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Genesis Energy LP (GEL) Fundamental Analysis & AI Grade 2026

GEL NYSE Pipe Lines (No Natural Gas) DE CIK: 0001022321
Updated This Month • Analysis: May 16, 2026 • SEC Data: 2026-03-31
Combined AI Grade
B
73% Confidence
STRONG AGREEMENT
B
70% Conf
B
76% Conf

📊 GEL Key Takeaways

Revenue: $446.6M
Net Margin: 1.5%
Free Cash Flow: $55.7M
Current Ratio: 0.98x
Debt/Equity: N/A
EPS: $-0.06
AI Grade: B with 70% confidence
Genesis Energy LP (GEL) receives a B fundamental grade with 73% confidence from our AI analysis based on SEC 10-K filings. With revenue of $446.6M, net profit margin of 1.5%, Genesis Energy LP demonstrates mixed fundamentals in the Energy sector. Below is our complete GEL stock analysis for 2026.

Is Genesis Energy LP (GEL) a Good Investment?

Claude

Genesis Energy demonstrates strong operational cash flow generation ($81.7M) and exceptional revenue growth (+715.9% YoY), but faces critical liquidity and profitability concerns including negative diluted EPS (-$0.06) deteriorating -237.9% YoY, minimal cash reserves ($4.2M) relative to $3.2B debt, and current ratio below 1.0. The thin 1.5% net margin despite massive revenue suggests cost structure or integration issues that must be resolved.

ChatGPT

Genesis Energy shows improving operating performance, with strong reported revenue growth, solid operating margin, positive operating cash flow, and positive free cash flow. However, the partnership still carries a large net loss, very high debt, minimal cash on hand, and tight liquidity, which materially weaken overall financial quality. The fundamentals suggest a business with operational progress but balance-sheet risk that keeps the outlook neutral rather than clearly attractive.

Genesis Energy LP Key Strengths (GEL)

Claude
  • + Strong revenue growth of 715.9% YoY indicates significant business scaling
  • + Positive operating cash flow ($81.7M) and free cash flow ($55.7M) with 12.5% FCF margin
  • + Reasonable operating margin of 17.2% shows core business profitability
  • + Interest coverage ratio of 6.0x provides adequate debt service capacity
ChatGPT
  • + Strong top-line growth and a 15.8% operating margin indicate better core operating momentum
  • + Positive operating cash flow of $252.83M and free cash flow of $65.94M support internal funding capacity
  • + High reported interest coverage of 20.2x suggests current earnings can support interest obligations

GEL Stock Risks: Genesis Energy LP Investment Risks

Claude
  • ! Negative and severely deteriorating diluted EPS (-0.06, -237.9% YoY) indicates fundamental earnings problems
  • ! Critical liquidity position: current ratio 0.98x (below 1.0), current liabilities exceed current assets
  • ! Dangerously low cash reserves ($4.2M) relative to $3.2B long-term debt creates refinancing vulnerability
  • ! Extreme financial leverage (liabilities represent 89.6% of total assets) with minimal equity cushion
  • ! Massive revenue growth producing only $6.8M net income suggests cost structure dysfunction or acquisition integration issues
ChatGPT
  • ! Net margin of -27.0% and a $440.40M net loss show earnings remain weak despite positive operating income
  • ! Long-term debt of $3.05B and total liabilities of $4.15B create significant leverage risk
  • ! Cash of just $6.44M with a current ratio of 0.98x points to limited liquidity flexibility

Key Metrics to Watch

Claude
  • * Diluted EPS trend and timeline to positive earnings
  • * Cash balance trajectory and liquidity position (target current ratio above 1.0)
  • * Net margin expansion toward industry-standard levels for pipeline operators
  • * Total debt reduction and debt-to-EBITDA ratio
  • * Operating cash flow sustainability at elevated revenue levels
ChatGPT
  • * Net income improvement relative to operating income
  • * Free cash flow after capital expenditures

Genesis Energy LP (GEL) Financial Metrics & Key Ratios

Revenue
$446.6M
Net Income
$6.8M
EPS (Diluted)
$-0.06
Free Cash Flow
$55.7M
Total Assets
$4.8B
Cash Position
$4.2M

💡 AI Analyst Insight

The current ratio below 1.0x warrants monitoring of short-term liquidity.

GEL Profit Margin, ROE & Profitability Analysis

Gross Margin N/A
Operating Margin 17.2%
Net Margin 1.5%
ROE N/A
ROA 0.1%
FCF Margin 12.5%

GEL vs Energy Sector: How Genesis Energy LP Compares

How Genesis Energy LP compares to Energy sector averages

Net Margin
GEL 1.5%
vs
Sector Avg 12.0%
GEL Sector
ROE
GEL 0.0%
vs
Sector Avg 14.0%
GEL Sector
Current Ratio
GEL 1.0x
vs
Sector Avg 1.3x
GEL Sector
Debt/Equity
GEL 0.0x
vs
Sector Avg 0.6x
GEL Sector

Sector benchmarks are approximate industry averages. Actual sector performance may vary.

Is Genesis Energy LP Stock Overvalued? GEL Valuation Analysis 2026

Based on fundamental analysis, Genesis Energy LP has mixed fundamental signals relative to the Energy sector in 2026.

Return on Equity
N/A
Sector avg: 14%
Net Profit Margin
1.5%
Sector avg: 12%
Revenue Growth
N/A
Year-over-year
Debt/Equity
N/A
Sector avg: 0.6x

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.

Genesis Energy LP Balance Sheet: GEL Debt, Cash & Liquidity

Current Ratio
0.98x
Quick Ratio
0.92x
Debt/Equity
N/A
Debt/Assets
88.9%
Interest Coverage
5.98x
Long-term Debt
$3.2B

GEL Revenue & Earnings Growth: 5-Year Financial Trend

GEL 5-year financial data: Year 2021: Revenue $2.5B, Net Income $96.0M, EPS $0.18. Year 2022: Revenue $2.8B, Net Income -$416.7M, EPS $-4.01. Year 2023: Revenue $3.2B, Net Income -$165.1M, EPS $-1.96. Year 2024: Revenue $3.2B, Net Income $75.5M, EPS $-0.04. Year 2025: Revenue $1.7B, Net Income $117.7M, EPS $0.22.
Revenue
Net Income
EPS (right axis)

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 Revenue Growth, EPS Growth & YoY Performance

Revenue Growth
N/A
Year-over-year
Net Income Growth
N/A
Year-over-year
EPS Growth
N/A
Earnings per share
FCF Margin
12.5%
Free cash flow / Revenue

GEL Quarterly Earnings & Performance

Quarterly financial performance data for Genesis Energy LP including revenue, net income, and earnings per share.
Quarter Revenue Net Income EPS
Q1 2026 $398.3M $6.8M $-0.06
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

Data sourced from SEC EDGAR 10-Q quarterly filings. Figures may represent quarterly or cumulative values.

Genesis Energy LP Dividends, Buybacks & Capital Allocation

Operating Cash Flow
$81.7M
Cash generated from operations
Capital Expenditures
$26.1M
Investment in assets
Dividends
None
No dividend program

GEL SEC Filings: Latest 10-K & 10-Q Analysis

Access official SEC EDGAR filings for Genesis Energy LP (CIK: 0001022321)

📋 Recent SEC Filings

Date Form Document Action
May 29, 2026 4 xslF345X06/wk-form4_1780080154.xml View →
May 26, 2026 4 xslF345X06/wk-form4_1779808512.xml View →
May 19, 2026 4 xslF345X06/wk-form4_1779193858.xml View →
May 13, 2026 4 xslF345X06/wk-form4_1778707044.xml View →
May 13, 2026 4 xslF345X06/wk-form4_1778707001.xml View →

Frequently Asked Questions about GEL

What is the AI rating for GEL?

Genesis Energy LP (GEL) has a Combined AI Grade of B from Claude (B) and ChatGPT (B) with 73% combined confidence, based on fundamental analysis of SEC EDGAR filings.

What are GEL's key strengths?

Claude: Strong revenue growth of 715.9% YoY indicates significant business scaling. Positive operating cash flow ($81.7M) and free cash flow ($55.7M) with 12.5% FCF margin. ChatGPT: Strong top-line growth and a 15.8% operating margin indicate better core operating momentum. Positive operating cash flow of $252.83M and free cash flow of $65.94M support internal funding capacity.

What are the risks of investing in GEL?

Claude: Negative and severely deteriorating diluted EPS (-0.06, -237.9% YoY) indicates fundamental earnings problems. Critical liquidity position: current ratio 0.98x (below 1.0), current liabilities exceed current assets. ChatGPT: Net margin of -27.0% and a $440.40M net loss show earnings remain weak despite positive operating income. Long-term debt of $3.05B and total liabilities of $4.15B create significant leverage risk.

What is GEL's revenue and growth?

Genesis Energy LP reported revenue of $446.6M.

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 $-0.06.

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 grade reflects both perspectives for balanced insights.

What is GEL's fundamental grade?

Based on our AI fundamental analysis in June 2026, Genesis Energy LP has a B grade with 73% confidence. Review the strengths and risks sections above for full context. 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 1.5% (sector avg: 12%). Compare these metrics with sector averages to assess valuation.

What is GEL's AI grade for 2026?

Our dual AI analysis gives Genesis Energy LP a combined B grade 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 $81.7M, with capital expenditures of $26.1M. FCF margin is 12.5%.

How does GEL compare to other Energy stocks?

Vs Energy sector averages: Net margin 1.5% (avg: 12%), ROE N/A (avg: 14%), current ratio 0.98 (avg: 1.3).

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Disclaimer: This analysis is generated by Claude AI (Anthropic) and ChatGPT (OpenAI) based on publicly available SEC EDGAR filings. It does not include stock price data and should not be considered financial advice. All fundamental data is sourced from SEC public domain filings. Always conduct your own research and consult with a qualified financial advisor before making investment decisions.
Data Source: SEC EDGAR | Analysis Date: May 16, 2026 | Data as of: 2026-03-31 | Powered by Claude AI