Genesis Energy LP

Genesis Energy LP

Genesis Energy LP

Overview
Date Founded

1996

Headquarters

919 Milam Street,Suite 2100,Houston, TX 77002

Type of Company

Public

Employees (Worldwide)

2,200

Industries

Oil & Gas
Other Business & Consulting Services
IT Consulting & Services
Alternative Energy
Power & Utilities
Marine Shipping
Shipping & Delivery

Company Description

Genesis Energy LP operates as a master limited partnership, which focuses on midstream segment of the oil and gas industry. It provides suite of midstream services and produces natural soda ash. The company operates through the following segments: Offshore Pipeline Transportation, Sodium Minerals & Sulfur Services, Onshore Facilities & Transportation and Marine Transportation. The Offshore Pipeline Transportation segment owns interests in crude oil and natural gas pipeline transportation and handling operations through its offshore pipeline transportation segment, which focuses on providing a suite of services to integrated and large independent energy companies who make intensive capital investments to develop numerous large-reservoir, long-lived crude oil and natural gas properties in the gulf of Mexico, primarily offshore Texas, Louisiana, Mississippi and Alabama. The Sodium Minerals & Sulfur Services segment owns the leasehold position of accessible trona ore reserves in the Green River trona patch, a geological formation holding the vast majority of the world's accessible trona ore reserves. The Onshore Facilities & Transportation segment owns and leases integrated suite of onshore crude oil and refined products infrastructure, including pipelines, trucks, terminals, railcars, and rail loading and unloading facilities. The Marine Transportation segment provides transportation services. Genesis Energy was founded in December 1996 and is headquartered in Houston, TX.

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Executives & Employees

Chairman of the Board, Chief Executive Officer of the General Partner

Chief Financial Officer of the General Partner

General Counsel

Vice President & General Manager, Marine

Vice President & General Manager, Refinery Services

Senior Director, Offshore Pipelines & Facilities

Senior Vice President & Controller

Executive Vice President, President Genesis Alkali

Senior Vice President, Finance & Corporate Development

Senior Vice President, Operations & Engineering

Board of Directors

Chairman of the Board, Chief Executive Officer of the General Partner at Genesis Energy LP

Director of the General Partner at Genesis Energy LP

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Owners & Shareholders
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AAI offers innovative investment solutions designed to help advisors and investors build better portfolios. Through both their alternative investment products and access to specialty asset managers, the firm seeks to deliver portfolio solutions that allow investors to diversify their core holdings and obtain exposure to attractive investment themes. The firm's exposure to alternatives and specialty managers is achieved primarily through ETFs, exchange-traded products, closed-end funds and open-end funds with the goal of providing access that is registered, liquid and fully transparent. AAI currently does not research or actively recommend specific portfolio securities. Rather, the firm collects, validates and utilizes quantitative data and information from various sources with the goal of identifying one or more sub-advisors that are appropriate to their respective investment objectives and that provide an appropriate mix of diversified investment styles or alternatively through products that are passively managed, and track a designated index.

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Chickasaw Capital Management (CCM) may offer advice on the following as well as the foreign equivalents of the following investment products: equity securities; MLPs; corporate debt securities; municipal securities; US government and US agency securities; commercial paper; CDs; convertible securities, mutual funds; preferred securities; option contracts on securities; warrants; interests in partnerships investing in real estate, oil and gas and others; currencies; derivatives; private placements; and limited partnership interests. The firm uses a variety of investment strategies, including MLP, equity and core investment strategies. To implement their strategies, CCM may make long-term purchases, short-term purchases, or engage in short sales, short-term trading and margin transactions. The firm's investment philosophy is founded on building a portfolio that has the opportunity for solid total returns from the ownership of public companies with growing earnings, the revaluation of a company's earnings to higher multiple, or from both earnings growth and multiple expansion. CCM seeks long-term appreciation by investing in high-quality companies with superior management in a variety of situations, including small, medium and large public companies.

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Tortoise Capital Advisors' primary investment strategy is fundamentals based, long-only, with an emphasis on managing risk which they define as the potential for a permanent loss of capital. However, their investment strategies may include short-term purchases and trading where appropriate, as indicated by their fundamental and technical analysis. The firm may employ other strategies for investment company clients involving leveraging and hedging, or writing (selling) covered call options on selected equity securities in the client's portfolio. These other strategies may include currency hedging transactions and interest rate transactions such as swaps, caps and floors. Tortoise Capital Advisors evaluate companies operating in the entire energy value chain to gain a better understanding of the impact on the firm's respective investments. They have primary coverage on all midstream MLPs and pipeline c-corporations in the investment universe, and a majority of the large energy and power companies. Tortoise Capital Advisors have secondary coverage on all other MLPs, as well as a majority of the energy value chain in their investment universe.

Recent Transactions
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Tailwater Capital LLC, Silver Creek Midstream LLC purchase Genesis Energy LP /Powder River Midstream Assets from Genesis Energy LP

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Exxon Mobil Corporation purchases Genesis Energy LP /Wink Oil Terminal from Genesis Energy LP

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Genesis Energy LP purchases Tronox Alkali Corp. from Tronox Ltd.

Insider Transactions
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Transaction Advisors
Auditor

Advised onGenesis Energy LP issued USD Common Units

Escrow Agent

Advised onGenesis Energy LP issued USD Common Units

Legal Advisor

Advised onGenesis Energy LP issued USD Common Units

Legal Advisor

Advised onGenesis Energy LP purchases Fargo Petroleum LLC

Director

Advised onGenesis Energy LP issued USD Common Units

Legal Advisor

Advised onGenesis Energy LP issued USD Common Units

Advisors & Consultants
Advisor

Former President & Chief Operating Officer at Genesis Energy LP

Clients

Hess Corp is an exploration and production company, which engages in exploration, development, production, transportation, purchase & sale of crude oil, natural gas liquids and natural gas with production operations. It operates through the following segments: Exploration and Production and Midstream. The Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, natural gas liquids and natural gas. The Midstream segment provides fee-based services including crude oil and natural gas gathering, processing of natural gas and the fractionation of natural gas liquids, transportation of crude oil by rail car, terminaling and loading crude oil and natural gas liquids, and the storage and terminaling of propane, primarily in the Bakken shale play of North Dakota. The company was founded by Leon Hess in 1920 and is headquartered in New York, NY.

Freeport-McMoRan, Inc. engages in the mining of copper, gold, and molybdenum. It operates through the following segments: North America Copper Mines; South America Mining; Indonesia Mining; Molybdenum Mines; Rod and Refining; Atlantic Copper Smelting and Refining; and Corporate, Other, and Eliminations. The North America Copper Mines segment operates open-pit copper mines in Morenci, Bagdad, Safford, Sierrita and Miami in Arizona; and Chino and Tyrone in New Mexico. The South America Mining segment includes Cerro Verde in Peru and El Abra in Chile. The Indonesia Mining segment handles the operations of Grasberg minerals district that produces copper concentrate that contains significant quantities of gold and silver. The Molybdenum Mines segment includes the Henderson underground mine and Climax open-pit mine, both in Colorado. The Rod and Refining segment consists of copper conversion facilities located in North America, and includes a refinery, rod mills, and a specialty copper products facility. The Atlantic Copper Smelting and Refining segment smelts and refines copper concentrate and markets refined copper and precious metals in slimes. The Corporate, Other, and Eliminations segment consists of other mining and eliminations, oil and gas operations, and other corporate and elimination items. The company was founded by James R. Moffett on November 10, 1987 and is headquartered in Phoenix, AZ.

Chevron is one of the world's leading integrated energy companies and conducts business worldwide. Our success is driven by our people and their commitment to get results the right way—by operating responsibly, executing with excellence, applying innovative technologies and capturing new opportunities for profitable growth. We are involved in virtually every facet of the energy industry. We explore for, produce and transport crude oil and natural gas; refine, market and distribute transportation fuels and lubricants; manufacture and sell petrochemical products; generate power and produce geothermal energy; provide energy efficiency solutions; and develop the energy resources of the future, including research for advanced biofuels.

Key Stats and Financials As of 2019
Market Capitalization
$686M
Total Enterprise Value
$6.96B
Earnings Per Share
$0.18
Revenue
$2.48B
Total Equity
$2.35B
Net Profit
$96M
Three Year Compounded Annual Growth Rate Of Revenue
13.15%
Five Year Compounded Annual Growth Rate Of Revenue
-8.4%
EBITDAMargin
24.53%
Enterprise Value EBITDAOperating
11.15x
TEVNet Income
72.49x
Debt TEV
0.52x
Enterprise Value Sales
2.81x
Total Debt
$3.6B
EBITDA
$609M
Non-Profit Donations & Grants
$141K
2011
Investors
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Owner at Fuel Masters LLC

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Chairman of the Board, Chief Executive Officer of the General Partner at Genesis Energy LP

Suppliers
Goodrich Petroleum Corp. Oil & Gas | Houston, TX

Goodrich Petroleum Corporation (together with its subsidiary, "we," "our," or "the Company") is an independent oil and natural gas company engaged in the exploration, development and production of oil and natural gas on properties primarily in Northwest Louisiana, East Texas and South Texas. The geological formations we target are the Haynesville Shale and Cotton Valley Taylor Sand in Northwest Louisiana and East Texas, the Eagle Ford Shale and Buda Lime formations in South Texas and the Tuscaloosa Marine Shale in Southeast Louisiana and Southwest Mississippi. In the current natural gas price environment, we are concentrating the vast majority of our development efforts on existing leased acreage within formations that are prospective for oil. In addition, we continue to aggressively pursue the evaluation and acquisition of prospective acreage and oil and natural gas drilling opportunities outside of our existing leased acreage. We own working interests in 401 producing oil and natural gas wells located in 29 fields in five states. At December 31, 2011, we had estimated proved reserves of approximately 463.5 Bcf of natural gas, 0.5 MMBbls of natural gas liquids (NGLs) and 5.8 MMBbls of oil and condensate. Our business strategy is to provide long term growth in reserves on a cost-effective basis. We focus on adding reserve value through the development of our Haynesville Shale, Cotton Valley Taylor Sand and Eagle Ford Shale Trend acreage and the timely development of our large relatively low risk development program in the Northwest Louisiana, East Texas and South Texas area. We regularly evaluate possible acquisitions of prospective acreage and oil and natural gas drilling opportunities. Headquartered in Houston, Texas, Goodrich Petroleum is a publicly traded Company on the New York Stock Exchange under the symbol "GDP".

Ergon, Inc. Oil & Gas | Jackson, MS

Ergon, Inc. engages in the processing and marketing of crude oil, naphthenic and paraffinic specialty oils, asphalt products, road maintenance products, and machinery. It provides administrative services to its operating divisions and subsidiaries. Its services include accounting, business process management, communications, credit, customer service, engineering, environmental health and safety, finance, human resources, information technology, internal audit, logistics, procurement, risk management, supply and distribution, tax, training, travel, and treasury. The company was founded by Leslie B. Lampton Sr., in 1954 and is headquartered in Jackson, MS.

Petróleos de Venezuela SA Oil & Gas | Caracas, Venezuela

Petróleos de Venezuela SA is a gas and oil company. It is engaged in exploring, extracting, transporting, manufacturing, refining, storing, and marketing crude oil and other hydrocarbons. The company was founded in 1975 and is headquartered in Caracas, Venezuela.

Competitors
Church & Dwight Co., Inc. Personal Products - Ewing, NJ

Church & Dwight Co., Inc. engages in the development, manufacture, and market of household, personal care, and specialty products. It operates through the following segments: Consumer Domestic, Consumer International, and Specialty Products. The Consumer Domestic segment offers household products, such as laundry detergents, fabric softener sheets, cat litter, and household cleaning products; and personal care products including antiperspirants, oral care products, depilatories, reproductive health products, oral analgesics, nasal saline moisturizers, and dietary supplements. The Consumer International segment offers personal care products, household and over-the counter products in Canada, France, Australia, China, the United Kingdom, Mexico, and Brazil. The Specialty Products segment consists of sales to businesses which participated in different product areas, namely animal productivity, specialty chemicals, and specialty cleaners. The company was founded by Dwight John and Austin Church in 1846 and is headquartered in Ewing, NJ.

Nirma Ltd. Personal Products - Ahmedabad, India

Nirma Ltd. engages in the manufacture of consumer and industrial products. It offers soap, detergents, edible salt, and scouring products, and its industrial products include linear alkyl benzene, alfa olefin sulfonate, sulfuric acid, glycerin, soda ash, pure salt, vacuum evaporated iodized salt, single super phosphate, and sodium silicate. The company was founded by Karsanbhai Khodidas Patel in 1969 and is headquartered in Ahmedabad, India.

Tata Chemicals Ltd. Chemicals - Mumbai, India

Tata Chemicals Limited is a global company with interests in businesses that focus on LIFE: Living, Industry and Farm Essentials. The story of the company is about harnessing the fruits of science for goals that go beyond business. This story began in Mithapur, Gujarat in western India with the creation of a plant that would raise a wealth of marine chemicals from the ocean, with the potential to touch human lives in many ways. From these humble beginnings a market-leading international business has been created, with operations across four continents. Through its living essentials portfolio the company has positively impacted the lives of millions of Indians. Tata Chemicals is the pioneer and market leader in India’s branded Iodised salt segment. With the introduction of an innovative, low-cost, nanotechnology-based water purifier, it is providing affordable, safe drinking water to the masses. Tata Chemicals is the world’s second largest producer of soda ash with manufacturing facilities in Asia, Europe, Africa and North America. The company’s industry essentials product range provides key ingredients to some of the world’s largest manufacturers of glass, detergents and other industrial products. With its farm essentials portfolio the company has carved a niche in India as a crop nutrients provider. It is a leading manufacturer of urea and phosphatic fertilisers and, through its subsidiary, Rallis, has a strong position in the crop protection business. The Tata Chemicals Innovation Centre is home to world-class R&D capabilities in the emerging areas of nanotechnology and biotechnology. The company’s Centre for Agri-Solutions and Technology provides advice on farming solutions and crop nutrition practices. The company has also entered into a JV with Singapore’s Temasek Life Sciences Laboratory (Joil) to develop jatropha seedlings to enable bio fuels capability. In line with its mission, ‘serving society through science’, the company is applying its expertise in sciences, to develop high-tech and sustainable products.

Awards & Honors
Rank #908
2016
Fortune Magazine - Fortune 1000 Companies
Sponsored by Fortune Magazine
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