Onshore Transportation & Services was Genesis Energy’s largest segment in fiscal 2025, bringing in $779.02M of $1.63B (48%).
| Segment | FY 2009 | FY 2010 | FY 2011 | FY 2012 | FY 2013 | FY 2014 | FY 2015 | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Supply & Logistics | — | — | — | — | |||||||||||||
| Soda & Sulfur Services | $1.25B | — | — | — | |||||||||||||
| Onshore Transportation & Services | — | $1.01B | $934.30M | $779.02M | |||||||||||||
| Onshore Facilities & Transportation | $928.53M | — | — | — | |||||||||||||
| Sodium Minerals & Sulfur Services | — | — | — | — | |||||||||||||
| Offshore Pipeline Transportation | $319.05M | $382.15M | $404.92M | $531.90M | |||||||||||||
| Marine Transportation | $293.30M | $327.46M | $321.62M | $319.50M | |||||||||||||
| Refinery Services | — | — | — | — | |||||||||||||
| Offshore Pipeline Transportation Services | — | — | — | — | |||||||||||||
| Pipeline Transportation | — | — | — | — | |||||||||||||
| Total | $2.79B | $1.72B | $1.66B | $1.63B |
Genesis Energy brought in $1.63B from its three segments in fiscal 2025, the year ended December 31, 2025. That was down 1.8% from $1.66B in fiscal 2024. Onshore Transportation & Services was the largest at $779.02M (47.8%), ahead of Offshore Pipeline Transportation at $531.90M (32.6%) and Marine Transportation at $319.50M (19.6%).
Compared with fiscal 2024, Offshore Pipeline Transportation grew fastest, up 31.4% to $531.90M, while Onshore Transportation & Services fell the most, down 16.6% to $779.02M.
Genesis Energy began breaking out Onshore Transportation & Services in fiscal 2023, when it brought in $1.01B. Genesis Energy stopped reporting Soda & Sulfur Services ($1.25B in fiscal 2022) and Onshore Facilities & Transportation ($928.53M in fiscal 2022) as separate segments.
Fee-Based Revenues was Genesis Energy’s largest product and service line in fiscal 2025, bringing in $921.91M of $1.63B (57%).
| Product and Service | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 |
|---|---|---|---|---|---|---|---|---|
| Product Sales | — | $870.95M | $796.64M | $634.15M | ||||
| Soda & Sulfur Services | $1.25B | — | — | — | ||||
| Onshore Facilities & Transportation | $928.53M | — | — | — | ||||
| Fee-Based Revenues | — | $755.32M | $784.83M | $921.91M | ||||
| Offshore Pipeline Transportation | $319.05M | — | — | — | ||||
| Marine Transportation | $293.30M | — | — | — | ||||
| Sulfur Services | — | $95.05M | $79.36M | $74.35M | ||||
| Refinery Services | — | — | — | — | ||||
| Total | $2.79B | $1.72B | $1.66B | $1.63B |
Genesis Energy brought in $1.63B from its three product and service lines in fiscal 2025, the year ended December 31, 2025. That was down 1.8% from $1.66B in fiscal 2024. Fee-Based Revenues was the largest at $921.91M (56.5%), ahead of Product Sales at $634.15M (38.9%) and Sulfur Services at $74.35M (4.6%).
Compared with fiscal 2024, Fee-Based Revenues grew fastest, up 17.5% to $921.91M, while Product Sales fell the most, down 20.4% to $634.15M.
Genesis Energy began breaking out Sulfur Services in fiscal 2023, when it brought in $95.05M. Genesis Energy stopped reporting Soda & Sulfur Services ($1.25B in fiscal 2022), Onshore Facilities & Transportation ($928.53M in fiscal 2022), Offshore Pipeline Transportation ($319.05M in fiscal 2022) and one other as separate lines.
Guarantor Subsidiaries was Genesis Energy’s largest revenue line in fiscal 2018, bringing in $2.89B of $2.92B (99%).
| Consolidated Entities | FY 2015 | FY 2016 | FY 2017 | FY 2018 |
|---|---|---|---|---|
| Guarantor Subsidiaries | $2.22B | $1.69B | $1.73B | $2.89B |
| Non-Guarantor Subsidiaries | $38.24M | $28.37M | $305.20M | $30.73M |
| Total | $2.26B | $1.72B | $2.04B | $2.92B |
Genesis Energy brought in $2.92B from its two revenue lines in fiscal 2018, the year ended December 31, 2018. That was up 43.4% from $2.04B in fiscal 2017. Guarantor Subsidiaries was the largest at $2.89B (98.9%), ahead of Non-Guarantor Subsidiaries at $30.73M (1.1%).
From fiscal 2015 to 2018, combined revenue from these revenue lines grew from $2.26B to $2.92B, a compound annual growth rate of 9.0%. Guarantor Subsidiaries' share of the total rose from 98.3% to 98.9%.
Genesis Energy (GEL) reports its revenue by segment, by product and service and by consolidated entities. In fiscal 2025, Onshore Transportation & Services was its largest segment, bringing in $779.02M (47.8% of the total), followed by Offshore Pipeline Transportation at $531.90M (32.6%).
Onshore Transportation & Services was Genesis Energy's largest segment in fiscal 2025, bringing in $779.02M, or 47.8% of the $1.63B total across its three segments.
Fee-Based Revenues was Genesis Energy's largest product and service line in fiscal 2025, bringing in $921.91M, or 56.5% of the $1.63B total across its three product and service lines.
Guarantor Subsidiaries was Genesis Energy's largest revenue line in fiscal 2018, bringing in $2.89B, or 98.9% of the $2.92B total across its two revenue lines.
Among Genesis Energy's segments that make up at least 2% of revenue, Offshore Pipeline Transportation grew fastest in fiscal 2025, up 31.4% from $404.92M to $531.90M.
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.