Genesis Energy (GEL) AI Stock Analysis

• Market Cap: $2.15B
• Dividend Yield: 4.14%
• Average Volume (3M): 253.85K
• Price to Earnings (P/E): 24.0
• Beta (1Y): 0.61
• Revenue Growth: -36.47%
• EPS Growth: -75.37%
• Country: US
• Employees: 2,055
• Sector: Energy
• Sector Strength: 52
• Industry: Oil & Gas Midstream
• EPS (TTM): 0.04
• Shares Outstanding: 122,424,324
• 10 Day Avg. Volume: 278,815
• 30 Day Avg. Volume: 253,851
• PEG Ratio: 5.66
• Price to Book (P/B): 8.02
• Price to Sales (P/S): 1.17
• P/FCF Ratio: 21.63
• Enterprise Value/Market Cap: 2.41
• Enterprise Value/Revenue: 3.18
• Enterprise Value/Gross Profit: 15.04
• Enterprise Value/Ebitda: 10.19
• 1Y Price Target: $20.00
• Price Target Upside: 14.03% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 1
• EPS Forecast (FY): 0.79
• Revenue Forecast (FY): $1.58B

• Rating: 58 Neutral
• Price Target: $18.50 ▲(5.47% Upside)
• Action: Reiterated Date: 03/10/26
• Date: Action: Reiterated 03/10/26

The score is held back primarily by weak financial performance (large TTM net loss, contracting revenue, and high/rising leverage). Offsetting factors include constructive technical momentum, a supportive 2026 outlook from the earnings call (EBITDA growth drivers), and corporate actions that extend liquidity and refinance near-term maturities, with valuation and yield providing moderate support.

Positive Factors

Extended revolver and liquidity extension

Extending and expanding the revolver secures a longer-dated bank liquidity backstop, reducing near-term refinancing risk and supporting operational stability. This durable financing flexibility allows management to fund maintenance, opportunistic investments, and debt management despite cyclical cash flow swings.

Senior notes issuance to extend maturities

Issuing long-dated senior notes and using proceeds to retire 2028 debt materially extends maturity profile and modestly lowers coupon costs. This structural refinancing reduces concentrated near-term maturities and gives more time for EBITDA recovery before major repayments are due.

Offshore production ramps and development pipeline

Sustained production ramps and planned tiebacks create durable throughput and margin expansion for midstream assets. Higher, predictable offshore volumes underpin fee-based revenue and support management's 2026 adjusted EBITDA growth target, improving cash generation as projects progressively come online.

Negative Factors

Elevated leverage and weakening equity base

Markedly higher leverage and a shrunken equity base constrain financial flexibility and raise refinancing and covenant risk. Persistent high debt amplifies interest expense sensitivity to market rates and limits capacity for growth spending or distributions if EBITDA dips or volatility returns.

Revenue decline and large net losses

Sustained revenue deterioration and sizable net losses erode retained capital and impair return metrics. Even with positive operating cash flow, recurring losses indicate non-operating or financing pressures that could impede reinvestment, distribution sustainability, and deleveraging over the medium term.

Operational exposure: turnarounds and dry-docking

Material scheduled downtime and heavier marine maintenance create predictable near-term margin and cash impacts. Reliance on third-party producer schedules and vessel availability means volumes and utilization can swing, producing durable volatility in midstream cash flows and complicating planning for deleveraging.

Genesis Energy Business Overview & Revenue Model

Company Description

Genesis 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.

How the Company Makes Money

Genesis Energy generates revenue through several key streams, including the transportation and storage of crude oil and refined products via its extensive pipeline network. The company earns fees for the transportation of hydrocarbons, which are typically based on the volume transported. Additionally, Genesis Energy has significant operations in the logistics and water treatment segments, providing essential services to upstream and midstream players in the energy sector. The company's revenue is further supported by long-term contracts with customers, ensuring a stable income flow. Strategic partnerships with major oil companies and other industry players enhance its operational capabilities and market reach, contributing significantly to its overall earnings.

Genesis Energy Financial Statement Overview

Summary

Operating cash flow and free cash flow are positive in TTM, but fundamentals are pressured by a meaningful revenue decline (-14.87%), a large net loss (net margin -26.1%), and elevated leverage with rising debt-to-equity (~4.29x) and sharply negative ROE (about -109%).

Income Statement

TTM (Trailing-Twelve-Months) revenue declined meaningfully (-14.87%) and the company is operating at a large net loss (net margin -26.1%). While operating profitability looks better on a pre-net basis (EBIT margin ~11.1% and EBITDA margin ~23.6% in TTM), results have deteriorated from 2023’s positive net income to losses in 2024 and a much larger loss in TTM—suggesting elevated non-operating costs, charges, or financing burden are overwhelming operating earnings.

Balance Sheet

Leverage is high and rising: TTM debt-to-equity is ~4.29x (up from ~2.98x in 2023), with equity down substantially versus prior years. Returns to equity holders are negative in TTM (ROE about -109%), reflecting the large net loss on a thinner equity base. The combination of heavy debt load and shrinking equity increases financial risk and reduces flexibility if operating conditions soften.

Cash Flow

Cash generation is mixed but comparatively more supportive than earnings: TTM operating cash flow is positive ($253M) and free cash flow is also positive ($117M), a clear improvement versus negative free cash flow in 2022–2024. However, TTM operating cash flow covers only about 36% of net income in magnitude (with net income deeply negative), and free cash flow growth is sharply negative versus the prior period—highlighting volatility and that recent cash strength may be uneven or timing-related.

Breakdown	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	1.63B	2.97B	3.18B	2.79B	2.13B
Gross Profit	344.53M	315.53M	395.20M	637.82M	136.88M
EBITDA	490.26M	557.31M	661.64M	571.22M	407.11M
Net Income	-8.21M	-63.95M	117.72M	75.46M	-165.07M
Balance Sheet
Total Assets	4.86B	7.04B	7.07B	6.38B	5.92B
Cash, Cash Equivalents and Short-Term Investments	6.44M	10.75M	28.04M	26.57M	24.99M
Total Debt	3.05B	4.35B	4.00B	3.60B	3.12B
Total Liabilities	4.15B	5.52B	5.36B	4.60B	3.94B
Stockholders Equity	238.18M	1.10B	1.34B	1.47B	1.43B
Cash Flow
Free Cash Flow	88.33M	-195.21M	-98.89M	-89.80M	36.56M
Operating Cash Flow	275.22M	391.93M	521.13M	334.39M	337.95M
Investing Cash Flow	878.36M	-552.16M	-593.65M	-374.52M	-274.12M
Financing Cash Flow	-1.18B	161.74M	73.99M	41.70M	-65.86M

Genesis Energy Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 17.54
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GEL, the sentiment is Positive. The current price of 17.54 is below the 20-day moving average (MA) of 17.89, above the 50-day MA of 17.26, and above the 200-day MA of 16.28, indicating a neutral trend. The MACD of 0.09 indicates Positive momentum. The RSI at 47.11 is Neutral, neither overbought nor oversold. The STOCH value of 16.28 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for GEL.

Genesis Energy Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
STNG	82 Outperform	$3.58B	7.23	11.30%	3.19%	-35.37%	-57.86%
TNK	81 Outperform	$2.36B	5.26	18.37%	3.72%	-20.11%	-26.44%
DKL	69 Neutral	$2.87B	13.53	461.30%	9.78%	-1.78%	9.32%
INSW	69 Neutral	$3.54B	7.74	16.02%	6.12%	-23.59%	-57.70%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GLP	60 Neutral	$1.65B	17.89	12.24%	6.93%	4.10%	-36.72%
GEL	58 Neutral	$2.15B	24.04	-162.28%	4.14%	-36.47%	-75.37%

Genesis Energy Corporate Events

Genesis Energy Expands Revolving Credit Facility to 2031

On March 4, 2026, Genesis Energy, L.P. entered into an Eighth Amended and Restated Credit Agreement providing a $900 million senior secured revolving credit facility, replaceable up to $1.3 billion through additional commitments or an incremental term loan, with maturity scheduled for March 4, 2031, subject to earlier termination if large tranches of its 2029 or 2030 senior notes remain outstanding. The agreement, secured by guarantees from substantially all restricted subsidiaries and liens on a large portion of assets, introduces margin and fee levels tied to leverage ratios, embeds customary financial covenants on leverage and interest coverage, and was used to repay and terminate the prior credit facility, reinforcing Genesis’s capital structure and ongoing access to bank funding.

The New Credit Agreement is designed to enhance Genesis’s financial flexibility by offering both alternate base rate and Term SOFR borrowing options with variable pricing according to leverage, while commitment fees apply on unused amounts to incentivize efficient facility utilization. By refinancing the Old Credit Agreement in full and extending the potential tenor to 2031, subject to conditions, Genesis secures a longer-dated, expandable liquidity backstop that may support future investment, debt management, and operational stability, with participating lenders maintaining broader commercial and financial relationships with the company.

The most recent analyst rating on (GEL) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Genesis Energy stock, see the GEL Stock Forecast page.

Genesis Energy Announces New Senior Notes Offering

On February 18, 2026, Genesis Energy, L.P. and Genesis Energy Finance Corporation agreed to sell $750 million of 6.750% senior notes due 2034, guaranteed by certain subsidiaries, with the offering closing on March 4, 2026. Genesis plans to use the net proceeds to purchase or redeem all outstanding 7.75% senior notes due 2028 and for general partnership purposes, including paying down borrowings under its senior secured credit facility, thereby extending its debt maturity profile and modestly lowering coupon costs.

The new notes are senior unsecured obligations ranking pari passu with Genesis’ other senior unsecured debt, including existing notes due between 2028 and 2033, and the subsidiary guarantees carry the same senior unsecured ranking for the guarantors. The notes, governed by an existing base indenture as supplemented on March 4, 2026, bear interest at 6.750% payable semiannually starting September 15, 2026, and will mature on May 15, 2034, further solidifying Genesis’ long-term funding structure.

The most recent analyst rating on (GEL) stock is a Hold with a $19.00 price target. To see the full list of analyst forecasts on Genesis Energy stock, see the GEL Stock Forecast page.

Genesis Energy Announces $750 Million Senior Notes Offering

On February 18, 2026, Genesis Energy, L.P. and its financing subsidiary entered into an underwriting agreement for a registered public offering of $750 million of 6.750% senior unsecured notes due 2034, guaranteed by certain subsidiaries. The company expects net proceeds of about $737 million and has agreed to customary indemnification and closing conditions with a syndicate led by BofA Securities, whose affiliates also participate in Genesis’s senior secured credit facility and may hold its existing notes.

Genesis plans to use the proceeds primarily to purchase or redeem its outstanding 7.75% senior notes due 2028 and to repay borrowings under its senior secured credit facility, effectively extending its debt maturity profile and modestly lowering its coupon costs. The same day, Genesis separately announced the commencement and pricing of the offering and reiterated that the transaction is part of a broader capital management strategy, with some underwriters or their affiliates expected to benefit as lenders under the credit facility or as holders of the 2028 notes.

The most recent analyst rating on (GEL) stock is a Buy with a $20.00 price target. To see the full list of analyst forecasts on Genesis Energy stock, see the GEL Stock Forecast page.