Genesis Energy, L.P. (GEL) Stock Price & Analysis
Genesis Energy, L.P. (GEL) closed at USD 13.9 on Thursday, October 22, 2026, down 0.93% on the day. The US market is currently closed (pre-market); this is not a live price.
The prior close was USD 14.03; the Oct 22, 2026 session ranged USD 13.75–14.03 on volume of 130,037 shares. Market capitalization is $1.70B, with a 52-week range of USD 13.55–18.64 (NYQ). Source: Nexqual, retrieved October 23, 2026 at 10:11 UTC.
Also available as compact Markdown for AI agents: nexqual.com/GEL.md
Key facts (GEL)
- Last four reported quarters (through Jun 30, 2026): revenue $1.83B, net income $78.7M (4.3% margin), free cash flow $340M (SEC filings).
- Valuation: P/E 21.6x (avg 12.1x at the last 1 fiscal year-ends), EV/EBITDA 8.1x, net debt $3.16B.
- Insider open-market purchases, last ~7 months: 1 Form 4 filing, $202K; 1 by opportunistic insiders, 0 by routine insiders.
- Analysts: Buy (mean 1.67 on a 1–5 scale) (3 analysts), mean target USD 18 (range 17–19).
- Total return with dividends: 1Y -8.4% vs S&P 500 +14.9%; 5Y +62.5% vs S&P 500 +80.3%.
- Next earnings: 2026-11-05, EPS estimate USD -0.18, revenue estimate $0K.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (GEL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Revenue | $2.13B | $2.79B | $1.72B | $1.66B | $1.63B | $1.83B |
| Operating income | $75.7M | $315M | $205M | $170M | $258M | $351M |
| Net income | -$165M | $75.5M | $118M | -$63.9M | -$440M | $78.7M |
| EPS (diluted) | -$1.96 | -$0.04 | $0.22 | -$1.24 | -$4.19 | — |
| Free cash flow | $36.6M | -$89.8M | -$98.9M | -$195M | $65.9M | $340M |
| Operating margin | 3.6% | 11.3% | 11.9% | 10.2% | 15.8% | 19.1% |
| Net margin | -7.8% | 2.7% | 6.8% | -3.9% | -27.0% | 4.3% |
| Revenue growth | +16.5% | +31.2% | -38.3% | -3.5% | -1.8% | — |
| Cash + short-term investments | $20.0M | $7.9M | $9.2M | $7.4M | $6.4M | — |
| Total debt | $2.98B | $3.46B | $3.76B | $3.73B | $3.05B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (GEL)
P/E 21.6x · P/S 0.9x · EV/EBITDA 8.1x · EV/Sales 2.6x · P/FCF 5.0x · FCF yield 19.99% · Earnings yield 4.63% · Net debt $3.16B · EV $4.86B
P/E at fiscal year-ends: Dec 2023 12.1x.
Insider purchases (SEC Form 4, open-market, last ~7 months) (GEL)
1 purchase, $202K. Private placements, offerings, dividend reinvestment and employee stock purchase plan buys are excluded.
| Trade date | Insider | Role | Shares | Value | Avg price | Insider type |
|---|---|---|---|---|---|---|
| 2026-05-18 | Gaspard Garland G | Senior Vice President | 12,340 | $202K | 16.34 | Opportunistic (traded every year 2023–2025, no repeating month) |
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.
Analysts (GEL)
Consensus Buy (mean 1.67 on a 1–5 scale), 3 analysts; mean target USD 18 (low 17, high 19).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-13 | RBC Capital | Target lowered | Outperform | $18 → $17 |
| 2026-07-21 | RBC Capital | Target lowered | Outperform | $20 → $18 |
Total return (dividends reinvested) (GEL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-18) | |
|---|---|---|
| Total return | -8.4% | +62.5% |
| S&P 500 (SPY) | +14.9% | +80.3% |
| Per year | -8.4% | +10.2% |
| Volatility (annualized) | 27.2% | 40.2% |
| Max drawdown | -24.2% (Mar 2026→Oct 2026) | -36.8% (Nov 2021→Jul 2022) |
GEL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Onshore transportation and services | $293.5M | 55.2% | +70.1% |
| Onshore transportation and services | $290.9M | 54.7% | +68.8% |
| Offshore pipeline transportation | $160.1M | 30.1% | +27.7% |
| Marine transportation | $80.9M | 15.2% | +1.7% |
| Total revenue | $532.0M | 100% | — |
GEL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Onshore transportation and services | $290.9M | 54.7% | +68.8% |
| Fee-based revenues | $160.1M | 30.1% | +27.7% |
| Offshore pipeline transportation | $160.1M | 30.1% | +27.7% |
| Marine transportation | $80.9M | 15.2% | +1.7% |
| Total revenue | $532.0M | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
GEL suppliers, customers and competitors (named in its 10-K)
| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | HF Sinclair Corp (DINO) | “A majority of the NaHS we receive is sourced from refineries owned and operated by large companies, including Phillips 66, CITGO, HF Sinclair, Calumet and Ergon.” |
| Supplier | Calumet | “A majority of the NaHS we receive is sourced from refineries owned and operated by large companies, including Phillips 66, CITGO, HF Sinclair, Calumet and Ergon.” |
| Customer | ExxonMobil (XOM) | “Some of our largest customers include Exxon Mobil Corporation, MV Purchasing, BP, Shell, and Phillips 66.” |
| Partner | TIDEWATER INC (TDW) | “Even though (i) the Tidewater case did not involve a publicly traded partnership and it was not decided under Section 7704 of the Internal Revenue Code relating to "qualifying income," (ii) some experienced practitioners believe the decision was not well reasoned, (iii) the IRS stated in an Action on Decision (AOD 2010-01) that it disagrees with and will not acquiesce to the Fifth Circuit's marine time charter ana…” |
| Partner | Delaware Revised Uniform | “Under Section 17-607 of the Delaware Revised Uniform Limited Partnership Act, we may not make a distribution to you if the distribution would cause our liabilities to exceed the fair value of our assets.” |
| Partner | Poseidon Oil Pipeline Company | “We participate in several joint ventures, including, in our offshore pipeline transportation segment, a 64% interest in Poseidon Oil Pipeline Company, L.L.C. ("Poseidon"), a 29% interest in Odyssey Pipeline L.L.C. ("Odyssey"), a 26.8% interest in Paloma Pipeline Company ("Paloma"), and a 25.7% interest in Neptune Pipeline Company, LLC, ("Neptune").” |
| Partner | Odyssey Pipeline | “We participate in several joint ventures, including, in our offshore pipeline transportation segment, a 64% interest in Poseidon Oil Pipeline Company, L.L.C. ("Poseidon"), a 29% interest in Odyssey Pipeline L.L.C. ("Odyssey"), a 26.8% interest in Paloma Pipeline Company ("Paloma"), and a 25.7% interest in Neptune Pipeline Company, LLC, ("Neptune").” |
| Partner | Neptune Pipeline Company | “We participate in several joint ventures, including, in our offshore pipeline transportation segment, a 64% interest in Poseidon Oil Pipeline Company, L.L.C. ("Poseidon"), a 29% interest in Odyssey Pipeline L.L.C. ("Odyssey"), a 26.8% interest in Paloma Pipeline Company ("Paloma"), and a 25.7% interest in Neptune Pipeline Company, LLC, ("Neptune").” |
Quoted from the company's 10-K filed Feb 18, 2026.
GEL customer concentration
In the period ended Dec 31, 2024, a single direct customer accounted for 11% of revenue, per the company's 10-K filed Feb 18, 2026. The company does not name it.
GEL company outlook (results filed Aug 6, 2026)
- “Grant Sims, CEO of Genesis Energy, said, "Our second quarter results for 2026 came in broadly in line with, if not slightly ahead of, our internal expectations.”
- “Once this well intervention is completed, we understand such well should be returned to production and the rig will move approximately 17 miles back to Monument to drill a second well, which is expected to be completed and turned to production in the first quarter of 2027.”
- “After the first two wells from Monument are producing, we would anticipate two additional wells to be drilled, completed and turned to production in the Shenandoah field during 2027.”
- “In addition, it is anticipated that the first of two locations in the Shenandoah South field will be drilled and tied back to the Shenandoah FPU in 2028.”
Quoted word-for-word from the SEC 8-K results press release.
GEL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $-0.18 | $0.03 | -700.0% | $0 | 1 |
| Next quarter (ends Dec 2026) | $-0.04 | $0.06 | -166.7% | $0 | 1 |
| Current fiscal year (ends Dec 2026) | $-0.02 | $0.06 | -133.3% | $1.79B | 1 |
| Next fiscal year (ends Dec 2027) | $0.08 | $0.30 | -73.3% | $1.69B | 1 |
GEL options: expected move
Options price a move of about ±11.9% (±$1.65) by Dec 18, 2026, which includes earnings on Nov 5, 2026. Over the last 8 reports the stock moved ±4.8% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Dec 18, 2026 | 56 | 29.1% | ±11.9% |
| Mar 19, 2027 | 147 | 26.3% | ±15.6% |
30-day implied volatility 35.3% vs 24% realized over the last 30 trading days. Put/call ratio (volume) 75. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 10:11 UTC)
| Price | USD 13.9 |
|---|---|
| Change | ▼ 0.93% (down) |
| Previous Close | USD 14.03 |
| Open | USD 14.03 |
| Day Range | USD 13.75 – 14.03 |
| 52-Week Range | USD 13.55 – 18.64 |
| Volume | 130,037 shares |
| Market Cap | $1.70B |
| Exchange | NYQ |
Technical Analysis (GEL)
Nexqual's technical model rates GEL "SELL" based on 1 bullish and 5 bearish signals across 127 daily candles, as of October 23, 2026 at 10:11 UTC.
| Overall Signal | SELL |
|---|---|
| RSI (14) | 36.29 (neutral) |
| vs SMA50 | Below (USD 15.08) |
| MACD | -0.25 (negative) |
Analyst Ratings (GEL)
Wall Street analysts rate GEL "Buy" based on 3 analysts, with a mean price target of USD 18 (range USD 17–19), per Nexqual as of October 23, 2026 at 10:11 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 3 |
| Mean Target | USD 18 |
| High Target | USD 19 |
| Low Target | USD 17 |
| Buy / Hold / Sell | 3 / 0 / 0 |
Earnings (GEL)
| Next Earnings Date | 2026-11-05 |
|---|
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.26 vs est 0.02 ▲ beat |
| 2026-03-31 | USD -0.06 vs est 0.16 ▼ miss |
| 2025-12-31 | USD 0.04 vs est 0.28 ▼ miss |
| 2025-09-30 | USD -0.05 vs est 0.13 ▼ miss |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financials & Fundamentals (GEL)
| Total Revenue | $1.83B |
|---|---|
| Revenue Growth (latest quarter, YoY) | +41.00% |
| Gross Margin | +35.08% |
| Operating Margin | +17.28% |
| Profit Margin | +4.29% |
| ROE | +22.70% |
| Debt / Equity | 7.08 |
| Current Ratio | 0.93 |
| Total Cash | $39.26M |
| Total Debt | $3.20B |
| Free Cash Flow (last four quarters to Jun 2026, SEC 10-Q / 10-K) | $339.64M (18.5% of revenue) |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Financial Health Score (GEL)
Nexqual rates Genesis Energy, L.P.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 10:11 UTC.
| Growth | Critical — Revenue -45% YoY (annual), sharp decline |
|---|---|
| Profitability | Solid — Gross margin 35%, operating 17% (last 12 months) |
| Balance Sheet | Critical — $39M cash and investments vs $3.20B debt (Jun 2026, SEC) |
| Cash Flow | Strong — FCF $340M (last 4 quarters to Jun 2026, SEC), 19% margin |
| Efficiency | Strong — ROE 23%, ROA 3.8% |
Ownership (GEL)
| Insider Ownership | +11.37% |
|---|---|
| Institutional Ownership | +78.14% |
| Shares Outstanding | 122.17M |
| Float | 108.31M |
| Short % of Float | +3.90% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
Leadership (GEL)
Genesis Energy, L.P. is led by Grant E. Sims, Chairman & CEO of Genesis Energy LLC, per Nexqual as of October 23, 2026 at 10:11 UTC.
| Chairman & CEO of Genesis Energy LLC | Grant E. Sims |
|---|---|
| President & Chief Commercial Officer - Genesis Energy LLC | Ryan S. Sims |
| Chief Financial Officer & Chief Legal Officer of Genesis Energy LLC | Kristen O. Jesulaitis |
| Senior Vice President of Operations & Engineering - Genesis Energy LLC | Garland G. Gaspard |
| Vice President of Business Development & Investor Relations - Genesis Energy LLC | Dwayne R. Morley |
Major Backers & Investors (GEL)
Notable institutional backers of Genesis Energy, L.P. include ALPS ETF TRUST-ALERIAN MLP ETF, Alps Advisors Inc., Invesco, according to Nexqual as of October 23, 2026 at 10:11 UTC.
Active Investors
| Investor | Stake |
|---|---|
| ALPS ETF TRUST-ALERIAN MLP ETF | 21.35% |
| Alps Advisors Inc. | 20.33% |
| Invesco | 15.45% |
| AIM Investment Fd.s -Invesco SteelPath MLP Income Fd. | 14.81% |
| GLOBAL X FUNDS-Global X MLP ETF | 6.94% |
| Mirae Asset Global ETFs Holdings Ltd. | 6.32% |
| Morgan Stanley | 3.98% |
| Goldman Sachs | 3.55% |
Source: Nexqual, October 23, 2026 at 10:11 UTC.
From Genesis Energy, L.P.'s Latest SEC 10-K Filing (filed 2026-02-18)
Key Strengths & Strategy (as disclosed to the SEC)
- The Manta Ray Offshore Gathering System gathers natural gas from producing fields located in the Green Canyon, Southern Green Canyon, Ship Shoal, South Timbalier and Ewing Bank areas of the Gulf of America for delivery to numerous downstream pipelines, including the Nautilus System.
- Our Texas System also transports crude oil from Hastings Junction (south of Houston, Texas) to several delivery points near Houston, Texas (including our Webster, Texas facility).
- To provide sulfur removal services, we apply our proprietary technology, which uses large quantities of caustic soda (the primary raw material used in our process) to act as a scrubbing agent under prescribed temperature and pressure to remove sulfur.
- We are one of the leading providers of crude oil and petroleum product transportation, storage and other handling services for two large, complex refineries in Baton Rouge, Louisiana and Baytown, Texas, both of which have been operational for over 100 years. •Our businesses encompass a balanced, diversified portfolio of customers, operations and assets.
Partnerships
- A term contract is an agreement with a customer to move cargo for a specific period of time, and may involve multiple trips to various destinations.
- A spot contract is an agreement with a customer to move cargo from a specific origin to a designated destination for a rate negotiated at the time the cargo movement takes place.
Legal & Regulatory Risks (Item 1A, quoted)
- Climate change legislation and regulatory initiatives may decrease demand for the products we store, transport and sell and increase our operating costs.
- Changes in environmental laws could increase costs and harm our business, financial condition and results of operations.
- Risks Related to Our Partnership Structure
- Our Class B Common Units may be transferred to a third party without unitholder consent, which could affect our strategic direction.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| GLP | Global Partners LP | USD 48.53 | ▼ 0.8% |
| NAT | Nordic American Tankers Limited | USD 7.54 | ▼ 0.53% |
| TEN | Tsakos Energy Navigation Ltd | USD 51.65 | ▼ 1.39% |
| PBT | Permian Basin Royalty Trust | USD 33.27 | ▼ 1.04% |
| FLNG | FLEX LNG Ltd. | USD 27.94 | ▲ 0.04% |
| LPG | Dorian LPG Ltd. | USD 51.44 | ▼ 1.83% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 10:11 UTC. This page is informational and not investment advice.
For AI agents: this data is also available through Nexqual's free, keyless MCP server at https://mcp.nexqual.com/mcp; every result includes source_url, as_of and cite_as. More: nexqual.com/agents · llms.txt