Genesis Energy's digital projects remain on budget

Genesis Energy confirmed on August 26, 2025, that its Gen35 'Big Rock' digital projects are progressing on budget. Following investor inquiries, the company stated that total investment for these initiatives across the FY24 to FY27 period remains in line with previously communicated figures. The 'Big Rock' initiatives encompass significant upgrades, including the modernization of billing and CRM systems, improvements to General Ledger finance systems under the Powered Finance initiative, and enhancements to Wholesale Markets and Trading systems.

The total digital investment for the "Investor Day 2023" outlook was projected at 145 across all years (FY24-FY28), broken down into 127 for OPEX and 18 for CAPEX. The "Outlook 2026" also shows the total digital investment at 145 across all years, including 128 for OPEX and 17 for CAPEX. This indicates a consistent overall spend despite slight reallocations between CAPEX and OPEX, as well as across fiscal years.

Specifically, the "Investor Day 2023" outlook had FY27 investment at 14, with 12 for OPEX and 2 for CAPEX. The "Outlook 2026" for FY27 now shows a total digital investment of 22, with 20 for OPEX and 2 for CAPEX. For FY26, the "Investor Day 2023" projected 40 total investment (36 OPEX, 4 CAPEX), while the "Outlook 2026" shows 65 total investment (60 OPEX, 5 CAPEX). These figures demonstrate Genesis's commitment to transparent reporting and adherence to financial targets for its critical digital transformation.