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Genesis Energy

DB:GE3
Snowflake Description

Good value average dividend payer.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
GE3
DB
$381M
Market Cap
  1. Home
  2. DE
  3. Energy
Company description

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The last earnings update was 32 days ago. More info.


Add to Portfolio Compare Print
  • Genesis Energy is a fund or ETF! Currently our data availability for these is poor, we only recommend using them as part of a portfolio.
  • Genesis Energy has significant price volatility in the past 3 months.
GE3 Share Price and Events
7 Day Returns
-28.7%
DB:GE3
18.1%
DE Oil and Gas
7.3%
DE Market
1 Year Returns
-86.5%
DB:GE3
21.9%
DE Oil and Gas
-17.7%
DE Market
GE3 Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Genesis Energy (GE3) -28.7% -70.2% -84.8% -86.5% -90.8% -
DE Oil and Gas 18.1% -15.9% -28.7% 21.9% -25.6% 137.4%
DE Market 7.3% -17.9% -25.8% -17.7% -25.6% -29%
1 Year Return vs Industry and Market
  • GE3 underperformed the Oil and Gas industry which returned 21.9% over the past year.
  • GE3 underperformed the Market in Germany which returned -17.7% over the past year.
Price Volatility
GE3
Industry
5yr Volatility vs Market

GE3 Value

 Is Genesis Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Genesis Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Genesis Energy.

DB:GE3 Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 4 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 10.5%
Perpetual Growth Rate 10-Year DE Government Bond Rate -0.4%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for DB:GE3
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year DE Govt Bond Rate -0.4%
Equity Risk Premium S&P Global 5.4%
Oil and Gas Unlevered Beta Simply Wall St/ S&P Global 0.81
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.808 (1 + (1- 21%) (945%))
4.913
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
2
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= -0.39% + (2 * 5.44%)
10.49%

Discounted Cash Flow Calculation for DB:GE3 using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Genesis Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

Note: Free cash flow to equity valuations ignore the company's cash or debt.

DB:GE3 DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 10.49%)
2020 187.78 Analyst x4 169.95
2021 272.47 Analyst x3 223.19
2022 303.40 Analyst x1 224.93
2023 366.00 Analyst x1 245.58
2024 391.30 Analyst x1 237.63
2025 407.64 Est @ 4.18% 224.05
2026 419.09 Est @ 2.81% 208.47
2027 426.83 Est @ 1.85% 192.16
2028 431.85 Est @ 1.18% 175.96
2029 434.90 Est @ 0.71% 160.38
Present value of next 10 years cash flows $2,062.00
DB:GE3 DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2029 × (1 + g) ÷ (Discount Rate – g)
= $434.90 × (1 + -0.39%) ÷ (10.49% – -0.39%)
$3,981.66
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $3,981.66 ÷ (1 + 10.49%)10
$1,468.37
DB:GE3 Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $2,062.00 + $1,468.37
$3,530.37
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,530.37 / 122.58
$28.8
DB:GE3 Discount to Share Price
Calculation Result
Non-primary Listing Adjustment Factor 1 share in DB:GE3 represents 0.91934x of NYSE:GEL
(This could be a different class, a depositary receipt, a different currency, or all of these things.)
0.91934x
Value per Share
(Listing Adjusted, EUR)
= Value per Share (USD) x Listing Adjustment Factor
= $ 28.80 x 0.91934
€26.48
Value per share (EUR) From above. €26.48
Current discount Discount to share price of €2.76
= -1 x (€2.76 - €26.48) / €26.48
89.6%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

Current Discount
Amount off the current price Genesis Energy is available for.
Intrinsic value
>50%
Share price is €2.76 vs Future cash flow value of €26.48
Current Discount Checks
For Genesis Energy to be considered undervalued it must be available for at least 20% below the current price. Less than 40% is even better.
  • Genesis Energy's share price is below the future cash flow value, and at a moderate discount (> 20%).
  • Genesis Energy's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Genesis Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Genesis Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
DB:GE3 PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-12-31) in USD $0.18
NYSE:GEL Share Price ** NYSE (2020-03-30) in USD $3
Europe Oil and Gas Industry PE Ratio Median Figure of 105 Publicly-Listed Oil and Gas Companies 5.67x
Germany Market PE Ratio Median Figure of 400 Publicly-Listed Companies 16.36x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Genesis Energy.

DB:GE3 PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NYSE:GEL Share Price ÷ EPS (both in USD)

= 3 ÷ 0.18

17.08x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Energy is overvalued based on earnings compared to the Europe Oil and Gas industry average.
  • Genesis Energy is overvalued based on earnings compared to the Germany market.
Price based on expected Growth
Does Genesis Energy's expected growth come at a high price?
Raw Data
DB:GE3 PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 17.08x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts
64%per year
Europe Oil and Gas Industry PEG Ratio Median Figure of 65 Publicly-Listed Oil and Gas Companies 0.17x
Germany Market PEG Ratio Median Figure of 254 Publicly-Listed Companies 1.2x

*Line of best fit is calculated by linear regression .

DB:GE3 PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 17.08x ÷ 64%

0.27x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Energy is good value based on expected growth next year.
Price based on value of assets
What value do investors place on Genesis Energy's assets?
Raw Data
DB:GE3 PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-12-31) in USD $11.71
NYSE:GEL Share Price * NYSE (2020-03-30) in USD $3
Germany Oil and Gas Industry PB Ratio Median Figure of 6 Publicly-Listed Oil and Gas Companies 0.94x
Germany Market PB Ratio Median Figure of 574 Publicly-Listed Companies 1.43x
DB:GE3 PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NYSE:GEL Share Price ÷ Book Value per Share (both in USD)

= 3 ÷ 11.71

0.26x

* Primary Listing of Genesis Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Genesis Energy is good value based on assets compared to the DE Oil and Gas industry average.
X
Value checks
We assess Genesis Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check)
  5. Genesis Energy has a total score of 4/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

GE3 Future Performance

 How is Genesis Energy expected to perform in the next 1 to 3 years based on estimates from 4 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
64%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Genesis Energy expected to grow at an attractive rate?
  • Genesis Energy's earnings growth is expected to exceed the low risk savings rate of -0.4%.
Growth vs Market Checks
  • Genesis Energy's earnings growth is expected to exceed the Germany market average.
  • Genesis Energy's revenue growth is positive but not above the Germany market average.
Annual Growth Rates Comparison
Raw Data
DB:GE3 Future Growth Rates Data Sources
Data Point Source Value (per year)
DB:GE3 Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 4 Analysts 64%
DB:GE3 Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 4 Analysts 2.5%
Europe Oil and Gas Industry Earnings Growth Rate Market Cap Weighted Average 13%
Europe Oil and Gas Industry Revenue Growth Rate Market Cap Weighted Average 2.1%
Germany Market Earnings Growth Rate Market Cap Weighted Average 14.3%
Germany Market Revenue Growth Rate Market Cap Weighted Average 4.1%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
DB:GE3 Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
DB:GE3 Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 2,606 470 68 4
2020-12-31 2,546 411 19 4
2020-03-30
DB:GE3 Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-12-31 2,481 382 22
2019-09-30 2,566 414 -25
2019-06-30 2,689 435 -42
2019-03-31 2,807 418 -69
2018-12-31 2,913 390 -76
2018-09-30 2,944 425 -34
2018-06-30 2,684 298 -15
2018-03-31 2,339 349 25
2017-12-31 2,028 324 61
2017-09-30 1,736 276 84
2017-06-30 1,710 371 115
2017-03-31 1,750 318 105

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Genesis Energy's earnings are expected to grow significantly at over 20% yearly.
  • Genesis Energy's revenue is expected to grow by 2.5% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
DB:GE3 Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (2 months ago) See Below
Future Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below

All data from Genesis Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE3 Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2024-12-31
2023-12-31
2022-12-31
2021-12-31 0.55 0.77 0.33 2.00
2020-12-31 0.15 0.25 0.06 2.00
2020-03-30
DB:GE3 Past Financials Data
Date (Data in USD Millions) EPS *
2019-12-31 0.18
2019-09-30 -0.20
2019-06-30 -0.34
2019-03-31 -0.57
2018-12-31 -0.62
2018-09-30 -0.28
2018-06-30 -0.12
2018-03-31 0.20
2017-12-31 0.50
2017-09-30 0.70
2017-06-30 0.97
2017-03-31 0.91

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Genesis Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Genesis Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the Europe market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the Europe market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Genesis Energy has a total score of 3/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

GE3 Past Performance

  How has Genesis Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Genesis Energy's growth in the last year to its industry (Oil and Gas).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Genesis Energy's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
  • Genesis Energy has become profitable in the last year making the earnings growth rate difficult to compare to the 5-year average.
  • Genesis Energy has become profitable in the last year making it difficult to compare the Europe Oil and Gas industry average.
Earnings and Revenue History
Genesis Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Genesis Energy Company Filings, last reported 2 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

DB:GE3 Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-12-31 2,480.82 21.53 53.18
2019-09-30 2,565.79 -24.96 55.47
2019-06-30 2,689.37 -41.79 64.68
2019-03-31 2,806.97 -69.48 64.80
2018-12-31 2,912.77 -75.88 64.79
2018-09-30 2,943.52 -34.09 65.12
2018-06-30 2,684.36 -15.29 60.32
2018-03-31 2,338.69 24.71 56.13
2017-12-31 2,028.38 60.65 54.43
2017-09-30 1,736.38 83.78 48.63
2017-06-30 1,710.32 115.04 40.44
2017-03-31 1,749.57 105.04 45.68
2016-12-31 1,712.49 113.25 45.63
2016-09-30 1,775.45 118.57 29.86
2016-06-30 1,887.74 449.68 45.45
2016-03-31 2,098.09 437.62 45.70
2015-12-31 2,246.53 422.53 50.00
2015-09-30 2,602.80 421.26 65.07
2015-06-30 2,994.58 87.16 52.04
2015-03-31 3,353.30 96.64 51.90
2014-12-31 3,846.16 106.20 50.69
2014-09-30 3,959.92 96.76 52.55
2014-06-30 4,086.10 85.61 50.74
2014-03-31 4,139.74 91.08 47.19
2013-12-31 4,134.83 84.00 46.79
2013-09-30 3,525.17 95.24 46.62
2013-06-30 3,476.72 108.46 45.03
2013-03-31 3,421.45 100.44 43.86

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Genesis Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Genesis Energy used its assets less efficiently than the Europe Oil and Gas industry average last year based on Return on Assets.
  • Genesis Energy has improved its use of capital last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Genesis Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Genesis Energy has a total score of 1/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

GE3 Health

 How is Genesis Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Genesis Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Genesis Energy is able to meet its short term (1 year) commitments with its holdings of cash and other short term assets.
  • Genesis Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Genesis Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Genesis Energy Company Filings, last reported 2 months ago.

DB:GE3 Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-12-31 2,397.93 3,429.24 29.13
2019-09-30 2,383.87 3,415.03 56.61
2019-06-30 2,408.36 3,433.14 9.58
2019-03-31 2,434.96 3,406.25 11.20
2018-12-31 2,482.84 3,432.46 10.30
2018-09-30 2,584.43 3,681.19 11.88
2018-06-30 2,652.20 3,764.91 7.85
2018-03-31 2,703.96 3,735.75 16.09
2017-12-31 2,759.82 3,698.12 9.04
2017-09-30 2,796.94 3,730.55 9.69
2017-06-30 2,149.84 3,027.26 10.08
2017-03-31 2,203.76 3,024.71 10.77
2016-12-31 2,120.05 3,091.37 7.03
2016-09-30 2,182.11 2,978.63 3.45
2016-06-30 1,933.48 3,215.90 8.55
2016-03-31 1,983.84 3,088.58 12.31
2015-12-31 2,020.75 2,922.05 10.90
2015-09-30 2,065.19 2,854.03 15.57
2015-06-30 1,341.49 1,685.20 8.72
2015-03-31 1,192.88 1,699.00 11.14
2014-12-31 1,229.20 1,581.29 9.46
2014-09-30 1,257.03 1,385.67 16.93
2014-06-30 1,052.42 1,542.91 14.33
2014-03-31 1,080.06 1,341.24 11.68
2013-12-31 1,097.74 1,283.57 8.87
2013-09-30 1,126.22 1,112.10 16.86
2013-06-30 886.45 1,019.94 18.67
2013-03-31 899.95 971.87 15.98
  • Genesis Energy's level of debt (143%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (128.8% vs 143% today).
  • Debt is not well covered by operating cash flow (11.1%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 1.2x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Genesis Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Genesis Energy has a total score of 1/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

GE3 Dividends

 What is Genesis Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
73.33%
Current annual income from Genesis Energy dividends. Estimated to be 36.11% next year.
If you bought €2,000 of Genesis Energy shares you are expected to receive €1,467 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Genesis Energy's pays a higher dividend yield than the bottom 25% of dividend payers in Germany (1.7%).
  • Genesis Energy's dividend is above the markets top 25% of dividend payers in Germany (4.97%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
DB:GE3 Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 4 Analyst Estimates (S&P Global) See Below
Europe Oil and Gas Industry Average Dividend Yield Market Cap Weighted Average of 68 Stocks 9.1%
Germany Market Average Dividend Yield Market Cap Weighted Average of 323 Stocks 3.9%
Germany Minimum Threshold Dividend Yield 10th Percentile 1%
Germany Bottom 25% Dividend Yield 25th Percentile 1.7%
Germany Top 25% Dividend Yield 75th Percentile 5%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

DB:GE3 Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2024-12-31 0.60 1.00
2023-12-31 0.60 1.00
2022-12-31 0.85 2.00
2021-12-31 1.19 7.00
2020-12-31 1.19 7.00
2020-03-30
DB:GE3 Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2020-01-09 2.200 24.889
2019-10-09 2.200 10.984
2019-07-10 2.200 10.149
2019-04-12 2.200 9.950
2019-01-10 2.200 10.029
2018-10-11 2.160 9.906
2018-07-17 2.120 8.885
2018-04-11 2.080 9.458
2018-02-26 2.453 12.224
2018-02-15 2.453 11.941
2017-07-12 2.890 11.686
2017-04-11 2.880 9.285
2017-01-12 2.840 8.292
2016-10-05 2.800 8.015
2016-07-07 2.760 7.559
2016-04-13 2.690 7.542
2016-01-07 2.620 9.559
2015-10-07 2.560 6.721
2015-07-07 2.500 5.829
2015-04-07 2.440 5.191
2015-01-06 2.380 5.349
2014-10-08 2.320 5.147
2014-07-10 2.260 4.194
2014-04-09 2.200 3.978
2014-01-10 2.140 3.952
2013-10-09 2.090 4.107
2013-07-10 2.040 4.076
2013-04-10 1.990 3.974
2013-01-10 1.940 4.453
2012-10-10 1.890 5.520
2012-07-09 1.840 5.751
2012-04-11 1.800 6.111
2012-01-11 1.760 5.811
2011-10-12 1.710 6.460
2011-07-13 1.660 6.765
2011-04-11 1.630 5.940
2011-01-12 1.600 5.790
2010-10-13 1.550 6.174
2010-07-13 1.500 6.917
2010-04-14 1.470 7.767
2010-01-14 1.440 7.180
2009-10-13 1.410 8.004
2009-07-15 1.380 8.950
2009-04-07 1.350 10.939

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been volatile in the past 10 years (annual drop of over 20%).
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Genesis Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are not well covered by earnings (0.1x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.3x coverage).
X
Income/ dividend checks
We assess Genesis Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 1%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Genesis Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Genesis Energy has a total score of 4/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

GE3 Management

 What is the CEO of Genesis Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Grant Sims
COMPENSATION $737,176
AGE 63
TENURE AS CEO 13.6 years
CEO Bio

Dr. Grant E. Sims has been the Chief Executive Officer of Genesis Energy LLC, the General Partner of Genesis Energy, L.P. since August 2006. Dr. Sims serves as the Chief Executive Officer of Genesis Marine, LLC. He served as the Chief Executive Officer of Enterprise GTM Holdings L.P. until September 30, 1999. He served as a Senior Vice President of DeepTech International Inc. since December 1992. He served as the Chief Executive Officer of Leviathan Gas Pipeline Company (Also known as El Paso Energy Partners, L.P. and then GulfTerra Energy Partners, L.P.), a subsidiary of DeepTech since June 1995. He served as the President of Leviathan from March 1994 to June 1995. He served as an Independent Consultant with clients ranging from United Gas Pipe Line Company to Donaldson, Lufkin & Jenrette Securities Corporation following a ten year career at Transco Energy Company, where he directed Transco's non-jurisdictional gas activities. He served with Leviathan Gas Pipeline Partners, L.P. from 1992 to 1999. He has been the Chairman of Genesis Energy LLC since October 2012 and also has been its Director since August 2006. He served as an Independent Director at WildHorse Resource Development Corporation since February 10, 2017 until February 01, 2019. He served as a Director at Texas Capital Bank, N.A. from May 15, 2012 to January 12, 2015. He served as a Director of Texas Capital BancShares, Inc. from May 2012 to January 12, 2015. He served as a Director of DeepTech International Inc. since July 1993. He served as a Director of Leviathan Gas Pipeline Company since July 1994. He has an established track record of developing strong companies and has led his companies through a period of substantial growth while increasing geographic and operational diversity. Dr. Sims received a B.A. and Ph.D. in Economics from Texas A&M University.

CEO Compensation
  • Grant's compensation has been consistent with company performance over the past year, both up more than 20%.
  • Grant's remuneration is about average for companies of similar size in Germany.
Management Team Tenure

Average tenure and age of the Genesis Energy management team in years:

6.4
Average Tenure
58
Average Age
  • The average tenure for the Genesis Energy management team is over 5 years, this suggests they are a seasoned and experienced team.
Management Team

Grant Sims

TITLE
Chairman & CEO of Genesis Energy LLC
COMPENSATION
$737K
AGE
63
TENURE
13.6 yrs

Bob Deere

TITLE
Chief Financial Officer of Genesis Energy LLC
COMPENSATION
$531K
AGE
64
TENURE
11.4 yrs

Ed Flynn

TITLE
Executive Vice President of Genesis Energy LLC
COMPENSATION
$2M
AGE
61

Rick Alexander

TITLE
Vice President of Genesis Energy LLC
COMPENSATION
$671K
AGE
43
TENURE
5.3 yrs

Chad Landry

TITLE
Vice President of Genesis Energy LLC
COMPENSATION
$595K
AGE
55
TENURE
6.4 yrs

Dwayne Morley

TITLE
Vice President of Business Development & Investor Relations - Genesis Energy LLC
AGE
37
TENURE
1 yrs

Kristen Jesulaitis

TITLE
Executive Officer & General Counsel of Genesis Energy LLC
AGE
49
TENURE
8.7 yrs

Ryan Sims

TITLE
Senior Vice President of Finance & Corporate Development - Genesis Energy LLC
AGE
35
TENURE
3.2 yrs

Garland Gaspard

TITLE
Senior Vice President of Genesis Energy LLC
AGE
64
TENURE
3.2 yrs

Karen Pape

TITLE
Senior VP & Controller of Genesis Energy LLC
COMPENSATION
$579K
AGE
61
TENURE
23.3 yrs
Board of Directors Tenure

Average tenure and age of the Genesis Energy board of directors in years:

7.4
Average Tenure
67
Average Age
  • The tenure for the Genesis Energy board of directors is about average.
Board of Directors

Kenny Jastrow

TITLE
Lead Independent Director of Genesis Energy LLC
COMPENSATION
$236K
AGE
71
TENURE
7.4 yrs

Grant Sims

TITLE
Chairman & CEO of Genesis Energy LLC
COMPENSATION
$737K
AGE
63
TENURE
7.4 yrs

Sharilyn Gasaway

TITLE
Independent Director of Genesis Energy LLC
COMPENSATION
$246K
AGE
50
TENURE
10 yrs

James Davison

TITLE
Director of Genesis Energy LLC
COMPENSATION
$208K
AGE
81
TENURE
12.7 yrs

James Davison

TITLE
Director of Genesis Energy LLC
COMPENSATION
$208K
AGE
52
TENURE
12.7 yrs

Conrad Albert

TITLE
Independent Director of Genesis Energy LLC
COMPENSATION
$221K
AGE
73
TENURE
6.7 yrs

Jack Taylor

TITLE
Independent Director of Genesis Energy LLC
COMPENSATION
$223K
AGE
67
TENURE
6.7 yrs
Who owns this company?
Recent Insider Trading
  • More shares have been bought than sold by Genesis Energy individual insiders in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price (€) Value (€)
18. Mar 20 Buy James Davison Individual 18. Mar 20 18. Mar 20 100,000 €3.22 €321,908
12. Mar 20 Buy Kristen Jesulaitis Individual 12. Mar 20 12. Mar 20 10,000 €4.32 €43,189
12. Mar 20 Buy William Goloway Individual 12. Mar 20 12. Mar 20 10,000 €4.68 €46,812
10. Mar 20 Buy James Davison Individual 09. Mar 20 09. Mar 20 72,670 €5.36 €389,498
10. Mar 20 Buy Kristen Jesulaitis Individual 10. Mar 20 10. Mar 20 20,000 €4.42 €88,300
09. Mar 20 Buy James Davison Individual 06. Mar 20 06. Mar 20 27,330 €7.64 €208,832
09. Mar 20 Buy Edward Flynn Individual 06. Mar 20 06. Mar 20 11,500 €7.72 €88,760
05. Mar 20 Buy Kristen Jesulaitis Individual 05. Mar 20 05. Mar 20 10,000 €8.32 €83,231
03. Mar 20 Buy James Davison Individual 28. Feb 20 28. Feb 20 50,000 €9.02 €444,189
03. Mar 20 Buy Garland Gaspard Individual 03. Mar 20 03. Mar 20 6,573 €9.55 €62,757
03. Mar 20 Sell Richard Alexander Individual 28. Feb 20 28. Feb 20 -2,000 €8.47 €-16,949
03. Mar 20 Buy Richard Alexander Individual 28. Feb 20 28. Feb 20 2,000 €8.85 €17,695
28. Feb 20 Buy Kristen Jesulaitis Individual 27. Feb 20 27. Feb 20 10,000 €9.03 €90,290
28. Feb 20 Buy Sharilyn Gasaway Individual 27. Feb 20 27. Feb 20 10,000 €8.43 €84,262
27. Feb 20 Buy Jack Taylor Individual 27. Feb 20 27. Feb 20 20,000 €9.14 €182,767
27. Feb 20 Buy Chad Landry Individual 26. Feb 20 26. Feb 20 10,000 €10.11 €101,123
27. Feb 20 Buy Ryan Sims Individual 26. Feb 20 26. Feb 20 2,000 €10.19 €20,372
24. Feb 20 Buy Ryan Sims Individual 21. Feb 20 21. Feb 20 3,000 €13.64 €40,921
24. Feb 20 Buy Edward Flynn Individual 21. Feb 20 21. Feb 20 10,584 €13.47 €142,549
25. Nov 19 Buy Kenneth Jastrow Individual 22. Nov 19 25. Nov 19 50,000 €17.42 €860,973
27. Aug 19 Buy Edward Flynn Individual 26. Aug 19 26. Aug 19 5,000 €18.10 €90,520
13. Aug 19 Buy Kristen Jesulaitis Individual 12. Aug 19 12. Aug 19 5,000 €17.79 €88,956
12. Aug 19 Buy Ryan Sims Individual 12. Aug 19 12. Aug 19 3,000 €17.76 €53,294
13. May 19 Buy Kenneth Jastrow Individual 09. May 19 10. May 19 50,000 €19.33 €958,027
09. May 19 Buy Ryan Sims Individual 09. May 19 09. May 19 4,000 €18.70 €74,794
07. May 19 Buy Edward Flynn Individual 03. May 19 03. May 19 15,700 €19.41 €304,793
X
Management checks
We assess Genesis Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Genesis Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

GE3 News

Simply Wall St News

GE3 Company Info

Description

Genesis Energy, L.P. operates in the midstream segment of the crude oil and natural gas industry. The company’s Offshore Pipeline Transportation segment engages in offshore crude oil and natural gas pipeline transportation and handling operations; and in the deep water pipeline servicing in the southern Keathley Canyon area of the Gulf of Mexico. This segment owns interests in approximately 1,422 miles of crude oil pipelines located offshore in the Gulf of Mexico. Its Sodium Minerals and Sulfur Services segment provides sulfur-extraction services to refining operations; and operates storage and transportation assets. This segment provides services to 10 refining operations; and sells sodium hydrosulfide and caustic soda to industrial and commercial companies involved in the mining of base metals. The company’s Onshore Facilities and Transportation segment provides onshore facilities and transportation services to Gulf Coast crude oil refineries and producers by purchasing, transporting, storing, blending, and marketing crude oil and refined products. It operates a suite of approximately 200 trucks, 300 trailers, 397 railcars, and terminals and tankage with 4.3 million barrels of storage capacity in various locations along the Gulf Coast. This segment also transports crude oil and carbon dioxide (CO2). It owns four onshore crude oil pipeline systems with approximately 460 miles of pipe located primarily in Alabama, Florida, Louisiana, Mississippi, and Texas; and two CO2 pipelines with approximately 269 miles of pipe. Its Marine Transportation segment offers waterborne transportation of petroleum products and crude oil in North America. This segment owns a fleet of 91 barges with a combined transportation capacity of 3.2 million barrels; and 42 push/tow boats. In addition, the company produces natural soda ash. Genesis Energy, LLC serves as a general partner of the company. The company was founded in 1996 and is headquartered in Houston, Texas.

Details
Name: Genesis Energy, L.P.
GE3
Exchange: DB
Founded: 1996
$343,823,551
122,579,218
Website: http://www.genesisenergy.com
Address: Genesis Energy, L.P.
919 Milam,
Suite 2100,
Houston,
Texas, 77002,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NYSE GEL Class A Common Units New York Stock Exchange US USD 27. Nov 1996
DB GE3 Class A Common Units Deutsche Boerse AG DE EUR 27. Nov 1996
Number of employees
Current staff
Staff numbers
2,177
Genesis Energy employees.
Industry
Oil and Gas Storage and Transportation
Energy
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2020/03/30 22:00
End of day share price update: 2020/03/30 00:00
Last estimates confirmation: 2020/03/30
Last earnings filing: 2020/02/27
Last earnings reported: 2019/12/31
Last annual earnings reported: 2019/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.