Genesis Energy Lp

Energy
Oil Refining/Marketing
www.genesisenergy.com

Earnings Score

Market Cap $1.35B
Debt $4.08B
Cash $31.77M
EV $5.40B
FCF -$247.61M

Earnings

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Sales & Net Margins

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Earnings	-$89.81M
EBIT	$246.56M
ROA	3%
FCF	-$247.61M
Growth Stability	-23K%
PE	-15.05
PEG	-323.22
P/FCF	-5.46
P/S	0.45
Price/Cash	0.02
Debt/FCF	-16.5
Net Margins	-4%
Op. Margins	8%
Earnings CAGR	-5%
Sales Growth YoY	-12%
Sales Growth QoQ	-6%
Sales CAGR	5%
FCF CAGR	1%
Earnings Stability	0.08

Earnings Growth YoY	-209%
Earnings Growth QoQ	28%
Earnings CAGR 5Y	0%
Sales CAGR 5Y	11%
FCF CAGR 5Y	-2%
Earnings CAGR 3Y	15%
Sales CAGR 3Y	15%
Market Cap	$1.35B
Revenue	$3.01B
Assets	$7.06B
Total Debt	$4.08B
Cash	$31.77M
Shares Outstanding	122.46M
EV	5.4B
Earnings Score	5%
Working Capital	28.31M
Current Ratio	1.03
Shares Growth 3y	-0%

Assets & ROA

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Stockholders Equity & ROE

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Genesis Energy LP is a US-based limited partnership that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The reportable segments of the company are offshore pipeline transportation, sodium minerals and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the sodium minerals and sulfur services segment. Sodium minerals and sulfur services segment include trona and trona-based exploring, mining, processing, producing, marketing, and selling activities, as well as the processing of high sulfur gas streams for refineries to remove the sulfur, and selling the related by-product.

SEC Filings

Direct access to Genesis Energy Lp (GEL) Annual Reports (10K) and Quarterly Reports (10Q) from the SEC website.

2024
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2023
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31
2022
- 10-K Dec 31
- 10-Q Sep 30
- 10-Q Jun 30
- 10-Q Mar 31

Sector Comparison

How does Genesis Energy Lp compare to its competitors?

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Peter Lynch's Chart

This chart shows the current pricing of Genesis Energy Lp compared to its past. The addition of the earnings trend line provides further insights into the company's earnings power.

CAGR -5%

Stability 8%

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Genesis Energy Lp Discounted Cash Flow

Fully customizable DCF calculator online for Genesis Energy Lp.

Years

Calculation mode

= -$2.7B

	0	1	2	3	4	5	6	7	8	9	10	TV
fcf	-$248M	-$250M	-$253M	-$255M	-$258M	-$260M	-$263M	-$266M	-$268M	-$271M	-$274M	-$2.7B
DCF		-$227M	-$209M	-$192M	-$176M	-$162M	-$149M	-$136M	-$125M	-$115M	-$106M	-$1.1B
Value	-$2.7B

Competitiveness and MOAT

High margins render the company resilient under dire circumstances, hence able to drive competitors out or acquire them. ROE and ROA measure the average flow generated by each invested dollar. Their marginal value is a forecast of future growth, and it is considered by Buffett and Munger the most important single indicator.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Net Margins	3%	19%	6%	3%	-3%	1%	-27%	-11%	-0%	1%	-4%
ROA	-	8%	4%	3%	3%	4%	-4%	1%	5%	5%	3%
ROE	-	-	-	-	-	-	-	-	-	-	-

Bad Net Margins (-3.58%)

Net Margins are too low to guarantee profitability in case of higher costs or higher interest rates. Furthermore lower margins cause higher earnings’ volatility.

Safety and Stability

Being debt the number one cause of investment losses and company death, the ratio Debt/FCF is of utmost importance to guarantee safety. On the other hand the Graham’s stability measures the drawdown of earnings, hence indicating the reliability of the flow generated by the company.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	TTM
Debt over FCF	-	-14.17	-18.76	41.9	17.63	15.79	22.48	82.22	-39.05	-38.66	-16.5
Debt over Equity	1.3	-	-	-	-	-	-	-	-	-	-
Growth Stability	-	-	-	28%	-38%	67%	-23K%	-	-	-	-23K%

Good Debt/FCF ratio (-16.5)

Net Margins are high enough to offer a good protection on the profits in case of higher costs or higher interests. Furthermore higher margins reduce earnings’ volatility.

Neutral Debt/Equity ratio (-)

The company has a balance between equity and debt that is not too good nor too bad.

Bad Graham’s Stability (-23K%)

The company has a bad stability in its earnings, which is a sign of a bad competitive advantage.

Growth

Growth can be dangerous when forecasting, simply projecting the current growth is in general wrong. A company passes through multiple phases, from being young and unprofitable, to the first periods of profitability and high growth, until it arrives at a period of regime with limited growth. Identifying in which phase the company is in may help forecasting.

Years	12/2014	12/2015	12/2016	12/2017	12/2018	12/2019	12/2020	12/2021	12/2022	12/2023	CAGR 5Y
Revenue YoY growth	-	-42%	-24%	18%	44%	-15%	-26%	16%	31%	14%	11%
Earnings YoY growth	-	297%	-74%	-45%	-225%	-128%	-2K%	-51%	-98%	-687%	0%
Equity YoY growth	-	-	-	-	-	-	-	-	-	-	-
FCF YoY growth	-	35%	-20%	-154%	121%	13%	-30%	-76%	-346%	10%	-2%