Genesis Energy (NYSE:GEL) Posts Earnings Results

Genesis Energy (NYSE:GEL - Get Free Report) announced its quarterly earnings results on Thursday. The pipeline company reported ($0.06) earnings per share for the quarter, missing analysts' consensus estimates of $0.16 by ($0.22), Briefing.com reports. Genesis Energy had a negative net margin of 27.01% and a negative return on equity of 10.04%. During the same quarter last year, the firm earned ($4.06) EPS. The firm's revenue for the quarter was up 12.1% compared to the same quarter last year.

Here are the key takeaways from Genesis Energy's conference call:

• Company expects 2026 Adjusted EBITDA at or near the midpoint of its February guidance (≈+15%–20% vs. normalized 2025 baseline of ~$500–510M), despite a slight first-quarter shortfall.
• Near-term volumes from the Shenandoah FPU were revised lower, reducing expected 2026 segment margin by roughly $12M–$15M versus the company’s original guidance.
• Management highlights an improved long-term outlook at Shenandoah—operator analysis indicates larger oil‑in‑place and a strong aquifer supporting higher recovery, plus sanctioned wells, subsea pumps and multiple future tiebacks that will flow exclusively through Genesis infrastructure with no incremental capex from the company.
• First‑quarter balance‑sheet actions (new $750M notes at 6.75%, tender/redemption, upsized revolver, $135M preferred repurchases) are expected to lower annual financing costs by ~$12M now, with potential additional run‑rate savings up to roughly $80M as remaining high‑cost securities are refinanced or redeemed.
• Marine segment saw significant dry‑docking: blue‑water availability was down ~16% in Q1 (and similarly in Q2), creating a temporary headwind to vessel days and near‑term earnings even though utilization and Jones Act fundamentals remain solid.

Genesis Energy Stock Down 0.9%

Shares of NYSE:GEL traded down $0.14 during trading on Thursday, hitting $16.28. The company's stock had a trading volume of 433,385 shares, compared to its average volume of 276,364. The business has a 50 day moving average price of $17.58 and a two-hundred day moving average price of $16.67. The company has a market capitalization of $1.99 billion, a PE ratio of -3.89 and a beta of 0.69. The company has a debt-to-equity ratio of 19.59, a quick ratio of 0.90 and a current ratio of 0.98. Genesis Energy has a fifty-two week low of $13.21 and a fifty-two week high of $18.64.

Genesis Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Thursday, April 30th will be paid a $0.18 dividend. The ex-dividend date is Thursday, April 30th. This represents a $0.72 annualized dividend and a dividend yield of 4.4%. Genesis Energy's payout ratio is -17.18%.

Hedge Funds Weigh In On Genesis Energy

Institutional investors have recently modified their holdings of the business. Stifel Financial Corp grew its stake in shares of Genesis Energy by 17.1% in the fourth quarter. Stifel Financial Corp now owns 79,207 shares of the pipeline company's stock worth $1,236,000 after acquiring an additional 11,568 shares in the last quarter. Cohen & Steers Inc. acquired a new position in shares of Genesis Energy in the fourth quarter worth $1,218,000. Raymond James Financial Inc. grew its stake in shares of Genesis Energy by 24.9% in the third quarter. Raymond James Financial Inc. now owns 71,156 shares of the pipeline company's stock worth $1,189,000 after acquiring an additional 14,193 shares in the last quarter. Corient Private Wealth LLC acquired a new position in shares of Genesis Energy in the fourth quarter worth $858,000. Finally, Hilltop Holdings Inc. grew its stake in shares of Genesis Energy by 53.9% in the third quarter. Hilltop Holdings Inc. now owns 47,850 shares of the pipeline company's stock worth $800,000 after acquiring an additional 16,750 shares in the last quarter. Institutional investors and hedge funds own 66.82% of the company's stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings cut shares of Genesis Energy from a "hold (c)" rating to a "hold (c-)" rating in a research report on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $19.50.

Genesis Energy Company Profile

Genesis Energy LP NYSE: GEL is a publicly traded master limited partnership headquartered in Houston, Texas, that owns and operates a diversified portfolio of energy infrastructure assets in the United States. The company's primary focus is on the transportation, storage and delivery of refined petroleum products, serving major domestic markets across the Gulf Coast, Atlantic Seaboard and inland waterway systems.

Genesis Energy's operations are organized into several key business segments.

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