Filing Flows › Genesis Energy LP (GEL) › How it makes money
How Genesis Energy LP (GEL) makes money
Genesis Energy LP (GEL) made $449M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Fee-based revenues brought in $247M (55%); Product sales brought in $191M (43%); Sulfur services brought in $11.0M (2%). Of every dollar of revenue, 15¢ was left as operating profit, 1¢ was left as net earnings.
Drawing the Sankey…
Revenue by segment, Q3 2026
| Segment | Revenue | Share | Q/Q | Y/Y |
|---|---|---|---|---|
| Fee-based revenues | $247M | 55.0% | -4% | +3% |
| Product sales | $191M | 42.5% | -25% | +21% |
| Sulfur services | $11.0M | 2.4% | -40% | -29% |
Where each dollar of revenue goes
| Line | Q3 2026 | % of revenue |
|---|---|---|
| Revenue | $449M | 100.0% |
| Operating profit | $69.4M | 15.4% |
| Income tax | $273K | 0.1% |
| Net earnings | $2.4M | 0.5% |
| Operating cash flow | $78.4M | 17.5% |
| Free cash flow | $46.6M | 10.4% |
Revenue, quarter by quarter
| Quarter | Revenue | Y/Y |
|---|---|---|
| Q3 2026 | $449M | +8% |
| Q2 2026 | $532M | +41% |
| Q1 2026 | $447M | +12% |
| Q4 2025 | $441M | +10% |
| Q3 2025 | $414M | +4% |
| Q2 2025 | $377M | -12% |
| Q1 2025 | $398M | -8% |
From Genesis Energy LP's 10-Q filed Nov 5, 2026 (on EDGAR).
Questions
How does Genesis Energy LP make money?
Genesis Energy LP (GEL) made $449M of revenue in the third quarter 2026 (Q3 2026), +9% from a year earlier. Fee-based revenues brought in $247M (55%); Product sales brought in $191M (43%); Sulfur services brought in $11.0M (2%). Of every dollar of revenue, 15¢ was left as operating profit, 1¢ was left as net earnings.
What is Genesis Energy LP's biggest business?
Fee-based revenues: $247M in the third quarter 2026, 55% of revenue, +3% from a year earlier.
What is Genesis Energy LP's profit margin?
Net earnings were $2.4M, 0.5% of revenue, in the third quarter 2026; the operating margin was 15.4%.
Updated Nov 8, 2026. Read automatically from SEC filings and public data; errors are possible. Not investment advice.