Genesis Energy LP (GEL) intrinsic value & 10-year financials
Genesis Energy LP (GEL) has a Graham intrinsic value of $1.41 per share. At $14.24 on Oct 17, 2026, the stock trades 910% above that value. Over the last 10 fiscal years revenue shrank 0.5% a year to $1.6B.
- Graham intrinsic value
- $1.41
- Share price (Oct 17, 2026)
- $14.24
- Price vs Graham value
- 910% above
- Market cap
- $1.7B
- Revenue (FY2025)
- $1.6B
- Revenue growth (10-yr CAGR)
- -0.5%
- Free cash flow (FY2025)
- $65.9M
GEL 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $1.6B | -$440.4M | -$4.19 | $65.9M | 15.8% | — |
| FY2024 | $3.0B | -$63.9M | -$1.24 | -$195.2M | 7.2% | — |
| FY2023 | $3.2B | $117.7M | $0.22 | -$98.9M | 10.4% | — |
| FY2022 | $2.8B | $75.5M | -$0.04 | -$89.8M | 11.3% | — |
| FY2021 | $2.1B | -$165.1M | -$1.96 | $36.6M | 3.6% | — |
| FY2020 | $1.8B | -$416.7M | -$4.01 | $152.6M | -13.5% | — |
| FY2019 | $2.5B | $96.0M | $0.18 | $219.0M | 11.0% | — |
| FY2018 | $2.9B | -$6.1M | — | $194.7M | 5.8% | — |
| FY2017 | $2.0B | $82.6M | — | $88.3M | 10.9% | — |
| FY2016 | $1.7B | $113.2M | — | -$164.8M | 12.1% | — |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
GENESIS ENERGY LP is facing top-line stagnation, with revenue contracting over the decade.
GENESIS ENERGY LP 10-year average ROIC is N/A; capital efficiency cannot be assessed from the available history.
GENESIS ENERGY LP has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, GENESIS ENERGY LP is modeled at -0.5% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $1.41 per share.