Genesis Energy, L.P. (GEL) 10-Year Financial Performance & Capital Metrics

GEL • • Industrial / General

EnergyMidstream Oil & GasIntegrated Midstream ServicesDiversified Midstream Operators

AboutGenesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment offers sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to ten refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. Its Onshore Facilities and Transportation segment offers onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates trucks, trailers, railcars, and terminals and tankage with 4.2 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil. It owns four onshore crude oil pipeline systems with approximately 450 miles of pipe in Alabama, Florida, Louisiana, Mississippi, and Texas; and four operational crude oil rail unloading facilities in Baton Rouge, Raceland, and Louisiana, as well as Walnut Hill, Florida and Natchez, Mississippi. Its Marine Transportation segment offers waterborne transportation of petroleum and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. The company was incorporated in 1996 and is headquartered in Houston, Texas.Show more

Revenue $2.97B -6.6%
EBITDA $526M -13.7%
Net Income -$64M -154.3%
EPS (Diluted) -1.24 -663.6%
Gross Margin 10.64% -14.5%
EBITDA Margin 17.74% -7.5%
Operating Margin 7.18% -30.7%
Net Margin -2.16% -158.2%
ROE -3.96% -158.7%
ROIC 2.77% -38.2%
Debt/Equity 2.87 +22.9%
Interest Coverage 0.74 -44.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.6%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Weak 3Y average ROE of 2.3%
✗Negative free cash flow

Price & Volume

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Growth Metrics

Revenue CAGR

10Y-2.56%

5Y3.64%

3Y11.75%

TTM-18.61%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-19367.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM-554.71%

ROCE

10Y Avg3.05%

5Y Avg2.39%

3Y Avg4.92%

Latest3.47%

Peer Comparison

Diversified Midstream Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WMBThe Williams Companies, Inc.	73.63B	60.29	33.13	-3.7%	20.64%	15.95%	3.26%	1.82
KMIKinder Morgan, Inc.	60.98B	27.41	23.43	-0.55%	16.62%	8.51%	4.93%	0.99
ENBEnbridge Inc.	102.19B	46.81	20.00	22.51%	9.38%	12.2%	5.55%	1.48
DKLDelek Logistics Partners, LP	2.59B	48.41	16.19	-7.82%	17%	9.41%	2.88%	53.11
ETEnergy Transfer LP	59.95B	17.46	13.64	5.2%	5.66%	9.58%	12.25%	1.30
MPLXMPLX Lp	56.93B	55.97	13.29	4.5%	39.71%	33.17%	8.59%	1.53
PBAPembina Pipeline Corporation	22.35B	38.47	12.82	16.63%	22.1%	10.45%	10.11%	0.76
TRPTC Energy Corporation	56.56B	54.33	12.26	3.8%	28.18%	9.32%	2.37%	1.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.25B	1.71B	2.03B	2.91B	2.48B	1.82B	2.13B	2.79B	3.18B	2.97B
Revenue Growth %	-0.42%	-0.24%	0.18%	0.44%	-0.15%	-0.26%	0.16%	0.31%	0.14%	-0.07%
Cost of Goods Sold+	2.02B	1.46B	1.78B	2.59B	2.16B	1.42B	1.99B	2.15B	2.78B	2.65B
COGS % of Revenue	0.9%	0.85%	0.88%	0.89%	0.87%	0.78%	0.94%	0.77%	0.88%	0.89%
Gross Profit+	221.86M	252.05M	246.66M	321.16M	325.39M	409.15M	136.88M	637.82M	395.2M	315.53M
Gross Margin %	0.1%	0.15%	0.12%	0.11%	0.13%	0.22%	0.06%	0.23%	0.12%	0.11%
Gross Profit Growth %	0.21%	0.14%	-0.02%	0.3%	0.01%	0.26%	-0.67%	3.66%	-0.38%	-0.2%
Operating Expenses+	65M	45.63M	66.42M	66.9M	52.69M	655.11M	61.19M	322.8M	65.78M	102.44M
OpEx % of Revenue	0.03%	0.03%	0.03%	0.02%	0.02%	0.36%	0.03%	0.12%	0.02%	0.03%
Selling, General & Admin	65M	45.63M	66.42M	66.9M	52.69M	57.34M	61.19M	66.6M	65.78M	59.43M
SG&A % of Revenue	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	597.78M	0	256.2M	0	43M
Operating Income+	156.87M	206.43M	220.55M	170.25M	272.7M	-245.96M	75.7M	315.01M	329.42M	213.1M
Operating Margin %	0.07%	0.12%	0.11%	0.06%	0.11%	-0.13%	0.04%	0.11%	0.1%	0.07%
Operating Income Growth %	0.18%	0.32%	0.07%	-0.23%	0.6%	-1.9%	1.31%	3.16%	0.05%	-0.35%
EBITDA+	307.01M	439.42M	484.04M	493.95M	592.51M	49.36M	385.44M	611.22M	609.61M	526.25M
EBITDA Margin %	0.14%	0.26%	0.24%	0.17%	0.24%	0.03%	0.18%	0.22%	0.19%	0.18%
EBITDA Growth %	0.37%	0.43%	0.1%	0.02%	0.2%	-0.92%	6.81%	0.59%	-0%	-0.14%
D&A (Non-Cash Add-back)	150.14M	233M	263.49M	323.7M	319.81M	295.32M	309.75M	296.2M	280.19M	313.16M
EBIT	518.9M	206.43M	254.88M	218.9M	320.16M	56.5M	97.36M	275.01M	381.45M	244.16M
Net Interest Income+	-100.6M	-139.95M	-176.76M	-229.19M	-219.44M	-209.78M	-233.72M	-226.16M	-244.66M	-287.24M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	100.6M	139.95M	176.76M	229.19M	219.44M	209.78M	233.72M	226.16M	244.66M	287.24M
Other Income/Expense	268.7M	-92M	-142.43M	-180.54M	-171.98M	-153.03M	-212.06M	-182.71M	-183.09M	-244.31M
Pretax Income+	425.57M	114.42M	78.12M	-10.29M	100.72M	-398.99M	-136.36M	132.3M	146.33M	-31.21M
Pretax Margin %	0.19%	0.07%	0.04%	-0%	0.04%	-0.22%	-0.06%	0.05%	0.05%	-0.01%
Income Tax+	3.99M	3.34M	-3.96M	1.5M	655K	1.33M	1.67M	3.17M	-19K	1.79M
Effective Tax Rate %	0.99%	0.99%	1.06%	0.59%	0.95%	1.04%	1.21%	0.57%	0.8%	2.05%
Net Income+	422.53M	113.25M	82.65M	-6.08M	96M	-416.68M	-165.07M	75.46M	117.72M	-63.95M
Net Margin %	0.19%	0.07%	0.04%	-0%	0.04%	-0.23%	-0.08%	0.03%	0.04%	-0.02%
Net Income Growth %	2.98%	-0.73%	-0.27%	-1.07%	16.8%	-5.34%	0.6%	1.46%	0.56%	-1.54%
Net Income (Continuing)	421.58M	111.08M	82.08M	-11.79M	100.07M	-400.31M	-138.03M	129.13M	146.35M	-33.01M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-8.35M	-10.28M	-8.08M	-11.2M	121.42M	140.08M	554.31M	310.16M	369.45M	412.82M
EPS (Diluted)+	4.09	1.00	0.50	-0.05	0.18	-3.27	-1.13	1.05	0.22	-1.24
EPS Growth %	2.47%	-0.76%	-0.5%	-1.1%	4.63%	-19.17%	0.65%	1.93%	-0.79%	-6.64%
EPS (Basic)	4.09	1.00	0.50	-0.05	0.18	-3.27	-1.13	1.05	0.22	-1.24
Diluted Shares Outstanding	103M	113.43M	121.55M	122.58M	122.58M	122.58M	122.58M	122.58M	122.53M	122.46M
Basic Shares Outstanding	103M	113.43M	121.55M	122.58M	122.58M	122.58M	122.58M	122.58M	122.54M	122.46M
Dividend Payout Ratio	0.61%	2.74%	3.89%	-	2.81%	-	-	0.97%	0.62%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	306.32M	359.57M	636.03M	443.28M	593.07M	580.17M	542.48M	853.05M	964.05M	911.73M
Cash & Short-Term Investments	10.89M	7.03M	9.04M	10.3M	65.7M	27.02M	24.99M	26.57M	28.04M	10.75M
Cash Only	10.89M	7.03M	9.04M	10.3M	56.41M	27.02M	24.99M	26.57M	28.04M	10.75M
Short-Term Investments	0	0	0	0	9.3M	0	0	0	0	0
Accounts Receivable	219.53M	224.68M	495.45M	323.46M	417M	392.46M	413.9M	721.57M	759.55M	745.76M
Days Sales Outstanding	35.67	47.89	89.15	40.53	61.35	78.51	71.08	94.43	87.26	91.77
Inventory	43.77M	98.59M	88.65M	73.53M	65.14M	99.88M	77.96M	78.14M	135.23M	110.74M
Days Inventory Outstanding	7.89	24.64	18.16	10.36	11.03	25.75	14.31	13.26	17.74	15.25
Other Current Assets	32.11M	29.27M	42.89M	35.99M	45.23M	60.81M	25.64M	26.77M	41.23M	44.49M
Total Non-Current Assets+	5.15B	5.34B	6.51B	6.04B	6.02B	5.37B	5.38B	5.53B	6.11B	6.13B
Property, Plant & Equipment	3.93B	4.21B	5.43B	4.98B	5.03B	4.56B	4.6B	4.77B	5.31B	5.43B
Fixed Asset Turnover	0.57x	0.41x	0.37x	0.59x	0.49x	0.40x	0.46x	0.59x	0.60x	0.55x
Goodwill	325.05M	325.05M	325.05M	301.96M	301.96M	301.96M	301.96M	301.96M	301.96M	301.96M
Intangible Assets	223.45M	204.89M	182.41M	162.6M	138.93M	128.74M	127.06M	127.32M	141.54M	97.28M
Long-Term Investments	614.12M	541.62M	506.83M	472.01M	496.46M	331.13M	294.05M	284.49M	264.69M	240.37M
Other Non-Current Assets	58.69M	56.61M	64.85M	121.71M	39.85M	33.78M	38.26M	32.21M	37.38M	55.1M
Total Assets+	5.46B	5.7B	7.15B	6.48B	6.61B	5.95B	5.92B	6.38B	7.07B	7.04B
Asset Turnover	0.41x	0.30x	0.28x	0.45x	0.38x	0.31x	0.36x	0.44x	0.45x	0.42x
Asset Growth %	0.69%	0.04%	0.25%	-0.09%	0.02%	-0.1%	-0%	0.08%	0.11%	-0%
Total Current Liabilities+	302.14M	260.8M	456.26M	332.83M	415.5M	383.41M	496.94M	709.11M	967.45M	858.75M
Accounts Payable	140.73M	119.84M	270.86M	127.33M	218.74M	198.43M	264.32M	427.96M	588.92M	491.07M
Days Payables Outstanding	25.37	29.95	55.49	17.93	37.04	51.17	48.51	72.62	77.27	67.62
Short-Term Debt	0	0	0	0	28.41M	23.35M	19.97M	17.98M	29.87M	13.1M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	168.35M	161.63M	210.04M	245.19M	337.19M	31.77M
Current Ratio	1.01x	1.38x	1.39x	1.33x	1.43x	1.51x	1.09x	1.20x	1.00x	1.06x
Quick Ratio	0.87x	1.00x	1.20x	1.11x	1.27x	1.25x	0.93x	1.09x	0.86x	0.93x
Cash Conversion Cycle	18.19	42.58	51.83	32.96	35.34	53.09	36.87	35.08	27.73	39.4
Total Non-Current Liabilities+	3.14B	3.32B	3.97B	3.7B	3.85B	3.81B	3.44B	3.9B	4.39B	4.66B
Long-Term Debt	2.92B	3.09B	3.7B	3.43B	3.43B	3.39B	2.98B	3.46B	3.75B	4.11B
Capital Lease Obligations	0	0	0	0	144.91M	131.62M	121.85M	113.84M	214.95M	204.93M
Deferred Tax Liabilities	22.59M	25.89M	20.13M	12.58M	23.95M	26.85M	28.99M	30.83M	68.31M	0
Other Non-Current Liabilities	192.07M	204.48M	256.57M	259.2M	248.94M	261.39M	294.04M	222.29M	242.52M	351.07M
Total Liabilities	3.44B	3.58B	4.43B	4.04B	4.26B	4.2B	3.94B	4.6B	5.36B	5.52B
Total Debt+	2.92B	3.09B	3.7B	3.43B	3.6B	3.55B	3.12B	3.6B	4B	4.35B
Net Debt	2.91B	3.08B	3.69B	3.42B	3.55B	3.52B	3.1B	3.57B	3.97B	4.34B
Debt / Equity	0.88x	175.15x	736.97x	1.41x	1.54x	2.03x	1.58x	2.03x	2.34x	2.87x
Debt / EBITDA	9.52x	7.04x	7.64x	6.95x	6.08x	71.89x	8.10x	5.88x	6.56x	8.27x
Net Debt / EBITDA	9.48x	7.02x	7.62x	6.93x	5.98x	71.34x	8.03x	5.84x	6.51x	8.25x
Interest Coverage	1.56x	1.48x	1.25x	0.74x	1.24x	-1.17x	0.32x	1.39x	1.35x	0.74x
Total Equity+	3.32B	17.65M	5.02M	2.43B	2.35B	1.75B	1.98B	1.78B	1.71B	1.52B
Equity Growth %	0.85%	-0.99%	-0.72%	483.4%	-0.03%	-0.25%	0.13%	-0.1%	-0.04%	-0.11%
Book Value per Share	32.23	0.16	0.04	19.83	19.14	14.28	16.15	14.48	13.96	12.38
Total Shareholders' Equity	3.33B	27.93M	13.1M	2.44B	2.23B	1.61B	1.43B	1.47B	1.34B	1.1B
Common Stock	2.03B	2.13B	2.03B	1.69B	1.44B	829.33M	641.31M	567.28M	519.7M	279.89M
Retained Earnings	0	0	-2.72B	-10.33M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-378.25M	-548.53M	-604K	939K	-8.43M	-9.37M	-5.61M	6.11M	8.04M	9.49M
Minority Interest	-8.35M	-10.28M	-8.08M	-11.2M	121.42M	140.08M	554.31M	310.16M	369.45M	412.82M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	289.54M	298.34M	338.86M	390.04M	382.29M	296.75M	337.95M	334.39M	521.13M	391.93M
Operating CF Margin %	0.13%	0.17%	0.17%	0.13%	0.15%	0.16%	0.16%	0.12%	0.16%	0.13%
Operating CF Growth %	-0.01%	0.03%	0.14%	0.15%	-0.02%	-0.22%	0.14%	-0.01%	0.56%	-0.25%
Net Income	421.58M	111.08M	82.08M	-11.79M	100.07M	-400.31M	-138.03M	129.13M	117.72M	-33.01M
Depreciation & Amortization	150.14M	222.2M	15.9M	16.49M	331.99M	571.78M	339.63M	296.2M	292.23M	313.16M
Stock-Based Compensation	5.01M	6.56M	-5.78M	3.94M	8.5M	-3.69M	8.78M	17.81M	25.38M	5.23M
Deferred Taxes	2.96M	2.14M	-4.06M	663K	65K	512K	980K	2.35M	-624K	291K
Other Non-Cash Items	-295.54M	47.01M	240.55M	382.89M	12.77M	89.83M	96.55M	-23.29M	82.25M	75.19M
Working Capital Changes	5.37M	-90.65M	10.16M	-2.15M	-71.1M	38.63M	30.04M	-87.82M	4.17M	31.06M
Change in Receivables	99.38M	-9.86M	-140.95M	130.57M	-80.13M	88.12M	-75.17M	-261.85M	159.43M	17.51M
Change in Inventory	3.81M	-54.36M	49.05M	20.96M	7.66M	-34.74M	20.37M	2.09M	0	38.82M
Change in Payables	-101.58M	-17.43M	97.57M	-130.99M	81.92M	-9.74M	44.12M	152.14M	-135.29M	434K
Cash from Investing+	-1.99B	-450.31M	-1.47B	140.69M	-140.81M	-103.76M	-274.12M	-374.52M	-593.65M	-552.16M
Capital Expenditures	-495.77M	-463.1M	-250.59M	-195.37M	-163.25M	-144.13M	-301.39M	-424.19M	-620.02M	-587.14M
CapEx % of Revenue	0.22%	0.27%	0.12%	0.07%	0.07%	0.08%	0.14%	0.15%	0.2%	0.2%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	29.66M	38.19M	106.13M	339.08M	15.6M	14.99M	27.63M	59.98M	26.37M	34.98M
Cash from Financing+	1.7B	148.1M	1.14B	-529.47M	-195.37M	-222.38M	-65.86M	41.7M	73.99M	161.74M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-256.39M	-310.04M	-321.88M	-257.42M	-313.18M	-197.32M	-148.28M	-148.28M	-167.46M	-162.89M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-30.33M	-3.08M	-23.2M	2.21M	5.71M	-24.36M	405.51M	-13.55M	-68.2M	-29.54M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-206.24M	-164.76M	88.27M	194.67M	219.04M	152.61M	36.56M	-89.8M	-98.89M	-195.21M
FCF Margin %	-0.09%	-0.1%	0.04%	0.07%	0.09%	0.08%	0.02%	-0.03%	-0.03%	-0.07%
FCF Growth %	-0.35%	0.2%	1.54%	1.21%	0.13%	-0.3%	-0.76%	-3.46%	-0.1%	-0.97%
FCF per Share	-2.00	-1.45	0.73	1.59	1.79	1.25	0.30	-0.73	-0.81	-1.59
FCF Conversion (FCF/Net Income)	0.69x	2.63x	4.10x	-64.20x	3.98x	-0.71x	-2.05x	4.43x	4.43x	-6.13x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.51%	6.79%	729.2%	-0.5%	4.02%	-20.34%	-8.85%	4.02%	6.75%	-3.96%
Return on Invested Capital (ROIC)	2.45%	3.32%	4.87%	2.67%	3.48%	-3.3%	1.1%	4.53%	4.48%	2.77%
Gross Margin	9.88%	14.72%	12.16%	11.03%	13.12%	22.42%	6.44%	22.87%	12.44%	10.64%
Net Margin	18.81%	6.61%	4.07%	-0.21%	3.87%	-22.84%	-7.77%	2.71%	3.71%	-2.16%
Debt / Equity	0.88x	175.15x	736.97x	1.41x	1.54x	2.03x	1.58x	2.03x	2.34x	2.87x
Interest Coverage	1.56x	1.48x	1.25x	0.74x	1.24x	-1.17x	0.32x	1.39x	1.35x	0.74x
FCF Conversion	0.69x	2.63x	4.10x	-64.20x	3.98x	-0.71x	-2.05x	4.43x	4.43x	-6.13x
Revenue Growth	-41.59%	-23.77%	18.45%	43.6%	-14.83%	-26.45%	16.49%	31.22%	13.91%	-6.63%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product Sales	-	-	-	-	-	-	-	-	2.32B	2.09B
Product Sales Growth	-	-	-	-	-	-	-	-	-	-9.66%
Refinery Services	355.76M	343.01M	-	-	-	-	-	-	95.05M	79.36M
Refinery Services Growth	-	-3.59%	-	-	-	-	-	-	-	-16.51%
Sodium Minerals and Sulfur Services	-	-	925.24M	1.17B	1.11B	877.77M	964.63M	1.25B	-	-
Sodium Minerals and Sulfur Services Growth	-	-	-	26.93%	-5.83%	-20.63%	9.90%	29.38%	-	-
Marine Transportation	477.51M	426.04M	410.57M	219.94M	235.65M	210.26M	190.83M	293.3M	-	-
Marine Transportation Growth	-	-10.78%	-3.63%	-46.43%	7.14%	-10.77%	-9.24%	53.70%	-	-
Onshore Facilities and Transportation	-	-	2.08B	1.23B	821.07M	-	-	-	-	-
Onshore Facilities and Transportation Growth	-	-	-	-40.81%	-33.45%	-	-	-	-	-
Offshore Pipeline Transportation	280.46M	669.36M	636.48M	284.54M	318.12M	-	-	-	-	-
Offshore Pipeline Transportation Growth	-	138.66%	-4.91%	-55.29%	11.80%	-	-	-	-	-
Supply And Logistics	3.23B	1.99B	-	-	-	-	-	-	-	-
Supply And Logistics Growth	-	-38.40%	-	-	-	-	-	-	-	-
Onshore Pipeline Transportation	154.18M	-	-	-	-	-	-	-	-	-
Onshore Pipeline Transportation Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Genesis Energy, L.P. (GEL) reported $1.92B in revenue for fiscal year 2024. This represents a 38% decrease from $3.09B in 2011.

Genesis Energy, L.P. (GEL) saw revenue decline by 6.6% over the past year.

Genesis Energy, L.P. (GEL) reported a net loss of $509.7M for fiscal year 2024.

Dividend & Returns

Yes, Genesis Energy, L.P. (GEL) pays a dividend with a yield of 3.62%. This makes it attractive for income-focused investors.

Genesis Energy, L.P. (GEL) has a return on equity (ROE) of -4.0%. Negative ROE indicates the company is unprofitable.

Genesis Energy, L.P. (GEL) had negative free cash flow of $41.2M in fiscal year 2024, likely due to heavy capital investments.

US Stock Screener

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Genesis Energy, L.P. (GEL) 10-Year Financial Performance & Capital Metrics

GEL • • Industrial / General

EnergyMidstream Oil & GasIntegrated Midstream ServicesDiversified Midstream Operators

Revenue $2.97B -6.6%
EBITDA $526M -13.7%
Net Income -$64M -154.3%
EPS (Diluted) -1.24 -663.6%
Gross Margin 10.64% -14.5%
EBITDA Margin 17.74% -7.5%
Operating Margin 7.18% -30.7%
Net Margin -2.16% -158.2%
ROE -3.96% -158.7%
ROIC 2.77% -38.2%
Debt/Equity 2.87 +22.9%
Interest Coverage 0.74 -44.9%

Technical Analysis

Key Insights

Based on financial data analysis

✓Strengths

✓Healthy dividend yield of 3.6%
✓Trading near 52-week high
✓Trading at only 1.4x book value

✗Weaknesses

✗High debt to equity ratio of 2.9x
✗Weak 3Y average ROE of 2.3%
✗Negative free cash flow

Price & Volume

Loading chart...

Growth Metrics

Revenue CAGR

10Y-2.56%

5Y3.64%

3Y11.75%

TTM-18.61%

Profit (Net Income) CAGR

10Y-

5Y-

3Y-

TTM-19367.27%

EPS CAGR

10Y-

5Y-

3Y-

TTM-554.71%

ROCE

10Y Avg3.05%

5Y Avg2.39%

3Y Avg4.92%

Latest3.47%

Peer Comparison

Diversified Midstream Operators

Name	Market Cap	Current Price	P/E Ratio	Revenue Growth 1Y	Net Margin	ROE	FCF Yield	Debt/Equity
WMBThe Williams Companies, Inc.	73.63B	60.29	33.13	-3.7%	20.64%	15.95%	3.26%	1.82
KMIKinder Morgan, Inc.	60.98B	27.41	23.43	-0.55%	16.62%	8.51%	4.93%	0.99
ENBEnbridge Inc.	102.19B	46.81	20.00	22.51%	9.38%	12.2%	5.55%	1.48
DKLDelek Logistics Partners, LP	2.59B	48.41	16.19	-7.82%	17%	9.41%	2.88%	53.11
ETEnergy Transfer LP	59.95B	17.46	13.64	5.2%	5.66%	9.58%	12.25%	1.30
MPLXMPLX Lp	56.93B	55.97	13.29	4.5%	39.71%	33.17%	8.59%	1.53
PBAPembina Pipeline Corporation	22.35B	38.47	12.82	16.63%	22.1%	10.45%	10.11%	0.76
TRPTC Energy Corporation	56.56B	54.33	12.26	3.8%	28.18%	9.32%	2.37%	1.56

Profit & Loss

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Sales/Revenue+	2.25B	1.71B	2.03B	2.91B	2.48B	1.82B	2.13B	2.79B	3.18B	2.97B
Revenue Growth %	-0.42%	-0.24%	0.18%	0.44%	-0.15%	-0.26%	0.16%	0.31%	0.14%	-0.07%
Cost of Goods Sold+	2.02B	1.46B	1.78B	2.59B	2.16B	1.42B	1.99B	2.15B	2.78B	2.65B
COGS % of Revenue	0.9%	0.85%	0.88%	0.89%	0.87%	0.78%	0.94%	0.77%	0.88%	0.89%
Gross Profit+	221.86M	252.05M	246.66M	321.16M	325.39M	409.15M	136.88M	637.82M	395.2M	315.53M
Gross Margin %	0.1%	0.15%	0.12%	0.11%	0.13%	0.22%	0.06%	0.23%	0.12%	0.11%
Gross Profit Growth %	0.21%	0.14%	-0.02%	0.3%	0.01%	0.26%	-0.67%	3.66%	-0.38%	-0.2%
Operating Expenses+	65M	45.63M	66.42M	66.9M	52.69M	655.11M	61.19M	322.8M	65.78M	102.44M
OpEx % of Revenue	0.03%	0.03%	0.03%	0.02%	0.02%	0.36%	0.03%	0.12%	0.02%	0.03%
Selling, General & Admin	65M	45.63M	66.42M	66.9M	52.69M	57.34M	61.19M	66.6M	65.78M	59.43M
SG&A % of Revenue	0.03%	0.03%	0.03%	0.02%	0.02%	0.03%	0.03%	0.02%	0.02%	0.02%
Research & Development	0	0	0	0	0	0	0	0	0	0
R&D % of Revenue	-	-	-	-	-	-	-	-	-	-
Other Operating Expenses	0	0	0	0	0	597.78M	0	256.2M	0	43M
Operating Income+	156.87M	206.43M	220.55M	170.25M	272.7M	-245.96M	75.7M	315.01M	329.42M	213.1M
Operating Margin %	0.07%	0.12%	0.11%	0.06%	0.11%	-0.13%	0.04%	0.11%	0.1%	0.07%
Operating Income Growth %	0.18%	0.32%	0.07%	-0.23%	0.6%	-1.9%	1.31%	3.16%	0.05%	-0.35%
EBITDA+	307.01M	439.42M	484.04M	493.95M	592.51M	49.36M	385.44M	611.22M	609.61M	526.25M
EBITDA Margin %	0.14%	0.26%	0.24%	0.17%	0.24%	0.03%	0.18%	0.22%	0.19%	0.18%
EBITDA Growth %	0.37%	0.43%	0.1%	0.02%	0.2%	-0.92%	6.81%	0.59%	-0%	-0.14%
D&A (Non-Cash Add-back)	150.14M	233M	263.49M	323.7M	319.81M	295.32M	309.75M	296.2M	280.19M	313.16M
EBIT	518.9M	206.43M	254.88M	218.9M	320.16M	56.5M	97.36M	275.01M	381.45M	244.16M
Net Interest Income+	-100.6M	-139.95M	-176.76M	-229.19M	-219.44M	-209.78M	-233.72M	-226.16M	-244.66M	-287.24M
Interest Income	0	0	0	0	0	0	0	0	0	0
Interest Expense	100.6M	139.95M	176.76M	229.19M	219.44M	209.78M	233.72M	226.16M	244.66M	287.24M
Other Income/Expense	268.7M	-92M	-142.43M	-180.54M	-171.98M	-153.03M	-212.06M	-182.71M	-183.09M	-244.31M
Pretax Income+	425.57M	114.42M	78.12M	-10.29M	100.72M	-398.99M	-136.36M	132.3M	146.33M	-31.21M
Pretax Margin %	0.19%	0.07%	0.04%	-0%	0.04%	-0.22%	-0.06%	0.05%	0.05%	-0.01%
Income Tax+	3.99M	3.34M	-3.96M	1.5M	655K	1.33M	1.67M	3.17M	-19K	1.79M
Effective Tax Rate %	0.99%	0.99%	1.06%	0.59%	0.95%	1.04%	1.21%	0.57%	0.8%	2.05%
Net Income+	422.53M	113.25M	82.65M	-6.08M	96M	-416.68M	-165.07M	75.46M	117.72M	-63.95M
Net Margin %	0.19%	0.07%	0.04%	-0%	0.04%	-0.23%	-0.08%	0.03%	0.04%	-0.02%
Net Income Growth %	2.98%	-0.73%	-0.27%	-1.07%	16.8%	-5.34%	0.6%	1.46%	0.56%	-1.54%
Net Income (Continuing)	421.58M	111.08M	82.08M	-11.79M	100.07M	-400.31M	-138.03M	129.13M	146.35M	-33.01M
Discontinued Operations	0	0	0	0	0	0	0	0	0	0
Minority Interest	-8.35M	-10.28M	-8.08M	-11.2M	121.42M	140.08M	554.31M	310.16M	369.45M	412.82M
EPS (Diluted)+	4.09	1.00	0.50	-0.05	0.18	-3.27	-1.13	1.05	0.22	-1.24
EPS Growth %	2.47%	-0.76%	-0.5%	-1.1%	4.63%	-19.17%	0.65%	1.93%	-0.79%	-6.64%
EPS (Basic)	4.09	1.00	0.50	-0.05	0.18	-3.27	-1.13	1.05	0.22	-1.24
Diluted Shares Outstanding	103M	113.43M	121.55M	122.58M	122.58M	122.58M	122.58M	122.58M	122.53M	122.46M
Basic Shares Outstanding	103M	113.43M	121.55M	122.58M	122.58M	122.58M	122.58M	122.58M	122.54M	122.46M
Dividend Payout Ratio	0.61%	2.74%	3.89%	-	2.81%	-	-	0.97%	0.62%	-

Balance Sheet

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Total Current Assets+	306.32M	359.57M	636.03M	443.28M	593.07M	580.17M	542.48M	853.05M	964.05M	911.73M
Cash & Short-Term Investments	10.89M	7.03M	9.04M	10.3M	65.7M	27.02M	24.99M	26.57M	28.04M	10.75M
Cash Only	10.89M	7.03M	9.04M	10.3M	56.41M	27.02M	24.99M	26.57M	28.04M	10.75M
Short-Term Investments	0	0	0	0	9.3M	0	0	0	0	0
Accounts Receivable	219.53M	224.68M	495.45M	323.46M	417M	392.46M	413.9M	721.57M	759.55M	745.76M
Days Sales Outstanding	35.67	47.89	89.15	40.53	61.35	78.51	71.08	94.43	87.26	91.77
Inventory	43.77M	98.59M	88.65M	73.53M	65.14M	99.88M	77.96M	78.14M	135.23M	110.74M
Days Inventory Outstanding	7.89	24.64	18.16	10.36	11.03	25.75	14.31	13.26	17.74	15.25
Other Current Assets	32.11M	29.27M	42.89M	35.99M	45.23M	60.81M	25.64M	26.77M	41.23M	44.49M
Total Non-Current Assets+	5.15B	5.34B	6.51B	6.04B	6.02B	5.37B	5.38B	5.53B	6.11B	6.13B
Property, Plant & Equipment	3.93B	4.21B	5.43B	4.98B	5.03B	4.56B	4.6B	4.77B	5.31B	5.43B
Fixed Asset Turnover	0.57x	0.41x	0.37x	0.59x	0.49x	0.40x	0.46x	0.59x	0.60x	0.55x
Goodwill	325.05M	325.05M	325.05M	301.96M	301.96M	301.96M	301.96M	301.96M	301.96M	301.96M
Intangible Assets	223.45M	204.89M	182.41M	162.6M	138.93M	128.74M	127.06M	127.32M	141.54M	97.28M
Long-Term Investments	614.12M	541.62M	506.83M	472.01M	496.46M	331.13M	294.05M	284.49M	264.69M	240.37M
Other Non-Current Assets	58.69M	56.61M	64.85M	121.71M	39.85M	33.78M	38.26M	32.21M	37.38M	55.1M
Total Assets+	5.46B	5.7B	7.15B	6.48B	6.61B	5.95B	5.92B	6.38B	7.07B	7.04B
Asset Turnover	0.41x	0.30x	0.28x	0.45x	0.38x	0.31x	0.36x	0.44x	0.45x	0.42x
Asset Growth %	0.69%	0.04%	0.25%	-0.09%	0.02%	-0.1%	-0%	0.08%	0.11%	-0%
Total Current Liabilities+	302.14M	260.8M	456.26M	332.83M	415.5M	383.41M	496.94M	709.11M	967.45M	858.75M
Accounts Payable	140.73M	119.84M	270.86M	127.33M	218.74M	198.43M	264.32M	427.96M	588.92M	491.07M
Days Payables Outstanding	25.37	29.95	55.49	17.93	37.04	51.17	48.51	72.62	77.27	67.62
Short-Term Debt	0	0	0	0	28.41M	23.35M	19.97M	17.98M	29.87M	13.1M
Deferred Revenue (Current)	0	1000K	1000K	1000K	0	0	1000K	1000K	1000K	1000K
Other Current Liabilities	0	0	0	0	168.35M	161.63M	210.04M	245.19M	337.19M	31.77M
Current Ratio	1.01x	1.38x	1.39x	1.33x	1.43x	1.51x	1.09x	1.20x	1.00x	1.06x
Quick Ratio	0.87x	1.00x	1.20x	1.11x	1.27x	1.25x	0.93x	1.09x	0.86x	0.93x
Cash Conversion Cycle	18.19	42.58	51.83	32.96	35.34	53.09	36.87	35.08	27.73	39.4
Total Non-Current Liabilities+	3.14B	3.32B	3.97B	3.7B	3.85B	3.81B	3.44B	3.9B	4.39B	4.66B
Long-Term Debt	2.92B	3.09B	3.7B	3.43B	3.43B	3.39B	2.98B	3.46B	3.75B	4.11B
Capital Lease Obligations	0	0	0	0	144.91M	131.62M	121.85M	113.84M	214.95M	204.93M
Deferred Tax Liabilities	22.59M	25.89M	20.13M	12.58M	23.95M	26.85M	28.99M	30.83M	68.31M	0
Other Non-Current Liabilities	192.07M	204.48M	256.57M	259.2M	248.94M	261.39M	294.04M	222.29M	242.52M	351.07M
Total Liabilities	3.44B	3.58B	4.43B	4.04B	4.26B	4.2B	3.94B	4.6B	5.36B	5.52B
Total Debt+	2.92B	3.09B	3.7B	3.43B	3.6B	3.55B	3.12B	3.6B	4B	4.35B
Net Debt	2.91B	3.08B	3.69B	3.42B	3.55B	3.52B	3.1B	3.57B	3.97B	4.34B
Debt / Equity	0.88x	175.15x	736.97x	1.41x	1.54x	2.03x	1.58x	2.03x	2.34x	2.87x
Debt / EBITDA	9.52x	7.04x	7.64x	6.95x	6.08x	71.89x	8.10x	5.88x	6.56x	8.27x
Net Debt / EBITDA	9.48x	7.02x	7.62x	6.93x	5.98x	71.34x	8.03x	5.84x	6.51x	8.25x
Interest Coverage	1.56x	1.48x	1.25x	0.74x	1.24x	-1.17x	0.32x	1.39x	1.35x	0.74x
Total Equity+	3.32B	17.65M	5.02M	2.43B	2.35B	1.75B	1.98B	1.78B	1.71B	1.52B
Equity Growth %	0.85%	-0.99%	-0.72%	483.4%	-0.03%	-0.25%	0.13%	-0.1%	-0.04%	-0.11%
Book Value per Share	32.23	0.16	0.04	19.83	19.14	14.28	16.15	14.48	13.96	12.38
Total Shareholders' Equity	3.33B	27.93M	13.1M	2.44B	2.23B	1.61B	1.43B	1.47B	1.34B	1.1B
Common Stock	2.03B	2.13B	2.03B	1.69B	1.44B	829.33M	641.31M	567.28M	519.7M	279.89M
Retained Earnings	0	0	-2.72B	-10.33M	0	0	0	0	0	0
Treasury Stock	0	0	0	0	0	0	0	0	0	0
Accumulated OCI	-378.25M	-548.53M	-604K	939K	-8.43M	-9.37M	-5.61M	6.11M	8.04M	9.49M
Minority Interest	-8.35M	-10.28M	-8.08M	-11.2M	121.42M	140.08M	554.31M	310.16M	369.45M	412.82M

Cash Flow

	Dec 2015	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024
Cash from Operations+	289.54M	298.34M	338.86M	390.04M	382.29M	296.75M	337.95M	334.39M	521.13M	391.93M
Operating CF Margin %	0.13%	0.17%	0.17%	0.13%	0.15%	0.16%	0.16%	0.12%	0.16%	0.13%
Operating CF Growth %	-0.01%	0.03%	0.14%	0.15%	-0.02%	-0.22%	0.14%	-0.01%	0.56%	-0.25%
Net Income	421.58M	111.08M	82.08M	-11.79M	100.07M	-400.31M	-138.03M	129.13M	117.72M	-33.01M
Depreciation & Amortization	150.14M	222.2M	15.9M	16.49M	331.99M	571.78M	339.63M	296.2M	292.23M	313.16M
Stock-Based Compensation	5.01M	6.56M	-5.78M	3.94M	8.5M	-3.69M	8.78M	17.81M	25.38M	5.23M
Deferred Taxes	2.96M	2.14M	-4.06M	663K	65K	512K	980K	2.35M	-624K	291K
Other Non-Cash Items	-295.54M	47.01M	240.55M	382.89M	12.77M	89.83M	96.55M	-23.29M	82.25M	75.19M
Working Capital Changes	5.37M	-90.65M	10.16M	-2.15M	-71.1M	38.63M	30.04M	-87.82M	4.17M	31.06M
Change in Receivables	99.38M	-9.86M	-140.95M	130.57M	-80.13M	88.12M	-75.17M	-261.85M	159.43M	17.51M
Change in Inventory	3.81M	-54.36M	49.05M	20.96M	7.66M	-34.74M	20.37M	2.09M	0	38.82M
Change in Payables	-101.58M	-17.43M	97.57M	-130.99M	81.92M	-9.74M	44.12M	152.14M	-135.29M	434K
Cash from Investing+	-1.99B	-450.31M	-1.47B	140.69M	-140.81M	-103.76M	-274.12M	-374.52M	-593.65M	-552.16M
Capital Expenditures	-495.77M	-463.1M	-250.59M	-195.37M	-163.25M	-144.13M	-301.39M	-424.19M	-620.02M	-587.14M
CapEx % of Revenue	0.22%	0.27%	0.12%	0.07%	0.07%	0.08%	0.14%	0.15%	0.2%	0.2%
Acquisitions	-	-	-	-	-	-	-	-	-	-
Investments	-	-	-	-	-	-	-	-	-	-
Other Investing	29.66M	38.19M	106.13M	339.08M	15.6M	14.99M	27.63M	59.98M	26.37M	34.98M
Cash from Financing+	1.7B	148.1M	1.14B	-529.47M	-195.37M	-222.38M	-65.86M	41.7M	73.99M	161.74M
Debt Issued (Net)	-	-	-	-	-	-	-	-	-	-
Equity Issued (Net)	-	-	-	-	-	-	-	-	-	-
Dividends Paid	-256.39M	-310.04M	-321.88M	-257.42M	-313.18M	-197.32M	-148.28M	-148.28M	-167.46M	-162.89M
Share Repurchases	-	-	-	-	-	-	-	-	-	-
Other Financing	-30.33M	-3.08M	-23.2M	2.21M	5.71M	-24.36M	405.51M	-13.55M	-68.2M	-29.54M
Net Change in Cash	-	-	-	-	-	-	-	-	-	-
Free Cash Flow+	-206.24M	-164.76M	88.27M	194.67M	219.04M	152.61M	36.56M	-89.8M	-98.89M	-195.21M
FCF Margin %	-0.09%	-0.1%	0.04%	0.07%	0.09%	0.08%	0.02%	-0.03%	-0.03%	-0.07%
FCF Growth %	-0.35%	0.2%	1.54%	1.21%	0.13%	-0.3%	-0.76%	-3.46%	-0.1%	-0.97%
FCF per Share	-2.00	-1.45	0.73	1.59	1.79	1.25	0.30	-0.73	-0.81	-1.59
FCF Conversion (FCF/Net Income)	0.69x	2.63x	4.10x	-64.20x	3.98x	-0.71x	-2.05x	4.43x	4.43x	-6.13x
Interest Paid	0	0	0	0	0	0	0	0	0	0
Taxes Paid	0	0	0	0	0	0	0	0	0	0

Key Ratios

Metric	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Return on Equity (ROE)	16.51%	6.79%	729.2%	-0.5%	4.02%	-20.34%	-8.85%	4.02%	6.75%	-3.96%
Return on Invested Capital (ROIC)	2.45%	3.32%	4.87%	2.67%	3.48%	-3.3%	1.1%	4.53%	4.48%	2.77%
Gross Margin	9.88%	14.72%	12.16%	11.03%	13.12%	22.42%	6.44%	22.87%	12.44%	10.64%
Net Margin	18.81%	6.61%	4.07%	-0.21%	3.87%	-22.84%	-7.77%	2.71%	3.71%	-2.16%
Debt / Equity	0.88x	175.15x	736.97x	1.41x	1.54x	2.03x	1.58x	2.03x	2.34x	2.87x
Interest Coverage	1.56x	1.48x	1.25x	0.74x	1.24x	-1.17x	0.32x	1.39x	1.35x	0.74x
FCF Conversion	0.69x	2.63x	4.10x	-64.20x	3.98x	-0.71x	-2.05x	4.43x	4.43x	-6.13x
Revenue Growth	-41.59%	-23.77%	18.45%	43.6%	-14.83%	-26.45%	16.49%	31.22%	13.91%	-6.63%

Revenue by Segment

	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Product Sales	-	-	-	-	-	-	-	-	2.32B	2.09B
Product Sales Growth	-	-	-	-	-	-	-	-	-	-9.66%
Refinery Services	355.76M	343.01M	-	-	-	-	-	-	95.05M	79.36M
Refinery Services Growth	-	-3.59%	-	-	-	-	-	-	-	-16.51%
Sodium Minerals and Sulfur Services	-	-	925.24M	1.17B	1.11B	877.77M	964.63M	1.25B	-	-
Sodium Minerals and Sulfur Services Growth	-	-	-	26.93%	-5.83%	-20.63%	9.90%	29.38%	-	-
Marine Transportation	477.51M	426.04M	410.57M	219.94M	235.65M	210.26M	190.83M	293.3M	-	-
Marine Transportation Growth	-	-10.78%	-3.63%	-46.43%	7.14%	-10.77%	-9.24%	53.70%	-	-
Onshore Facilities and Transportation	-	-	2.08B	1.23B	821.07M	-	-	-	-	-
Onshore Facilities and Transportation Growth	-	-	-	-40.81%	-33.45%	-	-	-	-	-
Offshore Pipeline Transportation	280.46M	669.36M	636.48M	284.54M	318.12M	-	-	-	-	-
Offshore Pipeline Transportation Growth	-	138.66%	-4.91%	-55.29%	11.80%	-	-	-	-	-
Supply And Logistics	3.23B	1.99B	-	-	-	-	-	-	-	-
Supply And Logistics Growth	-	-38.40%	-	-	-	-	-	-	-	-
Onshore Pipeline Transportation	154.18M	-	-	-	-	-	-	-	-	-
Onshore Pipeline Transportation Growth	-	-	-	-	-	-	-	-	-	-

Frequently Asked Questions

Growth & Financials

Genesis Energy, L.P. (GEL) reported $1.92B in revenue for fiscal year 2024. This represents a 38% decrease from $3.09B in 2011.

Genesis Energy, L.P. (GEL) saw revenue decline by 6.6% over the past year.

Genesis Energy, L.P. (GEL) reported a net loss of $509.7M for fiscal year 2024.

Dividend & Returns

Yes, Genesis Energy, L.P. (GEL) pays a dividend with a yield of 3.62%. This makes it attractive for income-focused investors.

Genesis Energy, L.P. (GEL) has a return on equity (ROE) of -4.0%. Negative ROE indicates the company is unprofitable.

Genesis Energy, L.P. (GEL) had negative free cash flow of $41.2M in fiscal year 2024, likely due to heavy capital investments.