Cash and Cash Equivalents

Restricted Cash

Accounts Receivable-trade, net

Inventories

Other current assets

Total Current Assets

Fixed Assets, at cost

Less: Accumulated depreciation

Net Fixed Assets

Mineral Leaseholds, net of accumulated depletion

Equity Investees

Intangible Assets, net of amortization

Goodwill

Right of Use Assets, Net

Other Assets, net of amortization

Total Assets

Accounts Payable

Accrued Liabilities

Total Current Liabilities

Senior Secured Credit Facility

Senior Unsecured Notes, net of debt issuance costs, discount and premium

Alkali Senior Secured Notes, net of debt issuance costs and discount

Deferred Tax Liabilities

Other Long-Term Liabilities

Total Liabilities

Class A Convertible Preferred Units, 23,111,918 issued and outstanding at December 31, 2024

Common unitholders, 122,464,318 units issued and outstanding at December 31, 2024

Accumulated other comprehensive income

Noncontrolling interests

Total Partners’ Capital

Total Liabilities, Mezzanine Capital, and Partners’ Capital

Historical Company adjustments reflect the removal of the historical Company assets and liabilities associated with the Alkali Business and corresponding partners’ capital balances.

Adjustment reflects the proceeds received of $1.039 billion, adjusted for the following assumptions: (i) repayment of $291.0 million of the outstanding balance as of December 31, 2024 on our senior secured credit facility and the related accrued interest impacts; (ii) redemption of $406.3 million of our outstanding senior unsecured notes due 2027, net of $0.9 million of unamortized issuance costs, and the related accrued interest impacts; and (iii) our previously unrecognized transaction costs of approximately $25.0 million.

Adjustment reflects the incurrence of previously unrecognized transaction costs of approximately $25 million associated with the Divestiture to be paid as well as effects on our assumed debt transactions including the following: (i) $15.0 million of accrued interest removed associated with the redemption of our outstanding senior unsecured notes due 2027; (ii) accrued fees of $8.1 million associated with the premium to call our outstanding senior unsecured notes due 2027 at 102%; (iii) $1.4 million of incremental accrued commitment fees associated with the increased borrowing capacity on our senior secured credit facility; and (iv) $0.6 million of interest payable removed associated with our senior secured credit facility.

REVENUES

Offshore pipeline transportation

Soda and sulfur services

Marine transportation

Onshore facilities and transportation

Total revenues

COSTS AND EXPENSES:

Offshore pipeline transportation operating costs

Soda and sulfur services operating costs

Marine transportation operating costs

Onshore facilities and transportation product costs

Onshore facilities and transportation operating costs

General and administrative

Depreciation, depletion, and amortization

Loss on sale of assets

Impairment expense

Total costs and expenses

OPERATING INCOME (LOSS)

Equity in earnings of equity investees

Interest expense, net

Other expense

Income (loss) from operations before income taxes

Income tax benefit (expense)

NET LOSS

Net income attributable to noncontrolling interests

NET LOSS ATTRIBUTABLE TO GENESIS ENERGY, L.P.

Less: Accumulated distributions attributable to Class A Convertible Preferred Units

NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS

Basic and Diluted Weighted Average Outstanding Common Units

Basic and Diluted Net Loss Per Common Unit

REVENUES

Offshore pipeline transportation

Soda and sulfur services

Marine transportation

Onshore facilities and transportation

Total revenues

COSTS AND EXPENSES:

Offshore pipeline transportation operating costs

Soda and sulfur services operating costs

Marine transportation operating costs

Onshore facilities and transportation product costs

Onshore facilities and transportation operating costs

General and administrative

Depreciation, depletion, and amortization

Total costs and expenses

OPERATING INCOME

Equity in earnings of equity investees

Interest expense, net

Other expense

Income from operations before income taxes

Income tax benefit (expense)

NET INCOME

Net income attributable to noncontrolling interests

NET INCOME ATTRIBUTABLE TO GENESIS ENERGY, L.P.

Less: Accumulated distributions and returns attributable to Class A Convertible Preferred Units

NET INCOME (LOSS) ATTRIBUTABLE TO COMMON UNITHOLDERS

Basic and Diluted Weighted Average Outstanding Common Units

Basic and Diluted Net Income (Loss) Per Common Unit

REVENUES

Offshore pipeline transportation

Soda and sulfur services

Marine transportation

Onshore facilities and transportation

Total revenues

COSTS AND EXPENSES:

Offshore pipeline transportation operating costs

Soda and sulfur services operating costs

Marine transportation operating costs

Onshore facilities and transportation product costs

Onshore facilities and transportation operating costs

General and administrative

Depreciation, depletion, and amortization

Gain on sale of assets

Total costs and expenses

OPERATING INCOME

Equity in earnings of equity investees

Interest expense, net

Other expense, net

Income (loss) from operations before income taxes

Income tax expense

NET INCOME (LOSS)

Net income attributable to noncontrolling interests

Net income attributable to redeemable noncontrolling interests

NET INCOME (LOSS) ATTRIBUTABLE TO GENESIS ENERGY, L.P.

Less: Accumulated distributions attributable to Class A Convertible Preferred Units

NET LOSS ATTRIBUTABLE TO COMMON UNITHOLDERS

Basic and Diluted Weighted Average Outstanding Common Units

Basic and Diluted Net Loss Per Common Unit

Historical Company adjustments reflect the removal of the historical Company results associated with the Alkali Business from the statements of operations for each period presented.

Adjustment to reflect the estimated transaction costs associated with the Divestiture.

Adjustment to reflect the loss on the Divestiture had it occurred on January 1, 2024, which represents the difference between the net proceeds received and the carrying value of our Alkali Business.

Adjustment to reduce interest expense for the following: (i) interest attributable to our senior secured credit facility of $25.3 million that was assumed to be paid off as of January 1, 2024; (ii) interest attributable to our outstanding senior unsecured notes due 2027 of $32.5 million that was assumed to be redeemed as of January 1, 2024; (iii) an adjustment of $1.4 million to increase the commitment fee on our senior secured credit facility for 2024 assuming we repaid the outstanding borrowings on January 1, 2024; and (iv) a reduction of interest expense of $0.5 million associated with historical amortization of the unamortized issuance costs and premium associated with our $406.3 million of our outstanding senior unsecured notes due 2027.

Adjustment to reflect the premium of $8.1 million to call our outstanding senior unsecured notes due 2027 on January 1, 2024 at 102%, and the related write-off of the unamortized debt issuance costs and premium of $1.5 million associated with the redemption of our senior unsecured notes due 2027.