Genesis Energy
Market Cap
US$1.3b
Last Updated
2020/02/27 00:54 UTC
Data Sources
Company Financials +
Executive Summary
Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry.
Rewards
Snowflake Analysis
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
Stable Share Price: GEL's share price has been volatile over the past 3 months.
Market Performance
7 Day Return
-29.3%
GEL
-12.7%
US Oil and Gas
-7.6%
US Market
1 Year Return
-49.9%
GEL
-27.5%
US Oil and Gas
10.2%
US Market
Return vs Industry: GEL underperformed the US Oil and Gas industry which returned -25.7% over the past year.
Return vs Market: GEL underperformed the US Market which returned 10.5% over the past year.
Shareholder returns
| GEL | Industry | Market | |
|---|---|---|---|
| 7 Day | -29.3% | -12.7% | -7.6% |
| 30 Day | -44.1% | -14.6% | -4.5% |
| 90 Day | -43.2% | -16.7% | -0.6% |
| 1 Year | -44.4%-49.9% | -24.7%-27.5% | 12.5%10.2% |
| 3 Year | -57.4%-68.2% | -23.7%-30.9% | 37.1%28.3% |
| 5 Year | -63.7%-76.5% | -27.1%-38.2% | 60.8%43.2% |
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
1 year ago | Simply Wall St
Is Genesis Energy LP's (NYSE:GEL) Balance Sheet A Threat To Its Future?1 year ago | Simply Wall St
Is Genesis Energy LP (NYSE:GEL) A Great Dividend Stock?1 year ago | Simply Wall St
Want To Invest In Genesis Energy LP (NYSE:GEL)? Here's How It Performed LatelyValuation
Is Genesis Energy undervalued compared to its fair value and its price relative to the market?
>50%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: GEL ($11.98) is trading below our estimate of fair value ($26.54)
Significantly Below Fair Value: GEL is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: GEL is poor value based on its PE Ratio (68.2x) compared to the Oil and Gas industry average (8.9x).
PE vs Market: GEL is poor value based on its PE Ratio (68.2x) compared to the US market (17.2x).
Price to Earnings Growth Ratio
PEG Ratio: GEL is poor value based on its PEG Ratio (1.2x)
Price to Book Ratio
PB vs Industry: GEL is overvalued based on its PB Ratio (1x) compared to the US Oil and Gas industry average (0.8x).
Future Growth
How is Genesis Energy forecast to perform in the next 1 to 3 years based on estimates from 4 analysts?
57.9%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: GEL's forecast earnings growth (57.9% per year) is above the savings rate (1.7%).
Earnings vs Market: GEL's earnings (57.9% per year) are forecast to grow faster than the US market (13.2% per year).
High Growth Earnings: earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: GEL's revenue (7.3% per year) is forecast to grow slower than the US market (7.6% per year).
High Growth Revenue: GEL's revenue (7.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: GEL's Return on Equity is forecast to be low in 3 years time (7.8%).
Past Performance
How has Genesis Energy performed over the past 5 years?
-52.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: GEL has high quality earnings.
Growing Profit Margin: GEL became profitable in the past.
Past Earnings Growth Analysis
Earnings Trend: GEL's earnings have declined by -52.3% per year over the past 5 years.
Accelerating Growth: GEL has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.
Earnings vs Industry: GEL has become profitable in the last year, making it difficult to compare its past year earnings growth to the Oil and Gas industry (-13.3%).
Return on Equity
High ROE: GEL's Return on Equity (4%) is considered low.
Return on Assets
Return on Capital Employed
Financial Health
How is Genesis Energy's financial position?
Financial Position Analysis
Short Term Liabilities: GEL's short term assets ($593.1M) exceed its short term liabilities ($415.5M).
Long Term Liabilities: GEL's short term assets ($593.1M) do not cover its long term liabilities ($3.8B).
Debt to Equity History and Analysis
Debt Level: GEL's debt to equity ratio (138.4%) is considered high.
Reducing Debt: GEL's debt to equity ratio has increased from 128.8% to 138.4% over the past 5 years.
Debt Coverage: GEL's debt is not well covered by operating cash flow (12.8%).
Interest Coverage: GEL's interest payments on its debt are not well covered by EBIT (1.2x coverage).
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 0.2x debt).
Dividend
What is Genesis Energy's current dividend yield, its reliability and sustainability?
20.37%
Current Dividend Yield
Dividend Yield vs Market
Current dividend yield vs market & industry
Notable Dividend: GEL's dividend (18.36%) is higher than the bottom 25% of dividend payers in the US market (1.52%).
High Dividend: GEL's dividend (18.36%) is in the top 25% of dividend payers in the US market (3.9%)
Stability and Growth of Payments
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: With its high payout ratio (1252.4%), GEL's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: GEL's dividends in 3 years are not forecast to be well covered by earnings (151.4% payout ratio).
Management
How experienced are the management team and are they aligned to shareholders interests?
6.3yrs
Average management tenure
CEO
Grant Sims (63yo)
13.5yrs
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 below average for companies of similar size in the US market ($USD3.92M).
Compensation vs Earnings: Grant's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of Genesis Energy LLC | 13.5yrs | US$843.20k | 2.45% $32.4m | |
| Chief Financial Officer of Genesis Energy LLC | 11.3yrs | US$587.86k | 0.68% $9.0m | |
| Executive Vice President of Genesis Energy LLC | 0yrs | US$1.45m | 0.049% $642.6k | |
| Vice President of Genesis Energy LLC | 5.3yrs | US$721.31k | 0.013% $167.3k | |
| Vice President of Genesis Energy LLC | 6.3yrs | US$549.86k | 0.016% $216.1k | |
| Vice President of Business Development & Investor Relations - Genesis Energy LLC | 0.9yrs | no data | no data | |
| Executive Officer & General Counsel of Genesis Energy LLC | 8.6yrs | no data | 0.0041% $54.0k | |
| Senior Vice President of Finance & Corporate Development - Genesis Energy LLC | 3.1yrs | no data | 0.012% $154.5k | |
| Senior Vice President of Genesis Energy LLC | 3.1yrs | no data | 0.0010% $13.5k | |
| Senior VP & Controller of Genesis Energy LLC | 23.2yrs | US$578.92k | 0.12% $1.6m |
6.3yrs
Average Tenure
58yo
Average Age
Experienced Management: GEL's management team is seasoned and experienced (6.3 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Chairman & CEO of Genesis Energy LLC | 13.5yrs | US$843.20k | 2.45% $32.4m | |
| Director of Genesis Energy LLC | 6.6yrs | US$215.99k | 0.0041% $54.0k | |
| Lead Independent Director of Genesis Energy LLC | 7.3yrs | US$228.03k | 0.12% $1.6m | |
| Director of Genesis Energy LLC | 9.9yrs | US$238.03k | 0.23% $3.0m | |
| Director of Genesis Energy LLC | 12.6yrs | US$200.47k | 2.01% $26.6m | |
| Director of Genesis Energy LLC | 12.6yrs | US$200.47k | 4.34% $57.5m | |
| Director of Genesis Energy LLC | 6.6yrs | US$215.99k | 0.011% $139.0k |
7.3yrs
Average Tenure
67yo
Average Age
Experienced Board: GEL's board of directors are considered experienced (7.3 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: GEL insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
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$1.324b
- 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
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| GEL | NYSE (New York Stock Exchange) | Yes | Class A Common Units | US | USD | Nov 1996 |
| GE3 | DB (Deutsche Boerse AG) | Yes | Class A Common Units | DE | EUR | Nov 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 pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment provides sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to 10 refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies engages in the mining of base metals. The company’s Onshore Facilities and Transportation segment provides onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates a suite of approximately 200 trucks, 300 trailers, 404 railcars, and terminals and tankage with 4.6 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil and carbon dioxide (CO2). It owns 5 onshore crude oil pipeline systems with approximately 450 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, and Texas; and 2 CO2 pipelines with approximately 270 miles of pipe. Its Marine Transportation segment offers waterborne transportation of petroleum products and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. Genesis Energy, L.P. was founded in 1996 and is headquartered in Houston, Texas.
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/02/27 00:54 |
| End of Day Share Price | 2020/02/26 00:00 |
| Earnings | 2019/12/31 |
| Annual Earnings | 2019/12/31 |
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.