GENESIS ENERGY LP
GEL · Pipe Lines (No Natural Gas) · 88.7M shares · -0%/yr ↓ buyback · EDGAR filings ↗
Net buyback after stock comp: -$24M (gross $1M, SBC $25M)
Reference price $16.34 · est. market cap ~$1.4B — last insider purchase, 2026-05-18 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
C61Midstream MLP with healthy operating/segment margins offset by a large divestiture loss, thin liquidity and high structural leverage.
Strengths
- Operating margin 15.8% (81st pct) and OCF margin 15.5% (68th); offshore volumes ramping (Shenandoah, Salamanca) on completed growth capex
- Net income from continuing operations turned positive ($30.5M) and segment margin +9%
Risks
- Headline net margin -27% and ROA -9% driven by a $432M loss on the Alkali sale; very low cash ($6.4M, 18th pct) and current ratio 0.98
- Costly Class A preferred (~$3.79/unit annual) and MLP leverage still being worked down
Notable findings
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Operating margin
15.8%
Net margin
-27.0%
Return on assets
-9.1%
Revenue growth (QoQ)
1.3%
Net debt / EBITDA
6.0×
Current ratio
1.0×
EBITDA
$509M
Cash & investments
$6M
Stock comp / revenue
0.9%
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-05-21 | Davison James E. Jr. | Other | 1.5M | — |
| 2026-05-18 | Gaspard Garland G | Buy | 12K | $16.34 |
| 2026-04-01 | Taylor Jack T | Option exercise | 2.6K | — |
| 2026-04-01 | Taylor Jack T | Disposition | 2.6K | $17.88 |
| 2026-04-01 | Davison James E. Jr. | Option exercise | 2.4K | — |
| 2026-04-01 | Davison James E. Jr. | Disposition | 2.4K | $17.88 |
| 2026-04-01 | Davison James E | Option exercise | 2.4K | — |
| 2026-04-01 | Davison James E | Disposition | 2.4K | $17.88 |
| 2026-04-01 | GASAWAY SHARILYN S | Option exercise | 2.5K | — |
| 2026-04-01 | GASAWAY SHARILYN S | Disposition | 2.5K | $17.88 |
| 2026-04-01 | JASTROW KENNETH M II | Option exercise | 2.6K | — |
| 2026-04-01 | JASTROW KENNETH M II | Disposition | 2.6K | $17.88 |
| 2026-04-01 | ALBERT CONRAD P | Option exercise | 2.5K | — |
| 2026-04-01 | ALBERT CONRAD P | Disposition | 2.5K | $17.88 |
| 2026-01-02 | Taylor Jack T | Option exercise | 3.7K | — |
| 2026-01-02 | Taylor Jack T | Disposition | 3.7K | $15.74 |
| 2026-01-02 | Davison James E. Jr. | Option exercise | 3.6K | — |
| 2026-01-02 | Davison James E. Jr. | Disposition | 3.6K | $15.74 |
| 2026-01-02 | Davison James E | Option exercise | 3.6K | — |
| 2026-01-02 | Davison James E | Disposition | 3.6K | $15.74 |
| 2026-01-02 | GASAWAY SHARILYN S | Option exercise | 3.9K | — |
| 2026-01-02 | GASAWAY SHARILYN S | Disposition | 3.9K | $15.74 |
| 2026-01-02 | JASTROW KENNETH M II | Option exercise | 3.9K | — |
| 2026-01-02 | JASTROW KENNETH M II | Disposition | 3.9K | $15.74 |
| 2026-01-02 | ALBERT CONRAD P | Option exercise | 3.7K | — |
| 2026-01-02 | ALBERT CONRAD P | Disposition | 3.7K | $15.74 |
| 2025-10-01 | Taylor Jack T | Option exercise | 2.9K | — |
| 2025-10-01 | Taylor Jack T | Disposition | 2.9K | $16.53 |
| 2025-10-01 | Davison James E. Jr. | Option exercise | 2.8K | — |
| 2025-10-01 | Davison James E. Jr. | Disposition | 2.8K | $16.53 |
| 2025-10-01 | Davison James E | Option exercise | 2.8K | — |
| 2025-10-01 | Davison James E | Disposition | 2.8K | $16.53 |
| 2025-10-01 | JASTROW KENNETH M II | Option exercise | 3.0K | — |
| 2025-10-01 | JASTROW KENNETH M II | Disposition | 3.0K | $16.53 |
| 2025-10-01 | ALBERT CONRAD P | Option exercise | 2.9K | — |
| 2025-10-01 | ALBERT CONRAD P | Disposition | 2.9K | $16.53 |
| 2025-10-01 | GASAWAY SHARILYN S | Option exercise | 3.0K | — |
| 2025-10-01 | GASAWAY SHARILYN S | Disposition | 3.0K | $16.53 |
| 2025-07-01 | Taylor Jack T | Option exercise | 2.7K | — |
| 2025-07-01 | Taylor Jack T | Disposition | 2.7K | $16.54 |
| 2025-07-01 | Davison James E. Jr. | Option exercise | 2.6K | — |
| 2025-07-01 | Davison James E. Jr. | Disposition | 2.6K | $16.54 |
| 2025-07-01 | Davison James E | Option exercise | 2.6K | — |
| 2025-07-01 | Davison James E | Disposition | 2.6K | $16.54 |
| 2025-07-01 | GASAWAY SHARILYN S | Option exercise | 2.8K | — |
| 2025-07-01 | GASAWAY SHARILYN S | Disposition | 2.8K | $16.54 |
| 2025-07-01 | JASTROW KENNETH M II | Option exercise | 2.8K | — |
| 2025-07-01 | JASTROW KENNETH M II | Disposition | 2.8K | $16.54 |
| 2025-07-01 | ALBERT CONRAD P | Option exercise | 2.7K | — |
| 2025-07-01 | ALBERT CONRAD P | Disposition | 2.7K | $16.54 |
| 2025-04-01 | Davison James E | Option exercise | 2.6K | — |
| 2025-04-01 | Davison James E | Disposition | 2.6K | $14.35 |
| 2025-04-01 | Taylor Jack T | Option exercise | 2.8K | — |
| 2025-04-01 | Taylor Jack T | Disposition | 2.8K | $14.35 |
| 2025-04-01 | Davison James E. Jr. | Option exercise | 2.6K | — |
| 2025-04-01 | Davison James E. Jr. | Disposition | 2.6K | $14.35 |
| 2025-04-01 | ALBERT CONRAD P | Option exercise | 2.8K | — |
| 2025-04-01 | ALBERT CONRAD P | Disposition | 2.8K | $14.35 |
| 2025-04-01 | JASTROW KENNETH M II | Option exercise | 2.9K | — |
| 2025-04-01 | JASTROW KENNETH M II | Disposition | 2.9K | $14.35 |
| 2025-04-01 | GASAWAY SHARILYN S | Option exercise | 2.9K | — |
| 2025-04-01 | GASAWAY SHARILYN S | Disposition | 2.9K | $14.35 |
| 2025-03-25 | Gaspard Garland G | Buy | 5.0K | $15.96 |
| 2025-03-13 | SIMS RYAN S | Buy | 1.0K | $12.95 |
| 2025-01-02 | GASAWAY SHARILYN S | Option exercise | 2.8K | — |
| 2025-01-02 | GASAWAY SHARILYN S | Disposition | 2.8K | $10.56 |
| 2025-01-02 | Davison James E | Option exercise | 2.5K | — |
| 2025-01-02 | Davison James E | Disposition | 2.5K | $10.56 |
| 2025-01-02 | ALBERT CONRAD P | Option exercise | 2.7K | — |
| 2025-01-02 | ALBERT CONRAD P | Disposition | 2.7K | $10.56 |
| 2025-01-02 | JASTROW KENNETH M II | Option exercise | 2.8K | — |
| 2025-01-02 | JASTROW KENNETH M II | Disposition | 2.8K | $10.56 |
| 2025-01-02 | Taylor Jack T | Option exercise | 2.7K | — |
| 2025-01-02 | Taylor Jack T | Disposition | 2.7K | $10.56 |
| 2025-01-02 | Davison James E. Jr. | Option exercise | 2.5K | — |
| 2025-01-02 | Davison James E. Jr. | Disposition | 2.5K | $10.56 |
All non-derivative Form 4 activity (SEC), newest first.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-06-26 | Exec/director change | filing ↗ |
| 2026-05-07 | ResultsExhibits | filing ↗ |
| 2026-03-09 | Material agreement1.02Debt obligation | filing ↗ |
| 2026-03-04 | Material agreementOtherExhibits | filing ↗ |
| 2026-02-24 | Material agreementReg FDExhibits | filing ↗ |
| 2026-02-12 | ResultsExhibits | filing ↗ |
| 2025-10-30 | ResultsExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-06-26 | 2026-06-26 | 0001193125-26-285690 ↗ |
| 8-K | 2026-05-07 | 2026-05-07 | 0001022321-26-000014 ↗ |
| 10-Q | 2026-05-07 | 2026-03-31 | 0001022321-26-000017 ↗ |
| 8-K | 2026-03-09 | 2026-03-04 | 0001193125-26-097605 ↗ |
| 8-K | 2026-03-04 | 2026-03-04 | 0001193125-26-091667 ↗ |
| 8-K | 2026-02-24 | 2026-02-18 | 0001193125-26-067390 ↗ |
| 10-K | 2026-02-18 | 2025-12-31 | 0001022321-26-000008 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001022321-26-000003 ↗ |
| 8-K | 2025-10-30 | 2025-10-30 | 0001022321-25-000060 ↗ |
| 10-Q | 2025-10-30 | 2025-09-30 | 0001022321-25-000062 ↗ |
| 10-Q | 2025-07-31 | 2025-06-30 | 0001022321-25-000055 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001022321-25-000052 ↗ |