Genesis Energy (NYSE:GEL) Azioni

Genesis Energy

Genesis Energy LP is a limited partnership company that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

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As of March 21, 2025, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.&nbsp;
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>)</h3>
<ul>
<li>On March 17, Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $15 to $18. RBC Capital also raised its price target on the stock. The company's stock gained around 25% over the past month and has a <a href="https://www.benzinga.com/quote/GEL">52-week high of $15.27</a>.</li>
<li>RSI Value: 80.6&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>GEL Price Action: Shares of Genesis Energy gained 1.6% to close at $15.05 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">KNOT Offshore Partners LP (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KNOP#NYSE">KNOP</a>)</h3>
<ul>
<li>On March 19, KNOT Offshore Partners posted better-than-expected fourth-quarter sales. Derek Lowe, Chief Executive Officer and Chief Financial Officer of KNOT Offshore Partners LP, stated, &#8220;We are pleased to report another strong performance in Q4 2024, marked by safe operation at 98.3% fleet utilization from scheduled operations, consistent revenue and operating income generation, and material progress in securing additional charter coverage for our fleet." The company's stock gained around 25% over the past month and<a href="https://www.benzinga.com/quote/KNOP"> has a 52-week high</a> of $9.11.</li>
<li>RSI Value: 82.7</li>
<li>KNOP Price Action: Shares of KNOT Offshore Partners gained 12.3% to close at $6.32 on Thursday.</li>
</ul>
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Genesis Energy shares are trading higher after Wells Fargo upgraded the stock from Equal-Weight to Overweight and raised its price target from $15 to $18. RBC Capital also raised its price target on the stock.

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Shares of oil and gas companies are trading higher amid weakness in the dollar after the US launched strikes on Houthi targets. Additionally, strong Chinese economic data could be lifting the demand outlook.

RBC Capital analyst Elvira Scotto maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $14 to $15.

Price Target

Analyst Ratings

RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $15

Wells Fargo analyst Michael Blum upgrades Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) from Equal-Weight to Overweight and raises the price target from $15 to $18.

Upgrades

Wells Fargo Upgrades Genesis Energy to Overweight, Raises Price Target to $18

Wells Fargo analyst Michael Blum maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Equal-Weight and raises the price target from $12 to $15.

Wells Fargo Maintains Equal-Weight on Genesis Energy, Raises Price Target to $15

Asset Sales

Genesis Energy Announces The Sale Of Its Alkali Business For ~$1.01B In Cash, Net Of All Adjustments And After Payment Of Transaction Expenses

Genesis Energy shares are trading higher. The company reported Q4 financial results.

Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.58) per share. This is a 625 percent decrease over losses of $(0.08) per share from the same period last year. The company reported $725.553 million in sales this quarter. This is a 6.27 percent decrease over sales of $774.104 million the same period last year.

Earnings

Genesis Energy Q4 2024 GAAP EPS $(0.58) Down From $(0.08) YoY, Sales $725.553M Down From $774.104M YoY

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Earnings Scheduled For February 13, 2025

Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) announced today, in connection with our previously announced cash tender offer (the "Tender Offer") for our 8.0% Senior Notes due 2027 ( "Notes"), that we have increased the maximum aggregate principal amount of Notes that we will accept for purchase in the Tender Offer from $385 million to $575 million (as hereby amended, the "Tender Offer Cap"), on the terms and conditions of the offer to purchase, dated as of December 5, 2024 (as amended by the terms set forth herein, the "Offer to Purchase").

Offerings

Genesis Energy, L.P. Announces Increase To Previously Announced Tender Offer For Its 8.0% Senior Notes Due 2027 From $385M To $575M

Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced the commencement of a cash tender offer to purchase up to $385 million (the "Tender Cap") of the outstanding aggregate principal amount of the 8.0% senior notes due 2027 (the "Notes") that we co-issued with our subsidiary, Genesis Energy Finance Corporation (such transaction, the "Tender Offer"). As of December 5, 2024, $981,245,000 aggregate principal amount of the Notes were outstanding. The Tender Offer is being made pursuant to the terms and conditions of an offer to purchase, dated as of December 5, 2024 (as may be amended or supplemented from time to time, the "Offer to Purchase").

Genesis Energy Announces Tender Offer For Up To $385M Aggregate Principal Amount Of Its 8.0% Senior Notes Due 2027

Capital One analyst Wade Suki upgrades Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) from Equal-Weight to Overweight.

Capital One Upgrades Genesis Energy to Overweight

Genesis Energy shares are trading lower after the company reported a year-over-year decrease in Q3 revenue results.

Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.32) per share. The company reported $714.297 million in sales this quarter. This is a 11.56 percent decrease over sales of $807.618 million the same period last year.

Genesis Energy Q3 2024 GAAP EPS $(0.32), Sales $714.297M Down From $807.618M YoY

RBC Capital analyst Elvira Scotto maintains Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) with a Outperform and raises the price target from $15 to $16.

RBC Capital Maintains Outperform on Genesis Energy, Raises Price Target to $16

Today, we are announcing the Board has approved an increase of&nbsp;$0.015&nbsp;in the quarterly distribution per common unit starting with the 3Q distribution, which is scheduled to be paid on November 14, 2024. This represents a&nbsp;10%&nbsp;increase over the distribution declared with respect to the&nbsp;second quarter&nbsp;of 2024 and yet only represents an incremental annual cash cost of approximately&nbsp;$7.3 million. The Board believes this is an important first step and should affirm the confidence we all have in the future of our businesses. Subject to future Board deliberation and approval, we could envision this common unit distribution growth continuing in coming quarters and years as we realize increasing Adjusted EBITDA and benefit from reduced cash obligations resulting from the redemption of high coupon securities in our capital structure

Genesis Energy Announces An Increase Of $0.015 In The Quarterly Distribution Per Common Unit Starting With The 3Q Distribution

Genesis Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) reported quarterly losses of $(0.25) per share. This is a 213.64 percent decrease over earnings of $0.22 per share from the same period last year. The company reported $756.261 million in sales this quarter. This is a 6.02 percent decrease over sales of $804.662 million the same period last year.

Genesis Energy Q2 2024 GAAP EPS $(0.25) Down From $0.22 YoY, Sales $756.261M Down From $804.662M YoY

Contracts

ANSAC Increases Export Prices By US$25.00/MT On All Non-Contract Sales Of Soda Ash, And On Contracted Sales When Contracts Allow

Genesis Energy, L.P. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GEL#NYSE">GEL</a>) today announced that it has priced a public offering of $700,000,000 in aggregate principal amount of 7.875% senior unsecured notes due 2032 (the "notes"). The offering of the notes was upsized from the previously announced $500,000,000 in aggregate principal amount of the notes. The price to investors will be 100% of the principal amount of the notes. The notes will be co-issued with our subsidiary, Genesis Energy Finance Corporation, and will be guaranteed, with certain exceptions, by substantially all of our existing and future subsidiaries other than our unrestricted subsidiaries. We intend to use a portion of the net proceeds from the offering of the notes to redeem all of our outstanding 6.250% senior unsecured notes due 2026 and the remainder for general partnership purposes, including repaying a portion of the borrowings outstanding under our credit facility. The offering of the notes is expected to settle and close on May 9, 2024, subject to customary closing conditions.
RBC Capital Markets, LLC, Wells Fargo Securities, LLC, Capital One Securities, Inc., Regions Securities LLC, SMBC Nikko Securities America, Inc., BNP Paribas Securities Corp., BofA Securities, Inc., Citigroup Global Markets Inc., Citizens JMP Securities, LLC, Fifth Third Securities, Inc., Scotia Capital (USA) Inc. and Truist Securities, Inc. are acting as joint book-running managers for the offering and Comerica Securities, Inc. is acting as co-manager.

Genesis Energy, L.P. Upsizes And Prices Public Offering Of 7.875% Senior Unsecured Notes Due 2032 From $500M To $700M

Press Releases

Genesis Energy, L.P. Announces Early Results and Initial Settlement Date for Tender Offer for Up to $575 Million Aggregate Principal Amount of Its 8.0% Senior Notes Due 2027

Genesis Energy, L.P. Declares Quarterly Distribution

Genesis Energy, L.P. Reports Fourth Quarter 2024 Results

Genesis Energy, L.P. Announces the Sale of its Soda Ash Operations

Genesis Energy, L.P. Files Form 10-K

Genesis Energy, L.P. Announces Senior Notes Redemption

Genesis Energy, L.P. Extends Common Unit Repurchase Program

2024 K-1 Tax Packages for Genesis Energy, L.P.

Genesis Energy, L.P. Provides Update on Balance Sheet Simplification

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