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Genesis Energy
(NYSE:GEL)
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Rating:57Neutral
Price Target:
$15.50
â–²(3.20% Upside)
Action:Reiterated
Date:08/06/26
The score is held back primarily by balance-sheet risk (extremely high leverage versus a small equity base) despite improving TTM profitability and strong recent free cash flow. The earnings call was a clear positive due to concrete deleveraging and cost-of-capital actions, while technicals suggest stabilization but not a durable long-term uptrend. Valuation remains mixed given the negative P/E despite a solid dividend yield.
Positive Factors
Improved free cash flow
Sustained positive free cash flow near $400M provides durable capacity to fund deleveraging, preferred retirements, and maintenance capex without recurring equity raises. Strong FCF improves liquidity and underpins long-term distribution coverage and strategic optionality for M&A or reinvestment.
Negative Factors
Extremely high leverage
An aggressive capital structure with debt roughly seven times equity leaves limited financial flexibility and heightens refinancing and covenant risk. High leverage amplifies downside from volume or margin shocks and constrains capital allocation until materially reduced toward management's ~4x target.
Read all positive and negative factors
Positive Factors
Negative Factors
Improved free cash flow
Sustained positive free cash flow near $400M provides durable capacity to fund deleveraging, preferred retirements, and maintenance capex without recurring equity raises. Strong FCF improves liquidity and underpins long-term distribution coverage and strategic optionality for M&A or reinvestment.
Read all positive factors
Genesis Energy Key Performance Indicators (KPIs)
Any
Revenue by Segment
Shows how sales are split across the company’s lines of business, exposing dependence on particular markets, customers, or commodity-driven revenues. Useful for evaluating revenue diversification, sensitivity to price and volume swings, and which segments are actually growing top‑line sales before expenses.
Shows how sales are split across the company’s lines of business, exposing dependence on particular markets, customers, or commodity-driven revenues. Useful for evaluating revenue diversification, sensitivity to price and volume swings, and which segments are actually growing top‑line sales before expenses.
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The Fly
The FlyGenesis Energy (GEL) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$1.87B
Dividend Yield4.74%
Average Volume (3M)357.17K
Price to Earnings (P/E)―
Beta (1Y)0.42
Revenue Growth-35.30%
EPS Growth88.99%
CountryUS
Employees1,061
SectorEnergy
Sector Strength52
IndustryOil & Gas Midstream
Share Statistics
EPS (TTM)0.20
Shares Outstanding122,424,324
10 Day Avg. Volume167,620
30 Day Avg. Volume357,171
Financial Highlights & Ratios
PEG Ratio0.52
Price to Book (P/B)8.02
Price to Sales (P/S)1.17
P/FCF Ratio21.63
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price Target
$21.00Price Target Upside39.81% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering2
EPS Forecast (FY)0.06
Revenue Forecast (FY)$1.69B
Genesis Energy Business Overview & Revenue Model
Company Description
Genesis Energy, L.P. is a key player in the midstream sector of the crude oil and natural gas industry. Its Offshore Pipeline Transportation segment is dedicated to the movement and handling of crude oil and natural gas via offshore pipelines. Thi...
How the Company Makes Money
Genesis Energy makes money by charging fees for midstream logistics services and by generating margins from certain commodity-linked services, organized across its operating segments. (1) Pipeline Transportation: GEL earns revenue from tariffs/fee...
Genesis Energy Earnings Call Summary
Earnings Call Date:Aug 06, 2026
(Q2-2026)
| % Change Since: |
Next Earnings Date:Oct 29, 2026
Earnings Call Sentiment Positive
The call emphasized clear and tangible progress on balance sheet optimization (asset sale, AR securitization, preferred repurchases, debt paydown), meaningful realized cost-of-capital savings (~$25M run-rate) and visibility to additional savings ($50–$60M). Operationally, segments were largely in line with expectations: Marine returned to full capacity, Onshore had a solid quarter with opportunistic marketing gains, and Offshore retains strong long-term volume visibility despite short-term downtime-related headwinds. The primary negatives were near-term production disruptions in Offshore, some non-recurring marketing gains, one-quarter dry-dock impact, and a remaining $311M of high-cost preferred. Overall the positives and balance sheet actions significantly outweigh the short-term operational noise.Positive Updates
Balance Sheet Optimization and Liquidity Actions
Completed a $95 million sale of non-core offshore gas assets and closed a $99.5 million non-recourse accounts receivable securitization facility priced at SOFR + 137.5 bps (~200 bps inside current bank borrowing costs). Used proceeds to repurchase ~ $83 million of 11.24% Series A preferred at 102% of par, opportunistically repurchase 250,000 common units at a weighted average of $14.57, pay senior secured credit facility down to $0, and hold remaining proceeds as cash.
Negative Updates
Offshore Segment Slight Underperformance This Quarter
Offshore Pipeline Transportation performed slightly below internal expectations due to multiple operator operational challenges and unplanned downtimes at several key fields. Despite >99% uptime on Genesis lines, production timing/interruptions at high‑margin fields led to notable near-term volume and revenue impacts.
Read all updates
Q2-2026 Updates
Positive
Negative
Balance Sheet Optimization and Liquidity Actions
Completed a $95 million sale of non-core offshore gas assets and closed a $99.5 million non-recourse accounts receivable securitization facility priced at SOFR + 137.5 bps (~200 bps inside current bank borrowing costs). Used proceeds to repurchase ~ $83 million of 11.24% Series A preferred at 102% of par, opportunistically repurchase 250,000 common units at a weighted average of $14.57, pay senior secured credit facility down to $0, and hold remaining proceeds as cash.
Read all positive updates
Company Guidance
Management's guidance focused on active balance-sheet optimization and capital-allocation targets: Q2 actions included a $95M sale of non‑core gas assets, closing a $99.5M AR securitization at SOFR+137.5bps (roughly 200bps cheaper than bank financing and not counted as funded debt in the bank leverage ratio), repurchasing ~ $83M of 11.24% Series A preferred at 102% of par, buying 250,000 common units at a $14.57 weighted average, and paying the committed $900M credit facility to zero; year‑to‑date they’ve retired ~$218M of preferred (from ~$529M to ~ $311M remaining, ~40% reduction in 6 months), issued $750M of 6.75% senior unsecured notes due 2034 while redeeming 7.75% 2028 notes, and estimate ~ $25M of annual run‑rate capital cost savings already realized with line‑of‑sight to another $50–60M of annual savings over the next several years; they raised the quarterly common distribution to $0.20/unit (up 11% QoQ, 21% YoY, 33% vs two years), retain a long‑term leverage target of ~4x, report >99% pipeline uptime, roughly 250k b/d coming from each of three vintage cohorts (~750k b/d total), and highlighted an Atlantis project adding ~10k boe/d of gross peak production — all underpinning continued focus on debt reduction, further preferred retirements, and opportunistic returns to equity.Genesis Energy Financial Statement Overview
Summary
Income Statement
63
Positive
Balance Sheet
28
Negative
Cash Flow
56
Neutral
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.83B | 1.63B | 2.97B | 3.18B | 2.79B | 2.13B |
| Gross Profit | 464.22M | 344.53M | 315.53M | 395.20M | 637.82M | 136.88M |
| EBITDA | 649.26M | 528.11M | 557.31M | 661.64M | 571.22M | 407.11M |
| Net Income | 78.73M | -8.21M | -63.95M | 117.72M | 75.46M | -165.07M |
Balance Sheet | ||||||
| Total Assets | 5.41B | 4.86B | 7.04B | 7.07B | 6.38B | 5.92B |
| Cash, Cash Equivalents and Short-Term Investments | 44.24M | 6.44M | 10.75M | 28.04M | 26.57M | 24.99M |
| Total Debt | 3.10B | 3.05B | 4.35B | 4.00B | 3.60B | 3.12B |
| Total Liabilities | 4.96B | 4.15B | 5.52B | 5.36B | 4.60B | 3.94B |
| Stockholders Equity | 452.83M | 238.18M | 1.10B | 1.34B | 1.47B | 1.43B |
Cash Flow | ||||||
| Free Cash Flow | 406.01M | 88.33M | -195.21M | -98.89M | -89.80M | 36.56M |
| Operating Cash Flow | 535.95M | 275.22M | 391.93M | 521.13M | 334.39M | 337.95M |
| Investing Cash Flow | -98.18M | 878.36M | -552.16M | -593.65M | -374.52M | -274.12M |
| Financing Cash Flow | -400.21M | -1.18B | 161.74M | 73.99M | 41.70M | -65.86M |
Genesis Energy Technical Analysis
Positive
15.02
Price Trends
14.65
Positive
15.69
Negative
15.80
Negative
Market Momentum
0.15
Negative
57.04
Neutral
37.41
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 15.02 is above the 20-day moving average (MA) of 14.75, above the 50-day MA of 14.65, and below the 200-day MA of 15.80, indicating a neutral trend. The MACD of 0.15 indicates Negative momentum. The RSI at 57.04 is Neutral, neither overbought nor oversold. The STOCH value of 37.41 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
UnderperformOutperform
Sector (65)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
84 Outperform | $2.75B | 4.66 | 27.73% | 2.64% | 19.33% | 110.30% | |
83 Outperform | $4.76B | 8.70 | 27.13% | 9.03% | 14.50% | 69.57% | |
82 Outperform | $4.03B | 4.43 | 24.51% | 2.16% | 32.68% | 130.22% | |
69 Neutral | $3.21B | 19.09 | -935.80% | 7.85% | 13.04% | 6.21% | |
65 Neutral | $15.17B | 7.61 | 4.09% | 5.20% | 3.87% | -62.32% | |
63 Neutral | $1.68B | 13.70 | 18.90% | 6.26% | 9.54% | 13.40% | |
57 Neutral | $1.87B | -84.73 | 16.91% | 4.59% | -35.30% | 88.99% |
* Energy Sector Average
GEL
Genesis Energy
15.18
-1.18
-7.18%
GLP
Global Partners
48.52
1.44
3.07%
STNG
Scorpio Tankers
76.38
30.64
66.98%
TNK
Teekay Tankers
77.09
32.24
71.90%
DKL
Delek Logistics
58.90
18.64
46.30%
INSW
International Seaways
93.21
55.02
144.06%
Genesis Energy Corporate Events
Executive/Board Changes
Genesis Energy Announces Retirement of Board Member Davison
Neutral
Jun 26, 2026
Genesis Energy, L.P., a master limited partnership in the energy infrastructure sector, operates through a general partner overseen by a board of directors responsible for the partnership’s governance.On June 26, 2026, board member James E. ...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.