CONSOLIDATED BALANCE SHEETS - USD ($)	Dec. 31, 2025	Dec. 31, 2024
CURRENT ASSETS:
Cash and cash equivalents	$ 6,437,000	$ 7,352,000
Accounts receivable—trade, net	608,221,000	479,504,000
Inventories	55,366,000	37,782,000
Other	17,442,000	18,789,000
Current assets held for discontinued operations	0	368,307,000
Total current assets	687,466,000	911,734,000
FIXED ASSETS, at cost	5,374,060,000	5,280,860,000
Less: Accumulated depreciation	(1,908,737,000)	(1,740,974,000)
Net fixed assets	3,465,323,000	3,539,886,000
EQUITY INVESTEES	218,631,000	240,368,000
INTANGIBLE ASSETS, net of amortization	75,606,000	85,287,000
GOODWILL	301,959,000	301,959,000
RIGHT OF USE ASSETS, net	57,670,000	65,739,000
OTHER ASSETS, net of amortization	54,048,000	53,606,000
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	1,839,113,000
TOTAL ASSETS	4,860,703,000	7,037,692,000
CURRENT LIABILITIES:
Accounts payable—trade	490,712,000	388,245,000
Accrued liabilities	208,980,000	254,202,000
Disposal Group, Including Discontinued Operation, Liabilities, Current	0	216,308,000
Total current liabilities	699,692,000	858,755,000
SENIOR SECURED CREDIT FACILITY	6,400,000	291,000,000
SENIOR UNSECURED NOTES, net of debt issuance costs, discount and premium	3,040,415,000	3,436,860,000
DEFERRED TAX LIABILITIES	17,405,000	16,575,000
OTHER LONG-TERM LIABILITIES	388,707,000	389,161,000
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	529,558,000
Total liabilities	4,152,619,000	5,521,909,000
MEZZANINE CAPITAL:
Class A Convertible Preferred Units, 15,695,722 and 23,111,918 issued and outstanding at December 31, 2025 and 2024, respectively	552,523,000	813,589,000
COMMITMENTS AND CONTINGENCIES (Note 21)
Common units issued (in units)	122,464,318	122,464,318
Common units outstanding (in units)	122,464,318	122,464,318
PARTNERS’ CAPITAL (DEFICIT):
Common unitholders, 122,464,318 units issued and outstanding at December 31, 2025 and 2024	$ (314,346,000)	$ 279,891,000
Accumulated other comprehensive income	0	9,486,000
Noncontrolling interests	469,907,000	412,817,000
Total partners’ capital	155,561,000	702,194,000
TOTAL LIABILITIES, MEZZANINE CAPITAL AND PARTNERS’ CAPITAL	$ 4,860,703,000	$ 7,037,692,000

GENESIS ENERGY LP 10-K