# Genesis Energy Q3 2026 Earnings Results

> Genesis Energy reports modest Q3 2026 earnings with 9% revenue growth but declining net income amid operational delays.
- Title: Genesis Energy Q3 2026 Earnings Results · The Motley Fool
- Summary: Genesis Energy reports modest Q3 2026 earnings with 9% revenue growth but declining net income amid operational delays.
- Keywords: genesis energy, q3 2026, revenue, net income, operational delays, offshore pipeline, marine transportation, onshore services, sodium hydrosulfide, shenandoah, monument field, salamanca
- Source: The Motley Fool — https://fool.com/earnings/call-transcripts/2026/11/05/genesis-energy-gel-q3-2026-earnings-call-transcript
- Author: Motley Fool Transcribing
- Published: 2026-11-05T22:39:55+00:00
- Read time: 1 min
- Topics: genesis energy, q3 2026, revenue, net income, operational delays, offshore pipeline, marine transportation, onshore services, sodium hydrosulfide, shenandoah, monument field, salamanca
## Q3 2026 Results
Genesis Energy reported $449.3 million revenue, a 9% increase from Q3 2025.
## Net Income Decline
Net income attributable to Genesis Energy dropped to $2.4 million from $9.2 million in Q3 2025.
## Adjusted EBITDA
Adjusted EBITDA reached $130.5 million, down from $132.0 million in Q3 2025.
## Offshore Pipeline Margin
Offshore pipeline transportation segment margin decreased to $97.8 million due to producer downtime.
## Marine Transportation Margin
Marine transportation segment margin increased 12% year over year with higher utilization.
## Onshore Transportation Margin
Onshore transportation and services segment margin rose 5% with higher Texas pipeline volumes.
## Bank Leverage Ratio
Bank leverage ratio stood at 5.03x based on $607.5 million trailing 12-month EBITDA.
## Available Cash
Available cash before reserves totaled $38.6 million, covering 1.58x common unit distribution.
## Quarterly Distribution
Quarterly distribution increased 21% to $0.20 per common unit.
## Series A Preferred Units
Series A cumulative preferred units reduced from $529 million to $311 million face value.
## Unrestricted Cash
Unrestricted cash stood at $41.5 million as of September 30, 2026.
## Senior Secured Credit
Senior secured credit facility maintained $900 million capacity with no borrowings.
## Monument Field Production
Monument field production expected to reach 20,000 to 25,000 barrels per day in Q1 2027.
## Salamanca Design Capacity
Salamanca design capacity projected at 60,000 to 70,000 barrels per day by early 2027.
## Marine Fleet Utilization
Marine fleet utilization reached 100% with robust negotiated spot rates.
## Inland Fleet Status
90% of inland barge fleet available for re-contracting after December 31, 2026.
## Key takeaway

Genesis Energy reported $449.3 million Q3 2026 revenue, a 9% increase from 2025, but net income dropped to $2.4 million from $9.2 million due to production delays.