Genesis GEL Q4 2025 Earnings Call Transcript

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Thursday, Feb. 12, 2026 astatine 10 a.m. ET

• Chief Executive Officer — Grant E. Sims

• Chief Financial Officer — Kristen Jesulaitis

• Chief Legal Officer — Ryan Sims

• President and Chief Commercial Officer — Ryan Sims

• Chief Accounting Officer — Louis Niccol

• Director of Investor Relations — Dwayne R. Morley

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Dwayne R. Morley: Genesis Energy, L.P. has 3 concern segments. The offshore pipeline proscription conception is engaged successful providing the captious infrastructure to determination lipid produced from the agelong beingness of satellite people reservoirs successful the deepwater Gulf of Mexico to onshore refining centers. The marine proscription conception is engaged successful the maritime proscription of chiefly refined petroleum products. The onshore proscription and services conception is engaged successful the transportation, handling, blending, storage, and proviso of vigor products, including crude lipid and refined products, chiefly astir refining centers, arsenic good arsenic the processing of sour state streams to region sulfur astatine refining operations. Genesis Energy, L.P.’s operations are chiefly located successful the Gulf Coast states and the Gulf of Mexico.

During this league call, absorption whitethorn beryllium making forward-looking statements wrong the meanings of the Securities Act of 1933 and the Securities Exchange Act of 1934. The instrumentality provides harmless harbor extortion to promote companies to supply forward-looking information. Genesis Energy, L.P. intends to avail itself of those harmless harbor provisions and directs you to its astir precocious filed and aboriginal filings with the Securities and Exchange Commission. We besides promote you to sojourn our website astatine genesisenergy.com, wherever a transcript of the property merchandise we issued this greeting is located. The property merchandise besides presents a reconciliation of non-GAAP fiscal measures to the astir comparable GAAP fiscal measures. At this time, I would similar to present Grant E.

Sims, CEO of Genesis Energy, L.P., who volition beryllium joined by Kristen Jesulaitis, Chief Financial Officer, and Chief Legal Officer Ryan Sims, President and Chief Commercial Officer, and Louis Niccol, Chief Accounting Officer. I volition present crook the telephone implicit to Grant.

Grant E. Sims: Thanks, Dwayne, and bully greeting to everyone. Thanks for listening to the call. As noted successful our net merchandise this morning, our 4th fourth results came successful somewhat up of our interior expectations, arsenic our offshore pipeline proscription conception saw beardown maturation driven by dependable basal volumes, a afloat 4th of volumes from Shenandoah good supra its minimum measurement commitment, on with continued ramping volumes from Salamanca. Our marine proscription conception returned to a much normalized level of operating show arsenic our refinery customers accrued runs of dense crude lipid which drove higher volumes successful their intermediate achromatic lipid disposable for transport.