Offshore Pipeline Transportation was Genesis Energy’s largest segment in fiscal 2025, bringing in $531.90M of $850.53M (63%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2018 | FY 2019 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Supply & Logistics | — | — | — | — | |||||||||||
| Onshore Transportation & Services | — | $1.02B | $796.64M | -$863.00K | |||||||||||
| Onshore Facilities & Transportation | $859.91M | — | — | — | |||||||||||
| Soda & Sulfur Services | $1.15B | — | — | — | |||||||||||
| Offshore Pipeline Transportation | $319.05M | $382.15M | $404.92M | $531.90M | |||||||||||
| Sodium Minerals & Sulfur Services | — | — | — | — | |||||||||||
| Marine Transportation | $293.30M | $327.46M | $321.62M | $319.50M | |||||||||||
| Refinery Services | — | — | — | — | |||||||||||
| Offshore Pipeline Transportation Services | — | — | — | — | |||||||||||
| Pipeline Transportation | — | — | — | — | |||||||||||
| Total | $2.62B | $1.73B | $1.52B | $850.53M |
Genesis Energy brought in $850.53M from its three segments in fiscal 2025, the year ended December 31, 2025. That is less than the $2.10B it reports by product and service, so these segments do not cover all of its revenue. Offshore Pipeline Transportation was the largest at $531.90M (62.5%), ahead of Marine Transportation at $319.50M (37.6%).
Compared with fiscal 2024, Offshore Pipeline Transportation grew 31.4% to $531.90M, while Marine Transportation fell 0.7% to $319.50M.
Genesis Energy began breaking out Onshore Transportation & Services in fiscal 2023, when it brought in $1.02B. Genesis Energy stopped reporting Soda & Sulfur Services ($1.15B in fiscal 2022) and Onshore Facilities & Transportation ($859.91M in fiscal 2022) as separate segments. The total is net of Onshore Transportation & Services, which took $863.00K off revenue in fiscal 2025.
Product Sales was Genesis Energy’s largest product and service line in fiscal 2025, bringing in $634.15M of $2.10B (30%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Product Sales | $1.15B | $870.95M | — | $634.15M | ||||
| Onshore Transportation & Services | — | $1.01B | — | — | ||||
| Fee-Based Revenues | $319.05M | $1.14B | $1.19B | $531.90M | ||||
| Offshore Pipeline Transportation | $319.05M | $382.15M | $404.92M | $531.90M | ||||
| Marine Transportation | $293.30M | — | $321.62M | $319.50M | ||||
| Sulfur Services | $95.64M | $95.05M | $79.36M | $74.35M | ||||
| Refinery Services | — | — | — | — | ||||
| Fees | $9.70M | $10.00M | $10.30M | $10.60M | ||||
| Total | $2.19B | $3.51B | $2.01B | $2.10B |
Genesis Energy brought in $2.10B from its six product and service lines in fiscal 2025, the year ended December 31, 2025. Genesis Energy regrouped these lines after fiscal 2024, so the total does not compare directly with that year's $2.01B. Product Sales was the largest at $634.15M (30.2%), ahead of Fee-Based Revenues at $531.90M (25.3%) and Offshore Pipeline Transportation at $531.90M (25.3%). The other three lines brought in $404.45M combined.
Compared with fiscal 2024, Offshore Pipeline Transportation grew fastest, up 31.4% to $531.90M, while Fee-Based Revenues fell the most, down 55.3% to $531.90M. From fiscal 2022 to 2025, combined revenue from these lines fell from $2.19B to $2.10B, a compound annual decline of 1.3%. Product Sales' share of the total fell from 52.6% to 30.2%.
Genesis Energy stopped reporting Onshore Transportation & Services as a separate line after fiscal 2023, when it brought in $1.01B.
Guarantor Subsidiaries was Genesis Energy’s largest revenue line in fiscal 2018, bringing in $1.21B of $1.26B (96%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $2.22B | $972.79M | $1.02B | $1.21B |
| Non-Guarantor Subsidiaries | $38.24M | $20.50M | $591.46M | $50.35M |
| Total | $2.26B | $993.29M | $1.61B | $1.26B |
Genesis Energy brought in $1.26B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That was down 21.7% from $1.61B in fiscal 2017. Guarantor Subsidiaries was the largest at $1.21B (96.0%), ahead of Non-Guarantor Subsidiaries at $50.35M (4.0%).
Compared with fiscal 2017, Guarantor Subsidiaries grew 18.7% to $1.21B, while Non-Guarantor Subsidiaries fell 91.5% to $50.35M. From fiscal 2015 to 2018, combined revenue from these revenue lines fell from $2.26B to $1.26B, a compound annual decline of 17.5%. Guarantor Subsidiaries' share of the total fell from 98.3% to 96.0%.
Genesis Energy (GEL) reports its revenue by segment, by product and service and by consolidated entities. In fiscal 2025, Offshore Pipeline Transportation was its largest segment, bringing in $531.90M (62.5% of the total), followed by Marine Transportation at $319.50M (37.6%).
Offshore Pipeline Transportation was Genesis Energy's largest segment in fiscal 2025, bringing in $531.90M, or 62.5% of the $850.53M total across its three segments.
Product Sales was Genesis Energy's largest product and service line in fiscal 2025, bringing in $634.15M, or 30.2% of the $2.10B total across its six product and service lines.
Guarantor Subsidiaries was Genesis Energy's largest revenue line in fiscal 2018, bringing in $1.21B, or 96.0% of the $1.26B total across its two revenue lines.
Offshore Pipeline Transportation grew faster than Marine Transportation in fiscal 2025, up 31.4% from $404.92M to $531.90M. Marine Transportation fell 0.7% to $319.50M.
Every figure comes from Genesis Energy's annual financial filings, as reported. Each line keeps the name Genesis Energy gives it, and years follow its fiscal calendar.
Genesis Energy's revenue by segment goes back to fiscal 2009, with figures through fiscal 2025. The latest four fiscal years are free to view, and the full history is available with a Business Quant subscription.