GENESIS ENERGY LP (GEL)

NYSE · Pipe Lines (No Natural Gas)

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

67 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-18 — see the exhibit.

Which other public companies file entities in the same places:

Subsidiaries of GENESIS ENERGY LP as disclosed in its SEC filing
Entity	Jurisdiction	Note
AP MARINE, LLC	DELAWARE
BR PORT SERVICES, LLC	DELAWARE
CAMERON HIGHWAY PIPELINE GP, L.L.C.	DELAWARE
CAMERON HIGHWAY PIPELINE I, L.P.	DELAWARE
CASPER EXPRESS PIPELINE, LLC	DELAWARE
DAVISON PETROLEUM SUPPLY, LLC	DELAWARE
DAVISON TRANSPORTATION SERVICES, INC.	DELAWARE
DAVISON TRANSPORTATION SERVICES, LLC	DELAWARE
DEEPWATER GATEWAY, L.L.C.	DELAWARE
FLEXTREND DEVELOPMENT COMPANY, L.L.C.	DELAWARE
GEL CHOPS GP, LLC	DELAWARE
GEL CHOPS I, L.P.	DELAWARE
GEL CHOPS II, L.P.	DELAWARE
GEL DEEPWATER, LLC	DELAWARE
GEL IHUB, LLC	DELAWARE
GEL LOUISIANA FUELS, LLC	DELAWARE
GEL ODYSSEY, LLC	DELAWARE
GEL OFFSHORE PIPELINE, LLC	DELAWARE
GEL OFFSHORE, LLC	DELAWARE
GEL PALOMA, LLC	DELAWARE
GEL PIPELINE OFFSHORE, LLC	DELAWARE
GEL POSEIDON, LLC	DELAWARE
GEL SEKCO, LLC	DELAWARE
GEL SYNC LLC	DELAWARE
GEL TEX MARKETING, LLC	DELAWARE
GEL TEXAS PIPELINE, LLC	DELAWARE
GEL WYOMING, LLC	DELAWARE
GENESIS ALKALI HOLDINGS COMPANY, LLC	DELAWARE
GENESIS BR, LLC	DELAWARE
GENESIS CHOPS I, LLC	DELAWARE
GENESIS CHOPS II, LLC	DELAWARE
GENESIS CRUDE OIL, L.P.	DELAWARE
GENESIS DAVISON, LLC	DELAWARE
GENESIS DEEPWATER HOLDINGS, LLC	DELAWARE
GENESIS ENERGY FINANCE CORPORATION	DELAWARE
GENESIS ENERGY, LLC	DELAWARE
GENESIS GTM OFFSHORE OPERATING COMPANY, LLC	DELAWARE
GENESIS IHUB HOLDINGS, LLC	DELAWARE
GENESIS MARINE, LLC	DELAWARE
GENESIS ODYSSEY, LLC	DELAWARE
GENESIS OFFSHORE HOLDINGS, LLC	DELAWARE
GENESIS OFFSHORE, LLC	DELAWARE
GENESIS PIPELINE ALABAMA, LLC	ALABAMA
GENESIS PIPELINE TEXAS, L.P.	DELAWARE
GENESIS PIPELINE USA, L.P.	DELAWARE
GENESIS POSEIDON HOLDINGS, LLC	DELAWARE
GENESIS POSEIDON, LLC	DELAWARE
GENESIS RAIL SERVICES, LLC	DELAWARE
GENESIS SAILFISH HOLDINGS, LLC	DELAWARE
GENESIS SEKCO, LLC	DELAWARE
GENESIS SMR HOLDINGS, LLC	DELAWARE
GENESIS SYNGAS INVESTMENTS, L.P.	DELAWARE
GENESIS TEXAS CITY TERMINAL, LLC	DELAWARE
HIGH ISLAND OFFSHORE SYSTEM, L.L.C.	DELAWARE
MANTA RAY GATHERING COMPANY, L.L.C.	TEXAS
MATAGORDA OFFSHORE, LLC	TEXAS
MILAM SERVICES, INC.	DELAWARE
POSEIDON PIPELINE COMPANY, L.L.C.	DELAWARE
RED RIVER TERMINALS, L.L.C.	LOUISIANA
SAILFISH PIPELINE COMPANY, L.L.C.	DELAWARE
SEAHAWK SHORELINE SYSTEM, LLC	TEXAS
SOUTHEAST KEATHLEY CANYON PIPELINE COMPANY, LLC	DELAWARE
SYNC PIPELINE LLC	DELAWARE
TDC SERVICES, LLC	DELAWARE
TDC, L.L.C.	LOUISIANA
TEXAS CITY CRUDE OIL TERMINAL, LLC	DELAWARE
THUNDER BASIN HOLDINGS, LLC	DELAWARE

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 8

FAILReturn on assets positiveROA -9.1%
PASSOperating cash flow positiveOCF 253M
FAILReturn on assets improving-0.9% → -9.1%
PASSCash flow exceeds earningsOCF 253M vs NI -440M
FAILLong-term debt ratio falling58.5% → 62.7% of assets
FAILCurrent ratio improving1.06 → 0.98
PASSNo share dilution122M → 122M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.42× → 0.34×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.8B	−$416.7M	$152.6M	—	122,579,000
FY2021	$2.1B	−$165.1M	$36.6M	—	122,579,000
FY2022	$2.8B	$75.5M	−$89.8M	—	122,579,000
FY2023	$3.2B	$117.7M	−$98.9M	—	122,535,000
FY2024	$3.0B	−$63.9M	−$195.2M	—	122,464,000
FY2025	$1.6B	−$440.4M	$65.9M	—	122,464,000

Identity

CIK: 0001022321
SIC: 4610 · Pipe Lines (No Natural Gas)
Incorporated: DE
Headquarters: HOUSTON, TX

Ownership

Institutional: 77.6%
Institutions: 133
Insiders: 11.4%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other pipe lines (no natural gas) companies

GENESIS ENERGY LP files under SIC 4610 — all 3 pipe lines (no natural gas) companies compared on assets and F-score.

ENBRIDGE INCENB HF Sinclair CorpDINO

Questions about GENESIS ENERGY LP

How many subsidiaries does GENESIS ENERGY LP file with the SEC?: 67, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (DELAWARE, ALABAMA, TEXAS, LOUISIANA). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is GENESIS ENERGY LP financially healthy?: GENESIS ENERGY LP scores 3 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

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Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

67 entities across 4 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-18 — see the exhibit.

Which other public companies file entities in the same places:

DELAWARE61 TEXAS3

Entity

Jurisdiction

Note

AP MARINE, LLC

DELAWARE

BR PORT SERVICES, LLC

DELAWARE

CAMERON HIGHWAY PIPELINE GP, L.L.C.

DELAWARE

CAMERON HIGHWAY PIPELINE I, L.P.

DELAWARE

CASPER EXPRESS PIPELINE, LLC

DELAWARE

DAVISON PETROLEUM SUPPLY, LLC

DELAWARE

DAVISON TRANSPORTATION SERVICES, INC.

DELAWARE

DAVISON TRANSPORTATION SERVICES, LLC

DELAWARE

DEEPWATER GATEWAY, L.L.C.

DELAWARE

FLEXTREND DEVELOPMENT COMPANY, L.L.C.

DELAWARE

GEL CHOPS GP, LLC

DELAWARE

GEL CHOPS I, L.P.

DELAWARE

GEL CHOPS II, L.P.

DELAWARE

GEL DEEPWATER, LLC

DELAWARE

GEL IHUB, LLC

DELAWARE

GEL LOUISIANA FUELS, LLC

DELAWARE

GEL ODYSSEY, LLC

DELAWARE

GEL OFFSHORE PIPELINE, LLC

DELAWARE

GEL OFFSHORE, LLC

DELAWARE

GEL PALOMA, LLC

DELAWARE

GEL PIPELINE OFFSHORE, LLC

DELAWARE

GEL POSEIDON, LLC

DELAWARE

GEL SEKCO, LLC

DELAWARE

GEL SYNC LLC

DELAWARE

GEL TEX MARKETING, LLC

DELAWARE

GEL TEXAS PIPELINE, LLC

DELAWARE

GEL WYOMING, LLC

DELAWARE

GENESIS ALKALI HOLDINGS COMPANY, LLC

DELAWARE

GENESIS BR, LLC

DELAWARE

GENESIS CHOPS I, LLC

DELAWARE

GENESIS CHOPS II, LLC

DELAWARE

GENESIS CRUDE OIL, L.P.

DELAWARE

GENESIS DAVISON, LLC

DELAWARE

GENESIS DEEPWATER HOLDINGS, LLC

DELAWARE

GENESIS ENERGY FINANCE CORPORATION

DELAWARE

GENESIS ENERGY, LLC

DELAWARE

GENESIS GTM OFFSHORE OPERATING COMPANY, LLC

DELAWARE

GENESIS IHUB HOLDINGS, LLC

DELAWARE

GENESIS MARINE, LLC

DELAWARE

GENESIS ODYSSEY, LLC

DELAWARE

GENESIS OFFSHORE HOLDINGS, LLC

DELAWARE

GENESIS OFFSHORE, LLC

DELAWARE

GENESIS PIPELINE ALABAMA, LLC

ALABAMA

GENESIS PIPELINE TEXAS, L.P.

DELAWARE

GENESIS PIPELINE USA, L.P.

DELAWARE

GENESIS POSEIDON HOLDINGS, LLC

DELAWARE

GENESIS POSEIDON, LLC

DELAWARE

GENESIS RAIL SERVICES, LLC

DELAWARE

GENESIS SAILFISH HOLDINGS, LLC

DELAWARE

GENESIS SEKCO, LLC

DELAWARE

GENESIS SMR HOLDINGS, LLC

DELAWARE

GENESIS SYNGAS INVESTMENTS, L.P.

DELAWARE

GENESIS TEXAS CITY TERMINAL, LLC

DELAWARE

HIGH ISLAND OFFSHORE SYSTEM, L.L.C.

DELAWARE

MANTA RAY GATHERING COMPANY, L.L.C.

TEXAS

MATAGORDA OFFSHORE, LLC

TEXAS

MILAM SERVICES, INC.

DELAWARE

POSEIDON PIPELINE COMPANY, L.L.C.

DELAWARE

RED RIVER TERMINALS, L.L.C.

LOUISIANA

SAILFISH PIPELINE COMPANY, L.L.C.

DELAWARE

SEAHAWK SHORELINE SYSTEM, LLC

TEXAS

SOUTHEAST KEATHLEY CANYON PIPELINE COMPANY, LLC

DELAWARE

SYNC PIPELINE LLC

DELAWARE

TDC SERVICES, LLC

DELAWARE

TDC, L.L.C.

LOUISIANA

TEXAS CITY CRUDE OIL TERMINAL, LLC

DELAWARE

THUNDER BASIN HOLDINGS, LLC

DELAWARE

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

3 / 8

FAILReturn on assets positiveROA -9.1%
PASSOperating cash flow positiveOCF 253M
FAILReturn on assets improving-0.9% → -9.1%
PASSCash flow exceeds earningsOCF 253M vs NI -440M
FAILLong-term debt ratio falling58.5% → 62.7% of assets
FAILCurrent ratio improving1.06 → 0.98
PASSNo share dilution122M → 122M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.42× → 0.34×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2020	$1.8B	−$416.7M	$152.6M	—	122,579,000
FY2021	$2.1B	−$165.1M	$36.6M	—	122,579,000
FY2022	$2.8B	$75.5M	−$89.8M	—	122,579,000
FY2023	$3.2B	$117.7M	−$98.9M	—	122,535,000
FY2024	$3.0B	−$63.9M	−$195.2M	—	122,464,000
FY2025	$1.6B	−$440.4M	$65.9M	—	122,464,000

Questions about GENESIS ENERGY LP

How many subsidiaries does GENESIS ENERGY LP file with the SEC?

67, listed in its most recent exhibit 21. They are incorporated across 4 jurisdictions (DELAWARE, ALABAMA, TEXAS, LOUISIANA). That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is GENESIS ENERGY LP financially healthy?

GENESIS ENERGY LP scores 3 out of 8 on the Piotroski F-score. Only 8 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.