Stocks
ETFs
Options
Commodities
Crypto
Currency
Pro Newsletters
Research Tools
Daily Feeds
Calendars
Economic Indicators
Class Actions
Calculators
Education
About Us
Working with TipRanks
Follow Us
Genesis Energy LP (GEL)
NYSE:GEL
Holding GEL?
Track your performance easily
Earnings Data
Report Date
Feb 19, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
-$0.31Last Year’s EPS
-$0.08Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
---
Earnings Call Summary
Earnings Call Date:Oct 31, 2024
|% Change Since: -21.41%
|Next Earnings Date:Feb 19, 2025
Earnings Call Sentiment|Neutral
The earnings call highlighted future growth prospects and operational improvements slated for 2025 and beyond. However, the significant challenges faced in 2024, including operational issues in the Offshore segment, a challenging soda ash market, and increased leverage, weighed heavily on the company's current performance.Company Guidance
During the earnings call for Genesis Energy's third quarter of 2024, CEO Grant Sims provided guidance indicating that the year has been challenging due to unforeseen operational disruptions and external factors. Despite a lower-than-expected financial performance in the first three quarters, Sims expressed confidence in a turnaround starting in the latter half of 2025. He highlighted Genesis' strategy to optimize costs and improve efficiency, particularly in the Soda and Sulfur Services segment, which has been affected by macroeconomic pressures and technical production issues. The company anticipates growth in adjusted EBITDA for 2025 over 2024, driven by new offshore developments and improved performance across its segments. Sims also reaffirmed the company's commitment to becoming cash flow positive next year, enhancing financial flexibility, and focusing on capital allocation. He emphasized the lack of immediate plans for growth capital projects, projecting a sustainable increase in adjusted EBITDA beyond 2025.Positive Outlook for 2025
Genesis Energy expects meaningful growth in financial performance starting mid-2025, driven by new offshore developments and improvements in Marine and Onshore Facilities segments.
Marine Transportation Segment Performance
The Marine Transportation segment operated at near 100% utilization, with expectations for strong day rates and a potential 10% year-over-year improvement in 2025.
Offshore Expansion Projects on Schedule
The offshore expansion project remains on schedule, with major developments expected to come online in the second quarter of 2025, potentially leading to increased production capacity.
---
GEL Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
---
GEL Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 31, 2024 | $12.72 | $11.31 | -11.08% |
| Aug 01, 2024 | $13.76 | $13.30 | -3.34% |
| May 02, 2024 | $11.50 | $11.96 | +4.00% |
| Feb 15, 2024 | $10.52 | $10.65 | +1.24% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
---
FAQ
When does Genesis Energy LP (GEL) report earnings?
Genesis Energy LP (GEL) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Genesis Energy LP (GEL) earnings time?
Genesis Energy LP (GEL) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is GEL EPS forecast?
GEL EPS forecast for the fiscal quarter 2024 (Q4) is -$0.31.
---