GEL
EnergyGenesis Energy, L.P. · Oil & Gas Midstream · $2B
What is Genesis Energy, L.P.?
Genesis Energy, L.P. is a midstream master limited partnership focused on crude oil and natural gas infrastructure across the Gulf Coast and Gulf of Mexico. Founded in 1996 and headquartered in Houston, the partnership connects producers to refineries through pipelines, terminals, and specialty chemical services.
Genesis Energy generates revenue by transporting, storing, and marketing crude oil through offshore and onshore pipeline systems, operating terminals along the Gulf Coast, and providing sulfur-extraction and sodium mineral services to refineries and industrial customers. Its offshore segment owns interests in roughly 1,422 miles of Gulf of Mexico crude oil pipelines, while its onshore segment operates trucking, railcar, and terminal assets with substantial storage capacity. The sodium minerals and sulfur services segment adds a specialty chemical dimension, selling products to base-metals mining companies.
Genesis Energy was founded in 1996 and is headquartered in Houston, Texas.
- Offshore crude oil and natural gas pipeline transportation in the Gulf of Mexico
- Onshore crude oil purchasing, blending, storage, and marketing along the Gulf Coast
- Sulfur-extraction services supplied to refining operations
- Sodium hydrosulfide and caustic soda sales to industrial and mining customers
- Crude oil rail unloading facilities and terminal tankage operations
Is GEL a Good Stock to Buy?
UQS Score rates GEL as Below Average overall, reflecting broad weakness across most quality dimensions.
The one area where GEL stands out relative to its pillar profile is Valuation, which is rated Good — suggesting the market may already be pricing in the partnership's challenges, leaving less downside from an overvaluation standpoint.
Quality, Moat, Growth, and Risk are all rated Weak, pointing to thin competitive advantages, limited earnings power, constrained expansion prospects, and meaningful balance-sheet or operational vulnerabilities.
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Past performance does not guarantee future results. UQS Score is based on fundamental data and is not a buy/sell recommendation.
Does GEL pay dividends?
Yes — Genesis Energy, L.P. pays a dividend.
Genesis Energy pays a regular distribution to unitholders, consistent with the master limited partnership structure that prioritizes returning cash to investors. However, given the Weak Quality and Risk pillar ratings, income-focused investors should weigh the sustainability of that distribution carefully. The complete payout analysis, including coverage context, is available to Pro members.
When does GEL report earnings?
Genesis Energy reports earnings on a quarterly cadence, typical for US-listed partnerships.
The partnership's Weak Growth and Quality pillar ratings suggest recent results have not demonstrated consistent improvement in earnings power or capital efficiency relative to sector peers. Segment performance across offshore pipelines, sodium minerals, and onshore transportation can vary with commodity cycles and refinery demand.
For the most recent quarter's results and guidance, visit Genesis Energy's investor relations page directly.
GEL Price History
+135.1% over 5Y
Monthly close, adjusted for stock splits and dividend reinvestment.
What if I invested in Genesis Energy, L.P.?
Based on Genesis Energy, L.P.'s historical closing prices, adjusted for stock splits and dividend reinvestment. Past performance does not guarantee future results. This is for informational purposes only and is not financial advice.
GEL Long-term Outlook
The Weak Growth pillar indicates limited near-term expansion catalysts for Genesis Energy. Deepwater Gulf of Mexico volumes and refinery throughput remain the primary revenue levers, both of which are sensitive to energy price cycles. The Weak Risk pillar adds caution around leverage and cash flow predictability, while the Good Valuation rating suggests the market has already discounted much of this uncertainty into the unit price.
Growth drivers
- Deepwater Gulf of Mexico pipeline utilization tied to offshore production activity
- Specialty chemical demand from base-metals mining for sodium and sulfur products
- Potential volume recovery at onshore Gulf Coast terminals and rail facilities
Key risks
- High financial leverage typical of midstream MLPs amplified by a Weak Risk rating
- Commodity price and refinery throughput sensitivity across all three business segments
- Limited competitive moat increasing vulnerability to volume loss or contract repricing
GEL vs Peers
Genesis Energy operates in a competitive midstream and energy infrastructure landscape alongside several other specialized partnerships and companies.
Seapeak focuses on LNG and LPG marine transportation, giving it a different commodity and geographic exposure compared to GEL's Gulf of Mexico crude pipeline focus.
FLEX LNG operates a modern fleet of LNG carriers under long-term charters, contrasting with GEL's fixed pipeline and terminal infrastructure model.
Sunoco operates fuel distribution and pipeline assets with a broader retail and wholesale reach, whereas GEL concentrates on Gulf Coast crude and specialty chemical services.
Frequently Asked Questions
What does Genesis Energy do?
Genesis Energy is a midstream master limited partnership that transports, stores, and markets crude oil through offshore Gulf of Mexico pipelines and onshore Gulf Coast terminals. It also provides sulfur-extraction services to refineries and sells sodium hydrosulfide and caustic soda to industrial customers in the mining sector.
Does GEL pay dividends?
Yes, Genesis Energy pays a regular cash distribution to unitholders, consistent with its MLP structure. However, the Weak Quality and Risk pillar ratings raise questions about long-term distribution sustainability. Pro members can access the full payout and coverage analysis on the UQS platform.
When does GEL report earnings?
Genesis Energy reports financial results on a quarterly cadence, as is standard for US-listed partnerships. For exact release dates and the most recent quarterly results, check the investor relations section of the Genesis Energy website directly.
Is GEL a good stock to buy?
UQS Score rates GEL as Below Average, driven by Weak ratings across Quality, Moat, Growth, and Risk. The Good Valuation rating is a relative positive, but the overall profile suggests significant fundamental headwinds. Investors should review the full pillar breakdown before making any decision.
Is GEL overvalued?
The UQS Valuation pillar rates GEL as Good, indicating the unit price appears to reflect the partnership's challenges rather than pricing in optimistic assumptions. That said, a low valuation alone does not offset the Weak ratings across the other four pillars.
How does GEL compare to its competitors?
Compared to peers like Seapeak and FLEX LNG, Genesis Energy is more narrowly focused on Gulf of Mexico crude pipelines and Gulf Coast terminals rather than LNG marine transport. Its specialty chemical segment adds some diversification, but the overall UQS profile rates GEL below the stronger end of the midstream peer group.
What is GEL's market cap bracket?
Genesis Energy is classified as a mid-cap partnership. This places it in a tier with meaningful operational scale but without the balance-sheet depth or diversification of the largest energy infrastructure companies.
Who founded Genesis Energy?
Genesis Energy was founded in 1996. Detailed founding history and leadership background are publicly available through the company's official investor relations materials and SEC filings.
Is GEL a long-term quality investment?
As a long-term quality indicator, the UQS Score rates GEL as Below Average. Weak scores across Quality, Moat, Growth, and Risk suggest the partnership lacks the durable competitive advantages and financial resilience typically associated with strong long-term holdings in the energy infrastructure space.
What is the main competitive advantage of Genesis Energy?
Genesis Energy's primary advantage lies in its ownership of fixed offshore pipeline infrastructure in the Gulf of Mexico, which creates some barriers to entry through high capital requirements. However, the UQS Moat pillar rates this advantage as Weak, reflecting limited pricing power and competitive differentiation relative to sector peers.
What sector does GEL belong to?
GEL operates in the Energy sector, specifically within the midstream segment. Midstream companies focus on the transportation, storage, and processing of oil and gas rather than exploration or retail distribution. You can explore more midstream and energy infrastructure names on the [UQS sector page](/sector/energy).
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Pro Analysis
GEL — Score History
| Date | UQS | Quality | Moat | Growth | Risk | Value | Change |
|---|---|---|---|---|---|---|---|
| May 22, 2026 | 38.0 | 55.9 | 24.0 | 40.9 | 4.8 | 61.2 | -0.1 |
| May 21, 2026 | 38.1 | 55.9 | 24.0 | 40.9 | 4.8 | 61.3 | +1.5 |
| May 10, 2026 | 36.6 | 21.1 | 24.0 | 39.7 | 36.9 | 79.0 | 0.0 |
| May 8, 2026 | 36.6 | 21.1 | 24.0 | 39.7 | 36.9 | 78.7 | +4.3 |
| May 7, 2026 | 32.3 | 26.7 | 24.0 | 39.7 | 4.5 | 73.5 | +0.2 |
| May 3, 2026 | 32.1 | 26.7 | 24.0 | 39.7 | 4.5 | 72.4 | -0.1 |
| Apr 26, 2026 | 32.2 | 26.7 | 24.0 | 39.7 | 4.5 | 72.9 | 0.0 |
| Apr 25, 2026 | 32.2 | 26.7 | 24.0 | 39.7 | 4.5 | 72.8 | +0.1 |
| Apr 23, 2026 | 32.1 | 26.5 | 24.0 | 39.7 | 4.5 | 72.5 | -0.1 |
| Apr 19, 2026 | 32.2 | 26.7 | 24.0 | 39.7 | 4.5 | 72.6 | +0.2 |
GEL — Pillar Breakdown
Quality
— 55.9/100 (25%)Genesis Energy, L.P. shows solid profitability with healthy returns on capital and reasonable margins.
How effectively capital is deployed to generate returns.
Profitability relative to shareholders' equity.
Ability to convert revenue into operating profit.
Bottom-line profit as a share of revenue.
Asset productivity — how much gross profit each dollar of assets generates.
Free cash flow relative to market value.
Growth
— 40.9/100 (20%)Genesis Energy, L.P. shows steady but unspectacular growth, typical for mature companies.
Revenue trajectory over the last twelve months.
Compound annual revenue growth rate over 3 years.
Year-over-year earnings per share growth.
Analyst consensus for future revenue growth.
Analyst consensus for future earnings growth.
Risk
— 4.8/100 (15%)Genesis Energy, L.P. presents elevated risk with concerns around leverage or financial stability.
Debt levels relative to earnings capacity.
Total debt relative to shareholder equity.
Short-term liquidity — ability to pay near-term obligations.
Earnings capacity relative to interest payments.
Valuation
— 61.3/100 (15%)Genesis Energy, L.P. trades at a reasonable valuation with decent earnings yield and FCF multiples.
Inverse of forward P/E — higher yield means cheaper stock.
How many years of FCF the market cap represents.
P/E relative to earnings growth — lower is more attractive.
Enterprise value multiple relative to sector median.
Moat
— 24/100 (25%)Genesis Energy, L.P. operates in a highly competitive environment with limited sustainable advantages. The Moat pillar evaluates competitive advantages across five dimensions: Switching Costs, Network Effects, Cost Advantage, Intangible Assets, and Scale & Ecosystem. Sign in to customize moat ratings for GEL.
Score Composition
Financial Data
More Stock Analysis
How is the GEL UQS Score Calculated?
The UQS (Unified Quality Score) for Genesis Energy, L.P. is calculated using a proprietary 6-pillar framework with 29 financial metrics. Each pillar evaluates a different dimension on a 0–100 scale, then combines into a single weighted score. Scoring thresholds are calibrated per sector. Momentum is an optional Pro toggle — without it, you get the 5-pillar / 25-metric core shown below.
Quality (25%) measures profitability and capital efficiency — ROIC, ROE, margins, GP/Assets, and FCF Yield.
Moat (25%) assesses Genesis Energy, L.P.'s competitive advantages across switching costs, network effects, cost advantages, intangible assets, and ecosystem scale.
Growth (20%) tracks revenue trajectory and earnings momentum, combining historical results with analyst forward estimates.
Risk (15%) is inversely scored — lower leverage and strong balance sheet health result in higher scores.
Valuation (15%) measures whether Genesis Energy, L.P. is fairly priced using earnings yield, price-to-FCF, PEG ratio, and EV/EBITDA relative to sector peers.
Six investor-inspired presets are available, each with different pillar weights: Balanced, Buffett, Munger, Lynch, Cathie Wood, and Graham. The public score shown here uses the Balanced preset. Learn more in our FAQ.