NYSE:GELOil and Gas
Genesis Energy (GEL) Stock Eyes Debt Reset After Return To Profit
Genesis Energy slipped 0.7% today to about US$15, even as the latest quarter landed with a very different message than that muted move suggests. The midstream and marine operator swung to a profit, with Q2 2026 basic earnings per share of roughly US$0.35 and net income of US$42.9m, after a run of loss making quarters.
The real story sits on the balance sheet. Management has been busy cutting expensive capital, retiring a large chunk of high cost preferreds and refinancing debt. These steps...