Stock fact sheet · data as of
Genesis Energy, L.P. (GEL): fair value, margin of safety and Wheel Score
Energy · Oil & Gas Midstream · United States · High Yield Income
Is GEL undervalued?
At 13.94 (close of 16 Oct 2026), GEL trades 59% below the GLS average fair value of 33.60. That average comes from 7 models run on the latest filings, and 5 of them land above the current price. Margins of safety over 30% are the exception rather than the rule across the ~7,400 stocks we value each night, so the number earns Genesis Energy, L.P. the full Value points in the Wheel Score - and a closer look at what the market is pricing in.
The 7 models disagree widely: EPV gives 7.15 while Payback Time gives 63.66. A spread that wide means the average is sensitive to which methods you trust; the model table below shows where each one lands, and the Quote page lets you switch any of them off.
The nightly engine files GEL under High Yield Income: a dividend yield above 4%.
Nine valuation models for GEL
Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.
| Model | Value | vs price | What it measures |
|---|---|---|---|
| DCF | - | - | Present value of the projected free cash flows, discounted at the cost of capital; no value tonight |
| Graham Number | - | - | The most a defensive investor pays for the earnings and book value per share; no value tonight |
| Graham Growth | 36.79 | +164% | Graham's growth formula: EPS × (8.5 + 2 × growth), adjusted for bond yields |
| Lynch | 16.08 | +15% | EPS × the earnings growth rate (PEG of 1), growth capped at 25% |
| GLS Growth | 39.37 | +182% | EPS compounded ten years at the blended growth rate, discounted back at 15% a year |
| 10 Cap | 61.46 | +341% | Owner's earnings (operating cash flow less maintenance capex) capitalised at 10% |
| Payback Time | 63.66 | +357% | Eight years of compounded free cash flow: the price at which the business pays for itself |
| DDM | 10.67 | -23% | Dividend discount model: next year's dividend ÷ (10% − 3% growth); needs a dividend |
| EPV | 7.15 | -49% | Earnings power value: current EPS capitalised at 9% with no growth |
| Zombie (liquidation) | -28.35 | -303% | Current assets less all liabilities, per share: the balance-sheet floor. Not in the average |
| Wall St target | 17.00 | +22% | Analysts' average 12-month price target. Not in the average |
Quality and financial health
On financial health GEL scores 8/9 (Piotroski): most of the nine tests - positive earnings and cash flow, falling debt, rising margins and turnover - are passed, which is the kind of balance sheet a wheel trader is happy to be assigned. The GLS Moat score is low at 1.7 out of 10, which says the ten-year record of revenue, earnings, margins and returns on capital has been inconsistent - growth and shocks rather than steady compounding.
Returns on capital are thin or negative - ROIC -0.2%, ROE -3.4%, ROA -0.2% - with debt at 12.79 times equity and a free-cash-flow yield of 20.2%. Debt of 12.79 times equity is on the high side for the sector and is worth checking against the cash flow before treating the stock as a long-term hold.
The dividend yield is high at 5.20% (payout ratio 183%) - a payout above 100% of earnings, which is not covered by profits. A yield this size is often the market's way of pricing a risk to the payout, so the health score and cash flow matter more than usual. Revenue comes mainly from Product Sales 93%, Refinery Services 7% (quarter Q2 FY2026).
Institutional ownership scores 9/10, insider activity 10/10 and Congressional trading 5/10 on the GLS smart-money scales.
| Piotroski F-score | 8 / 9 | ROIC | -0.2% |
|---|---|---|---|
| GLS Moat | 1.7 / 10 | ROE | -3.4% |
| Debt / equity | 12.79 | ROA | -0.2% |
| Free-cash-flow yield | 20.2% | Payout ratio | 183% |
| Institutions | 9 / 10 | Insiders · Congress | 10 · 5 / 10 |
Wheel Score 75: Good
GEL scores 75 out of 100 on the Wheel Score (Good band, 65-79). The score blends the margin of safety (Value, 25/25), Piotroski health (18/20), the GLS moat (3/15), the option premium on offer (16/20) and how easily the stock trades (13/20). Moat (3/15) is the part holding the score back.
Implied volatility is 31% on the near-the-money contracts 20-60 days out: some premium, but under the 35-60% range the Wheel Score pays full marks for (16 of 20 points). Chain open interest is 15,604 contracts across all expiries - enough for the wheel at normal size.
Volume runs at 452k shares a day on a market cap of $1.7B, with a beta of 0.65 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 13 of 20.
| Part | Points | From | |
|---|---|---|---|
| Value | 25 / 25 | 59% margin of safety | |
| Health | 18 / 20 | Piotroski 8/9 | |
| Moat | 3 / 15 | moat 1.7/10 | |
| Premium | 16 / 20 | implied volatility 31% | |
| Stability | 13 / 20 | 452k shares/day, $1.7B cap, beta 0.65 |
The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.
Upcoming events
Genesis Energy, L.P. reports earnings on 29 Oct 2026 (before the open) - inside the 14-day window the Sunday Scan avoids, because a put sold now would carry the report's gap risk. The shares go ex-dividend on 30 Oct 2026 (0.2000 per share), so a covered call sold before then carries a small early-assignment risk around that date.
Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.
Similar stocks in Oil & Gas Midstream
The 12 companies below are the closest to Genesis Energy, L.P. by market cap within the Oil & Gas Midstream industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.
| Stock | Close | Fair value | MoS | Wheel | Mkt cap |
|---|---|---|---|---|---|
| GLP Global Partners LP | 49.08 | 59.35 | +17% | 69Good | $1.7B |
| TEN Tsakos Energy Navigation Limited | 53.71 | 67.21 | +20% | 70Good | $1.6B |
| PBT Permian Basin Royalty Trust | 34.60 | 8.17 | -324% | 42Weak | $1.6B |
| NGL NGL Energy Partners LP | 14.81 | 35.80 | +59% | 45Weak | $1.8B |
| TK Teekay Corporation | 14.51 | 66.64 | +78% | 80Prime | $1.3B |
| LPG Dorian LPG Ltd. | 53.68 | 84.77 | +37% | 82Prime | $2.3B |
| SBR Sabine Royalty Trust | 72.43 | 44.62 | -62% | 25No options | $1.1B |
| DKL Delek Logistics Partners, LP | 55.94 | 49.57 | -13% | 57Fair | $3.2B |
| EE Excelerate Energy, Inc. | 32.51 | 35.30 | +8% | 74Good | $3.7B |
| KNTK Kinetik Holdings Inc. | 53.44 | 169.33 | +68% | 82Prime | $4.3B |
| GLNG Golar LNG Limited | 44.95 | 34.79 | -29% | 60Fair | $4.6B |
| NFEGP New Fortress Energy Inc. Series A Mandatorily Convertible Preferred Stock | 255.60 | - | - | 20No options | $627M |
Screen the whole market the same way
A free GLS Equity account gets you nightly fair value and the Wheel Score on ~7,400 US stocks, a watchlist, the scanner preview and the Sunday Scan - the same eight-rule screen, emailed every week. Pro adds the full put and call scanners, unlimited watchlists with alerts and the trade journal.
Start free See the Sunday ScanQuestions about GEL
Is GEL undervalued right now?
By the GLS models, yes: at 13.94 the stock is 59% below the average fair value of 33.60 (data as of 16 Oct 2026). Whether the discount is deserved is the question to research next.
What is the Wheel Score of GEL and what does it mean?
GEL scores 75 out of 100 (Good). The Wheel Score blends the margin of safety (25 points), Piotroski health (20), the GLS moat (15), the option premium on offer (20) and trading stability (20) into one number that ranks stocks for the wheel strategy - selling cash-secured puts, then covered calls if assigned. 80 and above is Prime, 65-79 Good, 50-64 Fair, under 50 Weak.
What is the GLS fair value for GEL?
33.60 per share as of 16 Oct 2026 - the simple average of the 7 valuation models (out of nine: DCF, Graham Number, Graham Growth, Lynch, GLS Growth, 10 Cap, Payback Time, DDM and EPV) that produced a positive value. The models run every night on the latest filings; the Quote page lets you switch any of them off and add a margin of safety of your own.
When does Genesis Energy, L.P. report earnings next?
The next earnings report is due on 29 Oct 2026 (before the open), 13 days from the data date of 16 Oct 2026. The Calendars page lists every upcoming report with its time of day.
Does GEL have listed options, and how liquid are they?
Yes. The nightly snapshot found 108 listed contracts with 15,604 open interest across all expiries and implied volatility of 31% on the near-the-money contracts. The Options scanner lists the cash-secured put and covered call set-ups with premium and annualised yield worked out.