Genesis Energy (NYSE:GEL) Releases Earnings Results, Beats Expectations By $0.13 EPS

Genesis Energy (NYSE:GEL) announced its earnings results on Thursday. The pipeline company reported ($0.05) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.18) by $0.13, FiscalAI reports. The company had revenue of $449.25 million during the quarter, compared to analysts’ expectations of $449.25 million. Genesis Energy had a net margin of 4.29% and a return on equity of 55.96%. Genesis Energy’s quarterly revenue was up 8.5% on a year-over-year basis. During the same quarter in the previous 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 Price Performance

NYSE GEL opened at $12.83 on Friday. The company has a current ratio of 0.93, a quick ratio of 0.90 and a debt-to-equity ratio of 24.31. The company has a 50-day moving average price of $14.62 and a two-hundred day moving average price of $15.89. Genesis Energy has a 52 week low of $12.48 and a 52 week high of $18.64. The stock has a market cap of $1.57 billion, a price-to-earnings ratio of 67.53 and a beta of 0.79.

Genesis Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 13th. Stockholders of record on Friday, October 30th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 30th. This represents a $0.80 annualized dividend and a dividend yield of 6.2%. Genesis Energy’s dividend payout ratio (DPR) is presently 421.05%.

Analyst Ratings Changes

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

Genesis Energy Company Profile

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.