GEL

MKT CAP:$2B

Genesis Energy, L.P.

Market Cap

$2B

Energy·Oil & Gas Midstream·🇺🇸 United States·NYSE

Energy·Oil & Gas Midstream·🇺🇸·NYSE

Stock Price

$17.20+$1.32 (+8.31%)

Apr 21, 2026

Company Details

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 oper...

CEO

Grant E. Sims

IPO Date

Nov 27, 1996

Website

www.genesisenergy.com

Key Metrics TTM

Revenue

$2.3B

— YoY

Net Income

$119M

EPS (Diluted)

$0.85

Free Cash Flow

$279M

Revenue / Share

$18.55

Gross Margin

15.1%

Operating Margin

13.9%

Net Margin

5.2%

FCF Margin

12.3%

P/S

0.9x

P/E

17.4x

Earnings Reports

Q1 2026

May 7, 2026

PENDING

Q4 2025

Feb 18, 2026

$441MEPS $0.04

FY 2023

Feb 23, 2024

$3.2BEPS $0.22

Q2 2023

Aug 3, 2023

$805MEPS $0.40

Q1 2019

May 3, 2019

$620MEPS $0.13

Revenue & Profitability

Quarter	Revenue	Gross Profit	Operating Income
Q1 16	$378M	$72M	$60M
Q3 16	$460M	$66M	$55M
Q2 17	$407M	$44M	$61M
Q1 19	$620M	$74M	$62M
Q2 23	$805M	$120M	$103M
Q4 25	$441M	$106M	$90M

Valuation

Quarter	P/S	P/E
Q1 16	—	—
Q3 16	—	—
Q2 17	—	—
Q1 19	1.1x	17.6x
Q2 23	0.9x	15.8x
Q4 25	0.9x	17.4x

Operating Cash Flow

Quarter	Operating CF	Free CF
Q1 16	$41M	-$77M
Q3 16	$125M	$9M
Q2 17	$119M	$54M
Q1 19	$114M	$84M
Q2 23	$164M	$49M
Q4 25	$116M	$92M

Capital Expenditures

Quarter	CapEx
Q1 16	$118M
Q3 16	$116M
Q2 17	$65M
Q1 19	$30M
Q2 23	$116M
Q4 25	$24M

CapEx

OpEx vs Revenue Growth (YoY)

Quarter	Revenue Growth	OpEx Growth
Q2 23	+112.6%	+120.3%
Q4 25	-4.2%	-13.3%

Stock-Based Compensation

Quarter	SBC ($)	% of Revenue
Q1 16	-$1M	-0.3%
Q3 16	$2M	0.4%
Q2 17	-$2M	-0.6%
Q1 19	$2M	0.3%
Q2 23	$0	0.0%
Q4 25	$0	0.0%

OpEx Breakdown

Quarter	G&A
Q1 16	$12M
Q3 16	$11M
Q2 17	$9M
Q1 19	$12M
Q2 23	$17M
Q4 25	$16M

War Chest

Quarter	Cash	Short-term Investments	Total
Q1 22	$15M	$0	$15M
Q2 22	$10M	$0	$10M
Q3 22	$24M	$0	$24M
Q4 22	$27M	$0	$27M
Q1 23	$18M	$0	$18M
Q2 23	$12M	$0	$12M
Q3 23	$40M	$0	$40M
Q4 23	$28M	$0	$28M
Q1 24	$7M	$0	$7M
Q2 24	$14M	$0	$14M
Q3 24	$13M	$0	$13M
Q4 24	$11M	$0	$11M
Q1 25	$377M	$0	$377M
Q2 25	$4M	$0	$4M
Q3 25	$5M	$0	$5M
Q4 25	$6M	$0	$6M

Shares Outstanding

Quarter	Shares (Diluted)	QoQ Change	YoY Change
Q1 16	110M	—	—
Q3 16	116M	+5.2%	—
Q2 17	123M	+5.9%	—
Q1 19	123M	+0.0%	—
Q2 23	123M	-0.0%	+11.5%
Q4 25	122M	-0.1%	+5.8%

Shares Outstanding

Revenue Per Employee

Period	Revenue/Employee	Employees
Q1 16	$270.3K	1K
Q3 16	$328.6K	1K
Q2 17	$338.9K	1K
Q1 19	$291.1K	2K
Q2 23	$381.5K	2K
Q4 25	$415.4K	1K

Revenue / Employee