Genesis Energy, L.P. reported fourth-quarter 2024 results that were generally in line with its expectations. The company announced that over 90% of the expected growth capital associated with its offshore expansion projects was completed by year-end 2024.
The Granger soda ash production facility expansion was successfully completed, increasing its nameplate capacity from approximately 500,000 tons per year to 1.2-1.3 million tons per year. This expansion is expected to reduce per-unit operating costs.
Management projects Adjusted EBITDA to be around $700 million for 2025 and potentially around $800 million for 2026, signaling a positive financial inflection point. The offshore pipeline transportation segment margin for Q4 2024 was $76.7 million, compared to $106.167 million in Q4 2023.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.