Recap: Genesis Energy Q1 Earnings

Genesis Energy GEL reported its Q1 earnings results on Thursday, May 4, 2023 at 06:00 AM.

Here's what investors need to know about the announcement.

Earnings

Genesis Energy missed estimated earnings by 261.54%, reporting an EPS of $-0.21 versus an estimate of $0.13.

Revenue was up $158.66 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.15 which was followed by a 2.91% drop in the share price the next day.

Here's a look at Genesis Energy's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0 0.02 -0.10 -0.36
EPS Actual 0.15 -0.12 -0.19 -0.20
Revenue Estimate 569.60M 550.37M 525.40M 509.37M
Revenue Actual 714.04M 721.25M 721.73M 631.95M

To track all earnings releases for Genesis Energy visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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