NYSE:GEL

Stock Analysis Report

Executive Summary

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry.

Snowflake


Similar Companies

Share Price & News

How has Genesis Energy's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

-3.0%

GEL

1.7%

US Oil and Gas

1.3%

US Market


1 Year Return

-12.2%

GEL

-21.8%

US Oil and Gas

5.9%

US Market

Return vs Industry: GEL exceeded the US Oil and Gas industry which returned -21.8% over the past year.

Return vs Market: GEL underperformed the US Market which returned 5.9% over the past year.


Shareholder returns

GELIndustryMarket
7 Day-3.0%1.7%1.3%
30 Day-4.3%-4.0%-1.9%
90 Day-6.3%-8.2%-1.8%
1 Year-3.1%-12.2%-19.0%-21.8%8.3%5.9%
3 Year-23.0%-41.4%-6.0%-14.4%45.6%36.2%
5 Year-34.7%-56.4%-22.5%-33.2%66.1%47.9%

Price Volatility Vs. Market

How volatile is Genesis Energy's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Genesis Energy undervalued compared to its fair value and its price relative to the market?

29.4%

Undervalued compared to fair value


Share Price vs. Fair Value

Undervalued: GEL ($21.36) is trading below our estimate of fair value ($30.24)

Significantly Undervalued: GEL is trading below fair value, but not by a significant amount.


Price To Earnings Ratio

PE vs Industry: GEL is unprofitable, so we can't compare its PE Ratio to the Oil and Gas industry average.

PE vs Market: GEL is unprofitable, so we can't compare its PE Ratio to the US market.


Price to Earnings Growth Ratio

Low PEG Ratio: Insufficient data to calculate GEL's PEG Ratio to determine if it is good value.


Price to Book Ratio

PB vs Industry: GEL is overvalued based on its PB Ratio (1.7x) compared to the US Oil and Gas industry average (0.9x).

Future Growth

How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 5 analysts?

74.0%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: GEL is forecast to remain unprofitable over the next 3 years.

Earnings vs Market: GEL is forecast to remain unprofitable over the next 3 years.

High Growth Earnings: GEL is forecast to remain unprofitable over the next 3 years.

Revenue vs Market: GEL's revenue (4.7% per year) is forecast to grow slower than the US market (7.3% per year).

High Growth Revenue: GEL's revenue (4.7% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

High Future ROE: GEL's Return on Equity is forecast to be low in 3 years time (13.3%).

Past Performance

How has Genesis Energy performed over the past 5 years?

-38.9%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: GEL is unprofitable, and losses have increased over the past 5 years at a rate of -38.9% per year.

Accelerating Growth: Unable to compare GEL's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: GEL is unprofitable, making it difficult to compare its past year earnings growth to the Oil and Gas industry (22.6%).


Return on Equity

High ROE: GEL has a negative Return on Equity (1.12%), as it is currently unprofitable.


Return on Assets

ROA vs Industry: GEL is currently unprofitable, so its Return on Assets is negative.


Return on Capital Employed

ROCE Improving: GEL is currently unprofitable, so its Return on Capital Employed is negative.

Financial Health

How is Genesis Energy's financial position?


Financial Position Analysis

Short Term Liabilities: GEL's short term assets ($436.4M) exceeds its short term liabilities ($353.0M)

Long Term Liabilities: GEL's short term assets (436.4M) do not cover its long term liabilities (3.8B)


Debt to Equity History and Analysis

Debt Level: GEL's debt to equity ratio (142.6%) is considered high

Reducing Debt: GEL's debt to equity ratio has reduced from 146.1% to 142.6% over the past 5 years.

Debt Coverage: GEL's debt is not well covered by operating cash flow (12.7%).

Interest Coverage: GEL is unprofitable, therefore interest payments are not well covered by earnings.


Balance Sheet

Inventory Level: GEL has a high level of physical assets or inventory.

Debt Coverage by Assets: GEL's debt is not covered by short term assets (assets are 0.1x debt).

Dividend

What is Genesis Energy's current dividend yield, its reliability and sustainability?

10.30%

Current Dividend Yield


Upcoming Dividend Payment

Purchase Genesis Energy before the 'Buy Limit' to receive their next dividend payment.


Dividend Yield vs Market

company10.3%marketbottom25%1.5%markettop25%3.8%industryaverage4.1%forecastin3Years10.5%

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: GEL's dividend (10.3%) is higher than the bottom 25% of dividend payers in the US market (1.47%).

High Dividend: GEL's dividend (10.3%) is in the top 25% of dividend payers in the US market (3.77%)

Stable Dividend: GEL's dividend payments have been volatile in the past 10 years.

Growing Dividend: GEL's dividend payments have increased over the past 10 years.


Current Payout to Shareholders

Dividend Coverage: GEL is paying a dividend but the company is unprofitable.


Future Payout to Shareholders

Future Dividend Coverage: GEL's dividends in 3 years are not forecast to be well covered by earnings (124.9% payout ratio).

Management

What is the CEO of Genesis Energy's salary, the management and board of directors tenure and is there insider trading?

6.0yrs

Average management tenure


CEO

Grant Sims (63yo)

13.2yrs

Tenure

US$843,201

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 ...


CEO Compensation Analysis

Compensation vs. Market: Grant's total compensation ($USD843.20K) is about average for companies of similar size in the US market ($USD5.10M).

Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.


Management Age and Tenure

6.0yrs

Average Tenure

58yo

Average Age

Experienced Management: GEL's management team is seasoned and experienced (6 years average tenure).


Board Age and Tenure

7.0yrs

Average Tenure

67yo

Average Age

Experienced Board: GEL's board of directors are considered experienced (7 years average tenure).


Insider Trading

Insider Buying: GEL insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$100,60027 Aug 19
Edward Flynn
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Genesis Energy LLC
Shares5,000
Max PriceUS$20.12
BuyUS$99,85013 Aug 19
Kristen Jesulaitis
EntityIndividual
Role
Chief Legal Officer
Executive Officer & General Counsel of Genesis Energy LLC
Shares5,000
Max PriceUS$19.97
BuyUS$59,82012 Aug 19
Ryan Sims
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Finance & Corporate Development - Genesis Energy LLC
Shares3,000
Max PriceUS$19.94
BuyUS$1,077,03913 May 19
Kenneth Jastrow
EntityIndividual
Role
Lead Director
Lead Independent Director of Genesis Energy LLC
Shares50,000
Max PriceUS$21.73
BuyUS$84,00009 May 19
Ryan Sims
EntityIndividual
Role
Head of Corporate Development
Senior Vice President of Finance & Corporate Development - Genesis Energy LLC
Shares4,000
Max PriceUS$21.00
BuyUS$341,16107 May 19
Edward Flynn
EntityIndividual
Role
Senior Key Executive
Executive Vice President of Genesis Energy LLC
Shares15,700
Max PriceUS$21.73
BuyUS$197,50019 Dec 18
Chad Landry
EntityIndividual
Role
Other Key Executive
Vice President of Genesis Energy LLC
Shares10,000
Max PriceUS$19.75

Ownership Breakdown


Management Team

  • Ed Flynn (61yo)

    Executive Vice President of Genesis Energy LLC

    • Tenure: 0yrs
    • Compensation: US$1.45m
  • Karen Pape (61yo)

    Senior VP & Controller of Genesis Energy LLC

    • Tenure: 22.8yrs
    • Compensation: US$578.92k
  • Kristen Jesulaitis (49yo)

    Executive Officer & General Counsel of Genesis Energy LLC

    • Tenure: 8.3yrs
  • Grant Sims (63yo)

    Chairman & CEO of Genesis Energy LLC

    • Tenure: 13.2yrs
    • Compensation: US$843.20k
  • Bob Deere (64yo)

    Chief Financial Officer of Genesis Energy LLC

    • Tenure: 11yrs
    • Compensation: US$587.86k
  • Rick Alexander (43yo)

    Vice President of Genesis Energy LLC

    • Tenure: 4.9yrs
    • Compensation: US$721.31k
  • Garland Gaspard (64yo)

    Senior Vice President of Genesis Energy LLC

    • Tenure: 2.8yrs
  • Chad Landry (55yo)

    Vice President of Genesis Energy LLC

    • Tenure: 6yrs
    • Compensation: US$549.86k
  • Ryan Sims (35yo)

    Senior Vice President of Finance & Corporate Development - Genesis Energy LLC

    • Tenure: 2.8yrs
  • Dwayne Morley (37yo)

    Vice President of Business Development & Investor Relations - Genesis Energy LLC

    • Tenure: 0.6yrs

Board Members

  • Conrad Albert (73yo)

    Director of Genesis Energy LLC

    • Tenure: 6.3yrs
    • Compensation: US$215.99k
  • Kenny Jastrow (71yo)

    Lead Independent Director of Genesis Energy LLC

    • Tenure: 7yrs
    • Compensation: US$228.03k
  • Sharilyn Gasaway (50yo)

    Director of Genesis Energy LLC

    • Tenure: 9.6yrs
    • Compensation: US$238.03k
  • Grant Sims (63yo)

    Chairman & CEO of Genesis Energy LLC

    • Tenure: 13.2yrs
    • Compensation: US$843.20k
  • James Davison (81yo)

    Director of Genesis Energy LLC

    • Tenure: 12.3yrs
    • Compensation: US$200.47k
  • James Davison (52yo)

    Director of Genesis Energy LLC

    • Tenure: 12.3yrs
    • Compensation: US$200.47k
  • Jack Taylor (67yo)

    Director of Genesis Energy LLC

    • Tenure: 6.3yrs
    • Compensation: US$215.99k

Company Information

Genesis Energy, L.P.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: Genesis Energy, L.P.
  • Ticker: GEL
  • Exchange: NYSE
  • Founded: 1996
  • Industry: Oil and Gas Storage and Transportation
  • Sector: Energy
  • Market Cap: US$2.618b
  • Shares outstanding: 122.58m
  • Website: https://www.genesisenergy.com

Number of Employees


Location

  • Genesis Energy, L.P.
  • 919 Milam
  • Suite 2100
  • Houston
  • Texas
  • 77002
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
GELNYSE (New York Stock Exchange)YesClass A Common UnitsUSUSDNov 1996
GE3DB (Deutsche Boerse AG)YesClass A Common UnitsDEEURNov 1996

Biography

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company’s Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeli ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/10/14 23:35
End of Day Share Price2019/10/14 00:00
Earnings2019/06/30
Annual Earnings2018/12/31


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.