Loading…
Operates offshore crude oil pipelines, soda ash (sodium minerals) mining and marine transportation as a diversified midstream energy partnership.
Operates offshore crude oil pipelines, soda ash (sodium minerals) mining and marine transportation as a diversified midstream energy partnership.
Pipeline fees are charged per barrel moved, often under long-term agreements with deepwater producers, giving stable cash. The soda ash business depends on glass and chemical demand and sells in the US and export markets, while marine transport charters its barges and ships to refiners.
Moat: narrow (installed base, regulatory licence, scale). Owns hard-to-replicate offshore pipeline infrastructure and one of few large-scale US trona/soda ash mining operations.
Headquarters: Houston, Texas, US · Founded: 1996 · Employees: 1,061
Size Genesis Energy, L.P (GEL) is a United States Materials company (Chemicals: Specialty) with a market value of $1.57B, the 1957th largest of 3,117 United States companies the cockpit tracks. Shares closed at $12.86 on 6 Nov 2026.
Performance Over six months the shares fell 21.4%, against -24.4% for the median peer and -1.1% for the United States market (cap-weighted) — 10th highest of 20 in its peer set.
Growth Revenue fell 17.2% over the last twelve months (peer median +10.9%); the operating margin is 18.6% (peer median 6.4%).
Valuation It trades at 3.0× enterprise value to sales against a peer median of 1.5× (5th most expensive of 21).
Price implies For today's price to make sense, revenue must grow about 2% a year for seven years (Req g). Recent delivered growth is -2%, so the hurdle is +4 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 0.8 points above its cost of capital (6.5% WACC).
Credit Genesis Energy, L.P has 5 bonds outstanding ($3.15B), rated B+ by the agencies and trading like BB- at a weighted spread of 222 bp.
Short interest Short interest is 2.2% of the free float (15 Oct 2026).
Next results Next results expected around 18 Feb 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | $1.83B | $1.63B | $1.66B | $3.18B | $2.79B |
| Revenue growth | — | -2% | -48% | +14% | — |
| Gross profit | $400M | $343M | $273M | $409M | $381M |
| EBITDA | $593M | $527M | $433M | $636M | $631M |
| Net income | $78.7M | -$8.21M | -$63.9M | $118M | $75.5M |
| Free cash flow | $358M | $88.3M | -$172M | -$72.8M | -$70.2M |
| Capital expenditure | $104M | $187M | $587M | $620M | $424M |
| Total debt | $3.20B | $3.11B | $3.80B | $4.00B | $3.60B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Genesis Energy, L.P GEL | $1.57B | -21% | -17% | 19% | 3.0× | 2.2% |
| Enterprise Products Partners L.P EPD | $80.0B | 0% | +22% | 12% | 1.8× | 1.0% |
| Enbridge ENB.TO | $107B | -10% | +29% | 13% | 3.2× | 12.6% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | GEL | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -10.3% | -15.4% | 6th highest of 21 |
| 6-month return | -21.4% | -24.4% | 10th highest of 20 |
| Distance from 52-week high | -31.0% | -41.3% | 6th highest of 21 |
| Revenue growth (TTM) | -17.2% | +10.9% | lowest of 21 |
| Operating margin | 18.6% | 6.4% | 4th highest of 21 |
| EV / Sales | 3.0× | 1.5× | 5th most expensive of 21 |
| Growth the price implies (Req g, 7 yrs) | 2.2% | 16.9% | 4th least demanding of 14 |
| Growth delivered (Del g) | -2.2% | +4.5% | 3rd lowest of 14 |
| Hurdle (Req g minus delivered) | +4.4 pp | +10.4 pp | 6th least demanding of 14 |
| ROIC minus cost of capital | +0.8 pp | -2.7 pp | 4th highest of 21 |
| EV / EBITDA | 9.3× | 8.3× | 4th most expensive of 10 |
| Net debt / EBITDA | 5.3× | 0.9× | 2nd most indebted of 11 |
| Bond spread | 222 bp | n/a | — |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Genesis Energy, L.P GEL | United States | $1.57B | -21% | -17% | 19% | 3.0× | 2.2% | -2.2% |
| Proto Labs PRLB | United States | $1.57B | -5% | +12% | 8% | 2.5× | 26.8% | +4.2% |
| Guangdong Dowstone Technology 300409.SZ | China | $1.59B | -50% | +34% | 6% | 1.4× | n/a | n/a |
| ADAMA 000553.SZ | China | $1.55B | -33% | -6% | 3% | 0.8× | -7.2% | +0.3% |
| Stepan SCL | United States | $1.52B | +26% | +10% | 4% | 0.7× | 14.9% | +4.5% |
| Tokuyama 4043.T | Japan | $1.63B | -11% | +7% | 9% | 1.1× | 1.1% | +2.9% |
| Osaka Soda 4046.T | Japan | $1.52B | -2% | +8% | 19% | 2.0× | 5.1% | +0.5% |
| Befar 6745.HK | Hong Kong | $1.52B | n/a | +25% | 5% | 1.0× | 3.6% | +17.3% |
| Chambal Fertilisers & Chemicals CHAMBLFERT.NS | India | $1.63B | -15% | +6% | 12% | 0.8× | n/a | n/a |
| Huabao Technology 300741.SZ | China | $1.63B | +7% | +17% | 1% | 4.4× | 45.3% | -8.5% |
| Ningbo Yunsheng 600366.SS | China | $1.64B | -24% | +33% | 6% | 1.8× | 19.1% | +17.9% |
| Fujian Kuncai Material Technology 603826.SS | China | $1.64B | -51% | +59% | 5% | 7.8× | 24.1% | +11.0% |
| Denka 4061.T | Japan | $1.51B | -33% | -3% | 9% | 1.2× | n/a | n/a |
| KumhoPetrochem 011780.KS | South Korea | $1.50B | -37% | 0% | 7% | 0.3× | -16.5% | +7.5% |
| Shenzhen Dynanonic 300769.SZ | China | $1.65B | -50% | +188% | 4% | 1.1× | n/a | n/a |
| Anhui Wanwei Updated High-Tech Material Industry 600063.SS | China | $1.49B | -32% | +3% | 4% | 1.7× | n/a | n/a |
| Shaily Engineering Plastics SHAILY.NS | India | $1.48B | +14% | +18% | 24% | 13.0× | 35.8% | +22.8% |
| Shida Shinghwa Advanced Material 603026.SS | China | $1.68B | -58% | +58% | 8% | 1.6× | n/a | n/a |
| LOTTE CHEMICAL 011170.KS | South Korea | $1.45B | -59% | +5% | -2% | 0.8× | n/a | n/a |
| Elementis ELM.L | United Kingdom | $1.45B | +34% | -12% | 20% | 2.7× | 16.9% | -4.8% |
| Jilin OLED Material Tech 688378.SS | China | $1.45B | -17% | +74% | 18% | 11.7× | 46.2% | +15.2% |
Genesis Energy, L.P has 5 bonds outstanding with $3.15B face value. The agencies rate it B+; its bonds trade like BB-. Weighted yield 6.73%, a spread of 222 bp over government bonds.