Genesis Energy LP (GEL) financial statements
Genesis Energy LP reported revenue of $1.6B in fiscal 2025, down 0.5% a year over 9 years.
Net income was -$440M and the operating margin 15.8%, against 12.1% in 2016.
Free cash flow was $66M.
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Genesis Energy LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.7B | $2.0B | $2.9B | $2.5B | $1.8B | $2.1B | $2.8B | $1.7B | $1.7B | $1.6B |
| Selling, general and admin | $46M | $66M | $67M | $53M | $57M | $61M | $67M | $65M | $58M | $86M |
| Operating income | $206M | $221M | $170M | $273M | -$246M | $76M | $315M | $205M | $170M | $258M |
| Interest expense | — | — | — | — | — | — | -$226M | -$245M | -$287M | — |
| Pre-tax income | $114M | $78M | -$10M | $101M | -$399M | — | — | $48M | -$49M | $31M |
| Income tax | $3M | -$4M | $1M | $655,000 | $1M | $2M | $3M | $456,000 | $2M | $806,000 |
| Net income | $113M | $83M | -$6M | $96M | -$417M | -$165M | $75M | $118M | -$64M | -$440M |
| EPS (diluted) | — | — | — | $0.18 | -$4.01 | -$1.96 | -$0.04 | $0.22 | -$1.24 | -$4.19 |
| Diluted shares | — | — | — | 123M | 123M | 123M | 123M | 123M | 122M | 122M |
| Operating margin | 12.1% | 10.9% | 5.8% | 11.0% | -13.5% | 3.6% | 11.3% | 11.9% | 10.2% | 15.8% |
| Net margin | 6.6% | 4.1% | -0.2% | 3.9% | -22.8% | -7.8% | 2.7% | 6.8% | -3.9% | -27.0% |
Balance sheet
Fiscal years, from Genesis Energy LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $7M | $9M | $10M | $29M | $21M | $20M | $8M | $9M | $7M | $6M |
| Receivables | $225M | $495M | $323M | $417M | $392M | $400M | $722M | $760M | $480M | $608M |
| Inventory | $99M | $89M | $74M | $65M | $100M | $78M | $78M | $135M | $38M | $55M |
| Total current assets | $360M | $636M | $443M | $593M | $580M | $542M | $853M | $964M | $912M | $687M |
| Property, plant and equipment | $4.2B | $4.9B | $4.4B | $4.3B | $3.9B | $3.9B | $4.1B | $4.5B | $3.5B | $3.5B |
| Goodwill | $325M | $325M | $302M | $302M | $302M | $302M | $302M | $302M | $302M | $302M |
| Total assets | $5.7B | $7.1B | $6.5B | $6.6B | $5.9B | $5.9B | $6.4B | $7.0B | $7.0B | $4.9B |
| Total current liabilities | $261M | $456M | $333M | $415M | $383M | $497M | $709M | $967M | $859M | $700M |
| Long-term debt | $3.1B | $3.7B | $3.4B | $3.4B | — | — | — | — | — | — |
| Total liabilities | $3.6B | $4.4B | $4.0B | $4.3B | $4.2B | $3.9B | $4.6B | $5.3B | $5.5B | $4.2B |
| Net debt | $3.1B | $3.7B | $3.4B | $3.4B | -$21M | -$20M | -$8M | -$9M | -$7M | -$6M |
Cash flow
Fiscal years, from Genesis Energy LP's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $283M | $324M | $390M | $382M | $297M | $338M | $334M | $521M | $392M | $253M |
| Capital spending | $463M | $251M | $195M | $163M | $144M | $301M | $424M | $620M | $587M | $187M |
| Free cash flow | -$180M | $73M | $195M | $219M | $153M | $37M | -$90M | -$99M | -$195M | $66M |
| Stock-based compensation | $7M | -$6M | $4M | $8M | -$4M | $9M | $18M | $25M | $5M | $15M |
| Share buybacks (net) | — | — | — | — | — | $0 | $0 | -$1M | $0 | $0 |
| Net borrowing | $0 | $0 | — | — | — | — | — | — | — | — |
| Free cash flow margin | -10.5% | 3.6% | 6.7% | 8.8% | 8.4% | 1.7% | -3.2% | -5.7% | -11.8% | 4.0% |
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Open GEL in InvestinglyQuestions
What was Genesis Energy LP's revenue in 2025?
$1.6B in fiscal 2025, from its 10-K filing.
How much free cash flow does Genesis Energy LP generate?
$66M in fiscal 2025 (operating cash flow minus capital spending).
From Genesis Energy LP's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.