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Financials · GEL

Genesis Energy, L.P. (GEL) financials

For the twelve months ended Sep 30, 2026, Genesis Energy, L.P. reported $1.87B of revenue and $71.94M of net income.

Revenue, TTM
$1.87B
Revenue growth, YoY
+17.6%
Net income, TTM
$71.94M
Net margin
3.9%
Free cash flow, TTM
$342.90M
EPS, diluted, TTM
$0.19
Cash
$41.48M
Total debt
$3.11B
P/E
21.84
P/S
0.84
Market cap
$1.57B
Annual revenue$1.63B
FY2016FY2025
Annual net income-$440.40M
FY2016FY2025
Annual free cash flow$65.94M
FY2016FY2025

GEL revenue and earnings growth

GEL revenueQ3 2026$449.25M

Quarter YoY
+8.5%
QoQ
-15.6%
FY YoY
-1.8%
5Y CAGR
-2.2%
10Y CAGR
-3.2%

GEL revenue was $449.25M in fiscal Q3 2026 (ended Sep 30, 2026), up 8.5% from a year earlier and down 15.6% from the prior quarter. For the full fiscal 2025 it was $1.63B, down 1.8% from fiscal 2024. Compound annual growth was -2.2% over 5 years and -3.2% over 10 years. It rose in 4 of the last 10 fiscal years.

GEL net incomeQ3 2026$2.42M

Quarter YoY
-73.8%
QoQ
-94.4%

GEL net income was $2.42M in fiscal Q3 2026 (ended Sep 30, 2026), down 73.8% from a year earlier and down 94.4% from the prior quarter. For the full fiscal 2025 it was -$440.40M, compared with -$63.95M in fiscal 2024.

GEL EPSQ3 2026-$0.05

GEL diluted EPS was -$0.05 in fiscal Q3 2026 (ended Sep 30, 2026), compared with -$0.05 a year earlier. For the full fiscal 2025 it was -$4.19, compared with -$1.24 in fiscal 2024.

GEL free cash flowQ3 2026$46.55M

Quarter YoY
+7.5%
QoQ
-69.7%
5Y CAGR
-15.5%

GEL free cash flow was $46.55M in fiscal Q3 2026 (ended Sep 30, 2026), up 7.5% from a year earlier and down 69.7% from the prior quarter. For the full fiscal 2025 it was $65.94M, compared with -$195.21M in fiscal 2024. Compound annual growth was -15.5% over 5 years.

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Income statement

Income statement
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue$1.63B$1.66B$1.72B$2.79B$2.13B$1.82B$2.48B$2.91B$2.03B$1.71B
Selling, general and admin$86.34M$58.33M$64.55M$66.60M$61.19M$56.92M$52.69M$66.90M$66.42M$45.63M
Operating income$258.19M$169.96M$205.13M$315.01M$75.70M-$245.96M$272.70M$170.25M$220.55M$206.43M
Interest expense--$287.24M-$244.66M-$226.16M------
Pre-tax income$31.31M-$48.99M$47.63M---$398.99M$100.72M-$10.29M$78.12M$114.42M
Income tax$806.0K$1.77M$456.0K$3.17M$1.67M$1.33M$655.0K$1.50M-$3.96M$3.34M
Net income-$440.40M-$63.95M$117.72M$75.46M-$165.07M-$416.68M$96.00M-$6.08M$82.65M$113.25M
EPS, basic-$4.19-$1.24$0.22-$0.04-$1.96-$4.01$0.18---
EPS, diluted-$4.19-$1.24$0.22-$0.04-$1.96-$4.01$0.18---
Diluted shares122.5M122.5M122.5M122.6M122.6M122.6M122.6M---

Balance sheet

Balance sheet
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Cash and equivalents$6.44M$7.35M$6.23M$2.14M$24.99M$27.02M$56.41M$10.30M$9.04M$7.03M
Receivables$608.22M$479.50M$759.55M$721.57M$400.33M$392.46M$417.00M$323.46M$495.45M$224.68M
Inventory$55.37M$37.78M$135.23M$78.14M$77.96M$99.88M$65.14M$73.53M$88.65M$98.59M
Current assets$687.47M$911.73M$964.05M$853.05M$542.48M$580.17M$593.07M$443.28M$636.03M$359.57M
Goodwill$301.96M$301.96M$301.96M$301.96M$301.96M$301.96M$301.96M$301.96M$325.05M$325.05M
Total assets$4.86B$7.04B$7.02B$6.37B$5.91B$5.93B$6.60B$6.48B$7.14B$5.70B
Current liabilities$699.69M$858.75M$967.45M$709.11M$496.94M$383.41M$415.50M$332.83M$456.26M$260.80M
Short-term debt$0---------
Long-term debt------$3.43B$3.43B$3.70B$3.09B
Total debt$3.05B$3.73B$3.76B$3.46B$2.98B$3.39B$3.43B$3.43B$3.70B$3.09B
Total liabilities$4.15B$5.52B$5.31B$4.59B$3.93B$4.18B$4.25B$4.04B$4.42B$3.58B

Cash flow

Cash flow
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Operating cash flow$252.83M$391.93M$521.13M$334.39M$337.95M$296.75M$382.29M$390.04M$323.56M$282.75M
Capital expenditures$186.89M$587.14M$620.02M$424.19M$301.39M$144.13M$163.25M$195.37M$250.59M$463.10M
Free cash flow$65.94M-$195.21M-$98.89M-$89.80M$36.56M$152.61M$219.04M$194.67M$72.96M-$180.35M
Investing cash flow$832.29M-$552.16M-$593.65M-$374.52M-$274.12M-$103.76M-$140.81M$140.69M-$1.46B-$434.72M
Financing cash flow-$1.11B$161.74M$73.99M$41.70M-$65.86M-$222.38M-$195.37M-$529.47M$1.14B$148.10M
Share repurchases$0$0$1.04M$0$0-----
Stock-based compensation$15.25M$5.23M$25.38M$17.81M$8.78M-$3.69M$8.50M$3.94M-$5.78M$6.56M
Depreciation and amortization$250.93M$313.16M$280.19M$296.20M$309.75M$295.32M$319.81M$313.19M$252.48M$222.20M

Key ratios

Key ratios
Line item
FY2025
Dec 31, 2025
FY2024
Dec 31, 2024
FY2023
Dec 31, 2023
FY2022
Dec 31, 2022
FY2021
Dec 31, 2021
FY2020
Dec 31, 2020
FY2019
Dec 31, 2019
FY2018
Dec 31, 2018
FY2017
Dec 31, 2017
FY2016
Dec 31, 2016
Revenue growth, YoY-1.8%-3.5%-38.3%31.2%16.5%-26.4%-14.8%43.6%18.4%-23.8%
Net income growth, YoY--56.0%------27.0%-73.2%
Operating margin15.8%10.2%11.9%11.3%3.6%-13.5%11.0%5.8%10.9%12.1%
Net margin-27.0%-3.9%6.8%2.7%-7.8%-22.8%3.9%-0.2%4.1%6.6%
Free cash flow margin4.0%-11.8%-5.7%-3.2%1.7%8.4%8.8%6.7%3.6%-10.5%
Return on assets-9.1%-0.9%1.7%1.2%-2.8%-7.0%1.5%-0.1%1.2%2.0%
Current ratio0.981.061.001.201.091.511.431.331.391.38

Source: XBRL data Genesis Energy, L.P. files with the SEC, latest filing dated Nov 5, 2026 (see filings on SEC EDGAR). Provided for information only, not investment advice. Check the filing before relying on a number.

* Worked out from the filings rather than stated in them: Q4 is the full year less the first nine months.

Per-share figures are as filed. The filings show no stock split in these periods.

EPS growth is left out where the share count moved enough to suggest a split the filings do not show. Growth rates need a positive starting figure. CAGR is compound annual growth between fiscal years. The CSV holds every period on file, in full figures, from the same SEC filings.

GEL peers

CompanyRevenueGrowthNet incomeNet marginMarket cap
GEL$1.87B+17.6%$71.94M3.9%$1.57B
WKC$45.58B+21.1%-$166.30M-0.4%$1.83B
GLP$23.45B+29.5%$218.54M0.9%$1.53B
CAPL$4.08B+9.1%$50.43M1.2%$754.7M
MMLP$807.18M+13.2%-$11.15M-1.4%$79.4M
PTLE$71.65M-27.0%-$1.18M-1.6%$57.6M
TMDE$545.04M-20.8%-$18.64M-3.4%$11.2M
UFG$263.89M+70.0%-$1.75M-0.7%$9.9M

GEL FAQ

8 questions
  • What is GEL revenue?
    Genesis Energy, L.P. (GEL) reported $1.87B of revenue for the twelve months ended Sep 30, 2026. That is up 17.6% from the year before. Revenue for fiscal 2025 was $1.63B.
  • Is GEL profitable?
    Yes. Genesis Energy, L.P. earned $71.94M in net income for the twelve months ended Sep 30, 2026, a net margin of 3.9%.
  • How much cash and debt does GEL have?
    Genesis Energy, L.P. reported $41.48M in cash and cash equivalents and $3.11B of debt on its most recent balance sheet in SEC filings.
  • How fast is GEL revenue growing?
    Genesis Energy, L.P.'s revenue changed -1.8% in fiscal 2025, to $1.63B. Its compound annual growth rate was -2.2% over 5 years and -3.2% over 10 years.
  • What is GEL free cash flow?
    Genesis Energy, L.P. generated $342.90M of free cash flow for the twelve months ended Sep 30, 2026, which is operating cash flow of $451.68M less capital expenditures.
  • What is GEL earnings per share?
    Diluted earnings per share were $0.19 for the twelve months ended Sep 30, 2026, from SEC filings, restated for any stock split those filings show.
  • When did GEL last report financial results?
    The latest statements here come from Genesis Energy, L.P.'s 10-Q filed on Nov 5, 2026, covering the period ended Sep 30, 2026.
  • Where does this GEL financial data come from?
    Quantisnow builds these statements from the structured XBRL data Genesis Energy, L.P. files with the SEC. It is provided for information only and is not investment advice.