Price: $10.4900
$0.22
2.142%
|
Day's High:
| $10.55
| Week Perf:
| -7.17 %
|
Day's Low: |
$ 10.14 |
30 Day Perf: |
-3.85 % |
Volume (M): |
1,259 |
52 Wk High: |
$ 12.78 |
Volume (M$): |
$ 13,202 |
52 Wk Avg: |
$10.76 |
Open: |
$10.22 |
52 Wk Low: |
$8.05 |
|
|
Market Capitalization (Millions $) |
1,287 |
Shares
Outstanding (Millions) |
123 |
Employees |
1,200 |
Revenues (TTM) (Millions $) |
3,177 |
Net Income (TTM) (Millions $) |
146 |
Cash Flow (TTM) (Millions $) |
1 |
Capital Exp. (TTM) (Millions $) |
620 |
Genesis Energy Lp
We are a growth-oriented master limited partnership formed in Delaware in 1996
and focused on the midstream segment of the crude oil and natural gas industry
in the Gulf Coast region of the United States, Wyoming and in the Gulf of Mexico.
Our common units are traded on the New York Stock Exchange under the ticker
symbol “GEL.” Our principal executive offices are located at 919
Milam, Suite 2100, Houston, Texas 77002 and our telephone number is (713) 860-2500.
Except to the extent otherwise provided, the information contained in this annual
report is as of December 31, 2016.
We provide an integrated suite of services to refiners, crude oil and natural
gas producers, and industrial and commercial enterprises. We currently have
two distinct, complimentary types of operations-(i) our onshore-based refinery-centric
operations located primarily in the Gulf Coast region of the U.S., which focus
on providing a suite of services primarily to refiners, and (ii) our offshore
Gulf of Mexico crude oil and natural gas pipeline transportation and handling
operations, which focus on providing a suite of services primarily to integrated
and large independent energy companies who make intensive capital investments
(often in excess of billions of dollars) to develop numerous large-reservoir,
long-lived crude oil and natural gas properties. Our onshore-based operations
occur upstream of, at, and downstream of refinery complexes. Upstream of refineries,
we aggregate, purchase, gather and transport crude oil, which we sell to refiners.
Within refineries, we provide services to assist in sulfur removal/balancing
requirements. Downstream of refineries, we provide transportation services as
well as market outlets for finished refined petroleum products and certain refining
by-products. In our offshore crude oil and natural gas pipeline transportation
and handling operations, we provide service to one of the most active drilling
and development regions in the U.S.—the Gulf of Mexico, a producing region
representing approximately 18% of the crude oil production in the U.S. in 2016.
We have a diverse portfolio of customers, operations and assets, including pipelines,
refinery-related plants, storage tanks and terminals, railcars, rail loading
and unloading facilities, barges and other vessels, and trucks. Substantially
all of our revenues are derived from providing services to refiners, integrated
and large independent crude oil and natural gas companies, and industrial and
commercial enterprises.
We conduct our operations and own our operating assets through our subsidiaries
and joint ventures. Our general partner, Genesis Energy, LLC, a wholly-owned
subsidiary that owns a non-economic general partner interest in us, has sole
responsibility for conducting our business and managing our operations. Our
outstanding common units (including our Class B common units) representing limited
partner interests constitute all of the economic equity interests in us.
In the fourth quarter of 2016, we reorganized our operating segments as a result
of the way our Chief Executive Officer, who is our chief operating decision
maker, evaluates the performance of operations, develops strategy and allocates
resources. The results of our onshore pipeline transportation segment, formerly
reported under its own segment, are now reported in our supply and logistics
segment. This change is consistent with the increasingly integrated nature of
our onshore operations.
As a result of the above changes, we currently manage our businesses through
four divisions that constitute our reportable segments - offshore pipeline transportation,
refinery services, marine transportation, and supply and logistics. Our disclosures
related to prior periods have been recast to reflect our reorganized segments.
Our primary business strategy is to provide an integrated suite of services
to refiners, crude oil and natural gas producers, and industrial and commercial
enterprises. Successfully executing this strategy should enable us to generate
and grow sustainable cash flows. We currently have two distinct, complimentary
types of operations: (i) our onshore-based crude oil and refined petroleum products
transportation, supply and logistics, and handling operations, focusing predominantly
on refinery-centric customers (as opposed to producers), and (ii) our offshore
Gulf of Mexico crude oil and natural gas pipeline transportation and handling
operations, focusing on integrated and large independent energy companies who
make intensive capital investments (often in excess of billions of dollars)
to develop numerous large-reservoir, long-lived crude oil and natural gas properties.
Refiners are the shippers of approximately 80% of the volumes transported on
our onshore crude pipelines, and refiners contract for approximately 80% of
the use of our inland barges, which are used primarily to transport intermediate
refined products (not crude oil) between refining complexes. The shippers on
our offshore pipelines are mostly integrated and large independent energy companies
who have developed, and continue to explore for, numerous large-reservoir, long-lived
crude oil properties whose production is ideally suited for the vast majority
of refineries along the Gulf Coast, unlike the lighter crude oil and condensates
produced from numerous onshore shale plays. Those large-reservoir properties
and the related pipelines and other infrastructure needed to develop them are
capital intensive and yet, we believe, economically viable, in most cases, even
in this lower commodity price environment.
We believe we are well positioned to execute our strategies and ultimately
achieve our objectives due primarily to the following competitive strengths:
We have limited direct commodity price risk exposure. The volumes of crude oil,
refined products or intermediate feedstocks we purchase are either subject to
back-to-back sales contracts or are hedged with NYMEX derivatives to limit our
direct exposure to movements in the price of the commodity, although we cannot
completely eliminate commodity price exposure. Our risk management policy requires
us to monitor the effectiveness of the hedges to maintain a value at risk of
such hedged inventory not in excess of $2.5 million. In addition, our service
contracts with refiners allow us to adjust the rates we charge for processing
to maintain a balance between NaHS supply and demand.
Our businesses encompass a balanced, diversified portfolio of customers, operations
and assets. We operate four business segments and own and operate assets that
enable us to provide a number of services primarily to refiners, crude oil and
natural gas producers, and industrial and commercial enterprises that use NaHS
and caustic soda. Our business lines complement each other by allowing us to
offer an integrated suite of services to common customers across segments. Our
businesses are primarily focused on providing (i) onshore-based refinery-centric
crude oil and refined products transportation and handling services and (ii)
offshore crude oil and natural gas pipeline transportation and related handling
services in the Gulf of Mexico to mostly integrated and large independent energy
companies. We are not dependent upon any one customer or principal location
for our revenues.
Some of our pipeline transportation and related assets are strategically located.
Our pipelines are critical to the ongoing operations of our refiner and producer
customers. In addition, a majority of our terminals are located in areas that
can be accessed by truck, rail or barge.
We believe we are one of the largest marketers of NaHS in North and South America.
We believe the scale of our well-established refinery services operations as
well as our integrated suite of assets provides us with a unique cost advantage
over some of our existing and potential competitors.
Some of our supply and logistics assets are operationally flexible. Our portfolio
of trucks, railcars, barges and terminals affords us flexibility within our
existing regional footprint and provides us the capability to enter new markets
and expand our customer relationships.
Our marine transportation assets provide waterborne transportation throughout
North America. Our fleet of barges and boats provide service to both inland
and offshore customers within a large North American geographic footprint. All
of our vessels operate under the U.S. flag and are qualified for U.S. coastwise
trade under the Jones Act.
Our businesses provide relatively consistent consolidated financial performance.
Our historically consistent and improving financial performance, combined with
our goal of a conservative capital structure over the long term, has allowed
us to generate relatively stable and increasing cash flows, allowing us to increase
our distribution for forty-six consecutive quarters as of our most recent distribution
declaration.
Our expertise and reputation for high performance standards and quality enable
us to provide refiners with economic and proven services. Our extensive understanding
of the sulfur removal process and crude oil refining can provide us with an
advantage when evaluating new opportunities and/or markets.
We have an experienced, knowledgeable and motivated executive management team
with a proven track record. Our executive management team has an average of
more than 25 years of experience in the midstream sector. Its members have worked
in leadership roles at a number of large, successful public companies, including
other publicly-traded partnerships. Through their equity interest in us, our
executive management team is incentivized to create value by increasing cash
flows.
Company Address: 811 Louisiana, Suite 1200, Houston 77002 TX
Company Phone Number: 860-2500 Stock Exchange / Ticker: NYSE GEL
|
|
Customers Net Income fell by |
GEL's Customers Net Profit Margin fell to |
-50.25 % |
6.14 %
|
|
|
|
|
|
Stock Performances by Major Competitors |
|
|
Business Update
Published Fri, Mar 1 2024 11:00 AM UTC
Genesis Energy, L.P. Provides Update on Availability of 2023 Investor Tax PackagesHouston-based energy company, Genesis Energy, L.P., recently announced an update on the expected availability of its 2023 Investor Tax Packages, including Schedule K-1 for its common unitholders. In previous years, these packages have been available by early March for the preceding tax year. Ho...
|
Genesis Energy Lp
Genesis Energy Lp Faces Challenges with Declining Revenue Houston-based company Genesis Energy, L.P. has recently released its financial results for the October to December 31, 2023, financial period. The company experienced a slip into a shortfall of $-0.08 per share, compared to $0.15 from the previous year. Additionally, EPS fell from $0.29 per share from the preceding quarter. These numbers indicate a challenging period for Genesis Energy, as is the case with many businesses in the Natural Gas Utilities sector, which are also facing declining businesses and retracting revenue. However, it's worth noting that the company's revenue advanced by 8.412% to $774.10 million from $714.04 million in the corresponding quarter a year before. On a sequential basis, revenue decreased by -4.15% from $807.62 million. Despite the decline in profitability, Genesis Energy Lp managed to generate a net profit of $20.499 million in the October to December 31, 2023, financial period. However, this represents a decrease of -56.01% from $46.598 million in the corresponding period a year before.
|
Dividend
Published Thu, Jan 11 2024 11:00 AM UTC
Genesis Energy, L.P., the Houston-based company (NYSE: GEL), has joined the ranks of energy giants rewarding their faithful shareholders. The Board of Directors overseeing the general partner of Genesis Energy declared a notable distribution on the firm's common units and Class A Convertible Preferred Units. This favorable announcement centers on the distribution attrib...
|
Product Service News
Published Thu, Dec 21 2023 11:00 AM UTC
Houston-based Genesis Energy L.P., a diversified midstream energy company, has released its 2022 sustainability report in the face of challenging economic times. The release encourages greater transparency into how the company is managing major sustainability metrics pertinent to its industry and the overall business environment.The report was launched against a backdrop of ...
|
Financing Agreement
Published Thu, Dec 7 2023 4:18 AM UTC
Genesis Energy, L.P. Enhances Shareholder Value with Quarterly Distributions and Successful Tender Offer HOUSTON - In a bold move showcasing its unwavering commitment to shareholder value, Genesis Energy, L.P. (NYSE: GEL) announced today the expiration of its cash tender offer for the outstanding aggregate principal amount of the 6.500% senior unsecured notes due 2025. C...
|
Per Share |
Current |
Earnings (TTM) |
0.22 $ |
Revenues (TTM) |
25.89 $
|
Cash Flow (TTM) |
0.01 $ |
Cash |
0.08 $
|
Book Value |
-
|
Dividend (TTM) |
0 $ |
|
Per Share |
|
Earnings (TTM) |
0.22 $
|
Revenues (TTM) |
25.89 $ |
Cash Flow (TTM) |
0.01 $ |
Cash |
0.08 $
|
Book Value |
- |
Dividend (TTM) |
0 $ |
|
|
|
|