Company Analysis

Genesis Energy, L.P. (GEL)

NYSE: GEL · Pipe Lines (No Natural Gas) · Houston, TX · filing with the SEC since 1996
Grade3.1
◀ Past 1.4● Present 4.2▶ Future 3.3
1 est.

The grade of Genesis Energy, L.P.

Nine metrics read from its own filings, by tense
Headline grade
3.1/10
◀ Past1.430% of the headline
● Present4.240% of the headline
▶ Future3.330% of the headline

All three tenses have at least two readings, so the archetype blend applies as printed.

Of the nine metrics, 8 read as filed from the record and 1 is an SI estimate, each with its reasoning, its confidence and what would change it on its card.

◀ Past

What did they actually do?

1.4/1030% of the headline grade · 3 of 3 filed

Surviving crises

as filed
0.8/10

Has it survived what it has been through?

2 warning events since 2017; the latest 2023-06-08.

weight 33% of this tense · 8th percentile among 6 sector filers · read for itself

From the record

Genesis Energy, L.P.'s filings since 2017 show 2 warning events: an auditor change (8-K item 4.01, 2 times, the latest 2023-06-08) (its current reports).

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Track record

as filed
0.8/10

What has it actually done, year after year?

-2.7% a year over 9 filed years; profitable in 4 of 9.

weight 45% of this tense · 8th percentile among 6 sector filers · read for its customers

From the record

Genesis Energy, L.P.'s 9 filed years say what it did: revenue went from $2.0 billion in fiscal 2017 to $1.6 billion in fiscal 2025, down 2.7% a year; it rose in 3 of 8 years; the deepest fall was 44% from fiscal 2018 to fiscal 2025; net income was positive in 4 of 9 of those years (its annual reports).

What it rests on

  • revenue growth over the filed span-2.7%bottom 8% of its family
  • the share of years revenue rosebottom 8% of its family
  • the share of filed years with a profitbottom 8% of its family
  • the deepest fall from a revenue peak44.0%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Shareholder treatment

as filed
3.5/10

How has it treated the people who own it?

Share count steady. 0% of cash flow returned. Insiders: 0 sales, 1 purchases.

weight 22% of this tense · 35th percentile among 4 sector filers · read for its shareholders

From the record

Over the 3 fiscal years to 2025-12-31, Genesis Energy, L.P.'s diluted share count held steady, and dividends and buybacks returned about 0% of its operating cash flow over 3 years (its filed statements). Its officers and directors filed 0 sales and 1 purchase of their own stock on the open market in the year to 2026-10-13, buying about $202 thousand (their Form 4 filings).

What it rests on

  • the share count over the yearstop 37% of its family
  • cash returned against operating cash flowbottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

● Present

What are they doing right now?

4.2/1040% of the headline grade · 2 of 3 filed, 1 estimated

Financial health

SI estimate
5.0/10

Is it financially healthy right now?

SI estimate 5.0/10, confidence 15 of 100 (universe median).

weight 33% of this tense · 50th percentile among 5056 sector filers · read for itself

SI estimate Inferred, not read as filed

Why it is an estimate
No balance sheet on file, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 5056 companies with one.
What the record cannot read
No balance sheet on file.
How it was reasoned
universe median, 5056 readings behind it.
Confidence
15 of 100
What would change it
Its next annual report on file with the inputs replaces this estimate with the filed reading.

From the record

SI estimate, not a filed reading: Genesis Energy, L.P.'s financial health is put at 5.0 of 10 with a confidence of 15 of 100, because no balance sheet on file, and its family carries too few readings to lean on, so the desk assumes the typical reading over all 5056 companies with one. Its next annual report on file with the inputs replaces this estimate with the filed reading.

Industry position

as filed
1.6/10

How strong is its position in its industry?

bottom 16% of 6 in its family; net margin -27%.

weight 45% of this tense · 16th percentile among 6 sector filers · read for its customers

From the record

Genesis Energy, L.P.'s standing among 6 graded names in its industry family: revenue of $1.6 billion in fiscal 2025 ranks in the bottom 30% by size; a net margin of -27% ranks in the bottom 8%; revenue growth of -16.4% a year over the last 3 filed years ranks in the bottom 8% (its annual reports).

What it rests on

  • revenue against the family$1.63Bbottom 30% of its family
  • net margin-27.0%bottom 8% of its family
  • three-year revenue growth-16.4%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Leadership

as filed
8.5/10

What are the people in charge doing?

top 15% of 4 in its family for leadership; chief executive since 2006.

weight 22% of this tense · 85th percentile among 4 sector filers · read for its shareholders

From the record

Genesis Energy, L.P.'s leadership, from its insiders' filings and its current reports: the chief executive on the record is Sims, Grant E (Chief Executive Officer, as filed), filing under that title since 2006-08-10, 20.3 years (top 17% of its family); the 14 officers and directors filing in the last fifteen months have been on the record a median of 12.5 years (top 17%); 3 officer or director changes were reported on Form 8-K since 2023-11-13, against the 14 people in charge now (top 12%; fewer changes for each person reads higher) (the Form 4 record, its Form 8-K reports). Years count from a person's first filing in the SEC's data sets, which begin in 2006, so each is a floor.

What it rests on

  • officer and director changes on Form 8-K, against the people in charge3 in three years among 14 peopletop 12% of its family
  • the median years the people in charge have filed12.5 yearstop 17% of its family
  • the chief executive's years on the record20.3 yearstop 17% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

▶ Future

What are they set up to do next?

3.3/1030% of the headline grade · 3 of 3 filed

Room to expand

as filed
3.3/10

How much room does it have to grow?

bottom 33% of 6 in its family for room to expand.

weight 22% of this tense · 33rd percentile among 6 sector filers · read for itself

From the record

Genesis Energy, L.P.'s room to grow, from the newest filed statements (fiscal 2025): cash of $6 million against debt of $3.0 billion leaves -62.6% of its assets as net cash, bottom 25% of its family; cash from operations less capital spending is 4% of revenue (bottom 42%) (its annual report).

What it rests on

  • cash less debt against assets-62.6%bottom 25% of its family
  • cash from operations less capital spending against revenue4.0%bottom 42% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Growth drivers

as filed
3.1/10

What could actually drive growth from here?

bottom 31% of 6 in its family for growth drivers.

weight 45% of this tense · 31st percentile among 6 sector filers · read for its customers

From the record

Genesis Energy, L.P.'s growth drivers, from the filed years to fiscal 2025: revenue grew -16.4% a year over the last three filed years against -2.7% over all 9, slowing (bottom 42% of its family); the newest year grew -1.8% (bottom 42%); capital spending grew -23.9% a year (bottom 8%) (its annual reports). Genesis Energy, L.P. reported 3 lines of business in fiscal 2025: Onshore Transportation and Services at $779 million (48%), Offshore Pipeline Transportation at $532 million (33%), Marine Transportation at $319 million (20%); 1 of 3 grew against the year before (its annual report).

What it rests on

  • three-year growth against the whole span-13.7 points a yearbottom 42% of its family
  • the newest year's revenue growth-1.8%bottom 42% of its family
  • three-year growth of capital spending-23.9%bottom 8% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

Expectations vs reality

as filed
3.7/10

Did its newest year beat what its own record pointed to?

bottom 37% of 5 in its family for expectations against reality.

weight 33% of this tense · 37th percentile among 5 sector filers · read for its shareholders

From the record

Genesis Energy, L.P.'s newest year against its own record: revenue of $1.6 billion in fiscal 2025 came in 27.2% above the $1.3 billion its prior three years' pace pointed to (top 10% of its family); net income of $440 million against a prior three-year average of $43 million (bottom 10%); a net margin of -27% against 1.9% before (bottom 10%) (its annual reports).

What it rests on

  • revenue against the prior three years' pace27.2%top 10% of its family
  • net income against the prior three years' averagefive times below its prior average or morebottom 10% of its family
  • net margin against its prior average-28.9 pointsbottom 10% of its family

A production reading, recomputed from the filings on every data build, read from EDGAR Nov 13, 2026.

The grade is the company against its own industry, from its filings. It is not a view on the share price. How the grade is made

SI Assistanton GEL · research, not advice