of depreciation and amortization and $4.3M of share-based compensation. Capital expenditures of $31.9M left free cash flow of $46.6M.
Questions
What was Genesis Energy LP's revenue in the third quarter 2026?
Genesis Energy LP (GEL) reported revenue of $449M for the third quarter 2026 (Q3 2026), +9% from a year earlier and -16% from the quarter before.
Was Genesis Energy LP profitable in the third quarter 2026?
Operating profit was $69.4M (15.4% of revenue) and net earnings $2.4M.
Source: Genesis Energy LP 10-Q on SEC EDGAR.