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Genesis Energy Lp  (GEL)
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    Sector  Utilities    Industry Natural Gas Utilities
   Industry Natural Gas Utilities
   Sector  Utilities
 
Price: $13.1000 $0.20 1.550%
Day's High: $13.17 Week Perf: 3.56 %
Day's Low: $ 12.66 30 Day Perf: 11.02 %
Volume (M): 538 52 Wk High: $ 13.42
Volume (M$): $ 7,045 52 Wk Avg: $10.97
Open: $13.02 52 Wk Low: $8.05



 Market Capitalization (Millions $) 1,604
 Shares Outstanding (Millions) 122
 Employees 1,200
 Revenues (TTM) (Millions $) 3,156
 Net Income (TTM) (Millions $) 162
 Cash Flow (TTM) (Millions $) -2
 Capital Exp. (TTM) (Millions $) 663

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

-33.72 %

8.93 %

• Customers Performance • Customers Expend. • Customers Efficiency • List of Customers


   

Stock Performances by Major Competitors

5 Days Decrease / Increase
     
AM        3.18% 
OKE        1.29% 
COP        0.14% 
CVX   -0.9%    
MPC        1.47% 
PSX   -0.1%    
• View Complete Report
   



Genesis Energy Lp

Genesis Energy L.P. Reports Improved Earnings in First Quarter of 2024

Investors in Genesis Energy, L.P. (NYSE: GEL) have been closely monitoring the company's financial performance in the first quarter of 2024. The company reported a loss of $0.09 per share, an improvement from the previous year's loss of $0.21 per share. The revenue for the quarter decreased by 2.594% to $770.11 million from the prior year, and sequentially decreased by 0.517% from the previous quarter. Despite this decline, the net income saw a significant increase of 459.5% to $18.956 million from the same period a year ago.
Additionally, Genesis Energy, L.P. highlighted improvements in its profit margins, with the net margin rising to 2.46% and operating margin edging up to 9.36%. The company also saw a decrease in inventories and an increase in operating earnings. However, some analysts have raised concerns about a decline in accounts receivable, possibly indicating slowing demand.

Business Update

Genesis Energy, L.P. Releases 2023 Tax Packages but Forewarns Potential Changes Pending Congressional Decisions

Published Mon, Mar 25 2024 5:00 PM UTC

Genesis Energy, L.P. (NYSE: GEL), a Houston-based energy company, has recently made its 2023 tax packages available for online access. However, the company cautions investors that the information provided may be subject to alteration due to potential retroactive changes in tax legislation currently under review by Congress and the Biden administration.Details of Tax Package ...

Business Update

Genesis Energy, L.P. Announces Update on Availability of 2023 Investor Tax Packages and Reports Financial Performance

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 Demonstrates Resilience in Face of Market Challenges

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

Genesis Energy: Sharing Success Through Robust Quarterly Distributions

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...






 

Genesis Energy Lp's Segments
 
 
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  Company Estimates  
  Revenue Outlook
Genesis Energy Lp does not provide revenue guidance.

Earnings Outlook
Genesis Energy Lp does not provide earnings estimates.

 
Geographic Revenue Dispersion




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