📊 GEL Key Takeaways
Is GEL a Good Investment? Thesis Analysis
Genesis Energy LP faces severe profitability challenges with a -27.0% net margin and -$440.4M net loss despite 715.9% revenue growth, indicating poor cost control or one-time charges. While operating metrics show positive signs (15.8% operating margin, 20.2x interest coverage), the company's liquidity position is critically strained with a 0.98x current ratio and minimal cash reserves of $6.4M against substantial debt obligations.
Why Buy GEL? Key Strengths
- Strong revenue growth of 715.9% year-over-year demonstrates substantial top-line expansion
- Solid operating margin of 15.8% and operating income of $258.2M indicate core business operations are generating profits
- Healthy interest coverage ratio of 20.2x suggests adequate debt servicing capability despite high leverage
- Positive free cash flow of $65.9M provides some operational cash generation capacity
GEL Investment Risks to Consider
- Severe net loss of -$440.4M creating negative net margin of -27.0% raises concerns about operational efficiency or significant one-time charges
- Critical liquidity position with current ratio of 0.98x and only $6.4M in cash against $3.0B long-term debt and $4.2B total liabilities
- High leverage with debt representing 86% of total assets leaves minimal equity cushion and limited financial flexibility
- Negative ROA of -9.1% indicates poor asset utilization despite large asset base of $4.9B
Key Metrics to Watch
- Quarterly net income trend to determine if losses are temporary or structural
- Cash flow generation sustainability and capital expenditure requirements relative to operating cash flow
- Debt refinancing needs and covenants given high leverage and thin liquidity buffer
GEL Financial Metrics
💡 AI Analyst Insight
The relatively thin 4.0% FCF margin may limit capital allocation flexibility. The current ratio below 1.0x warrants monitoring of short-term liquidity.
GEL Profitability Ratios
GEL vs Energy Sector
How GENESIS ENERGY LP compares to Energy sector averages
Sector benchmarks are approximate industry averages. Actual sector performance may vary.
Is GEL Overvalued or Undervalued?
Based on fundamental analysis, GENESIS ENERGY LP has mixed fundamental signals relative to the Energy sector in 2026.
Note: This is a fundamental analysis based on SEC filings. For P/E ratio, price targets, and market-based valuation, consult financial data providers. This is not investment advice.
GEL Balance Sheet & Liquidity
GEL 5-Year Financial Trend & Growth Analysis
5-Year Trend Summary: GENESIS ENERGY LP's revenue has declined by 31% over the 5-year period, indicating business contraction. The most recent EPS of $0.22 reflects profitable operations.
GEL Growth Metrics (YoY)
GEL Quarterly Performance
| Quarter | Revenue | Net Income | EPS |
|---|---|---|---|
| Q3 2025 | $397.3M | $9.2M | $-0.05 |
| Q2 2025 | $377.3M | -$406.0K | $-0.12 |
| Q1 2025 | $398.3M | $11.4M | $-0.09 |
| Q3 2024 | $714.3M | -$14.6M | $0.29 |
| Q2 2024 | $756.3M | $2.6M | $0.01 |
| Q1 2024 | $770.1M | -$1.6M | $-0.09 |
| Q3 2023 | $721.2M | $3.4M | $-0.12 |
| Q2 2023 | $721.7M | $30.1M | $0.01 |
Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.
GEL Capital Allocation
GEL SEC 10-K & 10-Q Filing Analysis
Access official SEC EDGAR filings for GENESIS ENERGY LP (CIK: 0001022321)
📋 Recent SEC Filings
❓ Frequently Asked Questions about GEL
What is the AI rating for GEL?
GENESIS ENERGY LP (GEL) has an AI rating of SELL with 78% confidence, based on fundamental analysis of SEC EDGAR filings.
What are GEL's key strengths?
Claude: Strong revenue growth of 715.9% year-over-year demonstrates substantial top-line expansion. Solid operating margin of 15.8% and operating income of $258.2M indicate core business operations are generating profits.
What are the risks of investing in GEL?
Claude: Severe net loss of -$440.4M creating negative net margin of -27.0% raises concerns about operational efficiency or significant one-time charges. Critical liquidity position with current ratio of 0.98x and only $6.4M in cash against $3.0B long-term debt and $4.2B total liabilities.
What is GEL's revenue and growth?
GENESIS ENERGY LP reported revenue of $1.6B.
Does GEL pay dividends?
GENESIS ENERGY LP does not currently pay dividends.
Where can I find GEL SEC filings?
Official SEC filings for GENESIS ENERGY LP (CIK: 0001022321) including 10-K, 10-Q, and 8-K reports are available on SEC EDGAR.
What is GEL's EPS?
GENESIS ENERGY LP has a diluted EPS of $-4.19.
How is the AI analysis conducted?
Two independent AI systems — Claude (Anthropic) and ChatGPT (OpenAI) — analyze SEC EDGAR filings including 10-K annual reports and 10-Q quarterly reports. Each AI evaluates financial health, profitability ratios, balance sheet strength, and growth metrics. The combined rating reflects both perspectives for balanced insights.
Is GEL a good stock to buy right now?
Based on our AI fundamental analysis in March 2026, GENESIS ENERGY LP has a SELL rating with 78% confidence. Review the strengths and risks sections above before making a decision. This is not investment advice.
Is GEL stock overvalued or undervalued?
Valuation metrics for GEL: ROE of N/A (sector avg: 14%), net margin of -27.0% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.
Should I buy GEL stock in 2026?
Our dual AI analysis gives GENESIS ENERGY LP a combined SELL rating for 2026. Revenue is data pending, with profitability at or below sector average. Always conduct your own research.
What is GEL's free cash flow?
GENESIS ENERGY LP's operating cash flow is $252.8M, with capital expenditures of $186.9M. FCF margin is 4.0%.
How does GEL compare to other Energy stocks?
Vs Energy sector averages: Net margin -27.0% (avg: 12%), ROE N/A (avg: 14%), current ratio 0.98 (avg: 1.3).