Genesis Energy, L.P. (GEL) Financials

EPS

Hollow marker is the consensus estimate; filled is the reported figure, colored by beat or miss.

Revenue

Outlined bar is the consensus estimate; solid is reported.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
Q2 26	$0.02	$0.26	+1200.0%	—	$532M	—
Q1 26	$0.16	-$0.06	-137.5%	—	$446.6M	—
Q3 25	$0.13	-$0.05	-138.5%	—	$414M	—
Q2 25	-$0.04	-$0.12	-200.0%	—	$377.3M	—
Q1 25	-$0.23	-$4.06	-1665.2%	—	$398.3M	—
Q4 24	-$0.31	-$0.58	-87.1%	—	$725.6M	—
Q3 24	-$0.1	-$0.32	-220.0%	—	$714.3M	—
Q2 24	-$0.03	-$0.25	-733.3%	—	$756.3M	—
Q1 24	$0.01	-$0.09	-1000.0%	—	$770.1M	—
Q4 23	$0.23	-$0.08	-134.8%	—	$774.1M	—
Q3 23	$0.25	$0.29	+16.0%	—	$807.6M	—
Q2 23	$0.27	$0.22	-18.5%	—	$804.7M	—
Q1 23	$0.13	-$0.21	-261.5%	—	$790.6M	—
Q4 22	$0.15	$0.15	0.0%	—	$714M	—
Q3 22	$0.02	-$0.12	-700.0%	—	$721.2M	—
Q2 22	-$0.1	$0.14	+240.0%	—	$721.7M	—

EPS

Reported per-share earnings by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Revenue

Reported revenue by fiscal year; the line turns dotted where reported figures end and the analyst consensus begins, with the shaded band marking the low–high range.

Results

Periods without a consensus estimate or a reported figure show a dash.

Period	EPS estimate	EPS actual	EPS surprise %	Revenue estimate	Revenue actual	Revenue surprise %
FY25	—	-$4.19	—	—	$1.6B	—
FY24	—	-$1.24	—	—	$3B	—
FY23	—	$0.22	—	—	$3.2B	—
FY22	—	-$0.04	—	—	$2.8B

Total revenue

Reported revenue per period; the line is the change from the same period a year earlier, on its own left axis.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	$1.7B	$2B	$2.9B	$2.5B	$1.8B	$2.1B	$2.8B	$3.2B	$3B	$1.6B
YoY change	-23.8%	+18.4%	+43.6%	-14.8%	-26.4%	+16.5%	+31.2%	+13.9%	-6.63%	-45%

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Revenue	1.7B	2B	2.9B	2.5B	1.8B	2.1B	2.8B	3.2B	3B	1.6B
Cost of revenue	1.5B	1.8B	2.6B	2.2B	1.7B	2B	2.4B	2.8B	2.7B	1.3B
Gross profit	252.1M	246.7M	321.2M	325.4M	113.8M	136.9M	341.6M	395.2M	315.5M	344.5M
Gross margin	14.7%	12.2%	11%	13.1%	6.24%	6.44%	12.2%	12.4%	10.6%	21.1%
Research & development	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	45.6M	66.4M	66.9M	52.7M	56.9M	61.2M	66.6M	65.8M	59.4M	86.3M
Operating expenses	45.6M	83.1M	61.9M	61.7M	56.9M	61.2M	66.6M	65.8M	59.4M	86.3M
Operating income	206.4M	180.2M	254.3M	272.7M	56.9M	75.7M	275M	329.4M	256.1M	258.2M
Operating margin	12.1%	8.89%	8.73%	11%	3.12%	3.56%	9.86%	10.4%	8.63%	15.8%
Non-operating income, net	47.9M	74.6M	-35.4M	47.5M	-246.1M	21.7M	83.4M	61.6M	-79K	37.9M
Pretax income	114.4M	78.1M	-10.3M	100.7M	-399M	-136.4M	132.3M	146.3M	-31.2M	31.3M
Income tax	3.3M	-4M	1.5M	655K	1.3M	1.7M	3.2M	-19K	1.8M	806K
Net income	111.1M	82.1M	-11.8M	100.1M	-400.3M	-138M	129.1M	146.3M	-33M	-393.2M
Net margin	6.49%	4.05%	-0.4%	4.03%	-21.9%	-6.49%	4.63%	4.61%	-1.11%	-24.1%
EBITDA	466.4M	467.1M	616.1M	640M	409M	407.1M	606.2M	661.6M	600.3M	537.2M
EPS	1	0.5	-0.62	0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19
Diluted EPS	1	0.5	-0.62	0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19

Revenue and profits

Revenue, gross profit, operating income, and net income per period.

Condensed income statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	807.6M	774.1M	770.1M	756.3M	714.3M	725.6M	398.3M	377.3M	414M	440.8M	446.6M	532M
Cost of revenue	679.2M	691M	683M	679M	649M	639.6M	335.7M	294.9M	320.1M	335.2M	352.4M	424.5M
Gross profit	128.5M	83.1M	87.1M	77.3M	65.3M	85.9M	62.6M	82.5M	93.9M	105.6M	94.1M	107.4M
Gross margin	15.9%	10.7%	11.3%	10.2%	9.14%	11.8%	15.7%	21.9%	22.7%	24%	21.1%	20.2%
Research & development	—	—	—	—	—	—	—	—	—	—	—	—
Selling, general & administrative	16.8M	17.5M	15M	18.5M	15M	10.8M	40.6M	14.7M	15.3M	15.7M	17.5M	19.4M
Operating expenses	16.8M	17.5M	15M	18.5M	15M	10.8M	40.6M	14.7M	15.3M	15.7M	17.5M	19.4M
Operating income	111.7M	65.6M	72.1M	58.7M	50.2M	75.1M	22M	67.7M	78.6M	89.9M	76.6M	88M
Operating margin	13.8%	8.47%	9.36%	7.76%	7.03%	10.4%	5.52%	17.9%	19%	20.4%	17.2%	16.5%
Non-operating income, net	17.2M	13.8M	16.4M	10.8M	11.6M	-38.9M	11.6M	3.4M	10.8M	12M	10.6M	35.8M
Pretax income	67.4M	18.7M	19.8M	-1.4M	-10.1M	-39.5M	-36.4M	10.4M	23M	34.3M	19.3M	56.8M
Income tax	574K	-1.8M	809K	22K	-846K	1.8M	144K	345K	253K	64K	112K	209K
Net income	66.8M	20.5M	19M	-1.4M	-9.3M	-41.3M	-460.3M	10M	22.8M	34.3M	19.1M	56.6M
Net margin	8.27%	2.65%	2.46%	-0.18%	-1.3%	-5.69%	-115.6%	2.65%	5.5%	7.78%	4.29%	10.6%
EBITDA	194.9M	147.1M	159.4M	144.1M	140.7M	113.1M	105.8M	125.6M	143.8M	162M	143.4M	166.7M
EPS	0.29	-0.08	-0.09	-0.25	-0.32	-0.58	-4.06	-0.12	-0.05	0.04	-0.06	0.26
Diluted EPS	0.29	-0.08	-0.09	-0.25	-0.32	-0.58	-4.06	-0.12	-0.05	0.04	-0.06	0.26

P/E

Annual history by fiscal year; click a table row below to chart a different metric.

Current values are trailing twelve months where available, otherwise the latest fiscal year; unreported figures show a dash.

Key stats

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Market cap	—	2.7B	2.3B	2.5B	761.2M	1.3B	1.3B	1.4B	1.2B	1.9B	1.7B
Enterprise value	—	6.4B	5.7B	5.9B	4.1B	4.3B	4.7B	5.2B	5.3B	5B	5.7B
Shares outstanding	113.4M	121.5M	122.6M	122.6M	122.6M	122.6M	122.6M	122.5M	122.5M	122.5M	122.5M

Valuation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
P/E	—	33.1	—	25.1	—	—	9.69	9.7	—	—	66.7
P/S	—	1.34	0.78	1.01	0.42	0.62	0.45	0.45	0.42	1.17	0.93
P/B	—	1	0.93	1.07	0.43	0.66	0.7	0.83	0.82	2.7	3.8
EV/EBITDA	—	13.7	9.23	9.24	10.1	10.5	7.77	7.8	8.89	9.22	10.2
EV/Sales	—	3.16	1.95	2.38	2.27	2.01	1.69	1.62	1.8	3.04	3.1
Earnings yield	—	3.02%	—	3.99%	—	—	10.3%	10.3%	—	—	1.5%
FCF yield	—	2.69%	8.6%	8.73%	20%	2.78%	-7.18%	-6.97%	-15.8%	3.45%	11.2%
PEG	—	—	—	—	—	—	—	—	—	—	-0.21

Profitability

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Gross margin	14.7%	12.2%	11%	13.1%	6.24%	6.44%	12.2%	12.4%	10.6%	21.1%	20.2%
Operating margin	12.1%	8.89%	8.73%	11%	3.12%	3.56%	9.86%	10.4%	8.63%	15.8%	17.3%
Net margin	6.49%	4.05%	-0.4%	4.03%	-21.9%	-6.49%	4.63%	4.61%	-1.11%	-24.1%	4.29%
ROE	5.24%	3.02%	-0.48%	4.26%	-22.9%	-6.97%	7.27%	8.55%	-2.18%	-55.5%	22.7%
ROA	1.95%	1.15%	-0.18%	1.52%	-6.75%	-2.34%	2.03%	2.09%	-0.47%	-8.09%	3.84%
ROIC	3.85%	2.81%	4.34%	4.71%	1.11%	1.53%	5.13%	6.04%	4.56%	6.71%	9.16%
Return on tangible assets	2.39%	1.34%	-0.21%	1.75%	-7.89%	-2.73%	2.34%	2.39%	-0.53%	-9.58%	2.85%

Financial health

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Current ratio	1.38	1.39	1.33	1.43	1.51	1.09	1.2	1	1.06	0.98	0.93
Quick ratio	1	1.2	1.11	1.27	1.25	0.93	1.09	0.86	0.93	0.9	0.9
Debt / equity	1.46	1.36	1.41	1.46	1.94	1.5	1.95	2.19	2.71	4.3	7.08
Debt / assets	0.54	0.52	0.53	0.52	0.57	0.5	0.54	0.53	0.58	0.63	0.59
Net debt / EBITDA	6.61	7.9	5.55	5.31	8.25	7.27	5.7	5.66	6.82	5.66	5.14
Interest coverage	1.88	1.44	0.96	1.46	-0.9	0.42	1.61	1.62	0.89	1.12	1.52
Effective tax rate	2.92%	0%	0%	0.65%	0%	0%	2.4%	0%	0%	2.57%	0.48%

Per share

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Revenue per share	15.1	16.7	23.8	20.2	14.9	17.3	22.8	25.9	24.2	13.3	15
EPS (basic)	1	0.5	-0.62	0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19	-4.19
EPS (diluted)	1	0.5	-0.62	0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19	0.21
Book value per share	18.7	22.3	19.9	19.1	14.3	16.2	14.5	14	12.4	5.78	-2.76
FCF per share	-1.59	0.6	1.59	1.79	1.25	0.3	-0.73	-0.81	-1.59	0.54	2.77
Cash per share	0.06	0.07	0.08	0.24	0.17	0.16	0.06	0.08	0.09	0.05	0.32
Capex per share	4.08	2.06	1.59	1.33	1.18	2.46	3.46	5.06	4.79	—	—

Capital allocation

Metric	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25	Current
Capex / revenue	27%	12.4%	6.71%	6.58%	7.9%	14.2%	15.2%	19.5%	19.8%	—	—
Capex / operating cash flow	161.2%	74.7%	56.6%	36.3%	282.2%	102.7%	105.4%	120.4%	151%	—	—
Payout ratio	279.1%	392.2%	-2.2K%	313%	-49.3%	-107.4%	114.8%	114.4%	-493.5%	-38.8%	328.6%
Dividend yield	—	11.8%	11.4%	12.5%	25.9%	11.3%	11.8%	11.8%	13.2%	7.98%	5.69%

Yield

5.69%

trailing twelve months

Frequency

Quarterly

Last dividend

$0.20

ex-dividend Jul 31, 2026

Payout ratio

329%

of earnings

Dividend growth

2 years

consecutive annual raises

Dividend per share

Split-adjusted payout per share by ex-dividend date.

Recent payouts

Ex-dividend	Amount
Jul 31, 2026	$0.20
Apr 30, 2026	$0.18
Jan 30, 2026	$0.18

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Revenue	$807.6M	$774.1M	$770.1M	$756.3M	$714.3M	$725.6M	$398.3M	$377.3M	$414M	$440.8M	$446.6M	$532M
YoY change	+12%	+8.41%	-2.59%	-6.02%	-11.6%	-6.27%	-48.3%	-50.1%	-42%	-39.3%	+12.1%	+41%

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Cash & short-term investments	7M	9M	10.3M	29.1M	21.3M	20M	7.9M	9.2M	10.7M	6.4M
Receivables	224.7M	495.4M	323.5M	417M	392.5M	400.3M	721.6M	759.5M	740.6M	608.2M
Inventory	98.6M	88.7M	73.5M	65.1M	99.9M	78M	78.1M	135.2M	110.7M	55.4M
Total current assets	359.6M	636M	443.3M	593.1M	580.2M	542.5M	853M	964M	911.7M	687.5M
Property, plant & equipment	4.2B	5.4B	5B	10.3B	4.6B	4.6B	4.8B	5.3B	5.4B	3.5B
Goodwill & intangibles	1.1B	1B	929.1M	881.8M	861.4M	858M	858.6M	887M	798.5M	755.1M
Total assets	5.7B	7.1B	6.5B	6.6B	5.9B	5.9B	6.4B	7B	7B	4.9B
Accounts payable	119.8M	270.9M	127.3M	218.7M	198.4M	264.3M	428M	588.9M	491.1M	490.7M
Short-term debt	—	—	—	—	—	—	—	—	—	—
Total current liabilities	260.8M	456.3M	332.8M	415.5M	383.4M	496.9M	709.1M	967.4M	858.8M	699.7M
Long-term debt	3.1B	3.7B	3.4B	3.4B	3.4B	3B	3.5B	3.8B	4.1B	3B
Total liabilities	3.6B	4.4B	4B	4.3B	4.2B	3.9B	4.6B	5.3B	5.5B	4.2B
Shareholders' equity	2.1B	2.7B	2.4B	2.3B	1.8B	2B	1.8B	1.7B	1.5B	708.1M
Total debt	3.1B	3.7B	3.4B	3.4B	3.4B	3B	3.5B	3.8B	4.1B	3B
Net debt	3.1B	3.7B	3.4B	3.4B	3.4B	3B	3.5B	3.7B	4.1B	3B

Assets vs. liabilities & equity

What the company owns (left stack) against what it owes plus shareholders' equity (right stack). The two stacks should match — that's the balance.

Condensed balance sheet

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Cash & short-term investments	21.1M	9.2M	7M	13.7M	13M	10.7M	377.4M	4.5M	4.9M	6.4M	4.2M	39.3M
Receivables	871.3M	759.5M	668.7M	688M	745.6M	740.6M	498.2M	499.6M	577.5M	608.2M	628.6M	1.2B
Inventory	126.9M	135.2M	126.6M	106.3M	110.7M	110.7M	38.1M	58.2M	49.2M	55.4M	39.2M	38.6M
Total current assets	1.1B	964M	879.9M	865.6M	925.3M	911.7M	937.3M	587.3M	652M	687.5M	702.8M	1.3B
Property, plant & equipment	5.1B	5.3B	5.3B	5.3B	5.4B	5.4B	3.6B	3.6B	3.6B	3.5B	3.5B	3.5B
Goodwill & intangibles	887.3M	887M	887.2M	887.4M	888.1M	798.5M	769.8M	764.8M	759.9M	755.1M	750.6M	745.9M
Total assets	6.9B	7B	6.9B	7B	7.1B	7B	5.2B	4.8B	4.9B	4.9B	4.8B	5.4B
Accounts payable	660.6M	588.9M	473.3M	418.7M	539M	491.1M	401.9M	414.4M	448.7M	490.7M	508.3M	1.1B
Short-term debt	—	—	—	—	—	—	—	—	—	—	—	99.5M
Total current liabilities	1B	967.4M	835.1M	793.9M	897M	858.8M	633M	621.9M	673.2M	699.7M	720.7M	1.4B
Long-term debt	3.6B	3.8B	3.8B	3.9B	4B	4.1B	3.4B	3.1B	3.1B	3B	3.2B	3.1B
Total liabilities	5.2B	5.3B	5.3B	5.3B	5.5B	5.5B	4.5B	4.1B	4.2B	4.2B	4.3B	5B
Shareholders' equity	1.8B	1.7B	1.7B	1.6B	1.6B	1.5B	740.1M	717.4M	708.2M	708.1M	535.5M	452.8M
Total debt	3.6B	3.8B	3.8B	3.9B	4B	4.1B	3.4B	3.1B	3.1B	3B	3.2B	3.2B
Net debt	3.6B	3.7B	3.8B	3.9B	4B	4.1B	3.1B	3.1B	3.1B	3B	3.2B	3.2B

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	FY16	FY17	FY18	FY19	FY20	FY21	FY22	FY23	FY24	FY25
Net income	111.1M	82.1M	-11.8M	100.1M	-400.3M	-138M	129.1M	146.3M	-33M	-393.2M
Depreciation & amortization	222.2M	252.5M	313.2M	319.8M	295.3M	309.7M	296.2M	280.2M	313.2M	250.9M
Stock-based compensation	6.6M	-5.8M	3.9M	8.5M	-3.7M	8.8M	17.8M	25.4M	5.2M	15.3M
Change in working capital	-82.5M	1.6M	24.1M	8.7M	69.4M	15.5M	-73M	33.3M	63.1M	-56.9M
Operating cash flow	287.3M	335.6M	344.9M	449.9M	51.1M	293.5M	402.3M	514.8M	388.8M	252.8M
Capital expenditure	-463.1M	-250.6M	-195.4M	-163.2M	-144.1M	-301.4M	-424.2M	-620M	-587.1M	—
Investing cash flow	-471.7M	-1.5B	111.7M	-162.1M	-121.1M	-301.1M	-394.2M	-619.7M	-575.6M	147K
Dividends paid	-310M	-321.9M	-257.4M	-313.2M	-197.3M	-148.3M	-148.3M	-167.5M	-162.9M	-152.4M
Share repurchases	—	—	—	—	0	0	-288.6M	-76M	0	-262.5M
Financing cash flow	311.3M	959M	-658.6M	-206.2M	-538M	-660.6M	41.7M	74M	161.7M	-1.1B
Net change in cash	126.9M	-200.6M	-201.9M	81.6M	-608M	-668.2M	49.9M	-30.9M	-25M	-855.3M
Free cash flow	-180.3M	73M	194.7M	219M	152.6M	36.6M	-89.8M	-98.9M	-195.2M	65.9M

Cash generation and uses

Cash from operations, what's left after capex, and what went back to shareholders. Bars below the line are cash going out.

Condensed cash flow statement

Click a row to chart it; unreported figures show a dash.

Period	Q3 23	Q4 23	Q1 24	Q2 24	Q3 24	Q4 24	Q1 25	Q2 25	Q3 25	Q4 25	Q1 26	Q2 26
Net income	66.8M	20.5M	19M	-1.4M	-9.3M	-41.3M	-460.3M	10M	22.8M	34.3M	19.1M	56.6M
Depreciation & amortization	68.4M	70.2M	73.8M	77.6M	81.8M	79.9M	75M	55.9M	57.1M	62.9M	58.9M	63.1M
Stock-based compensation	5.6M	10.1M	4.3M	5.5M	-1.7M	-2.9M	2.5M	3.2M	4.2M	5.4M	-137K	2.9M
Change in working capital	2M	12.7M	40.6M	22.1M	31.6M	-31.2M	-28.5M	-19.8M	-30.8M	22.1M	-9.5M	106M
Operating cash flow	152.6M	118.2M	144M	111M	107M	26.8M	28.8M	47M	70.3M	110.8M	81.7M	180.7M
Capital expenditure	-148.4M	-224.3M	-174.2M	-172.3M	-119.6M	-121.1M	-81.6M	—	—	—	—	—
Investing cash flow	-150.6M	-224.1M	-174.3M	-161.5M	-119.3M	-120.6M	-81.5M	576K	278K	-823K	-2.7M	2.4M
Dividends paid	-41.7M	-41M	-40.3M	-40.3M	-40.3M	-42.1M	-47.2M	-35.1M	-35.1M	-35.1M	-39.4M	-34.9M
Share repurchases	-26M	-25M	—	0	0	0	-262.5M	0	0	0	-137.2M	-88M
Financing cash flow	12.8M	81M	47.6M	50.3M	24.3M	39.6M	-598.3M	-371.7M	-48.5M	-89.7M	-60.8M	-118.7M
Net change in cash	14.9M	-24.9M	17.4M	-195K	11.9M	-54.2M	-651M	-324.1M	22M	20.3M	18.2M	64.5M
Free cash flow	-7.4M	-99.5M	-48.3M	-67.5M	-32.3M	-47.1M	-56.8M	-7.6M	43.3M	87M	55.7M	153.7M

Date	Ratio
Apr 4, 2013	10:11
Apr 3, 2013	3:1
Apr 12, 2011	10:1

Genesis Energy, L.P. Financials

EPS

Revenue

Results

EPS

Revenue

Results

Total revenue

Total revenue

Revenue and profits

Condensed income statement

Revenue and profits

Condensed income statement

P/E

Key stats

Valuation

Profitability

Financial health

Per share

Capital allocation

Dividend per share

Recent payouts

Assets vs. liabilities & equity

Condensed balance sheet

Assets vs. liabilities & equity

Condensed balance sheet

Cash generation and uses

Condensed cash flow statement

Cash generation and uses

Condensed cash flow statement

Split history