Genesis Energy reports Q1 2026 net income of $6.8M, completes $750M debt refinancing

Filed May 7, 2026 · Period ending May 7, 2026 · ~2 min read

Key Changes

• high

  Net income of $6.8M vs. $469M loss in Q1 2025; Adjusted EBITDA of $140.9M; operating cash flow increased to $81.7M from $24.8M year-over-year; distribution coverage of 1.99x on $0.18 per unit quarterly payout.

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• high

  Issued $750M of 6.75% senior notes due 2034 to redeem $679M of 7.75% notes due 2028; amended credit facility to increase capacity from $800M to $900M with maturity extended to March 2031; repurchased $135M of high-cost preferred securities, reducing annual financing costs by approximately $12M.

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• high

  Shenandoah production declined in Q1 following unexpectedly high initial rates in Q4 2025; company now expects $12M-$15M less Segment Margin from Shenandoah in 2026 than originally forecast, though management states this does not prevent reaching midpoint of full-year Adjusted EBITDA guidance.

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