GEL (Genesis Energy LP) Interest Expense : $-275 Mil (TTM As of Dec. 2024)

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What is Genesis Energy LP Interest Expense?

Interest Expense is the amount reported by a company or individual as an expense for borrowed money. Genesis Energy LP's interest expense for the three months ended in Dec. 2024 was $ -73 Mil. Its interest expense for the trailing twelve months (TTM) ended in Dec. 2024 was $-275 Mil.

Interest Coverage is a ratio that determines how easily a company can pay interest expenses on outstanding debt. It is calculated by dividing a company's Operating Income(EBIT) by its Interest Expense. Genesis Energy LP's Operating Income for the three months ended in Dec. 2024 was $ 75 Mil. Genesis Energy LP's Interest Expense for the three months ended in Dec. 2024 was $ -73 Mil. Genesis Energy LP's Interest Coverage for the quarter that ended in Dec. 2024 was 1.03. The higher the ratio, the stronger the company's financial strength is. Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Genesis Energy LP Interest Expense Historical Data

The historical data trend for Genesis Energy LP's Interest Expense can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Genesis Energy LP Interest Expense Chart

Genesis Energy LP Annual Data

Trend

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Interest Expense

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-209.78

-233.72

-226.16

-235.12

-275.37

Genesis Energy LP Quarterly Data
	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24
Interest Expense	Get a 7-Day Free Trial															-58.10	-65.85	-67.81	-69.04	-72.67

Genesis Energy LP Interest Expense Calculation

Interest Expense is the amount reported by a company or individual as an expense for borrowed money.

Interest Expense for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was $-275 Mil.

Genesis Energy LP (NYSE:GEL) Interest Expense Explanation

Note: If both Interest Expense and Interest Income are empty, while Net Interest Income is negative, then use Net Interest Income as Interest Expense.

Genesis Energy LP's Interest Expense for the three months ended in Dec. 2024 was $-73 Mil. Its Operating Income for the three months ended in Dec. 2024 was $75 Mil. And its Long-Term Debt & Capital Lease Obligation for the three months ended in Dec. 2024 was $4,107 Mil.

Genesis Energy LP's Interest Coverage for the quarter that ended in Dec. 2024 is calculated as

Interest Coverage	=	-1	*	Operating Income (Q: Dec. 2024 )	/	Interest Expense (Q: Dec. 2024 )
	=	-1	*	75.103	/	-72.673
	=	1.03

The higher the ratio, the stronger the company's financial strength is.

Warning Sign:

Ben Graham prefers companies' interest coverage to be at least 5. Genesis Energy LPs earnings cannot cover its interest expense. If the situation continues, the company may have to issue more debt.

Genesis Energy LP Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Genesis Energy LP (NYSE:GEL) » Definitions » Interest Expense

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Traded in Other Exchanges

N/A

Address

811 Louisiana, Suite 1200, Houston, TX, USA, 77002

Website

https://www.genesisenergy.com

Genesis Energy LP is a limited partnership company that focuses on the midstream segment of the crude oil and natural gas industry. It engages in providing services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are offshore pipeline transportation, sodium minerals, and sulfur services, onshore facilities and transportation, and marine transportation. It generates maximum revenue from the offshore pipeline transportation segment which conducts crude oil and natural gas pipeline transportation and handling operations in the Gulf of Mexico through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies.

Executives

Garland G Gaspard	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Ryan S Sims	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Jeffrey J Rasmussen	officer: VP & GM - Refinery Services	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Edward T Flynn	officer: President, Genesis Alkali, LLC	1735 MARKET STREET, PHILADELPHIA PA 19103
William W Rainsberger	officer: SVP - Offshore	919 MILAM SUITE 2100, HOUSTON TX 77002
Scott A Sims	officer: VP - Offshore	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
Louis V Nicol	officer: SVP & Chief Accounting Officer	811 LOUISIANA STREET, SUITE 1200, HOUSTON TX 77002
James E Davison	director	2000 FARMERVILLE HIGHWAY, RUSTON LA 71270
Grant E Sims	director, officer: Chief Executive Officer	919 MILAM SUITE 2100, HOUSTON TX 77002
William Stanton Goloway	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Albert Conrad P	director	919 MILAM SUITE 2100, HOUSTON TX 77002
Kristen O Jesulaitis	officer: General Counsel & Secretary	919 MILAM SUITE 2100, HOUSTON TX 77002
Davison James E. Jr.	director	500 SOUTH SERVICE ROAD EAST, RUSTON LA 71270
Richard R Alexander	officer: Vice President	919 MILAM SUITE 2100, HOUSTON TX 77002
Sharilyn S Gasaway	director	ONE ALLIED DRIVE, LITTLE ROCK AR 72202