What is Genesis Energy's redemption of preferred stock?

Genesis Energy (GEL) reported redemption of preferred stock of $137.2M in Q1 2026.

How has Genesis Energy's redemption of preferred stock changed year-over-year?

Genesis Energy's redemption of preferred stock decreased by 47.7% year-over-year, from $262.5M to $137.2M.

What does redemption of preferred stock mean?

Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.

Genesis Energy GEL Redemption of preferred stock

Redemption of preferred stock at other companies

Plains All American Pipeline, L.P.PAA

$333M—

Delek US HoldingsDK

$0-100%

NGL Energy PartnersNGL

$295.35M—

Delek Logistics PartnersDKL

$0-100%

Other financials

Income statement

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Revenue$446.6M+12.1%

Operating income$76.6M+249%

Net income$6.8M+101%

EPS (diluted)-$0.06+98.5%

Balance sheet

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Cash & equivalents$4.2M-98.9%

Total debt$3.2B-7.6%

Total equity$124.0M-33.9%

Total assets$4.8B-7.2%

Cash flow

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Operating cash flow$81.7M+230%

CapEx$26.1M-68.1%

Free cash flow$55.7M+198%

Valuation

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Market cap$1.75B+13.6%

Enterprise value$4.92B+7.5%

P/E111.9×—

P/S1×+0.1×

Profitability

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Operating margin18.6%+10.4pp

Net margin0.9%+0.5pp

FCF margin10.6%+6.9pp

Returns & leverage

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Return on equity10%+5.2pp

Debt / equity25.6×+7.3×

Current ratio1×-0.5×

Where this comes from

Reported directly by Genesis Energy in its filing.

Tagged under the XBRL concept us-gaap:PaymentsForRepurchaseOfRedeemableConvertiblePreferredStock.

The official record: Genesis Energy’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Genesis Energy's redemption of preferred stock?: Genesis Energy (GEL) reported redemption of preferred stock of $137.2M in Q1 2026.
How has Genesis Energy's redemption of preferred stock changed year-over-year?: Genesis Energy's redemption of preferred stock decreased by 47.7% year-over-year, from $262.5M to $137.2M.
What does redemption of preferred stock mean?: Cash used to redeem (buy back) outstanding preferred stock, eliminating future dividend obligations.