Genesis Energy
GEL
Market cap $1.62B

13.23 USD

-0.26

1.93%

At close Oct 17, 4:00 PM EDT

After hours

13.46

+0.23

1.74%

1 day

-1.93%

5 days

-4.13%

1 month

-0.75%

3 months

-10.73%

6 months

12.40%

Year to date

12.21%

1 year

18.76%

5 years

-35.81%

About: Genesis Energy LP is a United States-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

Employees: 2,137

Energy Pipe Lines, Except Natural Gas

0

Funds holding %

of 6,740 funds

–

Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

47% more call options, than puts

Call options by funds: $8.48M | Put options by funds: $5.75M

33% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 12

28% more capital invested

Capital invested by funds: $944M [Q1] → $1.21B (+$264M) [Q2]

4% more funds holding

Funds holding: 110 [Q1] → 114 (+4) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q1] → 1 (+0) [Q2]

8% less repeat investments, than reductions

Existing positions increased: 33 | Existing positions reduced: 36

8.4% less ownership

Funds ownership: 77.39% [Q1] → 68.98% (-8.4%) [Q2]

See Fund Rankings

Research analyst outlook

1 Wall Street Analyst provided 1 year price targets over the past 3 months

Low target

$16

21%

upside

Avg. target

$16

21%

upside

High target

$16

21%

upside

1 analyst rating

1 positive

100%

0 neutral

0%

0 negative

0%

RBC Capital

Elvira Scotto

65% 1-year accuracy

15 / 23 met price target

21%upside

$16

Outperform

Maintained

16 Oct 2024

See Analyst Rankings

Financial journalist opinion

Based on 3 articles about GEL published over the past 30 days

Genesis Energy, L.P. Declares Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended September 30, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be.

Genesis Energy, L.P. Declares Quarterly Distribution

Midstream Energy - Relative Quality

Many midstream energy companies pay stable, well-supported distributions or dividends with yields well over 5%. The relative quality of twenty-nine midstream energy companies was evaluated by means of a quality matrix with factors including valuation, profitability, growth, leverage, yield, and yield coverage. Based on this review, I recommend those investors who are interested in midstream energy first consider the five highest quality midstreams: HESM, WES, EPD, ET, and KNTK.

Midstream Energy - Relative Quality

A Rare High-Yield Buying Opportunity

The high-yield sector has soared recently. However, one sector has lagged behind significantly despite having very strong underlying fundamentals. This creates a rare high-yield buying opportunity.

A Rare High-Yield Buying Opportunity

Genesis Energy, L.P. to Participate in Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference in Las Vegas, NV on August 13-14, 2024. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnersh.

Genesis Energy, L.P. to Participate in Citi's 2024 One-on-One Midstream / New Energy Infrastructure Conference

Genesis Energy, L.P. Reports Second Quarter 2024 Results, Announces a Distribution Increase Attributable to the Third Quarter 2024, And Discusses Future Capital Allocation Priorities

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results. We generated the following financial results for the second quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $8.7 million for the second quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the same period in 2023. Cash Flows from Operating Activities of $104.7 million for the second quarter of 2024 compared to $157.7 million for the.

Genesis Energy, L.P. Reports Second Quarter 2024 Results, Announces a Distribution Increase Attributable to the Third Quarter 2024, And Discusses Future Capital Allocation Priorities

Genesis Energy, L.P. Sets Date for Release of Second Quarter Results and Conference Call

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Second Quarter ended June 30, 2024 on August 1, 2024, before the market opens. Genesis Energy, L.P.'s Second Quarter Earnings Conference Call will be held Thursday, August 1, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at https://www.genesisenergy.com/investors/events-and-presentations. For those unable to attend the live broadcast, a replay will be available be.

Genesis Energy, L.P. Sets Date for Release of Second Quarter Results and Conference Call

Genesis Energy, L.P. Extends Its Existing Secured Credit Facility into September 2028

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that on July 19, 2024, it successfully syndicated, upsized and closed on an extension of its existing revolving credit facility with $900 million in commitments from both existing and new lenders with an initial maturity date of September 1, 2028. The relevant covenants contained in the new facility will remain materially similar to those in the previous revolving credit facility, although, prospectively, the partnership.

Genesis Energy, L.P. Extends Its Existing Secured Credit Facility into September 2028

Genesis Energy, L.P. Declares Quarterly Distribution

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on July 10, 2024, the Board of Directors of its general partner declared a distribution on Genesis' common units and Class A Convertible Preferred Units attributable to the quarter ended June 30, 2024. These distributions will be paid on August 14, 2024 to holders of record at the close of business on July 31, 2024. Each holder of common units will be paid a quarterly cash distribution of $0.15 ($0.60 on an annuali.

Genesis Energy, L.P. Declares Quarterly Distribution

3 Undervalued Gems Poised for 100% Gains in 18 Months

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3 Undervalued Gems Poised for 100% Gains in 18 Months

Genesis Energy L.P.'s 2023 Schedule K-3 Now Available

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its 2023 Schedule K-3, reflecting items of international tax relevance, is available online. Unitholders requiring this information may access the Schedule K-3 at www.taxpackagesupport.com/Genesis or through the “K-1 Tax Information” link on the Genesis Energy Home page at www.genesisenergy.com. A limited number of unitholders (primarily foreign unitholders, unitholders computing a foreign tax credit on their tax re.

Genesis Energy L.P.'s 2023 Schedule K-3 Now Available

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