Overview

* Genesis Energy LP ( GEL ) Q2 net loss narrows to $0.4 mln from $8.7 mln yr ago

* Adjusted EBITDA for Q2 at $122.9 mln, driven by offshore pipeline improvements

* Co successfully commissions Shenandoah facility, anticipates production ramp-up

Outlook

* Company expects full-year 2025 Adjusted EBITDA near low end of $545-$575 mln

* Company plans to reduce revolver balance with free cash flow in Q3

* Genesis sees Shenandoah and Salamanca as key to future growth

Result Drivers

* OFFSHORE PIPELINE IMPROVEMENTS - Sequential improvement in offshore pipeline transportation segment as shut-in wells returned to service, per CEO Grant Sims

* SHENANDOAH COMMISSIONING - Successful commissioning and start-up of Shenandoah production facility, with first oil delivered to SYNC pipeline

* PRODUCTION DELAYS - Initial production delayed due to commissioning challenges, including persistent loop currents affecting sub-sea activities

Key Details

Metric Beat/Mis Actual Consensu

s s

Estimate

Q2 $377.35

Revenue mln

Q2 Net $10.01

Income mln

Q2 $122.90

Adjusted mln

EBITDA

Q2 $67.72

Operatin mln

g Income

Analyst Coverage

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"

* The average consensus recommendation for the oil & gas transportation services peer group is "buy"

* Wall Street's median 12-month price target for Genesis Energy LP ( GEL ) is $18.00, about 7.4% above its July 30 closing price of $16.67

Press Release:

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)