Genesis Energy (GEL) Operating Expenses (2010 - 2026)
Genesis Energy (GEL) reported Operating Expenses of $369.9 million for Q1 2026, down 1.7% on a YoY basis from $376.3 million in Q1 2025, and up 5.44% sequentially from $350.8 million in Q4 2025.
Genesis Energy (GEL) Operating Expenses (2010 - 2026) Analysis & Trends
Genesis Energy (GEL) has 17 years of Operating Expenses data on file, last reported at $369.9 million in Q1 2026.
- For the quarter ending Q1 2026, Operating Expenses fell 1.7% year-over-year to $369.9 million; the trailing twelve-month figure through Mar 2026 stood at $1.4 billion (down 8.38% YoY), and the FY2025 full-year result was $1.4 billion, down 7.96% from the prior year.
- Operating Expenses grew to $369.9 million in Q1 2026, from $350.8 million in the prior quarter.
- In the past five years, Operating Expenses ranged from a high of $741.2 million in Q1 2023 to a low of -$622.8 million in Q4 2023.
- A 5-year average of $424.9 million and a median of $380.4 million in 2024 frame the typical range for Operating Expenses.
- Across the five-year window, Operating Expenses sank 200.07% in 2023 and jumped 161.87% in 2024, its largest moves.
- Tracing GEL's Operating Expenses over 5 years: stood at $622.4 million in 2022, then slumped by 200.07% to -$622.8 million in 2023, then jumped by 161.87% to $385.4 million in 2024, then slipped by 8.96% to $350.8 million in 2025, then rose by 5.44% to $369.9 million in 2026.
- Business Quant data shows GEL's Operating Expenses at $369.9 million in Q1 2026, $350.8 million in Q4 2025, and $335.4 million in Q3 2025.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | DHT Holdings | 2,706.13 Bn | 2,706.00 Bn | 167.16 Mn | 78.81 Mn |
| 2 | Flex LNG | 1,674.16 Bn | 1,673.77 Bn | 61.79 Mn | -21.81 Mn |
| 3 | Kinder Morgan | 112.74 Bn | 113.82 Bn | 3.07 Bn | 3.13 Bn |
| 4 | Enbridge | 89.82 Bn | 89.03 Bn | 6.70 Bn | 13.95 Bn |
| 5 | Enterprise Products Partners | 83.97 Bn | 82.82 Bn | - | 12.50 Bn |
| 6 | Tc Energy | 72.76 Bn | 73.95 Bn | 1.36 Bn | 915.00 Mn |
| 7 | Energy Transfer | 70.27 Bn | 69.30 Bn | 6.62 Bn | 24.79 Bn |
| 8 | Targa Resources | 61.30 Bn | 61.34 Bn | 1.70 Bn | 333.70 Mn |
| 9 | Oneok | 61.15 Bn | 61.02 Bn | 8.98 Bn | 7.00 Mn |
| 10 | Genesis Energy | 1.85 Bn | 1.84 Bn | 446.56 Mn | 369.94 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 369.94 Mn |
| Dec 31, 2025 | 350.84 Mn |
| Sep 30, 2025 | 335.41 Mn |
| Jun 30, 2025 | 309.63 Mn |
| Mar 31, 2025 | 376.34 Mn |
| Dec 31, 2024 | 385.37 Mn |
| Sep 30, 2024 | 348.71 Mn |
| Jun 30, 2024 | 380.40 Mn |
| Mar 31, 2024 | 376.39 Mn |
| Dec 31, 2023 | -622.84 Mn |
| Sep 30, 2023 | 695.92 Mn |
| Jun 30, 2023 | 701.88 Mn |
| Mar 31, 2023 | 741.23 Mn |
| Dec 31, 2022 | 622.38 Mn |
| Sep 30, 2022 | 646.15 Mn |
| Jun 30, 2022 | 625.14 Mn |
| Mar 31, 2022 | 580.28 Mn |
| Dec 31, 2021 | 593.94 Mn |
| Sep 30, 2021 | 484.33 Mn |
| Jun 30, 2021 | 478.32 Mn |