Price as of close on Nov 3, 2026 · Financials updated Oct 8, 2026
Basics
Sector
Energy
Industry
Oil & Gas Midstream
Country
United States
Market cap
1.8B USD
Enterprise value
4.9B USD
Full-time employees
1,046
Overall health
Strength:its shares are priced lower than most peers relative to what it earnspriced lower than peers for its earnings
Drawback:less profitable than most peersless profitable than peers
Drawback:higher risk than most peers: its share price swings more than most peers’ (beta 0.81 vs a peer median of 0.57), though less than the overall market and less short-term liquidity (current ratio 0.93 vs a peer median of 1.37)higher risk: bigger price swings (beta 0.81 vs peers 0.57) and less liquidity (current ratio 0.93 vs peers 1.37)
Negative shareholders' equity. Liabilities exceed assets on the balance sheet.
Genesis Energy, L.P.'s liabilities exceed its assets on the balance sheet. Large share buybacks can cause this in healthy companies, but so can accumulated losses; either way, debt-based ratios need care.
Stock pay outran buybacks. Stock-based pay expense $46M vs $1M spent repurchasing shares over the 3 fiscal years to 2025.
Over three fiscal years Genesis Energy, L.P. recorded $46M of stock-based pay expense and spent $1M repurchasing shares (repurchases can include shares withheld to cover employees' taxes). Repurchases were smaller than the stock pay, so they did little to offset new employee shares.Over three fiscal years Genesis Energy, L.P. recorded $46M of stock-based pay expense and spent $1M repurchasing shares. Repurchases were smaller than the stock pay, so they did little to offset new employee shares.
Earnings turned from a loss to a profit. Profit per share this year after a loss last year.
Genesis Energy, L.P. made a profit per share in its latest year after a loss the year before.
Operating margin at a 6-year high.16% in 2025, the best of the last 6 years.
Genesis Energy, L.P. kept 16% of revenue as operating profit in 2025, its highest in the 6 years of filings we have.
Since last quarter: No major changeValuation also moves with the share price every day.
Why it changed since the Oct 27, 2026 close: Score 64 → 62
Peer companies moved-2
Each step re-scores the company against its peers as they were on Oct 28, 2026; the parts add up to the change. Price effects on EBITDA yield are approximate.
Shareholders' equity is negative, so debt/equity counts as among the highest in its peer group33% base weight · Z-score -7.81Sector median: 0.4659 · MAD: 0.3175
Valuation, growth and profitability scores: higher is better. Risk: 0 is lower, 2 is higher. Risk is a relative proxy, not a bankruptcy probability. Scores depend on available sector peers.
Questions investors ask about Genesis Energy, L.P.
Is Genesis Energy, L.P. getting weaker?
Its latest SEC filing (Aug 6, 2026) showed no major changes. Its overall score is 46/100, down 1 since Oct 28, 2026.
How is Genesis Energy, L.P. valued vs its peers?
Priced lower than most peers relative to what it earns. Valuation scores 62/100 against 404 energy peers.Free cash flow yield 19.3% vs a peer median of 6.2% (stronger than 92% of peers).Free cash flow yield 19.3% vs peers 6.2% (stronger than 92% of peers).
Is Genesis Energy, L.P. growing?
Yes, faster than most of its peers. Growth scores 79/100 against 404 energy peers.Revenue growth 16.6% vs a peer median of 0.5% (stronger than 81% of peers).Revenue growth 16.6% vs peers 0.5% (stronger than 81% of peers).3-year revenue growth -15.4% vs a peer median of -1.3% (weaker than 90% of peers).3-year revenue growth -15.4% vs peers -1.3% (weaker than 90% of peers).
How profitable is Genesis Energy, L.P.?
About as profitable as its peers. Profitability scores 40/100 against 404 energy peers.Operating margin 19.1% vs a peer median of 11.7% (stronger than 66% of peers).Operating margin 19.1% vs peers 11.7% (stronger than 66% of peers).Return on assets 1.5% vs a peer median of 4.4% (weaker than 75% of peers).Return on assets 1.5% vs peers 4.4% (weaker than 75% of peers).
How risky is Genesis Energy, L.P.?
Higher risk relative to 404 energy peers, judged on debt, liquidity and share-price swings.Current ratio 0.93× vs a peer median of 1.37× (weaker than 75% of peers).Current ratio 0.93× vs peers 1.37× (weaker than 75% of peers). A relative measure, not a bankruptcy probability.
Latest filing: what changed
Quarter ended Jun 30, 2026 · filed Aug 6, 2026 · compared with the quarter ended Mar 31, 2026
No major changes
Previous quarter
Latest quarter
Change
Revenue (12 months)
1.7B USD
1.8B USD
+9.2%
Net income (12 months)
35.5M USD
78.7M USD
+122.0%
Operating margin
18.6%
19.1%
+0.5 pts
Free cash flow (12 months)
178.4M USD
339.6M USD
+90.4%
Debt
3.2B USD
3.2B USD
+0.9%
Cash
4.2M USD
39.3M USD
+832.6%
From the company’s own SEC filings, as filed. Twelve-month figures roll forward one quarter at a time.
Industry valuation context
Industry: Oil & Gas Midstream · 32 companies
Valuations in Oil & Gas Midstream are near the top of their range since Aug 2019.
86% of months since Aug 2019 were valued lower than now.
54% of companies are in the most expensive fifth of their own price-to-sales history.
Over 24 months, company values +44% and earnings +16% (medians): prices rose faster than earnings.
Median price-to-sales is +39% vs the whole market, against a usual +3%.
Aug 2019Shaded: most expensive fifth of its range2026
This is a cyclical group: after a downturn, trailing earnings and sales fall faster than prices, which can make valuations look high near a cycle's low.
Describes valuations since Aug 2019; it does not predict prices. US companies worth $1B+, from SEC filings and month-end prices, as of Aug 2026. Today's companies and industry labels are used throughout. Measured on earnings, EBITDA, sales and free cash flow yields. How this works
Financials
Fiscal years from SEC annual filings · change vs the prior year
Key ratios
FY 2021
FY 2022
FY 2023
FY 2024
FY 2025
Change
Operating margin
3.6%
11.3%
11.9%
10.2%
15.8%
▲ 5.6 pts
Net margin
-7.8%
2.7%
6.8%
-3.9%
-27.0%
▼ 23 pts
Return on assets (ROA)
-2.8%
1.2%
1.7%
-0.9%
-9.1%
▼ 8.2 pts
Free cash flow margin
1.7%
-3.2%
-5.7%
-11.8%
4.0%
▲ 16 pts
Current ratio
1.09×
1.20×
1.00×
1.06×
0.98×
▼ 7.5%
Quick ratio
0.93×
1.09×
0.86×
1.02×
0.90×
▼ 11%
Interest coverage
—
1.39×
0.84×
0.59×
—
—
GEL price history
Price history is added with the daily price update and will appear after the next one.