Genesis Energy LP (NYSE:GEL) Q4 2022 Earnings Conference Call February 22, 2023 9:00 AM ET
Company Participants
Dwayne Morley - VP, Business Development & IR
Grant Sims - Chairman & CEO
Conference Call Participants
Torrey Schultz - RBC Capital Markets
Operator
Greetings, and welcome to the Genesis Energy LP Fourth Quarter 2022 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions].
It is now my pleasure to introduce your host, Dwayne Morley. Thank you, Mr. Morley, you may begin.
Dwayne Morley
Good morning. Welcome to the 2022 Fourth Quarter Conference Call for Genesis Energy. Genesis has 4 business segments. The Offshore Pipeline Transportation segment is engaged in providing the critical infrastructure to move oil produced from the long-lived world-class reservoirs from the deepwater Gulf of Mexico to onshore refining centers. Sodium Minerals and Sulfur Services segment includes trona and trona-based exploring, mining, processing, producing, marketing and selling activities as well as the processing of sour gas streams to remove sulfur at refining operations.
The Onshore Facilities and Transportation segment is engaged in the transportation, handling, blending, storage and supply of energy products, including crude oil and refined products. The Marine Transportation segment is engaged in the maritime transportation of primarily refined petroleum products. Genesis' operations are primarily located in Wyoming, the Gulf Coast states and the Gulf of Mexico.
During this conference call, management may be making forward-looking statements within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934. The law provides safe harbor protection to encourage companies to provide forward-looking information. Genesis intends to avail itself of those safe harbor provisions and directs you to its most recently filed and future filings with the Securities and Exchange Commission.
We also encourage you to visit our website at genesisenergy.com, where a copy of the press release we issued today is located. The press release also presents a reconciliation of non-GAAP financial measures to the most comparable GAAP financial measures. At this time, I would like to introduce Grant Sims, CEO of Genesis Energy, L.P. Mr. Sims will be joined by Bob Deere, Chief Financial Officer; and Ryan Sims, Senior Vice President, Finance and Corporate Development.
Grant Sims
Good morning to everyone, and thanks for listening in. Our market leading businesses continue to perform in line with or actually ahead of our internal expectations in the fourth quarter, especially since we experienced unplanned downtime from several of our offshore customer locations, which negatively affected the quarter by some $10 million.