Genesis Energy GEL

NYSE · Pipe Lines (No Natural Gas) · $1.6B

$12.49−5.81%Nov 5 close · Databento

Every report since 2023 →

🔒 Click to interact · scroll moves the page

GEL Wire Story Reactions & EOD Technical StudyDaily closes (Databento EOD) pinned with every AlgoThesis Wire story (dot colour = next trading day close) and SEC filing

Nov 5, 2026CLOSE $12.491D −5.81%3M −19.68%SMA20 $14.12SMA50 $14.68RSI(14) 28.1

12.49

RSI (14, Wilder EOD) · 70 Overbought / 30 OversoldRSI 28.1

Data provided by Databento (end of day). Next close = the first close after a story against the close before it; official daily closes only, not a call, not advice.

The numbers

fiscal 2025, as filed with the SEC · 66-metric EOD snapshot via Databento

Market cap$1.6B

Enterprise value$4.7B

Revenue$1.6B −1.8%

ROIC8.3%

EPS, diluted$-4.19 −237.9%

Modern Valuation (EOD)

Market Cap$1.6B

Enterprise Value$4.7B

EV / True FCF—

EV / FCF—

EV / Gross Profit—

EV / EBIT18.07

EV / Sales2.86

P / E (GAAP)—

P / FCF—

P / Oper. CF6.42

P / Book—

Owner & Cash Yields

True FCF Yield—

FCF Yield—

Owner Earn. Yield—

Earnings Yield-27.1%

Shareholder Yield−0.9%

Buyback Yield0.0%

Dividend Yield17.85%

Dividend / sh$2.23

Payout Ratio—

FCF / sh—

EPS (diluted)$-4.19

Compounder & Returns

Rule of 40—

ROIC8.3%

Cash ROIC (CROIC)—

GP / Assets—

ROE—

ROA-9.1%

Gross Margin—

Oper. Margin15.8%

Net Margin-27.0%

FCF Margin—

True FCF Margin—

Quality & Dilution

Cash Conversion—

Accrual Ratio−14.3%

SBC % of FCF—

SBC % of Rev0.9%

Reinvest. Rate—

Sales Growth Y/Y−1.8%

Sales 3Y CAGR−16.4%

EPS Growth Y/Y−237.9%

FCF Growth Y/Y—

FCF 3Y CAGR—

Share Change Y/Y0.0%

Balance Sheet & Scale

Revenue (FY)$1.6B

Gross Profit (FY)—

Oper. Income (FY)$258.2M

GAAP Net Income$-440.4M

True FCF (ex-SBC)—

Cash & Equiv$6.4M

Total Debt$3.0B

Net Cash (Debt)$-3.0B

Net Cash % MCap−187.2%

Debt / FCF (yrs)—

Current Ratio0.9888.65M sh

Price & Technicals (EOD)

Perf Week−14.57%

Perf Month−12.78%

Perf Quarter−17.18%

Perf Half Y−24.21%

Perf YTD−25.07%

SMA 20 Dist−11.56%$14.12

SMA 50 Dist−14.93%$14.68

SMA 100 Dist−15.81%$14.84

Window High−28.18%$17.39

Window Low0.00%$12.49

RSI (14) · Vol28.143%v

Income Distribution & Cash Flow ConversionHow every dollar of GEL revenue flows through cost of goods, operating expenses, taxes, GAAP net income, and dilution-adjusted free cash flow

Where Every $100 of Revenue Goes (FY2025)

Cost of Revenue (COGS)$0 ($0.0 / $100)

Operating Expenses$1.4B ($84.2 / $100)

Tax & Non-Operating$698.6M ($42.8 / $100)

Net Profit Kept$-440.4M ($0.0 / $100)

Earnings Quality: GAAP Profit → True Owner Cash (FY2025)

GAAP Net Income$-440.4M (-27.0% margin)

Operating Cash Flow (OCF)$252.8M(15.5% of rev)

Less: Capital Expenditures—

Standard Free Cash Flow (FCF)—

Less: Stock-Based Comp (SBC)−$15.3M

True FCF (Owner Cash ex-SBC)—

Revenue by fiscal year

Operating leverage — margins

GrossOperatingNet

Line Item (USD)	FY2021	FY2022	FY2023	FY2024	FY2025	YoY Δ	4Y CAGR
Income Statement
Revenue	$2.1B	$2.8B	$1.7B	$1.7B	$1.6B	−1.8%	−6.4%
Operating Income (EBIT)	$75.7M	$315.0M	$205.1M	$170.0M	$258.2M	+51.9%	+35.9%
Interest Expense	—	$-226.2M	$-244.7M	$-287.2M	$-287.2M	+0.0%	—
Income Tax Expense	$1.7M	$3.2M	$456,000	$1.8M	$806,000	−54.5%	−16.7%
GAAP Net Income	$-165.1M	$75.5M	$117.7M	$-63.9M	$-440.4M	−588.7%	—
Diluted EPS	$-1.96	$-0.04	$0.22	$-1.24	$-4.19	−237.9%	—
Diluted Shares	122.6M	122.6M	122.5M	122.5M	122.5M	+0.0%	−0.0%
Balance Sheet
Cash & Equivalents	$25.0M	$2.1M	$6.2M	$7.4M	$6.4M	−12.4%	−28.8%
Inventory	$78.0M	$78.1M	$135.2M	$37.8M	$55.4M	+46.5%	−8.2%
Total Current Assets	$542.5M	$853.0M	$964.0M	$911.7M	$687.5M	−24.6%	+6.1%
Total Assets	$5.9B	$6.4B	$7.0B	$7.0B	$4.9B	−30.9%	−4.8%
Total Current Liabilities	$496.9M	$709.1M	$967.4M	$858.8M	$699.7M	−18.5%	+8.9%
Total Debt (Short + Long Term)	$3.0B	$3.5B	$3.8B	$3.7B	$3.0B	−18.3%	+0.6%
Total Liabilities	$3.9B	$4.6B	$5.3B	$5.5B	$4.2B	−24.8%	+1.4%
Net Cash / (Net Debt)	$-3.0B	$-3.5B	$-3.8B	$-3.7B	$-3.0B	+18.3%	—
Invested Capital	$3.0B	$3.5B	$3.8B	$3.7B	$3.0B	−18.3%	+0.7%
Cash Flow & Capital Allocation
Operating Cash Flow (OCF)	$338.0M	$334.4M	$521.1M	$391.9M	$252.8M	−35.5%	−7.0%
Depreciation & Amortization (D&A)	$309.7M	$296.2M	$280.2M	$313.2M	$250.9M	−19.9%	−5.1%
Stock-Based Compensation (SBC)	$8.8M	$17.8M	$25.4M	$5.2M	$15.3M	+191.4%	+14.8%
Share Repurchases (Buybacks)	$0	$0	$1.0M	$0	$0	—	—

Fundamentals, income distribution and multi-year statements from SEC EDGAR filings (public domain). Valuation multiples, performance and technicals computed from Databento 1D EOD closes. For information only, not investment advice.

On the Wire

what GEL did at the next close after each story

No Wire story has named GEL yet.

What happened · big days

18 big days in a year, and what we hold on each

A big day is a close more than 3.10% from the one before, three times GEL’s median day (1.03%). On 2 of the 18, its peer group moved the same way at least half as far. We show what we hold. We never name a cause.

every other trading daya big day, numbered in the list below±3.10%Hover a bar for its day. Click a big day to open it.

Shaded: since our stories began, Jun 10. Tap a bar for its day.

#DayGELWhat we hold that dayGroup (median of 4) · each

1 Nov 11, 2025−3.35%
Before our storiesgroup +0.2%, did not move with it
1Nov 11, 2025−3.35%
Before our stories
+0.2% did not move with itDINO −0.6 · SOBO +0.1 · PAA +0.3 · MPLX +0.5
2 Nov 25, 2025+4.37%
Before our storiesgroup +0.1%, did not move with it
2Nov 25, 2025+4.37%
Before our stories
+0.1% did not move with itPAA +1.3 · MPLX +0.4 · SOBO −0.1 · DINO −1.2
3 Dec 3, 2025+3.79%
Before our storiesgroup +0.6%, did not move with it
3Dec 3, 2025+3.79%
Before our stories
+0.6% did not move with itPAA +1.8 · MPLX +1.7 · DINO −0.5 · SOBO −1.5
4 Dec 11, 2025+5.28%
Before our storiesgroup −0.6%, did not move with it
4Dec 11, 2025+5.28%
Before our stories
−0.6% did not move with itSOBO +1.1 · PAA 0.0 · MPLX −1.1 · DINO −1.7
5 Jan 30, 2026−4.04%
Before our storiesgroup −0.7%, did not move with it
5Jan 30, 2026−4.04%
Before our stories
−0.7% did not move with itPAA −2.3 · SOBO −0.8 · MPLX −0.6 · DINO +1.4
6 Feb 3, 2026+4.82%
Before our storiesgroup +2.0%, did not move with it
6Feb 3, 2026+4.82%
Before our stories
+2.0% did not move with itDINO +5.3 · PAA +2.3 · SOBO +1.7 · MPLX −0.1
7 Apr 21, 2026+3.18%
Before our storiesgroup +0.0%, did not move with it
7Apr 21, 2026+3.18%
Before our stories
+0.0% did not move with itDINO +2.9 · PAA +0.5 · MPLX −0.4 · SOBO −0.5
8 May 11, 2026−3.54%
Before our storiesgroup +0.9%, did not move with it
8May 11, 2026−3.54%
Before our stories
+0.9% did not move with itMPLX +0.1 · DINO +0.5 · PAA +1.2 · SOBO +2.0
9 May 26, 2026−5.25%
Before our storiesgroup −1.8%, did not move with it
9May 26, 2026−5.25%
Before our stories
−1.8% did not move with itPAA −2.4 · DINO −2.0 · SOBO −1.6 · MPLX 0.0
10 Jun 12, 2026−3.38%
Nothing on GELgroup +0.9%, did not move with it
10Jun 12, 2026−3.38%
Nothing on GELNo GEL story, brief or results filing in our record that day
+0.9% did not move with itPAA −0.2 · MPLX +0.7 · SOBO +1.1 · DINO +1.9
11 Jun 15, 2026−4.56%
Nothing on GELgroup −2.2%, did not move with it
11Jun 15, 2026−4.56%
Nothing on GELNo GEL story, brief or results filing in our record that day
−2.2% did not move with itDINO −5.6 · PAA −2.2 · MPLX −2.1 · SOBO −1.4
12 Jul 7, 2026+5.28%
Nothing on GELgroup +1.4%, did not move with it
12Jul 7, 2026+5.28%
Nothing on GELNo GEL story, brief or results filing in our record that day
+1.4% did not move with itSOBO +4.2 · PAA +1.8 · MPLX +0.9 · DINO −0.7
13 Jul 16, 2026+3.47%
Nothing on GELgroup +1.5%, did not move with it
13Jul 16, 2026+3.47%
Nothing on GELNo GEL story, brief or results filing in our record that day
+1.5% did not move with itDINO +3.5 · PAA +1.7 · MPLX +1.4 · SOBO +0.0
14 Aug 10, 2026+3.12%
Nothing on GELgroup +1.4%, did not move with it
14Aug 10, 2026+3.12%
Nothing on GELNo GEL story, brief or results filing in our record that day
+1.4% did not move with itDINO +4.7 · PAA +2.0 · SOBO +0.8 · MPLX −0.3
15 Sep 18, 2026−3.49%
Nothing on GELgroup +0.1%, did not move with it
15Sep 18, 2026−3.49%
Nothing on GELNo GEL story, brief or results filing in our record that day
+0.1% did not move with itDINO −0.6 · PAA −0.2 · SOBO +0.3 · MPLX +1.4
16 Nov 2, 2026−3.14%
Nothing on GELgroup −2.7%, moved with GEL
16Nov 2, 2026−3.14%
Nothing on GELNo GEL story, brief or results filing in our record that day
−2.7% moved with GELPAA −3.2 · DINO −2.9 · SOBO −2.5 · MPLX −2.0
17 Nov 4, 2026−7.98%
Nothing on GELgroup −2.4%, did not move with it
17Nov 4, 2026−7.98%
Nothing on GELNo GEL story, brief or results filing in our record that day
−2.4% did not move with itDINO −7.8 · PAA −2.5 · SOBO −2.2 · MPLX −2.2
18 Nov 5, 2026−5.81%
Resultsgroup −4.6%, moved with GEL
18Nov 5, 2026−5.81%
ResultsFirst close after the Nov 5 results filing
−4.6% moved with GELSOBO −7.2 · DINO −6.5 · PAA −2.7 · MPLX +0.5

A story on the same day is not a cause, and a group move is not proof either. Group: the median of MPLX, DINO, PAA and SOBO that day, the largest companies in GEL’s SEC industry; “moved with GEL” means the same direction and at least half the size.

What’s next · results

Before the next report: what the first day after the last four did

Six trading days after each results filing (SEC 8-K, Item 2.02). GEL reports before the open, so day 1 is that day’s close. 2 of 4 times, day 6 ended on the same side as day 1.

Reported Oct 30, 2025

day 1+0.13%day 6+1.50%

Reported Feb 12, 2026

day 1−1.67%day 6+1.50%

Reported May 7, 2026

day 1+0.37%day 6−1.95%

Reported Aug 6, 2026

day 1+2.15%day 6+5.72%

Next report: expected early-to-mid FebruaryEstimated from the dates of its last four results filings. Not announced. Since the Nov 5 report: −5.81%. Four reports is a small sample.

Every report since 2023 →

Each line is GEL’s close against its close before the filing, on licensed end-of-day closes. What happened after each report, not a forecast; a move on the day is not a cause.

Same industry

GEL against four same-industry peers, a year at 100

GEL is down 22.6% in a year. HF Sinclair is up 78.6%, Plains All American Pipeline 47.5%, South Bow 21.6% and MPLX 10.3%. All four did more. Weekly closes, Nov 7, 2025 = 100, on a log scale, so the same percentage move is the same height on every line.

Share this chart

GEL −22.6%. HF Sinclair +78.6%, Plains All American Pipeline +47.5%, South Bow +21.6%, MPLX +10.3%. Weekly closes, Nov 7, 2025 = 100, log scale.

Share this chart

End-of-day closes (Databento EOD), the last close of each week. The four peers are the largest US-listed companies by market value in GEL’s SEC industry (Pipe Lines (No Natural Gas)) with a year of closes. It shows what the closes did; a move here is not a cause, a forecast or a call.

The Wire at 7 AM ET, free. Top stories with a bull and a bear case on each, every morning. No account needed.

MPLX	MPLX	$57.0B	+0.53%
DINO	HF Sinclair	$18.6B	−6.50%
PAA	Plains All American Pipeline	$17.8B	−2.70%
SOBO	South Bow	$7.1B	−7.17%
PAGP	Plains GP	$5.3B	−2.01%
DKL	Delek Logistics Partners	$2.8B	−2.05%