Fundamentals Hub
▼ FY 2025 Summary Analysis
Annual report ending Dec 31, 2025Overview and Growth
Fiscal 2025 results for GENESIS ENERGY LP combined $1.63B of revenue with net loss of $440.40M and an operating cash inflow of $252.83M. At $1.63B, the top line establishes the operating scale supporting the company’s profit and cash-flow profile. Revenue was 1.8% below fiscal 2024 revenue of $1.66B, marking a top-line contraction. On a per-share basis, diluted EPS was -$4.19, which connects the reported earnings outcome with the company’s diluted share count. Total assets stood at $4.86B, showing the scale of resources supporting revenue, earnings, liquidity, and financing. The revenue-to-assets relationship was 0.34x, showing the sales generated relative to the resources carried on the balance sheet.Profitability
Operating income was $258.19M, the earnings remaining from reported operations after the company’s recognized operating cost structure. Operating margin measured 15.8%, showing the portion of revenue preserved after the full set of operating costs. After all below-operating-line items, the company recorded a net loss of $440.40M for the fiscal year. Net margin was -27.0%, reflecting a loss equal to 27.0% of reported revenue. Pretax income was $31.31M, isolating the reported earnings outcome before the income-tax provision recognized for the fiscal year. The pretax margin was 1.9%, relating income before taxes directly to revenue. The company recognized $806.00K of income tax for the period, completing the transition from pretax income to net income. The income-tax provision equaled 2.6% of pretax income, showing the tax burden absorbed by the year’s earnings. Relative to period-end equity, the net loss represented 283.1%. Relative to total assets, the net loss represented 9.1%.Liquidity and Capital Structure
At period end, the $4.86B asset base was financed through $4.15B of liabilities and $155.56M of equity. At period end, current assets of $687.47M compared with current liabilities of $699.69M, defining the company’s short-term resource position. At 0.98x, current liabilities exceeded current assets and placed pressure on the company’s near-term liquidity position. Cash and equivalents totaled $6.44M, identifying the most liquid reported component available within the broader current-asset balance. Measured only with cash and equivalents, coverage of current liabilities was 0.9%, excluding receivables and other current assets. Total debt was $3.05B, establishing the amount of borrowing carried within the company’s capital structure. The debt-to-equity relationship was 19.59x, showing how much debt the company carried for each unit of book equity. Debt represented 62.7% of total assets, placing borrowing in the context of the company’s full resource base. The liabilities-to-assets relationship was 85.4%, placing reported obligations against the full positive asset balance. The cash-to-assets relationship was 0.1%, comparing reported cash and equivalents with the full positive asset balance. The asset base changed 30.9% from $7.04B in fiscal 2024, leaving current total assets lower year over year. Book equity was 77.8% lower than fiscal 2024 equity of $702.19M, showing how shareholder capital changed year over year. The reported cash balance changed 12.4% from $7.35M in fiscal 2024, ending lower year over year.Cash Flow and Earnings Quality
The company reported $252.83M of operating cash flow, a cash inflow that shows the cash generated by operations. Capital spending was $186.89M, absorbing part of the cash generated from operations before free cash flow. Relative to operating cash flow, capital expenditures measured 73.9%, connecting investment intensity with the company’s cash-generation base. The combination of operating cash flow and capital spending produced $65.94M of positive free cash flow for the period. Free cash flow represented 4.0% of revenue, linking post-investment cash generation with the company’s operating scale. Free cash flow equaled 1.4% of total assets, relating post-investment cash generation to the company’s resource base.
Based on the annual report for the fiscal year ending Dec 31, 2025.
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