GENESIS ENERGY LP financial statements

Income statement, balance sheet and cash flow statement for the last 10 fiscal years, taken from the XBRL data GENESIS ENERGY LP files with the SEC in its annual reports.

In USD millions, except per-share amounts. Outflows in the cash flow statement are negative.

Income statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Revenue	1,712	2,028	2,913	2,481	1,825	2,125	2,789	1,721	1,661	1,630
General and administrative	45.6	66.4	66.9	52.7	56.9	61.2	66.6	64.6	58.3	86.3
Operating income	206	221	170	273	-246	75.7	315	205	170	258
Interest expense							-226	-245	-287
Other non-operating income	0	-16.7	5.02	-9.03	-7.27	-36.2	-10.8	-4.63	-15.4	-9.78
Pre-tax income	114	78.1	-10.3	101	-399			47.6	-49	31.3
Income tax	3.34	-3.96	1.5	0.66	1.33	1.67	3.17	0.46	1.77	0.81
Net income to minority interests	-2.17	-0.57	-5.72	1.83	0.25	1.64	23.2
Net income	113	82.6	-6.08	96	-417	-165	75.5	118	-63.9	-440
EBITDA	429	473	483	593	49.4	385	611	485	483	509
EPS, basic				0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19
EPS, diluted				0.18	-4.01	-1.96	-0.04	0.22	-1.24	-4.19
Shares, basic (weighted)				123	123	123	123	123	122	122
Shares, diluted (weighted)				123	123	123	123	123	122	122

Balance sheet

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Cash and equivalents	7.03	9.04	10.3	29.1	21.3	20	7.93	9.23	7.35	6.44
Receivables	225	495	323	417	392	400	722	760	480	608
Inventory	98.6	88.7	73.5	65.1	99.9	78	78.1	135	37.8	55.4
Other current assets	29.3	42.9	36	54.5	60.8	39.2	26.8	41.2	18.8	17.4
Total current assets	360	636	443	593	580	542	853	964	912	687
Property, plant and equipment	4,215	4,866	4,417	4,294	3,851	3,912	4,097	4,528	3,540	3,465
Lease right-of-use assets			0	177	154	141	125	240	65.7	57.7
Goodwill	325	325	302	302	302	302	302	302	302	302
Intangible assets	205	182	163	139	129	127	127	142	85.3	75.6
Other non-current assets	56.6	56.6	122	94.1	45.8	38.3	32.2	38.2	53.6	54
Total assets	5,703	7,137	6,479	6,598	5,934	5,906	6,366	7,019	7,038	4,861
Accounts payable	120	271	127	219	198	264	428	589	388	491
Accrued liabilities	141	185	206	197	185	233	281	379	254	209
Deferred revenue			0	2.9	2.99	2.62	2.09	11.5	41.6	27
Short-term debt										0
Total current liabilities	261	456	333	415	383	497	709	967	859	700
Long-term debt	3,091	3,698	3,432	3,429
Lease liabilities				145	132	122	114	215	70.5	62.4
Other non-current liabilities	204	257	259	394	393	435	401	570	389	389
Total liabilities	3,583	4,423	4,037	4,251	4,183	3,926	4,591	5,308	5,522	4,153
Total debt	3,091	3,698	3,432	3,429	3,394	2,980	3,464	3,764	3,728	3,047
Other comprehensive income	0	-0.6	0.94	-8.43	-9.37	-5.61	6.11	8.04	9.49	0
Total liabilities and equity	5,703	7,137	6,479	6,598	5,934	5,906	6,366	7,019	7,038	4,861

Cash flow statement

	FY2016	FY2017	FY2018	FY2019	FY2020	FY2021	FY2022	FY2023	FY2024	FY2025
Net income	111	82.1	-11.8	100	-400	-138	129	146	-33	-393
Depreciation and amortization	222	252	313	320	295	310	296	280	313	251
Stock-based compensation	6.56	-5.78	3.94	8.5	-3.69	8.78	17.8	25.4	5.23	15.3
Deferred income tax	2.14	-4.06	0.69	0.06	0.68	0.98	2.35	-0.38	0.75	0.57
Change in receivables	-9.86	-141	131	-80.1	88.1	-75.2	-262	159	17.5	-121
Change in inventory	-54.4	49.1	21	7.66	-34.7	20.4	2.09	-37.6	38.8	-23
Change in payables	-17.4	97.6	-131	81.9	-9.74	44.1	152	-135	0.43	105
Cash from operations	283	324	390	382	297	338	334	521	392	253
Capital expenditures	-463	-251	-195	-163	-144	-301	-424	-620	-587	-187
Acquisitions	-25.4	-1,326	0	0
Cash from investing	-435	-1,460	141	-141	-104	-274	-375	-594	-552	832
Debt issued					0	0	408	0	0
Debt repaid	0	0
Share buybacks						0	0	-1.04	0	0
Cash from financing	148	1,138	-529	-195	-222	-65.9	41.7	74	162	-1,108
Net change in cash	-3.87	2.01	1.26	46.1	-29.4	-2.03	1.58	1.47	1.51	-23.1
Free cash flow	-180	73	195	219	153	36.6	-89.8	-98.9	-195	65.9
Interest paid	157	168	228	212	201	202	237	251	294	282
Income taxes paid	1.3	1	0.2	0.8	0.8	0.7	1	0.9	1.2	0.8

Key metrics

Worked out from the statements above. Latest values use the trailing twelve months to June 30, 2026; growth uses fiscal years. Valuation uses the share price of $14.17 on September 25, 2026.

Profitability

Metric	Value	How it is calculated
Operating margin	19.1%	Operating income / revenue.
EBITDA margin	32.6%	EBITDA (operating income + depreciation and amortization) / revenue.
Pre-tax margin	7.3%	Pre-tax income / revenue.
Net margin	4.3%	Net income / revenue.
FCF margin	18.5%	Free cash flow (cash from operations - capital expenditures) / revenue.
Operating cash flow margin	24.2%	Cash from operations / revenue.
Effective tax rate	0.5%	Income tax / pre-tax income, when pre-tax income is positive.
Return on assets (ROA)	1.5%	Net income / average total assets.
Stock-based pay / revenue	0.7%	Stock-based compensation (from the cash flow statement) / revenue.
Capex / revenue	5.7%	Capital expenditures / revenue.
D&A / revenue	13.5%	Depreciation and amortization / revenue.

Growth

Metric	Value	How it is calculated
Revenue growth, 1y	-1.8%	Revenue vs the same period a year earlier. Only from a positive base.
Revenue CAGR, 3y	-16.4%	Compound annual growth of revenue over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Revenue CAGR, 5y	-2.2%	Compound annual growth of revenue over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating income growth, 1y	51.9%	Operating income vs the same period a year earlier. Only from a positive base.
Operating income CAGR, 3y	-6.4%	Compound annual growth of operating income over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA growth, 1y	5.4%	EBITDA vs the same period a year earlier. Only from a positive base.
EBITDA CAGR, 3y	-5.9%	Compound annual growth of ebitda over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
EBITDA CAGR, 5y	59.5%	Compound annual growth of ebitda over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Operating cash flow growth, 1y	-35.5%	Operating cash flow vs the same period a year earlier. Only from a positive base.
Operating cash flow CAGR, 3y	-8.9%	Compound annual growth of operating cash flow over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Operating cash flow CAGR, 5y	-3.2%	Compound annual growth of operating cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Free cash flow CAGR, 5y	-15.5%	Compound annual growth of free cash flow over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Total assets growth, 1y	-30.9%	Total assets vs the same period a year earlier. Only from a positive base.
Total assets CAGR, 3y	-8.6%	Compound annual growth of total assets over 3 fiscal years: (end / start)^(1/3) - 1. Only when both values are positive.
Total assets CAGR, 5y	-3.9%	Compound annual growth of total assets over 5 fiscal years: (end / start)^(1/5) - 1. Only when both values are positive.
Share count change, 1y	0.0%	Change in diluted weighted shares vs a year earlier. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 3y	-0.0%	Change in diluted weighted shares, per year over 3 years. Negative means buybacks shrank the share count; positive means dilution.
Share count change per year, 5y	-0.0%	Change in diluted weighted shares, per year over 5 years. Negative means buybacks shrank the share count; positive means dilution.

Balance sheet health

Metric	Value	How it is calculated
Current ratio	0.93x	Current assets / current liabilities.
Quick ratio	0.88x	(Cash + short-term investments + receivables) / current liabilities.
Cash ratio	0.03x	(Cash + short-term investments) / current liabilities.
Debt / assets	57.4%	Total debt / total assets.
Liabilities / assets	91.6%	Total liabilities / total assets.
Net debt	$3.07B	Total debt - cash - short-term investments. Negative means more cash than debt.
Net debt / EBITDA	5.13x	Net debt / EBITDA (twelve months), when EBITDA is positive.
Working capital	-$99.6M	Current assets - current liabilities.
Goodwill and intangibles / assets	6.9%	(Goodwill + intangible assets) / total assets.

Efficiency

Metric	Value	How it is calculated
Asset turnover	0.34x	Revenue / average total assets.
Fixed asset turnover	0.54x	Revenue / average property, plant and equipment.
Receivables turnover	1.54x	Revenue / average receivables.
Days sales outstanding	237 days	365 x average receivables / revenue.
FCF conversion	431.4%	Free cash flow / net income, when net income is positive.
Capex / operating cash flow	23.4%	Capital expenditures / cash from operations, when that is positive.

Per share

Metric	Value	How it is calculated
EPS, diluted	$0.64	Net income per diluted share, as reported (split-adjusted). Over the last twelve months: the four quarters summed, or net income / latest diluted shares when a quarter has no reported EPS.
Revenue per share	$14.97	Revenue / diluted weighted shares.
FCF per share	$2.77	Free cash flow / diluted weighted shares.
Operating cash flow per share	$3.62	Cash from operations / diluted weighted shares.
Cash per share	$0.32	(Cash + short-term investments) / shares outstanding.

Valuation

Metric	Value	How it is calculated
Market cap	$1.73B	Share price x shares outstanding.
Enterprise value	$4.80B	Market cap + total debt - cash - short-term investments.
P/E	22.0x	Market cap / net income. Only when net income is positive.
P/S	0.94x	Market cap / revenue.
P/FCF	5.10x	Market cap / free cash flow. Only when free cash flow is positive.
P/OCF	3.90x	Market cap / cash from operations, when positive.
EV/Sales	2.62x	Enterprise value / revenue.
EV/EBIT	13.7x	Enterprise value / operating income, when both are positive.
EV/EBITDA	8.03x	Enterprise value / EBITDA, when both are positive.
EV/FCF	14.1x	Enterprise value / free cash flow, when both are positive.
FCF yield	19.6%	Free cash flow / market cap.
Earnings yield	4.5%	Net income / market cap (the inverse of P/E).

What was GENESIS ENERGY LP's revenue in fiscal 2025?

GENESIS ENERGY LP reported revenue of $1.63B for fiscal 2025, 1.8% lower than the year before.

Was GENESIS ENERGY LP profitable in fiscal 2025?

No. It reported a net loss of $440.4M.

How much free cash flow did GENESIS ENERGY LP generate in fiscal 2025?

Cash from operations of $252.8M minus capital expenditures of $186.9M left free cash flow of $65.9M.

Source: SEC EDGAR XBRL company facts. Where a company tags only year-to-date figures, quarters are worked out as differences. Where a line is not tagged it is left empty, never estimated.

Open interactive statements, quarterly figures and charts

Back to GENESIS ENERGY LP