GEL (Genesis Energy LP) Return-on-Tangible-Equity: Negative Tangible Equity% (As of Jun. 2026)

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

GEL Genesis Energy LP GEL
60 GF Score
Price $16.00
GF Value $17.83
Valuation Modestly Undervalued
! 10 Warning Signs
View Full Analysis

What is Genesis Energy LP Return-on-Tangible-Equity?

Genesis Energy LP GEL +1.14% 60 Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 2026. GuruFocus rates GEL with a GF Score™ of 60/100 and a GF Value™ of $17.83 (Modestly Undervalued). The stock has 10 warning signs investors should review. Among 955 Oil & Gas companies, Genesis Energy LP ranks better than 99.9% on this metric.

Return-on-Tangible-Equity is calculated as Net Income divided by its average total shareholder tangible equity. Total shareholder tangible equity equals to Total Stockholders Equity minus Intangible Assets. Genesis Energy LP's annualized net income for the quarter that ended in Jun. 2026 was $171 Mil. Genesis Energy LP's average shareholder tangible equity for the quarter that ended in Jun. 2026 was $-346 Mil. Therefore, Genesis Energy LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 was Negative Tangible Equity%.

The historical rank and industry rank for Genesis Energy LP's Return-on-Tangible-Equity or its related term are showing as below:

GEL' s Return-on-Tangible-Equity Range Over the Past 10 Years
Min: -152.83   Med: 2.02   Max: 12.17
Current: Negative Tangible Equity

During the past 13 years, Genesis Energy LP's highest Return-on-Tangible-Equity was 12.17%. The lowest was -152.83%. And the median was 2.02%.

GEL's Return-on-Tangible-Equity is ranked better than
99.9% of 955 companies
in the Oil & Gas industry
Industry Median: 7.43 vs GEL: Negative Tangible Equity

Genesis Energy LP  (NYSE:GEL) Return-on-Tangible-Equity Explanation

Return-on-Tangible-Equity measures the rate of return on the ownership interest (shareholder's tangible equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' tangible equity (shareholders equity minus intangibles). Return-on-Tangible-Equity shows how well a company uses investment funds to generate earnings growth. Return-on-Tangible-Equitys between 15% and 20% are considered desirable.


Be Aware

Net Income is used.

Because a company can increase its Return-on-Tangible-Equity by having more financial leverage, it is important to watch the leverage ratio when investing in high Return-on-Tangible-Equity companies. Like Return-on-Tangible-Asset, Return-on-Tangible-Equity is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their Return-on-Tangible-Equitys can be extremely high.


Genesis Energy LP Return-on-Tangible-Equity Related Terms


Genesis Energy LP Return-on-Tangible-Equity Historical Data

* Premium members only.

The historical data trend for Genesis Energy LP's Return-on-Tangible-Equity 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.

Genesis Energy LP Return-on-Tangible-Equity Chart

Genesis Energy LP Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Return-on-Tangible-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only -15.17 7.42 12.17 -7.93 -152.83

Genesis Energy LP Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Return-on-Tangible-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity Negative Tangible Equity

GEL vs LPG, NGL, FLNG: Return-on-Tangible-Equity Comparison

For the Oil & Gas Midstream subindustry, Genesis Energy LP's Return-on-Tangible-Equity, along with its competitors' market caps and Return-on-Tangible-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Genesis Energy LP Return-on-Tangible-Equity vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Genesis Energy LP's Return-on-Tangible-Equity distribution charts can be found below:

* The bar in red indicates where Genesis Energy LP's Return-on-Tangible-Equity falls into.


GEL
60GF Score
Genesis Energy LP GEL
Return-on-Tangible-Equity is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

Genesis Energy LP Return-on-Tangible-Equity Calculation

Genesis Energy LP's annualized Return-on-Tangible-Equity for the fiscal year that ended in Dec. 2025 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=-440.403/( (715.72+-139.388 )/ 2 )
=-440.403/288.166
=-152.83 %

Genesis Energy LP's annualized Return-on-Tangible-Equity for the quarter that ended in Jun. 2026 is calculated as

Return-on-Tangible-Equity=Net Income/( (Total Tangible Equity+Total Tangible Equity)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=Net Income/( (Total Stockholders Equity - Intangible Assets+Total Stockholders Equity - Intangible Assets)/ count )
(Q: Jun. 2026 )  (Q: Mar. 2026 )(Q: Jun. 2026 )
=171.428/( (-306.908+-384.624)/ 2 )
=171.428/-345.766
=Negative Tangible Equity %

* 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.

In the calculation of annual Return-on-Tangible-Equity, the net income of the last fiscal year and the average total shareholder tangible equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Jun. 2026) net income data. Return-on-Tangible-Equity is displayed in the 10-year financial page.

What does a Return-on-Tangible-Equity of Negative Tangible Equity% mean?
Genesis Energy LP (GEL) has a Return-on-Tangible-Equity of Negative Tangible Equity% as of Jun. 2026. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Genesis Energy LP and its competitors. According to the industry distribution chart, Genesis Energy LP ranks #1 out of 955 companies in the Oil & Gas industry, placing it in the top 0.099999999999994%.
Is Genesis Energy LP's Return-on-Tangible-Equity too high?
Genesis Energy LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. Based on the distribution chart, Genesis Energy LP ranks #1 out of 955 companies in the Oil & Gas industry, which is in the top quartile — a strong position relative to peers. Overall, Genesis Energy LP has a GF Score™ of 60/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Genesis Energy LP's Return-on-Tangible-Equity compare to LPG and NGL?
According to the Oil & Gas industry distribution chart, Genesis Energy LP ranks #1 out of 955 companies for Return-on-Tangible-Equity. This places Genesis Energy LP in the top 0% of its industry — outperforming the majority of peers. The industry median Return-on-Tangible-Equity is 7.43. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Return-on-Tangible-Equity for an Oil & Gas company?
The median Return-on-Tangible-Equity among Oil & Gas companies is 7.43, based on 955 companies in the industry. Companies in the top quartile (top 25%) have a Return-on-Tangible-Equity significantly above this median, while those in the bottom quartile fall well below. However, Return-on-Tangible-Equity should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Return-on-Tangible-Equity mean?
A high Return-on-Tangible-Equity can signal that a stock is expensive relative to its fundamentals. Return on tangible equity is the ratio of current-period net income to average two-period tangible equity. View historical data on Genesis Energy LP and its competitors. For the Oil & Gas industry, the median Return-on-Tangible-Equity is 7.43 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Genesis Energy LP's current Return-on-Tangible-Equity is Negative Tangible Equity%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Genesis Energy LP stock overvalued right now?
Based on GuruFocus' analysis, Genesis Energy LP (GEL) is currently considered Modestly Undervalued. The stock's GF Value™ is $17.83, compared to a current price of $16.00 — trading 10.3% below its estimated fair value. The current Return-on-Tangible-Equity is Negative Tangible Equity%. Genesis Energy LP's overall GF Score™ is 60/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Return-on-Tangible-Equity calculated?
Return-on-Tangible-Equity is calculated from a company's financial statements. For Genesis Energy LP (GEL), the current Return-on-Tangible-Equity is Negative Tangible Equity% as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Genesis Energy LP (GEL) Overvalued in 2026?

Based on GuruFocus' analysis, Genesis Energy LP stock appears to be undervalued. The current stock price of $16.00 is trading 10.3% below its estimated GF Value™ of $17.83. GuruFocus considers Genesis Energy LP to be Modestly Undervalued.

Key valuation signals for GEL:

  • Return-on-Tangible-Equity: Negative Tangible Equity%
  • GF Value™: $17.83 vs. price of $16.00 (10.3% below fair value)
  • GF Score™: 60/100 with 10 warning signs

No single metric tells the full story. See the GEL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Genesis Energy LP Business Description

Industry EnergyOil & Gas
Address 811 Louisiana, Suite 1200, Houston, TX, USA, 77002
Genesis Energy LP focuses on the midstream segment of the crude oil and natural gas industry. It offers various services to crude oil and natural gas producers, and industrial and commercial enterprises. The company's reportable segments are: Offshore pipeline transportation, Marine transportation, and Onshore transportation and services. Maximum revenue is generated from the Offshore pipeline transportation segment, which includes the transportation and processing of crude oil and natural gas in the Gulf of America. The Marine transportation segment provides waterborne transportation of petroleum products and crude oil throughout North America; and the Onshore transportation and services segment deals with crude oil logistics, sour gas processing, and sells sulfur byproducts.
60GF Score

Get the complete analysis for GEL

Return-on-Tangible-Equity is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$16.00
Price
$17.83
GF Value