Genesis Energy, L.P. (GEL) Income Statement Analysis

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Complete financial analysis of Genesis Energy, L.P. (GEL) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Genesis Energy, L.P., a leading company in the Oil & Gas Midstream industry within the Energy sector.

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Genesis Energy, L.P. (GEL)

Industry: Oil & Gas Midstream

Sector: Energy

Website: https://www.genesisenergy.com

About Genesis Energy, L.P.

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company's Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deepwater pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment offers sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to ten refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. Its Onshore Facilities and Transportation segment offers onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates trucks, trailers, railcars, and terminals and tankage with 4.2 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil. It owns four onshore crude oil pipeline systems with approximately 450 miles of pipe in Alabama, Florida, Louisiana, Mississippi, and Texas; and four operational crude oil rail unloading facilities in Baton Rouge, Raceland, and Louisiana, as well as Walnut Hill, Florida and Natchez, Mississippi. Its Marine Transportation segment offers waterborne transportation of petroleum and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. The company was incorporated in 1996 and is headquartered in Houston, Texas.

Metric	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009	2008	2007	2006	2005	2004	2003	2002	2001	2000	1999	1998	1997	1996
Revenue	3.18B	2.79B	2.13B	1.82B	2.48B	2.91B	2.03B	1.71B	2.25B	3.85B	4.13B	4.07B	3.09B	2.10B	1.44B	2.14B	1.20B	918.37M	1.08B	927.14M	657.90M	911.81M	3.34B	4.32B	2.16B	2.23B	3.37B	372.00M
Cost of Revenue	2.78B	2.45B	1.99B	1.71B	2.16B	2.59B	1.78B	1.46B	2.02B	3.66B	3.98B	3.91B	2.91B	1.96B	1.35B	2.00B	1.14B	888.27M	1.06B	906.01M	644.16M	888.69M	3.32B	4.30B	2.14B	2.21B	3.35B	368.50M
Gross Profit	395.20M	341.61M	136.88M	113.83M	325.39M	321.16M	246.66M	252.05M	221.86M	183.24M	157.55M	156.11M	179.12M	139.59M	89.12M	138.79M	61.06M	30.10M	21.12M	21.14M	13.74M	23.12M	19.82M	20.66M	22.90M	28.20M	23.60M	3.50M
Gross Profit Ratio	12.44%	12.25%	6.44%	6.24%	13.12%	11.03%	12.16%	14.72%	9.88%	4.76%	3.81%	3.84%	5.80%	6.64%	6.21%	6.48%	5.09%	3.28%	1.96%	2.28%	2.09%	2.54%	0.59%	0.48%	1.06%	1.26%	0.70%	0.94%
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
General & Administrative	65.78M	66.60M	61.19M	56.92M	52.69M	66.90M	66.42M	45.63M	65.00M	50.69M	46.79M	42.42M	34.47M	113.41M	40.41M	29.50M	25.92M	13.57M	9.66M	13.83M	8.77M	8.29M	11.69M	10.94M	11.60M	11.50M	8.60M	0.00
Selling & Marketing	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	15.83M	16.21M	17.65M	16.16M	873.27M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
SG&A	65.78M	66.60M	61.19M	56.92M	52.69M	66.90M	66.42M	45.63M	65.00M	50.69M	46.79M	42.42M	34.47M	113.41M	40.41M	29.50M	25.92M	13.57M	9.66M	13.83M	8.77M	8.29M	11.69M	10.94M	11.60M	11.50M	8.60M	1.40M
Other Expenses	0.00	-10.76M	-36.23M	-7.27M	-9.03M	5.02M	-16.72M	222.20M	-17.53M	90.91M	64.78M	61.17M	62.19M	53.56M	62.74M	71.40M	40.51M	7.95M	6.24M	7.33M	4.41M	7.31M	54.11M	8.03M	8.20M	7.70M	6.30M	500.00K
Operating Expenses	65.78M	66.60M	61.19M	56.92M	52.69M	66.90M	66.42M	45.63M	65.00M	50.69M	46.79M	42.42M	96.66M	166.96M	62.74M	100.90M	66.43M	21.52M	15.90M	21.16M	13.17M	15.60M	65.80M	18.97M	19.80M	19.20M	14.90M	1.90M
Cost & Expenses	2.85B	2.51B	2.05B	1.77B	2.21B	2.66B	1.85B	1.51B	2.09B	3.71B	4.02B	3.96B	3.01B	2.13B	1.41B	2.10B	1.21B	909.79M	1.07B	927.17M	657.33M	904.29M	3.39B	4.32B	2.16B	2.22B	3.36B	370.40M
Interest Income	0.00	226.16M	233.72M	209.78M	219.44M	0.00	0.00	0.00	0.00	0.00	0.00	15.00K	-4.00K	53.00K	70.00K	458.00K	385.00K	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest Expense	244.66M	226.16M	233.72M	209.78M	219.44M	229.19M	176.76M	139.95M	100.60M	66.64M	48.58M	40.92M	35.77M	22.98M	13.66M	13.40M	10.49M	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Depreciation & Amortization	280.19M	309.30M	319.78M	304.45M	329.21M	323.70M	263.49M	233.00M	150.14M	90.91M	64.80M	61.17M	61.93M	53.56M	67.59M	71.37M	40.40M	8.28M	6.41M	7.64M	7.54M	5.81M	7.55M	8.03M	8.20M	7.70M	6.30M	500.00K
EBITDA	683.22M	571.22M	385.44M	115.25M	592.51M	542.60M	518.37M	424.71M	669.04M	175.69M	171.65M	186.18M	147.74M	33.46M	90.50M	110.23M	35.03M	16.86M	11.94M	7.61M	8.10M	13.33M	-38.44M	9.72M	11.30M	16.70M	15.00M	2.10M
EBITDA Ratio	21.51%	11.42%	4.58%	6.23%	12.91%	10.40%	10.58%	14.85%	23.42%	4.57%	3.23%	3.15%	4.78%	1.36%	6.31%	5.15%	3.07%	1.83%	1.06%	0.82%	1.20%	1.78%	0.17%	0.23%	0.49%	0.76%	0.41%	0.54%
Operating Income	329.42M	22.26M	-212.38M	-181.66M	355.00K	170.25M	220.55M	206.43M	156.87M	132.55M	110.76M	113.69M	82.45M	-27.38M	21.37M	37.89M	-5.38M	8.58M	5.22M	-23.00K	567.00K	7.51M	-45.98M	1.69M	3.10M	9.00M	8.70M	1.60M
Operating Income Ratio	10.37%	0.80%	-9.99%	-9.96%	0.01%	5.84%	10.87%	12.05%	6.98%	3.45%	2.68%	2.79%	2.67%	-1.30%	1.49%	1.77%	-0.45%	0.93%	0.48%	0.00%	0.09%	0.82%	-1.38%	0.04%	0.14%	0.40%	0.26%	0.43%
Total Other Income/Expenses	-183.09M	-182.71M	-212.06M	-153.03M	-171.98M	-180.54M	-142.43M	-92.00M	268.71M	-23.50M	-25.91M	-27.60M	-32.42M	-20.57M	-12.11M	-12.43M	-8.83M	-243.00K	980.00K	-33.00K	236.00K	-2.89M	-44.14M	-239.00K	800.00K	-200.00K	1.10M	100.00K
Income Before Tax	146.33M	132.30M	-136.36M	-398.99M	100.72M	-10.29M	78.12M	114.42M	425.57M	109.05M	84.85M	87.11M	50.03M	-47.95M	9.26M	25.46M	-14.21M	8.34M	6.20M	-56.00K	803.00K	4.63M	-90.12M	1.45M	3.90M	8.80M	9.80M	1.70M
Income Before Tax Ratio	4.61%	4.74%	-6.42%	-21.87%	4.06%	-0.35%	3.85%	6.68%	18.94%	2.84%	2.05%	2.14%	1.62%	-2.28%	0.64%	1.19%	-1.18%	0.91%	0.57%	-0.01%	0.12%	0.51%	-2.70%	0.03%	0.18%	0.39%	0.29%	0.46%
Income Tax Expense	-19.00K	3.17M	1.67M	1.33M	655.00K	1.50M	-3.96M	3.34M	3.99M	2.85M	845.00K	-9.21M	-1.22M	2.59M	3.08M	-362.00K	-654.00K	-11.00K	2.62M	1.39M	-12.76M	2.42M	-2.37M	1.51M	800.00K	1.90M	800.00K	300.00K
Net Income	117.72M	129.14M	-138.03M	-400.31M	96.00M	-6.08M	82.65M	113.25M	422.53M	106.20M	86.11M	96.32M	51.25M	-48.46M	8.06M	26.09M	-13.55M	8.38M	3.42M	-1.41M	13.32M	5.09M	-43.61M	181.00K	2.30M	7.10M	7.90M	1.30M
Net Income Ratio	3.71%	4.63%	-6.49%	-21.94%	3.87%	-0.21%	4.07%	6.61%	18.81%	2.76%	2.08%	2.37%	1.66%	-2.31%	0.56%	1.22%	-1.13%	0.91%	0.32%	-0.15%	2.02%	0.56%	-1.31%	0.00%	0.11%	0.32%	0.23%	0.35%
EPS	0.22	1.05	-1.13	-3.27	0.18	-0.05	0.50	1.00	4.09	1.18	1.03	1.23	0.75	-1.19	0.01	0.59	-0.65	0.59	0.35	-0.15	1.50	0.58	-5.06	0.02	0.27	0.80	0.90	0.15
EPS Diluted	0.22	1.05	-1.13	-3.27	0.18	-0.05	0.50	1.00	4.09	1.18	1.03	1.23	0.75	-1.19	0.01	0.59	-0.65	0.59	0.35	-0.15	1.50	0.58	-5.06	0.02	0.27	0.80	0.90	0.15
Weighted Avg Shares Out	122.54M	122.58M	122.58M	122.58M	122.58M	122.58M	121.55M	113.43M	103.00M	90.06M	83.96M	78.36M	67.94M	40.56M	39.47M	38.96M	20.75M	13.78M	9.55M	9.31M	8.72M	8.63M	8.62M	8.62M	8.52M	8.61M	8.78M	8.67M
Weighted Avg Shares Out (Dil)	122.54M	122.58M	122.58M	122.58M	122.58M	122.58M	121.55M	113.43M	103.00M	90.06M	83.96M	78.36M	67.94M	40.56M	39.60M	39.03M	20.75M	13.78M	9.55M	9.31M	8.72M	8.63M	8.62M	8.62M	8.52M	8.81M	8.78M	8.67M

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

November 2, 2023seekingalpha.com

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...

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

November 2, 2023businesswire.com

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...

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

October 25, 2023businesswire.com

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,...

Genesis Energy, L.P. Declares Quarterly Distribution

October 12, 2023businesswire.com

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that, on October 11, 2023, the Board of Directors of its general partner declared a distribution on Genesis' common units and Class A Convertible Preferred Units attributable to the quarter ended September...

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

October 10, 2023investorplace.com

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.

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September 12, 2023seekingalpha.com

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...

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

September 11, 2023seekingalpha.com

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,...

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

August 21, 2023businesswire.com

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...

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

August 8, 2023businesswire.com

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...

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Genesis Energy, L.P. (GEL) Income Statement Analysis – Financial Results

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