GE
Genesis Energy LP
GEL—
Genesis Energy LP AI Insights
Informational only. Not investment advice.Snapshot
- Debt/Equity of 12.2x with 3.1B debt vs 253M equity; interest expense (281M TTM) exceeds operating income (268M TTM)[Debt to Equity]
- Tangible book value is NEGATIVE (-127M) - goodwill (302M) exceeds total equity (253M), masking true leverage[Tangible Book Value]
- Gross profit up 48% YoY while revenue down 17% over 3Y - margin recovery amid structural revenue decline[Gross Profit 1Y Growth]
Watch Triggers
- Interest Expense TTM: Exceeds EBITDA (currently 281M vs 512M) — Would signal imminent liquidity crisis and potential covenant breach
- Free Cash Flow TTM: Turns positive (currently -68M) — Positive FCF would indicate self-funding capability without asset sales
- Total Debt: Reduction below 2.5B (currently 3.1B) — Meaningful deleveraging would reduce equity wipeout risk
Bull Case
Operating margin 9.3% TTM near industry median (27%) with 48% gross profit growth signals operational turnaround potential if debt restructured
Operating Margin TTMGross Profit 1Y Growth
P/S ratio 0.67x vs industry median 2.6x - deep discount if capital structure stabilizes
P/S RatioEnterprise Value
Bear Case
Capital structure unsustainable: 12.2x D/E, negative tangible equity, interest exceeds operating income - equity wipeout risk in downturn
Debt to EquityInterest Expense TTMTangible Book Value
Revenue declined 17% over 3Y and 1.4% over 5Y - secular decline in core business limits deleveraging path
Total Revenue 3Y GrowthTotal Revenue 5Y Growth
Bull vs Bear Balance
AI-generated sentiment analysis based on fundamental metrics and market conditions.
25%
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Forward Thesis
Debt refinancing or asset sales required within 1-3Y as interest burden consumes all operating income
1-3yhigh
- Interest expense 281M vs operating income 268M TTM
- Net loss of 510M TTM despite positive EBITDA
- Cash position only 5M with negative FCF
Interest expense/EBIT ratio >1.0x TTMFCF negative 68M TTMCash 5M vs 3.1B debt
Valuation Context
Caveats
Public Strategies Rankings
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GEL Fundamentals
Transportation and Warehousing → Pipeline Transportation
| Metric | Value | YoY Growth | Industry Percentile |
|---|---|---|---|
$2.1B | — | ||
$5.19B | — | ||
0.00 | — | ||
$2.89B | -4.0% | — | |
$-1.03 | — | ||
9.26% | +1.1% | — | |
-17.6% | -17.5% | — | |
$-68.15M | — | ||
-0.70 | -70.3% | — | |
Beta 5Y (Monthly) | unknown | — |
GEL Dividend History
102 dividends
2026
$0.180001/30/26$0.1800
2025
$0.660010/31/25$0.1650
07/31/25$0.1650
04/30/25$0.1650
01/31/25$0.1650
2024
$0.615010/31/24$0.1650
07/31/24$0.1500
04/29/24$0.1500
01/30/24$0.1500
2023
$0.600010/30/23$0.1500
07/28/23$0.1500
04/27/23$0.1500
01/30/23$0.1500
2022
$0.600010/28/22$0.1500
07/28/22$0.1500
04/28/22$0.1500
01/28/22$0.1500
2021
$0.600010/28/21$0.1500
07/29/21$0.1500
04/29/21$0.1500
01/28/21$0.1500
2020
$1.000010/29/20$0.1500
07/30/20$0.1500
04/30/20$0.1500
01/30/20$0.5500
2019
$2.200010/30/19$0.5500
07/30/19$0.5500
04/30/19$0.5500
01/30/19$0.5500
2018
$2.100010/30/18$0.5400
07/30/18$0.5300
04/30/18$0.5200
01/30/18$0.5100
2017
$2.652510/30/17$0.5000
07/27/17$0.7225
04/26/17$0.7200
01/27/17$0.7100
2016
$2.717510/26/16$0.7000
07/27/16$0.6900
04/27/16$0.6725
01/27/16$0.6550
2015
$2.470010/28/15$0.6400
07/29/15$0.6250
04/29/15$0.6100
01/29/15$0.5950
2014
$2.230010/29/14$0.5800
07/30/14$0.5650
04/29/14$0.5500
01/29/14$0.5350
2013
$2.015010/30/13$0.5225
07/30/13$0.5100
04/29/13$0.4975
01/30/13$0.4850
2012
$1.822510/31/12$0.4725
07/30/12$0.4600
04/27/12$0.4500
01/30/12$0.4400
2011
$1.650011/01/11$0.4275
08/03/11$0.4150
04/29/11$0.4075
01/31/11$0.4000
2010
$1.490010/29/10$0.3875
07/30/10$0.3750
04/30/10$0.3675
02/03/10$0.3600
2009
$1.365010/29/09$0.3525
07/31/09$0.3450
04/30/09$0.3375
01/30/09$0.3300
2008
$1.222510/31/08$0.3225
08/05/08$0.3150
05/07/08$0.3000
02/05/08$0.2850
2007
$0.930011/02/07$0.2700
08/02/07$0.2300
05/03/07$0.2200
02/01/07$0.2100
2006
$0.740010/31/06$0.2000
07/27/06$0.1900
04/28/06$0.1800
02/01/06$0.1700
2005
$0.610011/02/05$0.1600
07/27/05$0.1500
04/28/05$0.1500
01/27/05$0.1500
2004
$0.600011/01/04$0.1500
07/28/04$0.1500
04/28/04$0.1500
01/28/04$0.1500
2003
$0.150010/29/03$0.0500
07/29/03$0.0500
04/28/03$0.0500
2002
$0.200012/03/02$0.2000
2001
$0.800010/29/01$0.2000
07/27/01$0.2000
04/26/01$0.2000
01/29/01$0.2000
2000
$2.280012/14/00$0.2800
10/27/00$0.5000
07/27/00$0.5000
04/27/00$0.5000
01/27/00$0.5000
GEL Stock Splits
No stock splits
GEL SEC Filings
| Filing Date | Report Date | Report Type | Filing Link |
|---|---|---|---|
10/30/25 | 09/30/25 | 10-Q | |
07/31/25 | 06/30/25 | 10-Q | |
05/08/25 | 03/31/25 | 10-Q | |
03/03/25 | 12/31/24 | 10-K | |
10/31/24 | 09/30/24 | 10-Q | |
08/01/24 | 06/30/24 | 10-Q | |
05/02/24 | 03/31/24 | 10-Q | |
02/23/24 | 12/31/23 | 10-K | |
11/02/23 | 09/30/23 | 10-Q | |
08/03/23 | 06/30/23 | 10-Q | |
05/04/23 | 03/31/23 | 10-Q | |
02/24/23 | 12/31/22 | 10-K | |
10/27/22 | 09/30/22 | 10-Q | |
08/02/22 | 06/30/22 | 10-Q | |
05/04/22 | 03/31/22 | 10-Q | |
02/24/22 | 12/31/21 | 10-K | |
11/04/21 | 09/30/21 | 10-Q | |
08/04/21 | 06/30/21 | 10-Q | |
05/05/21 | 03/31/21 | 10-Q | |
03/01/21 | 12/31/20 | 10-K | |
11/05/20 | 09/30/20 | 10-Q | |
08/05/20 | 06/30/20 | 10-Q | |
05/06/20 | 03/31/20 | 10-Q | |
02/27/20 | 12/31/19 | 10-K | |
11/06/19 | 09/30/19 | 10-Q | |
08/06/19 | 06/30/19 | 10-Q | |
05/03/19 | 03/31/19 | 10-Q | |
02/28/19 | 12/31/18 | 10-K | |
11/01/18 | 09/30/18 | 10-Q | |
08/08/18 | 06/30/18 | 10-Q | |
05/04/18 | 03/31/18 | 10-Q | |
02/26/18 | 12/31/17 | 10-K | |
11/03/17 | 09/30/17 | 10-Q | |
08/03/17 | 06/30/17 | 10-Q | |
05/04/17 | 03/31/17 | 10-Q | |
02/27/17 | 12/31/16 | 10-K | |
11/03/16 | 09/30/16 | 10-Q | |
08/03/16 | 06/30/16 | 10-Q | |
05/04/16 | 03/31/16 | 10-Q | |
02/26/16 | 12/31/15 | 10-K | |
11/06/15 | 09/30/15 | 10-Q | |
07/29/15 | 06/30/15 | 10-Q | |
04/29/15 | 03/31/15 | 10-Q | |
02/27/15 | 12/31/14 | 10-K | |
10/31/14 | 09/30/14 | 10-Q | |
08/06/14 | 06/30/14 | 10-Q | |
05/02/14 | 03/31/14 | 10-Q | |
02/27/14 | 12/31/13 | 10-K | |
11/01/13 | 09/30/13 | 10-Q | |
08/01/13 | 06/30/13 | 10-Q | |
05/02/13 | 03/31/13 | 10-Q | |
02/26/13 | 12/31/12 | 10-K | |
11/06/12 | 09/30/12 | 10-Q | |
08/03/12 | 06/30/12 | 10-Q | |
05/04/12 | 03/31/12 | 10-Q | |
02/29/12 | 12/31/11 | 10-K | |
11/08/11 | 09/30/11 | 10-Q | |
08/08/11 | 06/30/11 | 10-Q | |
05/10/11 | 03/31/11 | 10-Q | |
03/16/11 | 12/31/10 | 10-K | |
11/03/10 | 09/30/10 | 10-Q | |
08/06/10 | 06/30/10 | 10-Q | |
05/10/10 | 03/31/10 | 10-Q | |
02/26/10 | 12/31/09 | 10-K | |
11/09/09 | 09/30/09 | 10-Q | |
08/07/09 | 06/30/09 | 10-Q | |
05/08/09 | 03/31/09 | 10-Q | |
03/16/09 | 12/31/08 | 10-K | |
11/10/08 | 09/30/08 | 10-Q | |
08/08/08 | 06/30/08 | 10-Q | |
05/09/08 | 03/30/08 | Unknown | -- |
03/17/08 | 12/31/07 | 10-K | |
11/09/07 | 09/30/07 | 10-Q | |
08/09/07 | 06/30/07 | 10-Q | |
05/09/07 | 03/30/07 | Unknown | -- |
03/15/07 | 12/31/06 | 10-K | |
11/08/06 | 09/30/06 | 10-Q | |
08/07/06 | 06/30/06 | 10-Q | |
05/09/06 | 03/30/06 | Unknown | -- |
03/07/06 | 12/31/05 | 4 | |
11/09/05 | 09/30/05 | 10-Q | |
08/09/05 | 06/30/05 | 10-Q | |
05/09/05 | 03/30/05 | Unknown | -- |
03/15/05 | 12/31/04 | 4 | |
11/09/04 | 09/30/04 | 10-Q | |
08/12/04 | 06/30/04 | 10-Q | |
05/11/04 | 03/30/04 | Unknown | -- |
03/29/04 | 12/31/03 | 4 | |
11/12/03 | 09/30/03 | 10-Q | |
08/12/03 | 06/30/03 | 10-Q | |
05/12/03 | 03/30/03 | Unknown | -- |
03/25/03 | 12/31/02 | 10-K | |
11/12/02 | 09/30/02 | 10-Q | |
08/12/02 | 06/30/02 | 10-Q | |
05/14/02 | 03/30/02 | Unknown | -- |
03/27/02 | 12/31/01 | 5 | |
11/09/01 | 09/30/01 | 10-Q | |
08/13/01 | 06/30/01 | 10-Q | |
05/14/01 | 03/30/01 | Unknown | -- |
03/28/01 | 12/31/00 | 10-K | |
11/13/00 | 09/30/00 | 10-Q | |
08/11/00 | 06/30/00 | 10-Q | |
05/12/00 | 03/31/00 | 10-Q |