Genesis Energy (NYSE:GEL) Issues Earnings Results, Beats Estimates By $0.13 EPS

Genesis Energy (NYSE:GEL) issued its earnings results on Thursday. The pipeline company reported ($0.05) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.13, FiscalAI reports. Genesis Energy had a return on equity of 55.96% and a net margin of 4.29%. Genesis Energy’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period last year, the business posted ($0.05) earnings per share.

Here are the key takeaways from Genesis Energy’s conference call:

• Genesis said 2026 Adjusted EBITDA will likely be near or possibly below the low end of its original guidance, with management citing lower offshore volumes and operational delays. In Q&A, the CEO indicated results could be around $570 million.
• Offshore volumes were affected by curtailments and well issues at Shenandoah, plus a Salamanca turnaround; expected new production at both fields has shifted into the first quarter of 2027. Management says minimum volume commitments provide some downside protection and characterizes the delays as timing issues, while acknowledging operators are still working through technical challenges.
• Marine utilization is effectively 100%, with negotiated spot rates up more than 10% in recent periods. The company expects higher rates as contracts reprice, including much of its inland fleet and about half of its offshore fleet over the coming year.
• Genesis has retired about 40% of its high-cost Series A preferred securities this year and has no debt maturities until 2029, though bank-calculated leverage was approximately 5.03x at quarter-end and about $311 million of preferred remains. The quarterly common distribution is unchanged at $0.20 per unit, up approximately 21% year over year.

Genesis Energy Stock Performance

Shares of GEL traded down $0.69 during trading hours on Thursday, hitting $12.56. The stock had a trading volume of 521,962 shares, compared to its average volume of 229,868. The firm has a 50-day moving average price of $14.69 and a 200 day moving average price of $15.91. Genesis Energy has a fifty-two week low of $12.49 and a fifty-two week high of $18.64. The firm has a market capitalization of $1.54 billion, a price-to-earnings ratio of 66.14 and a beta of 0.79. The company has a debt-to-equity ratio of 24.31, a quick ratio of 0.90 and a current ratio of 0.93.

Genesis Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 13th. Investors of record on Friday, October 30th will be paid a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 6.4%. The ex-dividend date is Friday, October 30th. Genesis Energy’s payout ratio is currently 421.05%.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the company. Royal Bank Of Canada reduced their price objective on Genesis Energy from $18.00 to $17.00 and set an “outperform” rating for the company in a research note on Tuesday, October 13th. Weiss Ratings upgraded Genesis Energy from a “hold (c-)” rating to a “hold (c)” rating in a research report on Thursday, August 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, Genesis Energy presently has an average rating of “Moderate Buy” and a consensus price target of $17.50.

About Genesis Energy

Genesis Energy, L.P. is a Houston-based publicly traded master limited partnership that provides midstream energy infrastructure and related industrial services. The company owns and operates assets used to gather, transport, process and store crude oil and other energy products, primarily in the United States.

Genesis Energy’s offshore pipeline transportation business serves producers in the Gulf of Mexico, moving crude oil and natural gas through an extensive network of pipelines and related infrastructure.