Genesis Energy Management
Management criteria checks 3/4
Genesis Energy's CEO is Grant Sims, appointed in Aug 2006, has a tenure of 17.75 years. total yearly compensation is $3.21M, comprised of 26.3% salary and 73.7% bonuses, including company stock and options. directly owns 2.46% of the company’s shares, worth $35.61M. The average tenure of the management team and the board of directors is 1.2 years and 14.2 years respectively.
Key information
Grant Sims
Chief executive officer
US$3.2m
Total compensation
| CEO salary percentage | 26.3% |
| CEO tenure | 17.8yrs |
| CEO ownership | 2.5% |
| Management average tenure | 1.2yrs |
| Board average tenure | 14.2yrs |
Recent management updates
Recent updates
Genesis Energy: 2025 Could Be A Big Year
Dec 02Genesis Energy: LT Outlook Remains Strong Despite Lowered Guidance Following Q2 Results
Sep 11Genesis Energy: Strong Outlook Despite Slight Q1 Miss, Maintain Strong Buy
Jul 21Genesis Energy: Set To Rally With The Revival In Offshore Drilling
Jul 13Genesis Energy: A Unique High-Yielder In The Midstream Sector
Jun 07Genesis Energy GAAP EPS of $0.15 in-line, revenue of $714.04M
Feb 22Genesis Energy announces public offering of senior notes
Jan 18Genesis Energy declares $0.15 dividend
Jan 12My Top 2023 Pick: Genesis Energy
Dec 26Genesis Energy: Positive Momentum Heading Into 2023
Dec 12Genesis Energy GAAP EPS of -$0.12 misses by $0.14, revenue of $721.24M
Oct 27Genesis Energy declares $0.15 dividend
Oct 11Genesis Energy: Emerging Green Shoots, But Dark Clouds Forming
Oct 04Genesis Energy: Near-Term Growth Potential With A 7.5% Yield But Watch The Debt
Jul 26Genesis Energy declares $0.15 dividend
Jul 13Genesis Energy: New Contracts For 160,000 Bpd Of Oil Transport On CHOPS Affirms Our Bullish Stance
May 26Genesis Energy: Failing To Capitalize On Booming Operating Conditions
May 06Genesis Energy: Buy The Dip. Despite 2022 Guidance Below Forecast, We Explain Why We Believe Genesis Is Still A Double+ The Next Two Years
Feb 28Genesis Energy: Sale Of 36% Stake Was In Fact Included In The Moody's Downgrade
Dec 08Genesis Energy: Moody's Downgrade Likely Ignored Credit Accretive Sale Of 36% Stake In CHOPS
Dec 01Genesis Energy: Positive On Sale Of 36% Stake In CHOPS Offshore Pipeline
Nov 24Genesis Energy: Finally Turning A Corner But Right As Delta Risks Loom Large
Aug 31Genesis Energy: A Clever Way To Play Lithium
Jun 10Genesis Energy: Last Minute Debt Refinancing Saves The Day, But Still Skating On Thin Ice
May 10Genesis Energy EPS misses by $0.33, beats on revenue
May 05Genesis Energy declares $0.15 dividend
Jan 14Genesis Energy: Still One Of The Heaviest Hit MLPs, Hope On The Horizon For The Risky Yield
Dec 29Genesis Energy: A Few Opportunities But Debt Load Is Concerning
Dec 24Genesis Energy (GEL) Presents At 2020 Wells Fargo Midstream and Utility Symposium Conference - Slideshow
Dec 15Genesis Energy upsizes and prices senior note offering
Dec 10CEO Compensation Analysis
| Date | Total Compensation | Salary | Company Earnings |
|---|---|---|---|
| Dec 31 2023 | US$3m | US$842k | US$27m |
| Sep 30 2023 | n/a | n/a | US$55m |
| Jun 30 2023 | n/a | n/a | US$3m |
| Mar 31 2023 | n/a | n/a | -US$6m |
| Dec 31 2022 | US$3m | US$758k | -US$5m |
| Sep 30 2022 | n/a | n/a | -US$110m |
| Jun 30 2022 | n/a | n/a | -US$134m |
| Mar 31 2022 | n/a | n/a | -US$211m |
| Dec 31 2021 | US$2m | US$650k | -US$240m |
| Sep 30 2021 | n/a | n/a | -US$257m |
| Jun 30 2021 | n/a | n/a | -US$266m |
| Mar 31 2021 | n/a | n/a | -US$551m |
| Dec 31 2020 | US$1m | US$650k | -US$491m |
| Sep 30 2020 | n/a | n/a | -US$384m |
| Jun 30 2020 | n/a | n/a | -US$337m |
| Mar 31 2020 | n/a | n/a | US$30m |
| Dec 31 2019 | US$737k | US$650k | US$22m |
| Sep 30 2019 | n/a | n/a | -US$25m |
| Jun 30 2019 | n/a | n/a | -US$42m |
| Mar 31 2019 | n/a | n/a | -US$69m |
| Dec 31 2018 | US$843k | US$650k | -US$76m |
| Sep 30 2018 | n/a | n/a | -US$34m |
| Jun 30 2018 | n/a | n/a | -US$15m |
| Mar 31 2018 | n/a | n/a | US$25m |
| Dec 31 2017 | US$3m | US$600k | US$61m |
Compensation vs Market: Grant's total compensation ($USD3.21M) is below average for companies of similar size in the US market ($USD5.72M).
Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.
CEO
Grant Sims (67 yo)
17.8yrs
Tenure
US$3,205,199
Compensation
Dr. Grant E. Sims has been the Chief Executive Officer of Genesis Energy LLC, the General Partner of Genesis Energy, L.P. since August 2006. Dr. Sims serves as the Chief Executive Officer of Genesis Marin...
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of Genesis Energy LLC | 17.8yrs | US$3.21m | 2.46% $ 35.6m | |
| President & Chief Commercial Officer - Genesis Energy LLC | 1.1yrs | US$1.12m | 0.018% $ 254.4k | |
| Chief Financial Officer & Chief Legal Officer of Genesis Energy LLC | 12.8yrs | US$1.18m | 0.045% $ 650.6k | |
| Chief Administrative Officer of Genesis Energy LLC | 1.1yrs | US$972.15k | 0.68% $ 9.8m | |
| Executive VP of Genesis Energy LLC & President of Genesis Alkali | no data | US$2.25m | 0.11% $ 1.5m | |
| Senior Vice President of Operations & Engineering - Genesis Energy LLC | no data | US$885.06k | 0.014% $ 204.3k | |
| Senior VP & Chief Accounting Officer of Genesis Energy LLC | 1.1yrs | no data | 0.0017% $ 24.2k | |
| Vice President of Business Development & Investor Relations - Genesis Energy LLC | 5.2yrs | no data | no data | |
| Vice President of Human Resources of Genesis Energy LLC | 1.3yrs | no data | no data | |
| Senior Vice President of Offshore - Genesis Energy LLC | 1.1yrs | no data | 0.0029% $ 41.4k |
1.2yrs
Average Tenure
59yo
Average Age
Experienced Management: GEL's management team is not considered experienced ( 1.2 years average tenure), which suggests a new team.
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of Genesis Energy LLC | 17.8yrs | US$3.21m | 2.46% $ 35.6m | |
| Independent Director of Genesis Energy LLC | 10.8yrs | US$271.44k | 0.012% $ 177.5k | |
| Lead Independent Director of Genesis Energy LLC | 14.2yrs | US$282.61k | 0.12% $ 1.8m | |
| Independent Director of Genesis Energy LLC | 14.2yrs | US$282.61k | 0.24% $ 3.4m | |
| Director of Genesis Energy LLC | 16.8yrs | US$255.78k | 3.05% $ 44.2m | |
| Director of Genesis Energy LLC | 16.8yrs | US$255.78k | 4.43% $ 64.2m | |
| Independent Director of Genesis Energy LLC | 10.8yrs | US$271.44k | 0.027% $ 388.8k |
14.2yrs
Average Tenure
71yo
Average Age
Experienced Board: GEL's board of directors are seasoned and experienced ( 14.2 years average tenure).