Genesis Energy, L.P. Common Units (GEL) Company Bio
Genesis Energy LP operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States. The Company operates through five segments: Onshore Pipeline Transportation, Offshore Pipeline Transportation, Refinery Services, Marine Transportation, and Supply and Logistics. The company was founded in 1996 and is based in Houston, Texas.
GEL Price Forecast Based on DCF Valuation
DCF Fair Value Target:
Below please find a table outlining a discounted cash flow forecast for GEL, in which we model out valuation assuming a variety of terminal growth rates. To summarize, we found that Genesis Energy Lp ranked in the 83th percentile in terms of potential gain offered. Specifically, our DCF analysis implies the stock is trading below its fair value by an estimated 731%. As for the metrics that stood out in our discounted cash flow analysis of Genesis Energy Lp, consider:
18% of the company's capital comes from equity, which is greater than merely 5.92% of stocks in our cash flow based forecasting set.
Genesis Energy Lp's interest coverage rate -- a measure of gross earnings relative to interest payments -- comes in at -0.46. This coverage rate is greater than that of merely 23.28% of stocks we're observing for the purpose of forecasting via discounted cash flows.
As a business, Genesis Energy Lp experienced a tax rate of about 0% over the past twelve months; relative to its sector (Energy), this tax rate is higher than merely 0% of stocks generating free cash flow.
Terminal Growth Rate in Free Cash Flow
Return Relative to Current Share Price
For other companies in the Energy that have a similar discounted cashflow valuation profile (and ensuing price forecasts) as GEL, try NBR, BRY, CHX, SD, and LPG.
Genesis Energy (GEL) says it expects the Cameron Highway Oil Pipeline System to stay offline well into November, after an associated offshore platform was damaged by Hurricane Laura.Genesis says crude oil from the 500K bbl/day CHOPS system, which has remained offline since late August, is being redirected from Texas to...
Genesis Energy ([[GEL]] +5.9%) pops at the open after providing an update on its offshore operations following Hurricane Laura and disclosing receipt of $41M in cash that will be accounted for as an increase in reported Q3 adjusted EBITDA.Genesis says its Cameron Highway Oil Pipeline System "more than likely" will...
HOUSTON--(BUSINESS WIRE)--Genesis Energy, L.P. (NYSE:GEL) intends herewith to provide an update on its offshore operations, following Hurricane Laura, as well as disclose the receipt of some $41 million in cash that will also be accounted for as an increase in reported Adjusted EBITDA for the third quarter. Turning first to the offshore, there is no apparent damage to our 100% owned and operated Cameron Highway Oil Pipeline System (“CHOPS”) nor any of its appurtenant facilities. As currently co
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Genesis Energy, L.P. (NYSE: GEL) announced today that it has implemented certain cost savings measures that are expected to result in annual savings of approximately $38 million dollars starting in the third quarter of 2020. In conjunction with these measures, Genesis has executed an amendment to its existing senior secured credit facility that will add back to Adjusted Consolidated EBITDA (as calculated under our senior secured credit facility) approximately $13.5 million dollars of one-time charges associated with our cost savings initiatives for the test period ending June 30, 2020 and for each of the following three test periods.