Genesis Energy

Genesis Energy LP engages in the provision of midstream services and produces natural soda ash. It operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals and Sulfur Services, Onshore Facilities and Transportation, and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment. The Sodium Minerals and Sulfur Services segment comprises Alkali and sulfur removal business. The Onshore Facilities and Transportation segment owns and leases suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading. The Marine Transportation segment provides transportation services by tank barge primarily for refined petroleum products, including heavy fuel oil and asphalt, as well as crude oil. The company was founded in 1996 and is headquartered in Houston, TX.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

Genesis Energy reports robust Q4 earnings, eyes growth opportunities

Genesis Energy's Q4 2022 performance reflects financial strength and operational resilience, with a focus on improving leverage and capital structure. The company is optimistic about 2023, aiming to capitalize on growth opportunities in its core business segments and enhance shareholder value through potential capital returns.

Genesis Energy resilient in Q1 amidst challenges, eyes growth

Genesis Energy faced challenges in Q1 2023 due to cold weather impacting soda ash business, but reaffirmed its financial guidance, showcasing resilience and confidence.
The company's strong balance sheet, focus on long-term value creation, and positive performance in key segments position it well for future growth and profitability.
While challenges persist, opportunities in the transitioning soda ash market and strong performance in key segments offer avenues for continued success and value creation.
Management changes and ESG commitments underscore the company's strategic focus on sustainable growth and value creation, aligning with evolving market trends and investor preferences.

Genesis Energy surpasses Q2 expectations, anticipates significant cash flow growth

Genesis Energy delivered strong Q2 results, exceeding expectations and adjusting full-year guidance upwards. While facing challenges in some segments, the company remains optimistic about long-term prospects and anticipates significant cash flow growth. Genesis is focused on completing its capital program and enhancing shareholder returns.

Genesis Energy (GEL) surpasses Q3 expectations, eyes long-term growth

Genesis Energy's Q3 performance exceeded expectations, with a strong focus on long-term growth and value creation across its diversified business segments.
Despite short-term challenges in pricing and lease issues, the company remains optimistic about its fundamentals and is committed to returning value to stakeholders.
With a strategic approach to capital allocation and a resilient business model, Genesis Energy is poised for sustained growth and value creation in the future.

Genesis Energy (GEL) exceeds EBITDA guidance, eyes long-term growth

Genesis Energy's Q4 2023 earnings call highlighted strong financial performance, challenges in the soda ash business, and a focus on long-term value creation. Despite facing pricing pressures, the company remains optimistic about future growth opportunities and is committed to enhancing shareholder value.

Genesis Energy reports strong Q1 earnings, eyes improved pricing

Genesis Energy's Q1 2024 earnings call highlighted solid performance in Offshore Pipeline and Marine Transportation segments. Challenges persist in the Soda and Sulfur Services segment, with opportunities for improved pricing. Management's focus on financial strength and capital allocation positions the company well for future growth.

Genesis Energy projects strong growth, diversification drives resilience

Genesis Energy is poised for strong financial performance and growth, with a focus on long-term value creation and shareholder rewards.
Despite challenges in the Offshore segment, the company's diversified business model and strategic priorities support resilience and opportunity.
Opportunities for growth exist in new developments, improved market dynamics, and efficient capital allocation strategies.
Overall, Genesis Energy's performance, strengths, and opportunities outweigh challenges, positioning the company for sustained success and value creation.

Genesis Energy faces challenges but eyes growth in 2025

Genesis Energy navigated challenges in Q3 2024, with a focus on improving financial performance by year-end and anticipating growth in 2025.
Despite hurdles in the Offshore and Soda and Sulfur Services segments, the company remains committed to safe operations and long-term value creation.
Efforts to evaluate cost-cutting measures and generate excess cash flow by 2025 position Genesis Energy for future growth and financial stability.
Management's confidence in overcoming current challenges and delivering on financial goals underscores the company's resilience and strategic focus.

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Genesis Energy, L.P. (GEL) CEO Grant Sims on Q4 2020 Results - Earnings Call Transcript

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its fourth quarter results. We generated the following financial results for the fourth quarter of 2020: Net Loss Attributable to Genesis Energy, L.P. of $85.2 million for the fourth quarter of 2020, compared to Net Income Attributable to Genesis Energy, L.P. of $22.4 million for the same period in 2019. Cash Flows from Operating Activities of $1.1 million for the fourth quarter of 2020 compared to $50.6 million for the

Genesis Energy, L.P. Reports Fourth Quarter 2020 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the UBS Winter Infrastructure & Energy Virtual Conference. The conference is being held virtually on January 12th and 13th. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited part

Genesis Energy, L.P. to Present at the UBS Winter Infrastructure & Energy Virtual Conference

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Midstream stocks underperformed the broad market for a fourth straight week. Midstream's bounce off the bottom early in the quarter appears to have left positioning largely settled into year-end. High quality, demand-pull pipeline and export infrastructure should outperform upstream-oriented names in a sector where money flows into midstream sector funds is challenged, but generalists might find value and opportunity among a few of the higher-quality, scale midstream players.

Another Lost Week, Year For Midstream

Genesis Energy was one of the heaviest hit MLPs from this downturn and thus sent their leverage to dangerous very high levels. There is hope on the horizon with new projects coming online in 2021 and 2022 that could potentially add $100m per annum to their EBITDA.

Genesis Energy: Still One Of The Heaviest Hit MLPs, Hope On The Horizon For The Risky Yield

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced that its previously announced cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.000% senior unsecured notes due 2023 that we co-issued with our subsidiary, Genesis Energy Finance Corporation (the “Notes”) expired at 5:00 p.m., New York City time, on December 16, 2020 (the “Expiration Time”). As of the Expiration Time, $308,783,000 aggregate principal amount of the outstandin

Genesis Energy, L.P. Announces the Expiration of Its Tender Offer for Any and All of Aggregate Principal Amount of Its 6.000% Senior Notes Due 2023

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced the commencement of a cash tender offer to purchase any and all of the outstanding aggregate principal amount of the 6.000% senior unsecured notes due 2023 that we co-issued with our subsidiary, Genesis Energy Finance Corporation. As of December 10, 2020, $389,642,000 aggregate principal amount of the notes were outstanding. The tender offer is being made pursuant to an offer to purchase and a related letter of transmitt

Genesis Energy, L.P. Announces Tender Offer for Any and All of Aggregate Principal Amount of Its 6.000% Senior Notes Due 2023

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 Wells Fargo Virtual Midstream and Utility Symposium. The conference is being held virtually on December 8th and 9th. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partne

Genesis Energy, L.P. to Present at the 2020 Wells Fargo Virtual Midstream and Utility Symposium

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the Capital One Securities 15th Annual Energy Conference. The conference is being held virtually on December 7th. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headqu

Genesis Energy, L.P. to Present at the Capital One Securities 15th Annual Energy Conference

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the BofA Securities 2020 Leveraged Finance Virtual Conference. The conference is being held on December 2nd. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master limited partnership headquarter

Genesis Energy, L.P. to Present at the BofA Securities 2020 Leveraged Finance Virtual Conference

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Energy stocks (midstream included) continued their recent run of positive stock performance in this short week, helped by ongoing positive vaccine data points. The OPEC meeting next week is expected to see the group extend production cuts beyond January 2021.

Midstream Parade Goes On

At Insider Monkey, we pore over the filings of nearly 817 top investment firms every quarter, a process we have now completed for the latest reporting period. The data we've gathered as a result gives us access to a wealth of collective knowledge based on these firms' portfolio holdings as of September 30. In this article, we will use that wealth of knowledge to determine whether or not Genesis Energy, L.P. (NYSE:GEL) makes for a good investment right now.

Where Do Hedge Funds Stand On Genesis Energy, L.P. (GEL)?

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference. The conference is being held on November 18th and 19th. The Partnership's latest presentation materials are available and may be downloaded by visiting the Partnership's website at www.genesisenergy.com under “Presentations” under the Investors tab. Genesis Energy, L.P. is a diversified midstream energy master

Genesis Energy, L.P. to Present at the 2020 RBC Capital Markets Midstream and Energy Infrastructure Virtual Conference

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It happened in 2008 and 2009, and despite a huge rally off the bottom, many companies that investors are very familiar with have taken a beating.

5 Contrarian Energy MLPs Under $10 With Massive Dividends and Potential Upside

Genesis Energy's (GEL) CEO Grant Sims on Q3 2020 Results - Earnings Call Transcript

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 2020: Net Loss Attributable to Genesis Energy, L.P. of $29.7 million for the third quarter of 2020, compared to Net Income Attributable to Genesis Energy, L.P. of $17.6 million for the same period in 2019. Cash Flows from Operating Activities of $143.5 million for the third quarter of 2020 compared to $136.1 million for the s

Genesis Energy, L.P. Reports Third Quarter 2020 Results

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it has executed agreements with a subsidiary of Denbury Inc. (“Denbury”) to sell 100% of the Free State CO2 pipeline and to accelerate remaining payments owed under the NEJD financing lease. During the 4th quarter Genesis received proceeds of $22.5 million for the Free State CO2 pipeline and is scheduled to receive an additional $70 million in cash, to be paid over four equal quarterly installments of $17.5 million,

Genesis Energy, L.P. Exits Non-Core Legacy CO2 Pipeline Business and Accelerates Its Repayment of Debt

Ciner Resources

Natural Resource Partners

The Green River Basin of Wyoming is home to the world's largest trona deposit, from which soda ash can be produced at very competitive costs. Three MLPs - Ciner Resources LP ("Ciner"), Genesis Energy LP and Natural Resource Partners LP - offer investors exposure to this unglamorous but essential industry.

Unique Assets: Wyoming's Green River Basin (Ciner Resources, Genesis Energy, Natural Resource Partners)

Normally when a distribution is reduced massively, it would be expected that the risks of seeing further reductions have largely faded. This can unfortunately not be said for Genesis Energy and their unitholders who saw a massive 73% distribution reduction earlier in 2020.

Genesis Energy: Very High Yield And Very High Stakes Heading Into Q3 Reporting

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE:GEL) intends herewith to provide an update on its offshore operations, following Hurricane Laura, as well as disclose the receipt of some $41 million in cash that will also be accounted for as an increase in reported Adjusted EBITDA for the third quarter.

Genesis Energy, L.P. Provides Operational and Commercial Update

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) announced today that it will participate in the 2020 Citi One-on-One Midstream / Energy Infrastructure Virtual Conference.

Genesis Energy, L.P. to Present at the 2020 Citi One-on-One Midstream / Energy Infrastructure Virtual Conference

Genesis Energy, L.P. (GEL) CEO Grant Sims on Q2 2020 Results - Earnings Call Transcript

The Midstream partnership disappointed investors when it reported earnings, and they weren't shy about showing it.

Why Genesis Energy Units Fell More Than 10% at the Open Today

Shares of Genesis Energy (NYSE:GEL) fell 9% in pre-market trading after the company reported Q2 results.

Recap: Genesis Energy Q2 Earnings

HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE: GEL) today announced its second quarter results.

News for Genesis Energy Stock (GEL)