Genesis Energy, L.P.
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Range $18 – $18
Price Chart
About the company
Genesis Energy, L. P. is a key player in the midstream sector of the crude oil and natural gas industry.
- CEO
- Grant E. Sims
- IPO
- 1996
- Employees
- 1,046
- HQ
- Houston, TX, US
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Similar companies
Peers in the same neighborhood.
- Market Cap
- $1.97B
- P/E
- 80.93
- Fwd P/E
- 201.62
- PEG
- 0.13
- P/S
- 1.08
- P/B
- -5.86
- EV/EBITDA
- 7.91
- Div Yield
- 4.49%
- Gross Margin
- 25.32%
- Op Margin
- 19.29%
- Net Margin
- 4.29%
- ROE
- 141.17%
- ROIC
- 8.56%
Latest fiscal year · YoY change
- Revenue
- $1.63B-45.0%
- Gross Profit
- $344.53M+9.2%
- Op Income
- $258.19M
- Net Income
- $-8,210,000+87.2%
- EPS
- $-0.73+41.1%
- OCF Growth
- -29.8%
- FCF Growth
- +145.2%
- 52W High
- $18.64
- 52W Low
- $13.75
- 50D MA
- $14.89
- 200D MA
- $16.19
- Beta
- 0.65
- RSI (14)
- 66
- Avg Volume
- 300.97K
Earnings call summaries
Pick a quarter — each call distilled into takeaways, results, and a bull vs bear read.
Genesis Energy said Q2 was broadly in line with expectations while it made meaningful progress on balance sheet repair, preferred reduction, and shareholder returns.· August 6, 2026
- Q2 results were broadly in line with, and slightly ahead of, internal expectations, according to management.
- Genesis sold $95 million of non-core offshore gas assets and closed a $99.5 million receivables securitization to raise low-cost liquidity.
- The company used proceeds to repurchase about $83 million of 11.24% Series A preferred securities and cut revolver borrowings to zero by quarter-end.
- Management said it has retired about $218 million of preferred stock year to date, leaving about $311 million outstanding, and estimates $25 million of annual cost savings from recent refinancing activity.
- The quarterly common unit distribution was raised to $0.20 from $0.18, an 11% increase versus the prior quarter.
Genesis did not provide consolidated revenue, EPS, or gross margin figures in the prepared remarks or Q&A. Management said second-quarter results were broadly in line with, and in some respects slightly ahead of, internal expectations. During the quarter, the company sold certain non-core offshore natural gas assets for $95 million and closed a $99.5 million non-recourse receivables securitization priced at SOFR plus 137.5 basis points. It repurchased about $83 million of 11.24% Series A preferred securities at 102% of par, bought 250,000 common units at a weighted average price of $14.57, and paid down the $900 million senior secured credit facility to zero by quarter-end. Looking ahead, management expects third-quarter Marine results to be weighed somewhat by the final dry-docked unit returning to service, while Offshore volumes should benefit from multiple wells coming online over the next several quarters. Management also said it does not expect the second-quarter market dislocation benefits to continue into Q3 and beyond.
Grant Sims framed the quarter as a step forward in simplifying and strengthening the capital structure. He emphasized that Genesis is focused on a long-term, annuity-like offshore business with multi-decade fields and no additional capital required for existing infrastructure to capture future volumes. His tone was confident and constructive, repeatedly stressing that the long-term story is intact and that visibility to a multi-year offshore ramp is improving.
Kristen Jesulaitis did not speak in the prepared portion provided, so there were no separate CFO remarks on margins, cash, or capital allocation beyond the CEO's financial review. Management cited the $95 million asset sale, the $99.5 million securitization, the $83 million preferred repurchase, the $14.57 weighted average price for 250,000 common units bought back, and the reduction of revolver borrowings to zero. Grant Sims also said the company has reduced the preferred balance from about $529 million at the start of the year to about $311 million, and that recent transactions have lowered annual run-rate capital costs by approximately $25 million.
Analysts focused on the one-time marketing benefits in Q2 and whether they would recur, as well as whether Genesis could accelerate preferred retirements through further asset sales or refinancing. Management said Q2 benefited from non-recurring dislocations tied to SPR releases and Iranian-conflict-related market spreads, including an opportunity to be paid twice on the same barrel because of offshore routing flexibility, but it does not expect those benefits to continue in Q3 and beyond. On capital structure actions, Grant Sims said everything is for sale at the right value, but there are no current inbounds or assets of interest for sale, and that future preferred reduction could come through continued harvesting, debt paydown, or potentially an upsized bond deal if credit metrics improve.
The bull case from this call is that Genesis is actively shrinking expensive capital and lowering financing costs while preserving flexibility. Management is also pointing to a multi-year offshore volume ramp tied to already drilled or drilling wells on contracted acreage, with no additional capital needed from Genesis to capture those barrels.
The main risk is that some of the quarter's outperformance came from non-recurring market dislocations, which management explicitly said should not repeat in the third quarter and beyond. Offshore results were slightly below expectations because of operator downtime and production timing issues, and Marine earnings will be pressured in Q3 by the final dry-docking effect before normalizing later in the year.
AI summary of the company's earnings call · Paraphrased · Not investment advice
- Free Float
- 75.3%
- Shares Outstanding
- 122.42M
- Float Shares
- 92.15M
of shares held by institutions
126 13F filers
Buy/sell ratio 1.00. Sells can include pre-scheduled 10b5-1 plan sales, not just discretionary selling.
Congressional trading
Senate and House stock disclosures for GEL, newest first.
| Member | Type | Traded | |
|---|---|---|---|
| Mark Dr GreenHouse · TN07 | Sell | Sep 23, 21 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Sep 2, 21 | Filing → |
| Mark Dr GreenHouse · TN07 | Sell | Nov 24, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Sell | Nov 18, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Nov 17, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Oct 5, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Oct 22, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Sep 11, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 14, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 31, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 28, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 12, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 10, 20 | Filing → |
| Mark Dr GreenHouse · TN07 | Buy | Aug 11, 20 | Filing → |
Source: public STOCK Act disclosures. Filed weeks after the trade — a lagging signal, not a real-time one.
Top institutional holders
Largest 13F positions, with quarter-over-quarter change.
| Holder | Shares | Δ Quarter |
|---|---|---|
| Texas Capital Bancshares Inc/Tx | 200.00K | 0 |
| Wolverine Trading, LLC | 17.02K | ▲ 528 |
| Cwm, LLC | 4.52K | ▲ 1.41K |
| Binnacle Investments Inc | 350 | 0 |
| Tucker Asset Management LLC | 305 | ▲ 305 |
| Sunbelt Securities, Inc. | 200 | 0 |
Held by 31 ETFs
Biggest fund positions in GEL by dollar value.
Recent insider transactions
Who's buying, who's selling, and how much.
| Date | Insider | Type | Shares |
|---|---|---|---|
| Jul 1, 26 | ALBERT CONRAD P | other | 2,500 |
| Jul 1, 26 | ALBERT CONRAD P | sell | 2,500 |
| Jul 1, 26 | ALBERT CONRAD P | other | 2,976 |
| Jul 1, 26 | ALBERT CONRAD P | other | 2,500 |
| Jul 1, 26 | Taylor Jack T | other | 2,575 |
| Jul 1, 26 | Taylor Jack T | sell | 2,575 |
| Jul 1, 26 | Taylor Jack T | other | 3,065 |
| Jul 1, 26 | Taylor Jack T | other | 2,575 |
| Jul 1, 26 | Davison James E. Jr. | other | 2,388 |
| Jul 1, 26 | Davison James E. Jr. | sell | 2,388 |
A “Sell” may be a pre-scheduled 10b5-1 plan sale rather than a discretionary decision — read insider selling with that in mind.
Our GEL coverage
Recent articles, reports, and earnings notes.
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Generate GEL report →Genesis Energy, L.P. to Participate in Citi's 2026 Natural Resources Conference
businesswire.com · Aug 11
Genesis Energy, L.P. to Participate in Citi's 2026 Natural Resources Conference
gurufocus.com · Aug 11
Genesis Energy Q2 Earnings Call Highlights
marketbeat.com · Aug 8
Genesis Energy, L.P. Class A Common Units (GEL) Q2 2026 Earnings Call Transcript
seekingalpha.com · Aug 6
Genesis Energy, L.P. Reports Second Quarter 2026 Results
businesswire.com · Aug 6
Midstream Operators Boost Payouts Into Q3 2026
etftrends.com · Jul 31
Genesis Energy, L.P. Declares Quarterly Distribution
businesswire.com · Jul 16
Genesis Energy L.P.'s 2025 Schedule K-3 Now Available
businesswire.com · Jul 1
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