Genesis Energy LP
An Overview of Genesis Energy’s Offshore Pipeline Segment
Until recently, Genesis Energy’s Offshore Pipeline segment owned interest in ~1200 miles of offshore pipelines spread across five pipeline systems.
Genesis Energy’s Segment Margin Breakdown by Segment
A segment margin breakdown of Genesis Energy’s Onshore Transport, Offshore Transport, Marine Transport, Refinery Services, and Supply and Logistics segments.
Pipeline Segment Will Drive NuStar Energy’s 4Q15 Performance
The pipeline segment is NuStar’s largest business segment in terms of the EBITDA. It accounted for 50% of the total segment EBITDA in the first nine months of 2015.
Issuers Return to the Leveraged Loan Primary Market
AlixPartners provides financial advisory and business services. It issued leveraged loans worth $1.1 billion last week. The B2/B+ rated covenant-lite Term Loan B was issued for seven years.
Inside the MLP Yield Spread and 10-Year Treasury Yields: Key Investor Data
The Alerian MLP ETF was trading at a yield of 11.4% at the end of the week ending March 25, 2016. The yield rose from 10.7% at the end of the previous week.
How the Rise in Brent Oil and the Fall in WTI Impact MLPs
The NYMEX (New York Mercantile Exchange) near-month WTI (West Texas Intermediate) crude oil futures prices fell 0.9% in the week ending November 20. WTI prices closed at $40.4 per barrel on Friday.
Analyst Ratings for NuStar Energy
The median broker target price of $44 for NuStar Energy implies a ~36.0% price return in the next 12 months from its February 3, 2016, closing price of $33.50.
What Do Analysts Recommend for NGL Energy?
~50% of analysts rate NGL Energy a “hold,” ~40% rate it a “buy,” and the remaining ~10% rate it a “sell.”
What Drives Genesis Energy’s Marine Segment’s Performance?
Genesis Energy’s Marine Transportation segment is involved in the marine transportation of crude oil and refined products.
MLP Rating Updates for the Week Ended August 11
Plains All American Pipeline (PAA) and its general partner Plains GP Holdings (PAGP) saw several target price cuts last week.
Why Genesis Energy and Buckeye Partners rely on Eagle Ford and the Permian
Genesis Energy L.P. (GEL) is a master limited partnership (or MLP) that operates in the midstream segment of the oil and gas industry in the Gulf Coast region of the United States.
Why Analysts Are Bullish on Energy Transfer Partners
Of the analysts surveyed by Reuters, 86% rated Energy Transfer Partners (ETP) as a “buy, ” and the remaining 24% rated it as a “hold.”
HEP, ENBL, GEL, DM: Top MLP Gainers Last Week
Holly Energy Partners (HEP), Enable Midstream Partners (ENBL), and Genesis Energy (GEL) were the top MLP gainers last week.
Buckeye Partners Has a Consensus “Hold” Rating from Analysts
Buckeye Partners has not provided any financial or capex guidance for 2016. The partnership gave a rough estimate of $300 million–$400 million for its 2016 capex.
Analyzing Genesis Energy’s Technical Indicators
Genesis Energy was trading 8.5% below its 50-day simple moving average and 22.1% below its 200-day simple moving average as of October 13.
What Do Analysts Recommend for NuStar Energy?
90% of analysts rate NuStar Energy a “hold” and the remaining 10% rate it as a “buy.”
Top MLP Losers in the Week Ending October 13
EV Energy Partners (EVEP) continued to be among the top MLP losers in the week ending October 13. EV Energy Partners fell 17.8% during the week.
Crude Oil Inventories Up in Week Ended August 28: Effect on MLPs
According to data released on September 2, US crude oil inventories rose 1.0% in the week ended August 28 compared to the previous week.
MarkWest Energy Rallies on the Announcement of a Merger with MPLX
MarkWest Energy Partners (MWE) was the top gainer among midstream MLPs at the end of trading on Monday, July 13. Yesterday, it rose 13.96%.
NGL Energy: Most Wall Street Analysts Say ‘Hold’
About 50.0% of analysts rate NGL Energy a “hold,” ~40.0% rate it a “buy,” and the remaining ~10.0% rate it a “sell.”
The 10 MLPs Most Correlated with Crude Oil
In this series, we’ll look at the ten MLPs most correlated with crude oil amid crude oil price volatility.
Why PAA Was the Biggest MLP Loser Last Week
Plains All American Pipeline (PAA) was the biggest MLP loser last week, which ended on January 19, 2018. The partnership ended the week 6.1% lower.
Inflows Fall While Yields on High Yield Bond Funds Surge
Investor flows in high yield bond funds were positive for the third successive week last week, but their volume fell sharply.
The Factors Driving Genesis Energy’s Weak YTD Performance
Genesis Energy (GEL) saw a new 52-week low of $28.60 due to the recent weakness in crude oil prices.
Why Plains All American Missed 3Q15 Consensus Revenue Estimates
Plains All American Pipeline’s (PAA) revenues of $5.5 billion in 3Q15 were 22% lower than analysts’ consensus estimate. It has missed consensus revenue estimates in six out of the last ten quarters.
PBF Logistics Records High EBITDA Growth in 2Q15
PBF Logistics’ (PBFX) 2Q15 EBITDA increased more than six times its 2Q14 level of $4 million. PBF Logistics’ high EBITDA growth is due to regular asset acquisitions from PBF.
Why Did a 0.9% Fall in Crude Oil Inventories Impact MLPs?
According to data released on April 7, 2016, US crude oil (USO) inventories fell 0.9% in the week ending April 1, 2016.
Why marine shipping is so important to Martin Midstream Partners
Martin Midstream Partners’ Marine Transportation segment operates fleets of tows along major inland and seaborne petroleum product transportation routes.
BP Midstream Partners: Analysts’ Views and Target Price
According to analysts’ estimates, BP Midstream Partners has a median target price of $18.83 compared to its current market price of $15.17.
Which High-Yield MLPs Do Analysts Recommend?
Around 40% of the analysts rated Suburban Propane Partners as a “buy.” The stock offers an upside potential of 21% from the current price.
7 MLPs Offering a Yield above 10%
NGL Energy Partners is trading at a yield of ~14.1%. NGL Energy Partners’ distributions have been flat for the last ten quarters.
EnLink Midstream Partners: Analysts’ Views and Target Price
EnLink Midstream Partners (ENLK) stock offers an upside potential of 39%—compared to its current market price of $12.82.
Which MLPs Gained the Most Last Week?
Last week, Noble Midstream Partners, Western Gas Equity Partners, and DCP Midstream Partners were among the top MLP gainers.
GEL, HMLP, CVRR: A Look at Top Price Target Revisions Last Week
On September 4, Baird cut its rating for Genesis Energy (GEL) to “neutral.” It has given the stock a price target of $26.
Genesis Energy Is Trading at a Discount despite Strong Earnings
Genesis Energy is expected to post 27.4% YoY EBITDA growth in the first quarter of 2018 compared to 1Q17.
Top Earnings Growth Expected from Midstream Companies in 1Q18
In this series, we’ll look at the top ten midstream companies based on earnings growth expectations for 1Q18.
Last Week’s Top MLP Gainers: Calumet and More
Calumet Specialty Products Partners (CLMT), a downstream MLP involved in the production of specialty fuels, was the top MLP gainer last week.
Last Week’s Biggest MLP Losers: SMLP and More
Summit Midstream Partners (SMLP), a midstream MLP mainly involved in crude oil gathering and processing and crude oil gathering, was the biggest MLP loser last week.
Genesis Energy Ranks Ninth in Upside Potential among MLPs
GEL has seen six rating updates in 2017 so far—three downgrades and three upgrades.
These 10 MLPs Offer a Maximum Upside from Current Levels
So far in 2017, most MLPs are trading in negative territory despite strong crude oil prices. The Alerian MLP ETF (AMLP), which comprises 25 energy MLPs, has lost 16.3% year-to-date.
Genesis Energy: Rating Updates and Target Price Cuts
Genesis Energy (GEL) saw some rating updates and target price cuts following the distribution cut announcement.
Why Did Genesis Energy Announce a Distribution Cut?
The distribution cut might have shocked Genesis Energy’s (GEL) investors, but it shouldn’t have come as a surprise. Investors should have seen it coming.
Genesis Energy Announced a Distribution Cut
Genesis Energy (GEL), the Texas-based midstream MLP, shocked its investors with a distribution cut announcement on October 12, 2017.
How Golar LNG Partners’ Correlation with Crude Oil Compares
Golar LNG Partners Golar LNG Partners (GMLP), which is involved in LNG (liquefied natural gas) shipping, floating LNG liquefaction, and floating LNG floating storage and regasification, has the eighth-highest correlation with crude oil among MLPs. EnLink Midstream Partners (ENLK), which has the seventh-highest correlation, has been discussed alongside its general partner in the second part of this […]
Top MLP Losers in the Week Ending September 22
Ferrellgas Partners (FGP), which is involved in propane logistics and distribution, was the top MLP loser in the week ending September 22.
Top MLPs Losers Last Week, Ended September 1
Teekay Offshore Partners (TOO) was the top MLP loser last week, which ended September 1, 2017. It fell 6.3%.
These MLPs Fell More Than 7% Last Week
EV Energy Partners (EVEP) was the worst-performing MLP last week. It fell a massive 20.9% during the week.
Tronox Will Sell Its Alkali Chemicals Business
On August 2, 2017, Tronox (TROX) announced that it entered into a definitive agreement with Genesis Energy LP (GEL) to sell its alkali chemicals business.
ETP, EEP, PAA, and GEL: A Leverage Analysis
Energy Transfer Partners’ (ETP) debt-to-adjusted EBITDA ratio stood at 5.6x at the end of 1Q17.
MLPs Approach Their 52-Week Lows amid Crude Oil Price Weakness
MLPs have seen a series of major sell-offs due to significant weakness in crude oil prices. The Alerian MLP ETF (AMLP) has fallen 7.5% since the beginning of June 2017.
Genesis Energy’s Short Interest Is below the Industry Average
Short interest Genesis Energy’s (GEL) short interest as a percentage of float ratio has fallen to 2.7%. This ratio is lower than its 2016 average of 3.3%. However, it is higher than its historical two-year average of 2.5%. The above chart shows GEL’s one-year closing price and short interest as a percentage of float. Short interest is the […]
A Look into Genesis Energy’s Implied Volatility
Genesis Energy’s (GEL) implied volatility has come down significantly after increasing to over ~90.0% in the beginning of 2016.
Are Institutional Investors Bearish on Genesis Energy?
Tortoise Capital Advisors is the largest institutional holder in GEL, holding 7.1% in the company on September 15, 2016.
Genesis Energy’s Commodity Price Exposure: Key for Investors
The correlation between Genesis Energy’s (GEL) stock price and crude oil (USO) resulted in a correlation coefficient of 0.52 over the past year.
A Look into Genesis Energy’s Recent Operating Results
Offshore Pipeline Transportation became Genesis Energy’s (GEL) largest business segment after it acquired offshore pipeline assets from Enterprise Product Partners (EPD) in July 2015.
How Genesis Energy’s Stock Has Performed in 2016
Genesis Energy (GEL), which mainly provides crude oil and refined products transportation and logistics services, has lost 6.8% YTD. At the same time, the Alerian MLP ETF has risen 2.0%.
What Drove Sunoco Logistics’ 2Q16 Earnings?
Sunoco Logistics Partners’ (SXL) 2Q16 EBITDA (earnings before interest, tax, depreciation, and amortization) fell to $245 million from $326 million in 2Q15.
Why Did a 2.3% Fall in Crude Oil Production Impact MLPs?
According to data released on July 7, 2016, US crude oil production fell by 2.3% in the week ended July 1. Crude oil production has continued to decline in recent months.
What Does NGL Energy’s Current Valuation Mean?
NGL Energy’s EV-to-adjusted EBITDA ratio, using its trailing-12-month adjusted EBITDA, is 12.0x.
US Crude-by-Rail Movements Keep Falling: MLP Impact
The decline in crude oil movements by rail negatively impacts midstream MLPs.
10-Year Treasury, MLP Yield Spread Rose Last Week
The Alerian MLP ETF (AMLP) traded at a yield of 9.3% in week ended June 10, 2016. The yield rose compared to the previous week.
Why an Acquisition Drove Genesis Energy’s 1Q16 Earnings
Genesis Energy (GEL) reported its 1Q16 earnings on May 4. Here’s what you need to know.
Genesis Energy Lost $15 million amid the Fall in Crude Oil
Genesis Energy’s (GEL) shares rallied 3.32% on February 18, 2016. Strong distributable cash flow growth of 63% YoY drove its distribution coverage.
Higher Throughput Volume by Terminals Could Drive Performance
Pipelines & Terminals is Buckeye Partners’ largest business segment in terms of EBITDA, accounting for 57% of the company’s total segment EBITDA in 3Q15.
Market Dynamics Impact Plains All American’s Supply and Logistics Segment
The contribution of its Supply and Logistics segment to Plains All American Pipeline’s EBITDA fell from 27% in 3Q14 to 19% in 3Q15.
Analysis of Buckeye Partners’ Recent Operating Performance
Buckeye Partners’ adjusted EBITDA from continuing operations increased to $204.2 million in 3Q15 from $200.6 million in 3Q14—a marginal increase of 1.2%.
MarkWest’s Operations Will Change MPLX’s Business Mix
On December 4, 2015, MPLX successfully completed the merger with MarkWest Energy, which became a wholly owned subsidiary of MPLX. The merger expands MPLX’s operations into natural gas gathering, processing, fractionation, and NGL transportation.
Moving Averages Indicated a Bearish Trend for Sunoco Logistics
In this series, we’ll analyze analyst projections for Sunoco Logistics (SXL), segment-wise operating performance, leverage position, and cash flow measures.
Crude Oil Inventory Rises 1%: Plus for MLPs with Storage Capacity
According to data released on December 16, US crude oil inventories rose 1% in the week ending December 11.
How Did the Rise in Crude Oil Prices Impact MLPs?
US crude oil prices impact energy MLPs differently. Upstream companies are affected directly by fluctuations in crude oil prices.
US Crude Oil Production Fell 0.2%, Impacted MLPs
In the week ending November 20, the US crude oil production fell 0.2%. The US crude oil production rose significantly starting in 2012.
WTI and Brent Prices Rose Last Week, Affecting Energy MLPs
Brent first-line futures prices rose 3.3% to $49.6 per barrel last week from $48.0 at the end of the previous week.
Will Enbridge Energy Partners Cut Its 3Q15 Distributions?
Enbridge Energy Partners expects its 2015 full-year coverage to be between 0.9 to 0.96 times. It aims for a long-term coverage ratio greater than 1.
Genesis Energy: Top Midstream MLP Gainer on October 15
Genesis Energy (GEL) was the top gainer among midstream MLPs at the end of trading on Thursday, October 15. It rose 8% yesterday.
Genesis Energy’s Refinery Services Have High Commodity Exposure
Genesis Energy’s Refinery Services segment owns terminals and facilities in the Midwest, the Gulf Coast, Montana, Utah, British Columbia, and South America.
Genesis Energy’s Major Organic Projects
Genesis Energy’s major organic projects include the ExxonMobil Baton Rouge Terminal Project and the Raceland Rail/Terminal Facility.
Energy Transfer Equity Has an Impressive Distribution Guidance
For the most recent quarter, Energy Transfer Equity declared a distribution of $0.265 per unit on a post-split adjusted basis. This represents 39.47% growth YoY.
MLP Yields and 10-Year Treasury Yields Diverged Last Week
The Alerian MLP ETF (AMLP) traded at a yield of 9.05% as the week ended September 25 wrapped up. The yield rose significantly during the week from 8.50%…
Why Genesis Energy Has the Highest Leverage among Its Peers
Genesis Energy’s high leverage might imply that it’s been using debt to fund growth projects that aren’t generating high enough EBITDA.
Genesis Energy’s Onshore Pipeline Segment: Key Highlights
Genesis Energy’s Onshore Pipeline Transportation segment is involved in crude oil and CO2 transportation and supply.
Genesis Energy: A Top Performer this Year
In the midst of a sell-off in energy securities, Genesis Energy is one of the few MLPs that stand out in terms of total return performance.
Asset Acquisitions Fuel Valero Energy Partners’ EBITDA Growth
Valero Energy Partners’ (VLP) YTD total returns are 22%. It’s 2Q15 EBITDA grew 183% year-over-year, increasing from $21 million in 4Q13 to $42.7 million in 2Q15.
Crude Oil Inventories in the Second Week of August Affect MLPs
According to data released on August 19, US crude oil inventories rose 0.6% in the week ending August 14 compared to the previous week.
Enterprise Products Partners’ Growth Projects beyond 2Q15
Enterprise Products Partners (EPD) completed the acquisition of EFS Midstream from Pioneer Natural Resources (PXD) and Reliance Industries in July 2015.
Energy Companies Dominate Junk Bond Issuance in Week to July 17
Junk bond issuers returned to the primary market in the week ended July 17 as the situation in Greece stabilized, but remained cautious due to market volatility.
EPD’s Most Profitable Segment: NGL Pipelines & Services
EPD’s Natural Gas Liquid Pipelines & Services segment involves natural gas processing plants and NGL marketing activities.
How EPD’s Crude Oil Transportation Volume Affects Revenue
Transported volumes have increased significantly for EPD’s Crude Oil Pipelines and Services segment due to expansion of the Eagle Ford Crude Oil Pipeline system and the Seaway Pipeline.
Must-Know: GEL’s growth drivers
GEL’s business lines complement each other and enable them to offer an integrated suite of services to common customers across segments.
Must-know: Which has the most potential—Permian, Williston, or Eagle Ford?
The midstream energy sector has witnessed increasing capital investment toward oil and gas infrastructure assets.
Why World Point Terminals’ 4Q13 earnings are a positive
On March 26, 2014, World Point Terminals LP (WPT) declared its results for the fourth quarter and full year of 2013. Here are the key points from the latest results.