Genesis Energy (GEL) Operating Expenses (2010 - 2026)
Genesis Energy (GEL) reported Operating Expenses of $369.9 million for Q1 2026, down 1.7% year-over-year 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's Operating Expenses history runs 17 years deep, the most recent figure standing at $369.9 million for Q1 2026.
- Quarterly Operating Expenses fell 1.7% year-over-year to $369.9 million in Q1 2026, while the trailing twelve-month figure through Mar 2026 was $1.4 billion (down 8.38% YoY) and the FY2025 annual result came in at $1.4 billion, down 7.96% from the prior year.
- Operating Expenses was $369.9 million for Q1 2026 at Genesis Energy, up 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.
- Median Operating Expenses over the past 5 years was $380.4 million (2024), compared with a mean of $424.9 million.
- Across the five-year window, Operating Expenses slumped 200.07% in 2023 and soared 161.87% in 2024, its largest moves.
- Over 5 years, Operating Expenses stood at $622.4 million in 2022, then plunged 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 | Enbridge | 1,308.38 Bn | 1,309.08 Bn | 6.70 Bn | 13.95 Bn |
| 2 | Kinder Morgan | 112.34 Bn | 113.42 Bn | 3.08 Bn | 3.38 Bn |
| 3 | Enterprise Products Partners | 79.55 Bn | 78.40 Bn | - | 12.50 Bn |
| 4 | Energy Transfer | 65.78 Bn | 65.07 Bn | 6.62 Bn | 1.70 Bn |
| 5 | Targa Resources | 57.60 Bn | 57.63 Bn | 1.70 Bn | 333.70 Mn |
| 6 | Mplx | 57.17 Bn | 55.67 Bn | 2.54 Bn | 1.82 Bn |
| 7 | Oneok | 54.83 Bn | 54.70 Bn | 2.57 Bn | 7.00 Mn |
| 8 | Cheniere Energy Partners | 29.50 Bn | 29.22 Bn | 838.00 Mn | 274.00 Mn |
| 9 | Venture Global | 27.41 Bn | 27.36 Bn | 4.33 Bn | 3.45 Bn |
| 10 | Genesis Energy | 1.74 Bn | 1.73 Bn | 403.39 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 |