Genesis Energy (GEL) AI Stock Analysis

• Market Cap: $2.21B
• Dividend Yield: 4.14%
• Average Volume (3M): 247.88K
• Price to Earnings (P/E): ―
• Beta (1Y): 0.62
• 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: 233,153
• 30 Day Avg. Volume: 247,882
• 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: 2.37
• Enterprise Value/Revenue: 3.22
• Enterprise Value/Gross Profit: 15.22
• Enterprise Value/Ebitda: 10.31
• 1Y Price Target: $19.50
• Price Target Upside: 7.97% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): 1.21
• Revenue Forecast (FY): $1.57B

• Rating: 60 Neutral
• Price Target: $18.50 ▲(2.44% Upside)
• Action: Reiterated Date: 02/25/26
• Date: Action: Reiterated 02/25/26

The score is held back primarily by weak financial performance (large net losses, revenue decline, and high leverage), partially offset by positive cash flow. Technicals are supportive with an established uptrend, while valuation is mixed (positive yield but negative P/E). Management’s outlook and operational momentum from the earnings call, plus refinancing actions, provide additional upside support but do not fully offset balance-sheet and profitability risks.

Positive Factors

Diversified midstream assets

Genesis’s ownership of pipelines, terminals and logistics creates durable fee-based revenue streams tied to volumes rather than commodity prices. Long-lived physical infrastructure and strategic Gulf Coast footprint support sticky customer relationships, entry barriers and steady utility-like cash flows over multiple years.

Positive cash generation

Consistent positive operating and free cash flow provide a structural cushion to cover distributions, fund maintenance and invest in tiebacks despite GAAP losses. Cash generation supports deleveraging and capital allocation over 2–6 months, improving resilience versus peers with negative cash flow.

Visible EBITDA growth drivers

Concrete production ramps (Shenandoah ~100k bpd; Salamanca ramping) plus planned tiebacks and additional wells create recurring volume upside that can sustainably lift midstream throughput and margins. Management’s targeted EBITDA growth, if realized, strengthens organic deleveraging and cash generation.

Negative Factors

High and rising leverage

Elevated leverage materially reduces financial flexibility, raising refinance and interest-rate sensitivity. With equity down and leverage above long-term target, the company remains exposed to EBITDA volatility; adverse operational swings could force deeper deleveraging or constrain growth investments.

Weak profitability and declining revenue

A meaningful revenue decline and large net losses indicate that non-operating costs and financing burden offset operating earnings. Persistent negative margins erode equity and limit retained earnings, making sustained recovery dependent on both operational execution and lower leverage over medium term.

Operational timing & maintenance risk

Regulatory dry-docking and customer turnarounds create predictable but material near-term hits to availability, margins and maintenance capex. Reliance on third-party drilling schedules and weather amplifies volume and cash flow variability, increasing risk to distributions and debt paydown plans.

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

Financials are stressed: TTM revenue fell ~14.9% and net margin is deeply negative (~-26.1%), while leverage is high and rising (debt-to-equity ~4.29x) with sharply negative ROE. Offsetting this, operating cash flow ($253M) and free cash flow ($117M) are positive, but overall profitability and balance-sheet risk keep the score low.

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: 18.06
• 50DMA: Positive
• 100DMA: Positive
• 200DMA: Positive
• MACD: Positive
• RSI: Neutral
• STOCH: Neutral

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 18.06 is above the 20-day moving average (MA) of 17.43, above the 50-day MA of 16.58, and above the 200-day MA of 16.08, indicating a bullish trend. The MACD of 0.36 indicates Positive momentum. The RSI at 63.64 is Neutral, neither overbought nor oversold. The STOCH value of 72.75 is Neutral, 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	$4.09B	10.69	11.35%	3.19%	-35.37%	-57.86%
TNK	81 Outperform	$2.70B	7.75	18.48%	3.72%	-20.11%	-26.44%
DKL	70 Outperform	$2.78B	15.76	―	9.78%	-1.78%	9.32%
INSW	69 Neutral	$3.73B	12.11	11.43%	6.12%	-23.59%	-57.70%
Sector *	65 Neutral	$15.17B	7.61	4.09%	5.20%	3.87%	-62.32%
GEL	60 Neutral	$2.21B	-27.23	-2.48%	4.14%	-36.47%	-75.37%
GLP	56 Neutral	$1.60B	22.30	11.24%	6.93%	4.10%	-36.72%

Genesis Energy Corporate Events

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.