GENESIS ENERGY LP
boothcheck covers GENESIS ENERGY LP (GEL) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed July 26, 2026.
• The offshore construction program is finished, and the clearest evidence sits in the revolver: 6.4 million dollars drawn at the end of December 2025 against 291.0 million a year earlier. • The defining structural risk is contractual rather than competitive, because the partnership's life-of-lease offshore dedications reprice downward at their ten-year anniversaries, and one such step-down helped cut offshore segment margin 18% during 2024. • Management has guided full-year 2026 Adjusted EBITDA
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119 institutional managers reported holding GEL in 13F filings for the quarter ended 2026-03-31. Together they hold about 73% of the company; the top 10 hold 60%. 13 opened new positions that quarter. Held by Invesco, Goldman Sachs, Morgan Stanley, among others. On the short side, 3.1M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (9.8 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
GEL's share count is about flat over the past five years ($1.04M of repurchases, offset by issuance). It pays no dividend. Cash returned over the past three years: $1.04M in repurchases.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Open-market insider buys at GEL over the trailing three years: 2023: 3 buys totaling $204k; 2024: 3 buys totaling $59k; 2025: 2 buys totaling $93k. 8 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
GEL's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2023-02-25 | -0.9% | -3.6% |
| 2023-05-05 | -4.8% | -3.2% |
| 2023-08-04 | -11.8% | +19.6% |
| 2023-11-03 | +3.8% | +2.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
GEL's latest 8-K filings: 2026-08-06 (items 2.02, 9.01); 2026-06-26 (items 5.02); 2026-05-07 (items 2.02, 9.01); 2026-03-09 (items 1.01, 1.02, 2.03); 2026-03-04 (items 1.01, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: July 26, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.