Dashboard|GEL – Overview

GEL

GENESIS ENERGY LP

Transportation • CIK: 0001022321

Market Cap

$1.91B

P/E (TTM)

-3.7x

Rev Growth (TTM)

-1.8%

Net Margin (TTM)

-31.5%

FCF Yield (TTM)

3.5%

FCF Margin (TTM)

4.0%

LATEST EARNINGS

•

Q4 2025

•

22 days ago

•View source

Revenue

$440.75M

+10.5%

Net Income

$34.28M

—

EPS

$0.04

—

Operating

20.4%↑ +17.0%

Net

4.5%↑ +16.9%

•Net Income Attributable to Genesis Energy, L.P. of $19.9 million for Q4 2025, a significant improvement from a Net Loss of $49.4 million in Q4 2024.
•Cash Flows from Operating Activities increased to $110.8 million in Q4 2025 from $74.0 million in Q4 2024.
•Offshore pipeline transportation segment margin increased 57% year-over-year, driven by higher volumes from Shenandoah and Salamanca developments.
•Announced an increase in quarterly distribution to common unitholders to $0.18 per common unit, a 9.1% increase over the prior year's quarter.

View Full Earnings →

Cash Flow Health

Free Cash Flow2/8 positive

TTM$66M

Q4 '25

$87M+101%

Q3 '25

$43M+670%

FCF Margin

TTM4.0%

Q4 '2519.7%+89%

Sector: 4.3%Below Avg

OCF Margin15.5%

OCF/NI-0.49x

CapEx Coverage1.4x

FCF Yield3.5%

FCF Growth (2Y)–

Cash Conversion Cycle

126 days

DSO: 126+DIO: –−DPO: –

View Insights from Latest Filing →View Full Cash Flow Statement →

Capital Allocation & Returns

Total Shareholder Yield

TTM0.0%

Div Yield0.0%

Insufficient data

Dividend & Payout Metrics

Dividend Yield (TTM)0.0%

Free Cash Flow (TTM)$65.9M

Stock Repurchases ()$0

Capital Return / FCF0.0%

Est. Dividends Paid (TTM)$0

Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM

6.0%

Stable

+0.0% YoY+5.6%

P25MedianP75

75th pctl (med: 0.1%)

DuPont BreakdownROIC = Margin × Turn × (1+D/E)

NOPAT Margin

15.4%

8Q: 12.0%

Asset Turnover

0.31x

8Q: 0.25x

Leverage (1+D/E)

–

Asset & CapEx Efficiency

Fixed Asset Turn

0.45x

8Q:0.39x

+13.5%

Invested Cap Turn

0.39x

8Q:0.33x

+13.0%

CapEx Intensity

4.5%

8Q:7.9%

CapEx/Depreciation

0.74x

Asset-based ROIC formula

Full Analysis

QUARTERLY TRENDS

Last 8 quarters + TTM

Metric	TTM	Q4 2025	Q3 2025	Q2 2025	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024
Revenue	$1.6B	$440.8M↑6.5%	$414.0M↑9.7%	$377.3M↓5.3%	$398.3M↓0.2%	$398.9M↑0.4%	$397.3M↓7.6%	$430.2M↓1.0%	$434.4M
Operating Income	$258.2M	$89.9M↑14.4%	$78.6M↑16.1%	$67.7M↑208.2%	$22.0M↑62.2%	$13.5M↓72.1%	$48.6M↓2.4%	$49.8M↓14.3%	$58.1M
Net Income	$-513.4M	$5.0M↑188.4%	$-5.7M↑62.9%	$-15.3M↑96.9%	$-497.5M↓598.0%	$-71.3M↓82.4%	$-39.1M↓27.5%	$-30.6M↓190.7%	$-10.5M
Operating Cash Flow	$252.8M	$110.8M↑57.7%	$70.3M↑49.5%	$47.0M↑89.4%	$24.8M↓66.5%	$74.0M↓15.3%	$87.3M↓16.6%	$104.7M↓16.8%	$125.9M
Free Cash Flow	$65.9M	$87.0M↑101.0%	$43.3M↑670.5%	$-7.6M↑86.6%	$-56.8M↓20.5%	$-47.1M↓45.7%	$-32.3M↑52.2%	$-67.5M↓40.0%	$-48.3M
Total Equity	N/A

Income Statement Cash Flow Statement Balance Sheet

Valuation Analysis

Fair Value

Price-to-EarningsTTM

-3.7x

Volatile

8Q: -49.5x+15985%

Valuation Lenses

Earnings

-3.7x

vs – sector

Cash Flow

27.4x

EV/FCF vs –

Growth-Adj

–PEG

N/A

Quality-Adj

–P/E per %ROIC

ROIC: 6.0%

Shareholder Returns

Dividend

–

Buyback

–

Total Yield

–

Market Cap$1.91B

EV$1.81B

Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score

38/100

Below Average

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)

–

8Q:–

Return on Invested Capital (ROIC)Top 25%

6.0%

8Q:–

+5.6%

vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 15.4%

Asset Turnover: 0.31x

Earnings Quality

Cash Conversion

-0.49x

OCF / Net Income

FCF Consistency

–

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin–

Capital Efficiency

Invested Capital Turnover0.39x

Working Capital

Cash Conversion Cycle126 days

Growth Quality & Momentum

Low Quality

Growth Quality Score

48/100

Growth 40%

Margins 30%

FCF 20%

Consistency 10%

Growth Rates

Revenue Growth YoY

-1.8%

OpInc Growth YoY

563.8%

EPS Growth YoY

-237.9%

FCF 3Y CAGR

N/A

Growth Quality Analysis

⚠Sustainability Index: 3.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Moderate

Profitability Cascade

Gross

—

Operating

15.8%

Top 25% in sector

Net

-31.5%

Margins Unknown

Earnings Quality Signals

SBC / Revenue

—

FCF vs Net Gap

+35.5 pts

FCF: 4.0% | Net: -31.5%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Fortress

Net Debt / EBITDA

Net Cash

(0.0x)Net Cash: $6.44M

Interest Coverage

–

+Net cash position: $6.44M

Leverage Metrics

Debt-to-Equity

–x

Balance sheet risk & solvency analysis