Genesis Energy

Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment. The Sodium Minerals and Sulfur Services segment comprises Alkali and sulfur removal business. The Onshore Facilities and Transportation segment owns and leases suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading. The Marine Transportation segment provides transportation services by tank barge primarily for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil. The company was founded in 1996 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Genesis Energy reports robust Q4 earnings, eyes growth opportunities

Genesis Energy's Q4 2022 performance reflects financial strength and operational resilience, with a focus on improving leverage and capital structure. The company is optimistic about 2023, aiming to capitalize on growth opportunities in its core business segments and enhance shareholder value through potential capital returns.

Genesis Energy resilient in Q1 amidst challenges, eyes growth

Genesis Energy faced challenges in Q1 2023 due to cold weather impacting soda ash business, but reaffirmed its financial guidance, showcasing resilience and confidence.
The company's strong balance sheet, focus on long-term value creation, and positive performance in key segments position it well for future growth and profitability.
While challenges persist, opportunities in the transitioning soda ash market and strong performance in key segments offer avenues for continued success and value creation.
Management changes and ESG commitments underscore the company's strategic focus on sustainable growth and value creation, aligning with evolving market trends and investor preferences.

Genesis Energy surpasses Q2 expectations, anticipates significant cash flow growth

Genesis Energy delivered strong Q2 results, exceeding expectations and adjusting full-year guidance upwards. While facing challenges in some segments, the company remains optimistic about long-term prospects and anticipates significant cash flow growth. Genesis is focused on completing its capital program and enhancing shareholder returns.

Genesis Energy (GEL) surpasses Q3 expectations, eyes long-term growth

Genesis Energy's Q3 performance exceeded expectations, with a strong focus on long-term growth and value creation across its diversified business segments.
Despite short-term challenges in pricing and lease issues, the company remains optimistic about its fundamentals and is committed to returning value to stakeholders.
With a strategic approach to capital allocation and a resilient business model, Genesis Energy is poised for sustained growth and value creation in the future.

Genesis Energy (GEL) exceeds EBITDA guidance, eyes long-term growth

Genesis Energy's Q4 2023 earnings call highlighted strong financial performance, challenges in the soda ash business, and a focus on long-term value creation. Despite facing pricing pressures, the company remains optimistic about future growth opportunities and is committed to enhancing shareholder value.

Genesis Energy reports strong Q1 earnings, eyes improved pricing

Genesis Energy's Q1 2024 earnings call highlighted solid performance in Offshore Pipeline and Marine Transportation segments. Challenges persist in the Soda and Sulfur Services segment, with opportunities for improved pricing. Management's focus on financial strength and capital allocation positions the company well for future growth.

Genesis Energy projects strong growth, diversification drives resilience

Genesis Energy is poised for strong financial performance and growth, with a focus on long-term value creation and shareholder rewards.
Despite challenges in the Offshore segment, the company's diversified business model and strategic priorities support resilience and opportunity.
Opportunities for growth exist in new developments, improved market dynamics, and efficient capital allocation strategies.
Overall, Genesis Energy's performance, strengths, and opportunities outweigh challenges, positioning the company for sustained success and value creation.

Genesis Energy faces challenges but eyes growth in 2025

Genesis Energy navigated challenges in Q3 2024, with a focus on improving financial performance by year-end and anticipating growth in 2025.
Despite hurdles in the Offshore and Soda and Sulfur Services segments, the company remains committed to safe operations and long-term value creation.
Efforts to evaluate cost-cutting measures and generate excess cash flow by 2025 position Genesis Energy for future growth and financial stability.
Management's confidence in overcoming current challenges and delivering on financial goals underscores the company's resilience and strategic focus.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Genesis Energy, L.P. (GEL) Q4 2023 Earnings Call Transcript

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 2023: Net Income Attributable to Genesis Energy, L.P. of $12.0 million for the fourth quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $42.0 million for the same period in 2022. Cash Flows from Operating Activities of $124.8 million for the fourth quarter of 2023 compared to $81.8 million for t.

Genesis Energy, L.P. Reports Fourth Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Fourth Quarter ended December 31, 2023 on February 15, 2024, before the market opens. Genesis Energy, L.P.'s Fourth Quarter Earnings Conference Call will be held Thursday, February 15, 2024, at 9:00 a.m. Central time (10:00 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. Choose the Investor Relations button. For those unable to attend the live broadcast, a replay will be availab.

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

Altus Power

Northern Oil and Gas

The oil market has been on a roller coaster ride in the past few years, with prices fluctuating wildly due to various factors like pent-up travel demand post-COVID and geopolitical tensions between Western nations and Russia. Brent crude prices are now sitting around $78/bbl, well below where it was in mid-September 2023, above $90/bbl.

3 Energy Stocks to Sell in January Before They Crash and Burn

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the company's 2022 Sustainability Report is now available and can be accessed on the Company's website at https://www.genesisenergy.com/sustainability. The report advances our disclosures and provides a review of Genesis Energy's performance for calendar year 2022 against various sustainability topics and metrics that are important to our industry and our business. Genesis Energy, L.P. is a diversified midstream ene.

Genesis Energy, L.P. Releases 2022 Sustainability Report

Genesis Energy reported better-than-expected 3Q23 results, with adjusted EBITDA of $191M vs $178M/$174M consensus/our estimate. The company affirmed its guidance for adjusted EBITDA of $725-$745M for full year 2023. Assuming 1.5 standard deviations below the five-year EV/EBITDA multiple suggests Genesis Energy could more than double by the end of 2025.

Genesis Energy: Q3 Beat, Guidance Maintained, Modest Raise To EBITDA And Longer-Term Outlook

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 (the “Notes”) that we co-issued with our subsidiary, Genesis Energy Finance Corporation, expired at 5:00 p.m., New York City time, on December 6, 2023 (the “Expiration Time”). As of the Expiration Time, $513,984,000 aggregate principal amount of the outstandin.

Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any and All of Aggregate Principal Amount of Its 6.500% Senior Notes Due 2025

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the 2023 Wells Fargo Midstream & Utilities Symposium in New York City on December 6-7, 2023. 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 partnership headquartere.

Genesis Energy, L.P. to Participate in the 2023 Wells Fargo Midstream & Utilities Symposium

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the Capital One Securities Energy Conference in Houston, TX on December 5, 2023. 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 partnership headquartered in Houston, Te.

Genesis Energy, L.P. to Participate in the Capital One Securities Energy Conference

Genesis Energy is set to benefit from two major projects, including the expansion of its soda ash facility and the SYNC Pipeline and CHOPs expansion project in the GoM. The company will be a huge beneficiary when the soda ash market eventually rebounds. While the stock carries risk due to its balance sheet and exposure to soda ash prices, it looks like a solid speculative "Buy."

Genesis Energy: 2025 Could Be A Big Year

Microsoft

Adobe

A. O. Smith

Celestica

CrowdStrike

Dropbox

New Oriental Education & Technology Group

Euronav

Gen Digital Inc

Hess Midstream Partners

Howmet Aerospace

Dorian LPG

Stride

Lululemon Athletica

MongoDB

NuStar Energy

Open Text

Palo Alto Networks

Ross Stores

Skechers U.S.A.

Teradata

Urban Outfitters

Vertex, Inc.

Zscaler

PANW, CRWD, MDB and MSFT stock make this screen of 25 stocks to watch in the top-performing industry groups.

AI Boom Lifts Microsoft, PANW Onto Screen Of 25 Stocks To Watch

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025 that we co-issued with our subsidiary, Genesis Energy Finance Corporation. As of November 30, 2023, $534,834,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmitt.

Genesis Energy, L.P. Announces Tender Offer for Any and All of Aggregate Principal Amount of Its 6.500% Senior Notes Due 2025

Genesis Energy, L.P. (NYSE:GEL ) Q3 2023 Earnings Conference Call November 2, 2023 10:30 AM ET Company Participants Dwayne Morley - Vice President, Investor Relations Grant Sims - Chief Executive Officer Kristen Jesulaitis - Chief Financial Officer and CLO Ryan Sims - President and CCO Louie Nicol - Chief Accounting Officer Conference Call Participants Operator Greetings.

Genesis Energy, L.P. (GEL) Q3 2023 Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its third quarter results. We generated the following financial results for the third quarter of 2023: Net Income Attributable to Genesis Energy, L.P. of $58.1 million for the third quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $3.4 million for the same period in 2022. Cash Flows from Operating Activities of $141.0 million for the third quarter of 2023 compared to $94.3 million for the sa.

Genesis Energy, L.P. Reports Third Quarter 2023 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) will announce its earnings for the Third Quarter ended September 30, 2023 on November 2, 2023, before the market opens. Genesis Energy, L.P.'s Third Quarter Earnings Conference Call will be held Thursday, November 2, 2023, at 9:30 a.m. Central time (10:30 a.m. Eastern time). This call can be accessed at www.genesisenergy.com. For those unable to attend the live broadcast, a replay will be available beginning approximately one hour after.

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

Apple Hospitality REIT

VAALCO Energy

FAT Brands

Gaming and Leisure Properties

Hannon Armstrong Sustainable Infrastructure Capital

KeyCorp

In the fast-paced world of investing, high-yield dividend stocks are becoming a beacon for those craving both stability and robust returns. Amid a financial landscape punctuated by unpredictable layoffs and persistent inflation, these dividend giants offer a silver lining.

7 High-Yield Dividend Stocks That Get the Analyst Thumbs Up

Halliburton

The oil market has been on a roller coaster ride in the past few years, with prices fluctuating wildly due to various factors such as pent-up travel demand post-COVID and geopolitical tensions between Western nations and Russia. While crude oil prices are expected to rebound in the second half of 2023, thanks to OPEC+ production cuts and falling oil inventories, not every oil and gas company will be positioned to benefit from this trend and provide shareholders with the best returns.

3 Oil & Gas Stocks You'll Regret Not Selling Now

Antero Midstream Partners

Baker Hughes Co

Calumet Inc

Dominion Energy

HF Sinclair Corp

Delek US Hlds

Delek Logistics Partners

Enbridge

Equitrans Midstream

Holly Energy Partners

Kinder Morgan

Cheniere Energy

Martin Midstream Partners

ONEOK

Plains All American Pipeline

Plains GP Hlds

Tellurian

Targa Resources

TC Energy

Western Gas Partners

Williams

Energy was the best-performing S&P 500 sector, notably outperforming technology shares. The fundamental setup for oil and oil-related equities remains bullish. Energy stocks are likely to continue to outperform as higher oil prices raise concerns about inflation and higher interest rates.

Energy Income Weekly: The Energy Sector Starts To Outperform

Genesis Energy 2Q23 EBITDA beat: Adjusted EBITDA came in at $198M vs $188M/$199M consensus/our estimate. Segment margin beat at $215M vs $206M as Minerals beat while Offshore Pipeline was light. Guidance Lowered: Adjusted EBITDA reduced to $725-$745M from $780-$810M EBITDA, mainly on weaker than expected Soda Ash pricing for the remainder of 2023. Longer Term above average return opportunity remains: Assuming 1.5 standard deviations below the five-year average still suggests ~70% upside by the end of 2024.

Genesis Energy: LT Outlook Remains Strong Despite Lowered Guidance Following Q2 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will host investor meetings at the Citi One-on-One Midstream / Energy Infrastructure Conference in Las Vegas, NV on August 22-23, 2023. 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 partnership head.

Genesis Energy, L.P. to Participate in the Citi One-on-One Midstream / Energy Infrastructure Conference

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its Board of Directors has approved a common equity repurchase program authorizing the repurchase of up to 10 percent of its outstanding Class A common units (the “Program”). Grant Sims, Chairman and CEO, commented, “As discussed in last week's earnings release, the outlook for Genesis remains constructive, and we continue to have a clear line of sight to generating cash flow of roughly $200 to $300 million per year.

Genesis Energy, L.P. Authorizes Common Unit Repurchase Program

Genesis Energy, L.P. (NYSE:GEL ) Q2 2023 Earnings Conference Call August 3, 2023 9:00 AM ET Company Participants Dwayne Morley - Vice President-Investor Relations Grant Sims - Chief Executive Officer Ryan Sims - President & Chief Commercial Officer Conference Call Participants TJ Schultz - RBC Michael Blum – Wells Fargo Operator Good morning, ladies and gentlemen, and welcome to the Genesis Energy Second Quarter 2023 Earnings Conference Call.

Genesis Energy, L.P. (GEL) Q2 2023 Earnings Call Transcript

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 2023: Net Income Attributable to Genesis Energy, L.P. of $49.3 million for the second quarter of 2023 compared to Net Income Attributable to Genesis Energy, L.P. of $35.3 million for the same period in 2022. Cash Flows from Operating Activities of $157.7 million for the second quarter of 2023 compared to $104.0 million for.

Genesis Energy, L.P. Reports Second Quarter 2023 Results

Strong return opportunity: even assuming 6.5x-7.5x 2024E EBITDA (~1.9 to 2.9 std dev below 5-year avg), Genesis Energy, L.P. units value at $17-$24/unit, or ~73%-144% upside over the next 18 months. Genesis Energy Q1 2023 Segment Margin: missed on rail disruption in soda ash business and was in line or beat in other segments. Guidance Affirmed: $780-$810M EBITDA for 2023 affirmed, which is conservative, because it assumes a worldwide recession.

Genesis Energy: Strong Outlook Despite Slight Q1 Miss, Maintain Strong Buy

CSI Compressco

Cenovus Energy

VanEck Vectors Oil Services ETF

Pembina Pipeline

Transocean

Sitio Royalties Corp

Viper Energy Partners LP

Energy Select Sector SPDR Fund

SPDR S&P Oil & Gas Exploration & Production ETF

Energy shares traded aimlessly on low volume until indicators pointed to a tightening oil market late in the week. Friday saw dramatic outperformance in response to improving oil market fundamentals despite heightened macro concerns. The late-week price action suggests further oil market tightening will push oil-related equities higher over the coming months.

Energy Income Weekly: The Week's Price Action Bodes Well For The Second Half

News for Genesis Energy Stock (GEL)