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Genesis Energy LP (NYSE:GEL) stock has soared to a 52-week high, reaching a price level of $16.36, marking a significant milestone for the energy partnership. According to InvestingPro data, the company maintains a 29-year streak of consecutive dividend payments, currently yielding 4.12%. Technical indicators suggest the stock is in overbought territory, while the company operates with a debt-to-equity ratio of 15.04x. This peak reflects a robust year-over-year growth, with Genesis Energy experiencing an impressive 47.36% increase in its stock value over the past year. Investors have shown increased confidence in the company’s performance and future prospects, contributing to the stock’s upward trajectory and its current standing at the top of its 52-week range. InvestingPro subscribers can access 13 additional exclusive tips and comprehensive technical analysis tools to better understand GEL’s momentum and valuation metrics.
In other recent news, Genesis Energy reported disappointing fourth-quarter 2024 earnings, with an earnings per share (EPS) of -0.58, missing the analyst forecast of -0.26. Revenue for the quarter was $725.55 million, and the company projects significant cash flow generation starting in late 2025 due to new production facilities. Genesis Energy’s outlook has been upgraded to positive by both S&P Global Ratings and Moody’s Ratings following the divestment of its soda ash business, which is expected to generate approximately $1 billion to repay existing debt. S&P Global Ratings affirmed the company’s ’B’ issuer credit rating and expects adjusted leverage to approach 6.0x in the next 12 months. Moody’s Ratings anticipates that Genesis Energy will continue to decrease its leverage, aiming to keep it below 5.0x throughout 2025 and into 2026. RBC Capital Markets has also raised its price target for Genesis Energy’s stock from $14.00 to $15.00, maintaining an Outperform rating. Analysts at RBC Capital view the divestiture of the soda ash business as a strategic move to streamline operations and focus on the midstream business. These developments reflect a strategic shift for Genesis Energy, with a focus on leveraging its midstream assets and reducing financial leverage.
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