Genesis Energy
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
0
Funds holding %
of 6,809 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
96% more call options, than puts
Call options by funds: $11.5M | Put options by funds: $5.85M
9% more repeat investments, than reductions
Existing positions increased: 36 | Existing positions reduced: 33
0% more funds holding
Funds holding: 114 [Q2] → 114 (+0) [Q3]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q2] → 1 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 9 | Existing positions closed: 9
1.56% less ownership
Funds ownership: 71.18% [Q2] → 69.62% (-1.56%) [Q3]
9% less capital invested
Capital invested by funds: $1.25B [Q2] → $1.14B (-$107M) [Q3]
Research analyst outlook
1 Wall Street Analyst provided 1 year price targets over the past 3 months
Low target
$16
60%
upside
Avg. target
$16
60%
upside
High target
$16
60%
upside
1 analyst rating
1 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Elvira Scotto 81% 1-year accuracy 26 / 32 met price target | 60%upside $16 | Outperform Maintained | 16 Oct 2024 |
Financial journalist opinion
Based on 8 articles about GEL published over the past 30 days
Neutral
Business Wire
2 days ago
Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Up to $575 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that receipt of tenders for an aggregate principal amount of $877,967,000 of our outstanding 8.0% senior notes due 2027 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation in connection with its previously announced cash tender offer (such transaction, the “Tender Offer”) to purchase up to $575 million aggregate principal amount outstanding of the Notes, as of 5:00 p.m., New York City.
Positive
Seeking Alpha
4 days ago
I Am Loading Up On These 2 High-Flying High-Yield Sectors For 2025
AI stocks have dominated the markets over the past few years. However, there are a few other sectors that have also shined over the past few years. I share two high-flying big dividend sectors that, I think, will continue to outperform in 2025.
Neutral
Business Wire
1 week ago
Genesis Energy, L.P. to Participate in Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at Wells Fargo's 23rd Annual Midstream, Energy & Utilities Symposium in New York City on December 10-11, 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.
Neutral
Business Wire
2 weeks ago
Genesis Energy, L.P. Announces Increase to Previously Announced Tender Offer for its 8.0% Senior Notes due 2027
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today, in connection with our previously announced cash tender offer (the “Tender Offer”) for our 8.0% Senior Notes due 2027 ( “Notes”), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the “Tender Offer Cap”), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as ame.
Neutral
Business Wire
2 weeks ago
Genesis Energy, L.P. Upsizes and Prices Public Offering of Senior Notes
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has priced a public offering of $600,000,000 in aggregate principal amount of 8.000% senior notes due 2033 (the “notes”). The offering of the notes was upsized from the previously announced $400,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initia.
Neutral
Business Wire
2 weeks ago
Genesis Energy, L.P. Announces Tender Offer for up to $385 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase up to $385 million (the “Tender Cap”) of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the “Tender Offer”). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made.
Neutral
Business Wire
2 weeks ago
Genesis Energy, L.P. Announces Public Offering of Senior Notes
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement, subject to market and other conditions, of a registered, underwritten public offering of $400,000,000 in aggregate principal amount of senior notes due 2033 (the “notes”). The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and initially will be guaranteed by all of our subsidiaries, other than our unrestricted subsidiaries. We intend to use the net proceeds from this of.
Neutral
Business Wire
3 weeks ago
Genesis Energy, L.P. Releases 2023 Sustainability Report
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the company's 2023 Sustainability Report is now available and can be accessed on the Company's website at https://www.genesisenergy.com/sustainability. The report shares our progress in the advancement of our corporate sustainability program and provides a review of Genesis Energy's performance for calendar year 2023 against various sustainability topics and metrics that are important to our industry and our busines.
Positive
Seeking Alpha
1 month ago
Buy The Dip: Big Dividend Growth Stocks Getting Way Too Cheap
High-yield dividend growth stocks have been on a strong run over the past four months. However, there are several that have not participated in the rally and have even dipped sharply in some cases. We share three examples of high-yielding dividend growers that have strong outlooks but are deeply discounted due to short-term issues.
Negative
Seeking Alpha
1 month ago
Genesis Energy: Short-Term Headwinds, Long-Term Potential
Genesis Energy recently posted disappointing results for Q3 2024 as they faced various short-term headwinds. Despite hurting their unit price, they still have long-term potential for significant distribution growth. Based upon their guidance for 2025 and beyond, their distributions could potentially double or more once they complete their major spending program.
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