GEL icon

Genesis Energy

15.68 USD
-0.01
0.06%
Updated Apr 1, 3:36 PM EDT
1 day
-0.06%
5 days
-2.06%
1 month
18.70%
3 months
48.63%
6 months
16.15%
Year to date
48.63%
1 year
38.15%
5 years
333.15%
10 years
-66.26%
 

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 7,398 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory filings by fund managers ($100M+ AUM)

67% more call options, than puts

Call options by funds: $10.9M | Put options by funds: $6.52M

23% more repeat investments, than reductions

Existing positions increased: 37 | Existing positions reduced: 30

23% more first-time investments, than exits

New positions opened: 16 | Existing positions closed: 13

0% more funds holding

Funds holding: 115 [Q3] → 115 (+0) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]

1.13% less ownership

Funds ownership: 73.1% [Q3] → 71.97% (-1.13%) [Q4]

26% less capital invested

Capital invested by funds: $1.2B [Q3] → $887M (-$310M) [Q4]

Research analyst outlook

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

Low target
$15
4%
downside
Avg. target
$16.50
5%
upside
High target
$18
15%
upside

2 analyst ratings

positive
100%
neutral
0%
negative
0%
RBC Capital
Elvira Scotto
82% 1-year accuracy
28 / 34 met price target
4%downside
$15
Outperform
Maintained
17 Mar 2025
Wells Fargo
Michael Blum
68% 1-year accuracy
25 / 37 met price target
15%upside
$18
Overweight
Upgraded
17 Mar 2025

Financial journalist opinion

Based on 7 articles about GEL published over the past 30 days

Neutral
Business Wire
3 weeks ago
Genesis Energy, L.P. Provides Update on Balance Sheet Simplification
HOUSTON--(BUSINESS WIRE)--Genesis Energy LP (NYSE: GEL) today announced an update on its recent and near-term expected deployment of the approximately $1.010 billion in cash, net of estimated transaction costs and expenses, it received on Friday, February 28, 2025, from the sale of its Alkali Business. In summary, Genesis has: Paid its senior secured revolving credit facility to zero which will result in saving approximately $25 million in annual cash interest expense; Called the remaining 8.0%.
Genesis Energy, L.P. Provides Update on Balance Sheet Simplification
Neutral
Business Wire
3 weeks ago
2024 K-1 Tax Packages for Genesis Energy, L.P.
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the 2024 tax packages, including Schedule K-1s, are now available online. The 2024 tax package may be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/Genesis or through the K-1 Tax Information link on our website at www.genesisenergy.com. The partnership expects to complete mailing of the 2024 Genesis Energy, L.P. tax packages by Tuesday, March 11th, 2025. For additional information.
2024 K-1 Tax Packages for Genesis Energy, L.P.
Neutral
Business Wire
4 weeks ago
Genesis Energy, L.P. Extends Common Unit Repurchase Program
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its Board of Directors has extended its common equity repurchase program for its outstanding Class A common units (the “Program”). The Program, approved on August 8, 2023, was originally scheduled to expire on December 31, 2024. The Board has extended the Program through December 31, 2026, unless expanded and extended prior thereto. To date, Genesis has purchased only 114,900 Class A common units under the Program.
Genesis Energy, L.P. Extends Common Unit Repurchase Program
Neutral
Business Wire
4 weeks ago
Genesis Energy, L.P. Announces Senior Notes Redemption
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it will redeem the entire outstanding principal amount of its 8.0% senior notes due 2027 (the “Notes”) that were co-issued with its subsidiary, Genesis Energy Finance Corporation. As of March 3, 2025, $406,245,000 in aggregate principal amount of the Notes were outstanding. The redemption date for the Notes is April 3, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption pr.
Genesis Energy, L.P. Announces Senior Notes Redemption
Neutral
Business Wire
4 weeks ago
Genesis Energy, L.P. Files Form 10-K
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. A copy of this Form 10-K may be found on the Partnership's website at https://www.genesisenergy.com/investors/sec-filings. A hard copy of the Form 10-K may be requested free of charge by emailing InvestorRelations@genlp.com. Genesis Energy, L.P. is a diversified midstream energy master.
Genesis Energy, L.P. Files Form 10-K
Neutral
Reuters
4 weeks ago
Genesis Energy sells soda ash operations for $1.43 bln
Genesis Energy said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion.
Genesis Energy sells soda ash operations for $1.43 bln
Neutral
Business Wire
4 weeks ago
Genesis Energy, L.P. Announces the Sale of its Soda Ash Operations
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has closed a transaction to sell its soda ash manufacturing and related operations (the “Alkali Business”) to an indirect affiliate of WE Soda Ltd. Transaction highlights include: The implied enterprise value of the Alkali Business is $1.425 billion, inclusive of working capital at closing; The ORRI bonds, with approximately $390 million of remaining principal net of restricted cash, will stay in place and be an.
Genesis Energy, L.P. Announces the Sale of its Soda Ash Operations
Positive
Seeking Alpha
1 month ago
Genesis Energy: Reaching An Inflection Point
Genesis Energy is nearing an inflection point with major capital projects nearly complete, leading to reduced capex and increased free cash flow. Management's focus on cost-cutting and debt reduction positions the company for higher distributions and improved financial health. With a projected adjusted EBITDA of $700 million in 2025, management has a clear pathway to improve the balance sheet.
Genesis Energy: Reaching An Inflection Point
Neutral
Seeking Alpha
1 month ago
Genesis Energy, L.P. Class A Common Units (GEL) Q4 2024 Earnings Call Transcript
Genesis Energy, L.P. Class A Common Units (NYSE:GEL ) Q4 2024 Earnings Conference Call February 13, 2025 10:00 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chairman and Chief Executive Officer Conference Call Participants Michael Blum - Wells Fargo Wade Suki - Capital One Operator Greetings and welcome to Genesis Energy Fourth Quarter 2024 Earnings Conference Call.
Genesis Energy, L.P. Class A Common Units (GEL) Q4 2024 Earnings Call Transcript
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Reports Fourth Quarter 2024 Results
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2024: Net Loss Attributable to Genesis Energy, L.P. of $49.4 million for the fourth quarter of 2024 compared to Net Income Attributable to Genesis Energy, L.P. of $12.0 million for the same period in 2023. Cash Flows from Operating Activities of $74.0 million for the fourth quarter of 2024 compared to $124.8 million for the.
Genesis Energy, L.P. Reports Fourth Quarter 2024 Results
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