Genesis Energy, L.P. (GEL) Income Statement
GEL 2025 at a glance
Fiscal year ended December 31, 2025 · U.S. dollarsGEL revenue and net income
Where GEL's revenue goes
2025Each bar shows an amount and its share of revenue. GEL kept −0.5% of revenue as net income.
GEL profit margins
GEL growth rates
to 2025| 1 year | 3 years | 5 years | 10 years | |
|---|---|---|---|---|
| Revenue | −45.0% | −16.4% | −2.2% | −3.2% |
| Gross profit | +9.2% | −18.6% | −3.4% | +4.5% |
| Operating income | +21.2% | −6.4% | — | +5.1% |
| Net income | — | — | — | — |
| EPS (diluted) | — | — | — | — |
1-year change and average annual growth (CAGR) over 3, 5 and 10 fiscal years. "—" when a starting value was zero or negative.
GEL quarterly EPS vs estimates
Genesis Energy beat the analyst EPS estimate in 1 of the last 8 quarters. Next report: November 5, 2026 (estimate $-0.18).
GEL income statement
| 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $1.63B | $2.97B | $3.18B | $2.79B | $2.13B | $1.82B | $2.48B | $2.91B | $2.03B | $1.71B |
| Cost of revenue | $1.29B | $2.65B | $2.78B | $2.15B | $1.99B | $1.42B | $2.16B | $2.59B | $1.78B | $1.46B |
| Gross profit | $344.5M | $315.5M | $395.2M | $637.8M | $136.9M | $409.2M | $325.4M | $321.2M | $246.7M | $252.1M |
| Research & development | — | — | — | — | — | — | — | $0 | $0 | $0 |
| Sales, general & admin | $86.3M | $59.4M | $65.9M | $66.6M | $61.2M | $57.3M | $52.7M | $66.9M | $66.4M | $45.6M |
| Total operating expenses | $86.3M | $102.4M | $65.8M | $322.8M | $61.2M | $655.1M | $52.7M | $66.9M | $66.4M | $45.6M |
| Operating income | $258.2M | $213.1M | $329.4M | $315.0M | $75.7M | −$246.0M | $272.7M | $170.2M | $220.6M | $206.4M |
| Interest income | $217.1M | $228.9M | $178.5M | $171.9M | $175.8M | $145.8M | $172.0M | $177.2M | $125.7M | $92.0M |
| Interest expense | $264.7M | $287.2M | $244.7M | $226.2M | $233.7M | $209.8M | $219.4M | $229.2M | $176.8M | $139.9M |
| Income before taxes | $31.3M | −$31.2M | $146.3M | $132.3M | −$136.4M | −$399.0M | $100.7M | −$10.3M | $78.1M | $114.4M |
| Income taxes | $806,000 | $1.8M | −$19,000 | $3.2M | $1.7M | $1.3M | $655,000 | $1.5M | −$4.0M | $3.3M |
| Net income | −$8.2M | −$63.9M | $117.7M | $75.5M | −$165.1M | −$416.7M | $96.0M | −$6.1M | $82.6M | $113.2M |
| EBITDA | $547.0M | $557.3M | $661.6M | $571.2M | $407.1M | $351.8M | $639.1M | $530.8M | $506.0M | $424.7M |
| EPS (diluted) | −$4.19 | −$1.24 | $0.22 | −$0.03 | −$1.95 | −$2.96 | $0.63 | $1.23 | $0.83 | $1.01 |
| Gross margin | 21.1% | 10.6% | 12.4% | 22.9% | 6.4% | 22.4% | 13.1% | 11.0% | 12.2% | 14.7% |
| Operating margin | 15.8% | 7.2% | 10.4% | 11.3% | 3.6% | −13.5% | 11.0% | 5.8% | 10.9% | 12.1% |
| Net margin | −0.5% | −2.2% | 3.7% | 2.7% | −7.8% | −22.8% | 3.9% | −0.2% | 4.1% | 6.6% |
| Jun '26 | Mar '26 | Dec '25 | Sep '25 | Jun '25 | Mar '25 | Dec '24 | Sep '24 | Jun '24 | Mar '24 | Dec '23 | Sep '23 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $532.0M | $446.6M | $440.8M | $414.0M | $377.3M | $398.3M | $725.6M | $714.3M | $430.2M | $434.4M | $774.1M | $807.6M |
| Cost of revenue | $361.4M | $352.4M | $335.2M | $320.1M | $294.9M | $335.7M | $639.6M | $649.0M | $362.1M | $361.7M | $691.0M | $679.2M |
| Gross profit | $170.6M | $94.1M | $105.6M | $93.9M | $82.5M | $62.6M | $85.9M | $65.3M | $68.1M | $72.8M | $83.1M | $128.5M |
| Sales, general & admin | $19.4M | $17.5M | $15.7M | $15.3M | $14.7M | $40.6M | $10.8M | $15.0M | $18.3M | $14.7M | $17.5M | $16.8M |
| Total operating expenses | $65.1M | $14.4M | $15.7M | $15.0M | $14.7M | $40.6M | $53.8M | $15.0M | $18.3M | $14.7M | $17.5M | $16.8M |
| Operating income | $105.4M | $79.7M | $89.9M | $78.6M | $67.7M | $22.0M | $32.1M | $50.2M | $49.8M | $58.1M | $65.6M | $111.7M |
| Interest income | — | — | $55.6M | $55.6M | $48.4M | $57.5M | $57.6M | $60.4M | — | — | — | — |
| Interest expense | $67.0M | $68.0M | $67.5M | $66.4M | $60.8M | $70.0M | $75.6M | $65.7M | $64.5M | $62.3M | $60.6M | $61.6M |
| Income before taxes | $56.8M | $19.3M | $34.3M | $23.0M | $10.4M | −$36.4M | −$39.5M | −$10.1M | −$4.0M | $12.2M | $18.7M | $67.4M |
| Income taxes | $209,000 | $112,000 | $64,000 | $253,000 | $345,000 | $144,000 | $1.8M | −$846,000 | −$11,000 | $809,000 | −$1.8M | $574,000 |
| Net income | $42.9M | $6.8M | $19.9M | $9.2M | −$406,000 | −$469.1M | −$49.4M | −$17.2M | −$8.7M | $11.4M | $11.9M | $58.1M |
| EBITDA | $184.7M | $148.4M | $164.8M | $146.5M | $125.6M | $108.7M | $116.7M | $139.6M | $134.0M | $144.4M | $150.3M | $193.8M |
| EPS (diluted) | $0.26 | −$0.06 | $0.04 | −$0.05 | −$0.12 | −$4.06 | −$0.58 | −$0.32 | −$0.25 | −$0.09 | −$0.08 | $0.29 |
| Gross margin | 32.1% | 21.1% | 24.0% | 22.7% | 21.9% | 15.7% | 11.8% | 9.1% | 15.8% | 16.7% | 10.7% | 15.9% |
| Operating margin | 19.8% | 17.9% | 20.4% | 19.0% | 17.9% | 5.5% | 4.4% | 7.0% | 11.6% | 13.4% | 8.5% | 13.8% |
| Net margin | 8.1% | 1.5% | 4.5% | 2.2% | −0.1% | −117.8% | −6.8% | −2.4% | −2.0% | 2.6% | 1.5% | 7.2% |
Quarterly columns are labeled by the month the quarter ended. Figures in U.S. dollars as reported in GEL's financial statements (latest annual report filed February 18, 2026); data from EODHD. Sales, general & administrative expenses include sales and marketing.
GEL financial results
In fiscal year 2025 (ended December 31, 2025), Genesis Energy reported revenue of $1.6 billion, down 45.0% from the year before. It had a net loss of $8.2 million, a net profit margin of −0.5%. Diluted earnings per share came to −$4.19. Over five years revenue grew at an average rate of −2.2% a year.
See the GEL stock overview for the latest quote and news, or the GEL chart for price history and technical indicators.
GEL income statement FAQ
What is Genesis Energy's annual revenue?
Genesis Energy reported total revenue of $1.6 billion for fiscal year 2025, which ended on December 31, 2025. That was down 45.0% from $3.0 billion the previous year.
Is Genesis Energy profitable?
No. Genesis Energy reported a net loss of $8.2 million in fiscal 2025, a net profit margin of −0.5%; its operating margin was 15.8%.
What is Genesis Energy's gross margin?
Genesis Energy's gross margin was 21.1% in fiscal 2025: for every $100 of revenue, Genesis Energy kept $21 after the direct cost of its products and services.
How fast is Genesis Energy growing?
Revenue grew −2.2% a year on average over the last five fiscal years, from $1.8 billion to $1.6 billion.
What are Genesis Energy's earnings per share?
Genesis Energy earned $-4.19 per diluted share in fiscal 2025, compared with $-1.24 a year earlier.
When will Genesis Energy report its next earnings?
Genesis Energy is expected to report results for the quarter ending September 30, 2026 on November 5, 2026 before the market opens.
When does Genesis Energy's fiscal year end?
Genesis Energy's fiscal year ends in December. The latest annual report covers the year ended December 31, 2025 and was filed on February 18, 2026.