Genesis Energy Earnings Preview: Get Ahead of the Analysts

Genesis Energy Lp (NYSE:GEL) will report earnings before markets open on Thursday, May 2nd. Genesis Energy, L.P. owns and operates crude oil gathering, marketing, and pipeline operations. The Company purchases and aggregates crude oil at the wellhead and at pipeline and terminal facilities for resale to refineries and other customers. Genesis Energy operates principally in Texas, Louisiana, New Mexico, Florida, Mississippi, Kansas, and Oklahoma.

Here is your Cheat Sheet to Genesis Energy Lp Earnings:

Earnings Expectations: Analysts expect earnings of $0.35 per share on revenues of $1.13 billion. Currently, the company’s P/E ratio stands at 39.84.

Analyst Trends:

Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.39 to a profit $0.36. For the current year, the average estimate is a profit of $1.52, which is worse than the estimate ninety days ago.

Earnings Trends:

Here’s how Genesis Energy Lp has been performing on an annual basis:

Fiscal Year 2008 2009 2010 2011 2012
Revenue ($) in millions 2,142 1,435 2,101 3,090 4,070
Diluted EPS ($) 0.59 0.51 -0.49 0.75 1.23

Next, our CHEAT SHEET investing framework asks us to drill down to the recent quarterly data:

Quarter Dec. 31, 2011 Mar. 31, 2012 Jun. 30, 2012 Sep. 30, 2012 Dec. 31, 2012
Revenue ($) in millions 806.88 932.94 922.67 942.33 1,272
Diluted EPS ($) 0.1079 0.27 0.23 0.39 0.3316

Past Performance:
Genesis Energy Lp has beat analyst estimates 1 time in the past four quarters. This is not consistent enough to get bullish yet.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)