Genesis Energy (GEL)
NYSE:GEL
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Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.02Last Year’s EPS
-0.12Same Quarter Last Year
Moderate Buy
Based on 2 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call balanced near-term operational headwinds (e.g., Shenandoah volume pullback, dry-docking impacts, sulfur service disruptions) with strong longer-term fundamentals: robust offshore backlog, significant balance sheet/financing improvements that lower annual interest expense, high marine utilization, and multiple future tiebacks that add dedicated volumes without incremental Genesis capital. Management reaffirmed 2026 adjusted EBITDA expectations at or near the midpoint of the prior range and highlighted material optionality to further reduce financing costs.Company Guidance
Offshore Pipeline Transportation YoY Growth
Offshore segment revenue/volumes were up ~40% year-over-year, driven by new deepwater production coming online (e.g., Shenandoah initial flows), underscoring strong demand through Genesis-owned infrastructure.
2026 Adjusted EBITDA Target Intact
Management expects 2026 adjusted EBITDA at or near the midpoint of the February range, which called for roughly +15% to +20% growth versus a normalized 2025 baseline of approximately $500–$510 million.
Meaningful Balance Sheet and Financing Improvements
Completed a $750 million senior unsecured notes issuance (6.75% coupon), tendered/redeemed higher-cost 7.75% notes due 2028, upsized/extended the revolver and opportunistically repurchased $135 million of Series A preferred — collectively expected to reduce annual financing cost by ~ $12 million on a run-rate basis.
Larger Potential Financing Savings Opportunity
Remaining Series A preferred face value ~ $394 million; management noted refinancing/removal of preferreds and other bonds could yield incremental cash interest savings (e.g., ~ $35 million from refinancing bonds and ~ $45 million from fully redeeming Series A), with total potential upside of ~ $80 million+ per year as capital structure is optimized.
Durable Long-Term Offshore Development Backlog
Multiple near- and medium-term tiebacks and projects (Monument 2-well tieback with first well expected before year-end, Shenandoah subsea pumping planned 2028, Shenandoah South first well H1 2028, Tiberius tied to Lucius feeding SEKCO/Poseidon in 2028, Bandit discovery on acreage dedicated to Genesis). Management emphasized decades of dedicated production that require no incremental Genesis capital.
Strong Marine Utilization and Market Balance
Marine Transportation operating at or near 100% of available capacity across vessel classes; management sees supply/demand fundamentals balanced with minimal net Jones Act tonnage additions, supporting medium- to long-term rate environment resilience.
Onshore Terminals and Field Adds
Salamanca brought a fourth well online during the quarter, raising Salamanca FPU production to just over 40,000 barrels per day; Buckskin fifth well expected to come online in Q2, providing incremental throughput to onshore systems and terminals.
GEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
GEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
May 07, 2026 | $16.42 | $16.48 | +0.37% |
Feb 12, 2026 | $17.20 | $16.91 | -1.67% |
Oct 30, 2025 | $15.49 | $15.51 | +0.13% |
Jul 31, 2025 | $15.99 | $16.82 | +5.18% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Genesis Energy (GEL) report earnings?
Genesis Energy (GEL) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Genesis Energy (GEL) earnings time?
Genesis Energy (GEL) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEL EPS forecast?
GEL EPS forecast for the fiscal quarter 2026 (Q2) is 0.02.