Genesis Energy, L.P.

Genesis Energy, L.P.

GEL
Genesis Energy, L.P.US flagNew York Stock Exchange
15.85
USD
-0.33
- -
1.94BMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
49.25
42.71
21.81
15.1
16.69
23.76
20.24
14.89
17.34
22.75
14.05
13.56
13.31
14.97
Basic EPS, GAAP
1.03
1.18
4.1
1
0.5
-0.62
0.18
-4.01
-1.96
-0.04
0.22
-1.24
-4.19
0.2
Free Cash Flow per Basic Share
-2.44
-1.69
-2
-1.59
0.6
1.59
1.79
1.25
0.3
-0.73
-0.81
-1.59
0.54
2.77
Dividend per Share
2.01
2.23
2.49
2.73
2.65
2.1
2.55
1.61
1.21
1.21
1.37
1.33
1.24
1.18
Book Value per Share
12.38
12.94
18.45
18.06
22.21
20.01
18.15
13.13
11.63
11.95
10.95
9.01
1.94
-0.1
Tangible Book Value per Share
8
8.64
13.46
13.57
18.07
16.22
14.55
9.62
8.13
8.45
7.33
5.84
-1.14
-3.15
Basic Weighted Avg Shares
84
90
103
113
122
123
123
123
123
123
123
122
122
122
Sales/Revenue/Turnover
4,135
3,846
2,247
1,712
2,028
2,913
2,481
1,825
2,125
2,789
1,721
1,661
1,630
1,833
Operating Margin (%)
2.68
3.45
6.98
12.05
8.89
8.73
10.99
3.12
3.56
9.86
11.92
12.82
15.84
18.17
Depreciation Expense
65
91
150
222
252
313
320
295
310
296
280
313
251
242
Net Income, GAAP
86
106
423
113
83
-6
96
-417
-165
75
118
-64
-440
79
Effective Tax Rate (%)
1
2.61
0.94
2.92
- -
- -
0.65
- -
- -
2.4
0.96
- -
2.57
0.48
Profit Margin (%)
2.08
2.76
18.81
6.61
4.07
-0.21
3.87
-22.84
-7.77
2.71
6.84
-3.85
-27.01
4.29
Working Capital
89
-8
4
99
180
110
178
197
46
144
-3
53
-12
-100
LT Debt
1,284
1,581
2,922
3,091
3,698
3,432
3,429
3,394
2,980
3,464
3,753
3,728
3,047
3,104
Total Equity
1,098
1,229
2,021
2,120
2,715
2,442
2,346
1,750
1,980
1,775
1,711
1,516
708
453
Return on Invested Capital (%)
5.29
4.98
4.01
3.95
3.11
- -
4.65
- -
- -
5.27
3.8
- -
5.59
8.86
Return on Capital (%)
6.26
6.41
13.31
4.76
7.68
- -
5.32
- -
- -
4.76
5.72
- -
-5.32
7.52
Return on Common Equity (%)
8.55
9.13
25.94
5.45
2.5
-2.93
0.92
-25.63
-15.8
-0.32
1.92
-12.4
-76.56
-169.95

Capital Structure

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
- -
- -
100
LT Borrowings
3,047
3,176
3,104
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
122
122
122
Market Capitalization
1,910
2,184
1,732

Working Capital

FRC

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
687
703
1,299
Cash, Cash Equivalents & STI
6
4
39
Accounts Receivable, Net
608
629
1,190
Inventories
55
39
39
Total Current Liabilities
700
721
1,399
Payables & Accruals
700
721
1,300
ST Debt
- -
- -
100
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-7.19%
-13.11%
-53.29%
Free Cash Flow
-45.2%
-89.59%
-133.78%
Net Income, GAAP
-213.75%
56.86%
588.7%
Sales/Revenue/Turnover
0.11%
0.82%
-1.83%
Total Cash Common Dividend
-7.24%
-6.24%
5.41%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
434
430
397
726
1,661
2025
398
377
414
441
1,630
2026
447
532
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.09
-0.25
-0.32
-0.58
-1.24
2025
-4.06
-0.12
-0.05
0.04
-4.19
2026
-0.06
0.26
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.33
0.33
0.33
0.34
1.33
2025
0.39
0.29
0.29
0.29
1.24
2026
0.32
0.28
- -
- -
- -

Company Description

CEO
Grant E. Sims
Full Time Employees
1,046
Sector
Energy
Industry
Oil & Gas Midstream
Address
811 Louisiana Houston TX United States of America 77002
IPO Date
Nov 27, 1996
Business
Genesis Energy, L.P. (NYSE: GEL) is a diversified master limited partnership focused on the midstream segment of the crude oil and natural gas industry in the United States. The company provides an integrated suite of services including offshore pipeline transportation through approximately 2,400 miles of pipelines in the Central Gulf of Mexico that deliver crude oil, natural gas, and lower carbon intensive hydrocarbons from offshore reservoirs to refinery demand centers in Texas and Louisiana; marine transportation via a fleet of Jones Act-qualified inland and offshore boats and barges serving refineries and terminals along the U.S. Gulf Coast, East Coast, Canada, Great Lakes, Intracoastal Waterway, and Western River Systems; sulfur services through its TDC operations, which design, engineer, construct, and operate facilities to treat, process, and repurpose sour gas streams into bulk chemicals sold primarily to copper mining and pulp and paper industries; and onshore facilities and transportation encompassing pipelines, terminals, trucks, and rail unloading capabilities integrated with offshore assets to support refinery-centric crude oil logistics along the Gulf Coast. Founded in 1996 and headquartered at 811 Louisiana Street, Suite 1200, Houston, Texas, Genesis Energy primarily serves producers, refiners, petrochemical plants, and industrial customers in the energy sector. In March 2025, the company completed the sale of its soda ash manufacturing and related Alkali business to an affiliate of WE Soda for approximately $1.43 billion, enabling capital structure simplification, debt reduction, and a sharpened focus on core midstream energy operations. Recent strategic actions also include amendments to its credit agreement in February 2025 and an increased tender offer for its 8.0% Senior Notes due 2027 announced in December 2025 to further optimize its balance sheet amid strong offshore throughput growth targeting 120 thousand barrels per day.

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