Genesis Energy
About: Genesis Energy LP is a limited partnership company that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.
Employees: 2,075
0
Funds holding %
of 7,425 funds
–
Analysts bullish %
Fund manager confidence
Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)
67% more call options, than puts
Call options by funds: $10.9M | Put options by funds: $6.52M
31% more repeat investments, than reductions
Existing positions increased: 38 | Existing positions reduced: 29
23% more first-time investments, than exits
New positions opened: 16 | Existing positions closed: 13
2.34% more ownership
Funds ownership: 69.63% [Q3] → 71.97% (+2.34%) [Q4]
0% more funds holding
Funds holding: 115 [Q3] → 115 (+0) [Q4]
0% more funds holding in top 10
Funds holding in top 10: 1 [Q3] → 1 (+0) [Q4]
22% less capital invested
Capital invested by funds: $1.14B [Q3] → $887M (-$253M) [Q4]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$15
9%
upside
Avg. target
$16.50
20%
upside
High target
$18
31%
upside
2 analyst ratings
2 positive
100%
0 neutral
0%
0 negative
0%
RBC Capital Elvira Scotto 67% 1-year accuracy 22 / 33 met price target | 9%upside $15 | Outperform Maintained | 17 Mar 2025 |
Wells Fargo Michael Blum 64% 1-year accuracy 23 / 36 met price target | 31%upside $18 | Overweight Upgraded | 17 Mar 2025 |
Financial journalist opinion
Positive
Seeking Alpha
22 hours ago
Genesis Energy: Entering A Harvest Phase
Genesis Energy is poised for significant growth due to offshore pipeline expansions and increased soda ash capacity, transitioning from heavy capital spending to harvesting cash flows. The new deepwater Gulf of Mexico oil projects will add 200,000 barrels per day, boosting high-margin volumes and ensuring revenue growth. The soda ash business benefits from steady demand and recent capacity expansions, positioning Genesis for improved output and profitability as market conditions tighten.
Neutral
Business Wire
2 weeks ago
Genesis Energy, L.P. Declares Quarterly Distribution
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that the Board of Directors of its general partner declared a quarterly cash distribution to be paid to Genesis common unit holders and Class A Convertible Preferred unit holders with respect to the quarter ended March 31, 2025. Each holder of common units will be paid a quarterly cash distribution of $0.165, or $0.66 on an annualized basis, for each common unit held of record. Each holder of preferred units will be paid.
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Provides Update on Balance Sheet Simplification
HOUSTON--(BUSINESS WIRE)--Genesis Energy LP (NYSE: GEL) today announced an update on its recent and near-term expected deployment of the approximately $1.010 billion in cash, net of estimated transaction costs and expenses, it received on Friday, February 28, 2025, from the sale of its Alkali Business. In summary, Genesis has: Paid its senior secured revolving credit facility to zero which will result in saving approximately $25 million in annual cash interest expense; Called the remaining 8.0%.
Neutral
Business Wire
1 month ago
2024 K-1 Tax Packages for Genesis Energy, L.P.
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that the 2024 tax packages, including Schedule K-1s, are now available online. The 2024 tax package may be accessed through the K-1 Tax Package Support website at www.taxpackagesupport.com/Genesis or through the K-1 Tax Information link on our website at www.genesisenergy.com. The partnership expects to complete mailing of the 2024 Genesis Energy, L.P. tax packages by Tuesday, March 11th, 2025. For additional information.
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Extends Common Unit Repurchase Program
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its Board of Directors has extended its common equity repurchase program for its outstanding Class A common units (the “Program”). The Program, approved on August 8, 2023, was originally scheduled to expire on December 31, 2024. The Board has extended the Program through December 31, 2026, unless expanded and extended prior thereto. To date, Genesis has purchased only 114,900 Class A common units under the Program.
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Announces Senior Notes Redemption
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it will redeem the entire outstanding principal amount of its 8.0% senior notes due 2027 (the “Notes”) that were co-issued with its subsidiary, Genesis Energy Finance Corporation. As of March 3, 2025, $406,245,000 in aggregate principal amount of the Notes were outstanding. The redemption date for the Notes is April 3, 2025 (the “Redemption Date”). The Notes will be redeemed on the Redemption Date at a redemption pr.
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Files Form 10-K
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024 with the Securities and Exchange Commission. A copy of this Form 10-K may be found on the Partnership's website at https://www.genesisenergy.com/investors/sec-filings. A hard copy of the Form 10-K may be requested free of charge by emailing InvestorRelations@genlp.com. Genesis Energy, L.P. is a diversified midstream energy master.
Neutral
Reuters
1 month ago
Genesis Energy sells soda ash operations for $1.43 bln
Genesis Energy said on Monday it had sold its soda ash manufacturing and related operations to an indirect unit of WE Soda for $1.43 billion.
Neutral
Business Wire
1 month ago
Genesis Energy, L.P. Announces the Sale of its Soda Ash Operations
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that it has closed a transaction to sell its soda ash manufacturing and related operations (the “Alkali Business”) to an indirect affiliate of WE Soda Ltd. Transaction highlights include: The implied enterprise value of the Alkali Business is $1.425 billion, inclusive of working capital at closing; The ORRI bonds, with approximately $390 million of remaining principal net of restricted cash, will stay in place and be an.
Positive
Seeking Alpha
2 months ago
Genesis Energy: Reaching An Inflection Point
Genesis Energy is nearing an inflection point with major capital projects nearly complete, leading to reduced capex and increased free cash flow. Management's focus on cost-cutting and debt reduction positions the company for higher distributions and improved financial health. With a projected adjusted EBITDA of $700 million in 2025, management has a clear pathway to improve the balance sheet.
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